India will unveil its closely watched budget on Monday, expected to get it back on track as the world’s fastest-growing major economy by boosting spending on job-creation and rural development while battling back the coronavirus.
Lawmakers and market observers are increasingly calling for congressional inquiries and regulatory actions against those responsible for growing bubbles in individual securities including GameStop Corp. GME and brokers that have halted purchases of such stocks, which have posted sharp declines Thursday.
Chevron on Friday reported another quarter of losses as as the coronavirus pandemic continues to weigh on economic growth, energy demand and petroleum prices. The California oil giant said it lost $665 million in the last three months of the year, compared with a $6.6 billion loss during the same period in 2019. For all of 2020, Chevron said it lost $5.6 billion, compared to a profit of $2.8 billion in 2019. Fourth quarter revenues fell 28...
We are in the middle of the fourth-quarter 2020 earnings season, which has so far delivered better-than-expected results. Although overall earnings declined in the last three reported quarters primarily due to severe coronavirus-induced economic devastations, the final results were far better than what were expected at the start of the reporting cycles. Investors will closely monitor fourth-quarter results to see if they resemble the last three...
Profits at India's Tata Motors jumped 67 percent during the last quarter of 2020, the company said Friday, benefiting from pent-up demand that saw consumers flock to buy cars. The Mumbai-headquartered firm, which owns British luxury brand Jaguar Land Rover (JLR), saw consolidated net profit climb to 29.06 billion rupees ($398.91 million) during the October-December quarter from 17.38 billion rupees a year earlier. The results are a strong...
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