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Oil settles up more than $2 despite OPEC+ production cuts

Brent crude settled up $2.12, or 3.4%, to $64.86 a barrel. US oil settled up $2.29, or 3.9%, at $61.45 a barrel.

S&P 500 rides Microsoft, Amazon to record close north of 4,000

Unofficially, the Dow Jones Industrial Average rose 0.53% to end at 33,155.85 points, while the S&P 500 gained 1.19% to 4,020.07.

Amazon uses loopholes to not pay a penny in tax: US President Joe Biden

Unveils $2-trn plan aimed at modernising America's crumbling transport network, creating millions of jobs

Indian growth outlook brightens but Covid-19 casting a shadow: Poll

The March 26-April 1 poll showed economists now expect the economy to grow a record 27.0% this quarter

Future Retail to offer quick online deliveries in bet on e-commerce

Popular online grocery service BigBasket, in which India's Tata Group is seeking to acquire a majority stake, and Amazon both offer quick online deliveries in India.

Ford and Mahindra to end collaboration on all projects in India

Michigan-based Ford entered India 25 years ago, but it has only a 2% share of a market dominated by Suzuki Motor Corp and Hyundai Motor's extensive line-up of mainly low-cost cars

India's March gold imports surge 471% to a record 160 tonnes: Report

India's gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday

India's Oct-Mar sugar output rises 19% to 27.76 MT; exports gain momentum

The country is the world's second-biggest sugar producer and the higher output could weigh on global prices

Volkswagen to buy credits from Tesla to comply with environment: Report

Shares in Volkswagen, the world's second-biggest automaker, have soared this year as investors warm to its plans to go electric.

Deliveroo's IPO slump casts doubt over London's post-Brexit ambitions

Shares in the food delivery company slumped as much as 30% on Wednesday in one of the biggest first day falls for a stock in London

S&P 500 hits 4,000 mark for first time on tech strength, reopening optimism

Seven of the 11 S&P sectors rose, with technology and communication services gaining more than 1.5%

US resumes calls to Saudi Arabia as OPEC+ debates increase or rollover

Trump insisted OPEC raise production to prevent prices from spiking too high

India state retailers' March petrol sales up 27.4% y/y; diesel up 28.6% y/y

Indian state retailers' gasoline and gas oil sales in March rose by 27.4% and 28.6%, respectively, from the low base of last year, when a lockdown to stem the spread of the coronavirus hit consumption

Gold rebounds from three-week low as dollar rally pauses, yields ease

Gold bounced back from a three-week low hit in the previous session, as the US dollar and Treasury yields eased, while President Biden's $2 trillion-plus jobs plan further supported the metal's appeal

Japan business confidence rebounds to pre-pandemic levels in 1st quarter

Japan big manufacturers' sentiment improved to pre-Covid levels in the first quarter while companies stepped up capital spending plans, suggesting the economy was benefiting from a recovery in demand

OPEC+ panel lowers oil demand growth forecast by 300,000 barrels per day

OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the market's recovery as new coronavirus lockdowns take hold

Microsoft wins $21.9 billion contract with US Army to supply AR headsets

Microsoft Corp on Wednesday said it has won a deal to sell the US Army augmented reality headsets based on its HoloLens product and backed by Azure cloud computing services

Ford to update financial impact of global chip shortage next month

Ford said, while announcing the latest North American production cuts at seven plants due to the global chip shortage, that it would provide an update on April 28 to the expected hit to 2021 profit

Archegos fallout wipes $9 bn from market value of Credit Suisse, Nomura

Investors tallied the fallout from Archegos Capital's dramatic meltdown, with Nomura and Credit Suisse shares losing a collective $9 billion while heightened scrutiny of the hedge fund industry loomed

Biden says $2 trillion jobs plan rivals the space race in its ambition

Biden called for a sweeping use of government power to reshape the world's largest economy and counter China's rise in a $2 trillion-plus proposal that was met with swift Republican resistance