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Oil rises on positive US economic data; Covid-19 concerns limit gains

New Covid-19 cases in the United States rose by nearly 50,000 on Wednesday

Swiss restricts entry from 29 countries to prevent Covid-19 resurgence

The list includes the United States, Sweden, Brazil and Russia, which have been designated as countries with a high risk of infection

Trump upbeat on Covid-19 vaccine, says 3 candidates are looking good

'Three are really, really looking good,' Trump said at an event

US job growth roars back, but Covid-19 resurgence spells trouble ahead

Record spikes in new coronavirus infections in large parts of the country, including the highly-populated states of California, Florida and Texas, have forced several states to scale back reopenings

Lemonade makes a dream debut, soars 73% on demand for new listings

The company's shares opened at $50.06 on the New York Stock Exchange

Wall Street jumps at open on strong US jobs report; Nasdaq hits record high

The Dow Jones Industrial Average rose 201.48 points, or 0.78%, at the open to 25,936.45

UK recognises opposition leader Juan Guaido as Venezuela's president

UK High Court ruled that Britain had "unequivocally" recognised Guaido as constitutional interim president

Novartis pays $729 mn to settle US charges that it paid doctors kickbacks

It will also pay $51.25 million to resolve charges it funnelled money through three charitable foundations to cover co-payments of Medicare patients so they would purchase its drugs

Traders thought Apple had 'holy grail' of oil data, but the quest continues

On-the-spot gasoline consumption figures would change the way oil markets trade, because it is "the holy grail of metrics," said Patrick DeHaan, head of petroleum analysis at GasBuddy

Goldman Sachs sees oil demand returning to pre-coronavirus levels by 2022

Demand is expected to fall by 8% this year, before rebounding 6% in 2021, the bank said

June gold imports plunge 86% y-o-y to 11 tonnes due to lockdown: Report

In value terms, June imports dropped to $608.76 million from to $2.7 billion a year ago

UK regulators probe criticise Apple's search engine deal with Google

Apple received the "substantial majority" of the 1.2 billion pounds ($1.5 billion) that Google paid to be the default search engine on a variety of devices in the United Kingdom in 2019

Uber extends mask requirement for drivers, riders, launches new campaign

Uber's stance comes as US infections surge and the debate over public health measures and wearing a mask has taken on a partisan tone in the United States

US Fed revisits Great Recession-era idea of keeping low interest rates

Fed officials anticipate the United States will suffer the worst economic downturn since World War Two, and they have no intent to let up on providing stimulus for the foreseeable future

Emerging market FX pickup exposed to reversal after new virus surge: Report

The real, the rouble and the rupee are on the spot as infections of Covid-19, the illness caused by the virus, pile up in Brazil, Russia and India

Airbus hints at compromise on job cuts in exchange for govt-funded schemes

France urged Airbus to make as few forced layoffs as possible, while French and German unions said compulsory cuts at the European planemaker were a "red line"

DoT warns operators of action if banned Chinese apps are not deleted

The order came after the government this week banned several Chinese apps including ByteDance's TikTok, Alibaba's UC News and Tencent's WeChat citing "threat to sovereignty and integrity.

India's electricity output signals recovery in June, shows govt data

June power generation fell 9.9%, a Reuters analysis of daily load despatch data from federal grid operator POSOCO showed, compared with a 14.3% decline in May.

Oil rises 2% on US crude stockpile draw, global manufacturing activity

Brent crude rose 80 cents, or 1.9 per cent

Indian Super League: The billionaire, Bollywood and future of Indian soccer

Ambani's holding group launched the Indian Super League, an elite competition of newly created teams, in 2014 with the aim of attracting investment and big global names.