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India asks state banks to protect dollar assets on Cairn concern

Indian authorities asked state-run banks to protect their dollar deposits on concern they could be frozen if Cairn Energy Plc moves to seize India’s offshore assets as part of a tax dispute, according to people with knowledge of the matter. Lenders aren’t committing to U.S. dollar purchases in the forwards

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UK economy shrank by 9.9% in 2020, its largest contraction on record

The U.K. economy contracted by 9.9% in 2020, as the coronavirus pandemic ravaged economic activity.In the final quarter of the year, gross domestic product (GDP) grew by 1%, according to the Office for National Statistics, as the country re-imposed nationwide lockdown measures in a bid to combat a resurgence

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Dow futures fall 150 points amid England stay-at-home order, U.S. election uncertainty

A man walks near the New York Stock Exchange (NYSE) on August 31, 2020 at Wall Street in New York City.Angela Weiss | AFP | Getty ImagesStock futures fell in overnight trading on Sunday amid concern rising coronavirus cases could slow the global economy.The losses came as England adopted

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