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S Korea's SsangYong Motor in receivership as owner M&M fails to find buyer

SsangYong applied to the court in December for receivership after it defaulted on a loan repayment

Facebook signs first deal to buy renewable energy from local firm in India

Facebook has signed a deal to buy renewable energy in India from a local firm's wind power project, the social media giant's first such deal in the South Asian nation, the companies said on Thursday

World stocks stay high, Russia's rouble buckles under sanctions stress

The U.S. dollar was at a four-week low ahead of March retail sales data

Cryptocurrency exchange Coinbase jumps 11% day after Nasdaq debut

The firm had a high-profile debut on the Nasdaq

Asian shares slip dragged down by Chinese stocks, dollar at one-month lows

Futures for Eurostoxx 50 and Germany's DAX started in negative territory

Food delivery firm Deliveroo's orders more than doubled in first quarter

This is its first trading update since its highly-anticipated listing in London last month flopped

TSMC books 19% Q1 profit growth; says chip shortage likely last into 2022

The firm said it is doing all it can to increase productivity and alleviate a worldwide chip shortage

Oil prices register one-month highs as IEA and OPEC raise forecasts

Global oil demand and supply are set to be rebalanced in the second half of this year

BOJ's Kuroda warns of lingering Covid pandemic pain for economy

The world's third-largest economy is seeing a resurgence in COVID-19 infections

China's Tencent Holdings plans to raise $4 bn in bond deal: Details here

Tencent raised $6 billion in May last year and issued 40-year debt for the first time

Ford details new production cuts due to global chip shortage: Details here

Ford said in March it expected the semiconductor shortage to cost between $1 billion and $2.5 billion

JPMorgan profit surges helped by trading, investment banking boost

The largest U.S. bank released more reserves and was aided by a blowout quarter from its trading desks

Goldman profit smashes expectations on booming investment banking

Global investment banking fee hit an all-time record of $39.4 billion during the March quarter,

Coinbase Global heads for $91-billion valuation in Nasdaq debut

The San Francisco-based firm was valued at just under $6 billion as recently as last September but has surged in line with bitcoin's gains this year.

Wall Street indexes open flat as big banks kick off earnings season

Goldman Sachs and JPMorgan kicked off the first-quarter corporate earnings season

In world first, Denmark ditches AstraZeneca's coronavirus vaccine

Many countries in Europe and elsewhere have resumed administering the shot, with some restricting its use to certain age groups, mostly those aged above 50 or above 60.

Covid: Pfizer to send extra 50 mn vaccine doses to EU in second quarter

The European Commission currently has a portfolio of 2.3 billion doses from a half dozen companies and is negotiating more contracts.

Wells Fargo profit beats Wall Street estimates as credit costs stabilize

The bank set aside less money to cover soured loans

Low-cost airline EasyJet sees Europe open for travel from late May

Flying has been severely curtailed due to the pandemic over the last 12 months

Oil maintains upward momentum despite fresh coronavirus fears

The dollar hit three-week lows on Wednesday, making crude cheaper for countries using other currencies.