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HSBC to announce exit from US retail banking, reshuffles top jobs

HSBC on Tuesday is set to report an expected plunge in annual profits reflecting the impact of the Covid-19 pandemic

As border tensions ease, India to clear 45 investments from China: Report

The proposals have been held up since last year after India tightened controls on Chinese investment in the country in retaliation against alleged Chinese troop incursions

India's inflation target band needs adjustment, says CEA Subramanian

India's retail inflation, which had touched double-digits during the previous Congress party-led government, has gradually fallen, helping Modi to win a second term in 2019

Judge Biden stimulus on speed of return to pre-Covid unemployment: Yellen

Speaking to a New York Times Dealbook online event, Yellen also played down the increased debt levels that would be incurred from Biden's $1.9 trillion American recovery plan being debated in Congress

Alphabet-backed Oscar Health eyes as much as $6.7 bn IPO valuation

The offering is expected to be priced between $32 and $34 per share, valuing the company at $6.7 billion at the upper end of the pricing range

IMF says Covid-19 pandemic might widen wealth differences in Europe

IMF's Kristalina Georgieva praised EU govts for putting more than 3 trillion euros in fiscal support for firms and households, including job-retention schemes that helped more than 54 million workers

US seeks to extend, strengthen nuclear pact with Iran: Antony Blinken

The United States remains committed to ensuring that Iran never acquires a nuclear weapon. Diplomacy is the best path to achieve that goal, Blinken said

Microsoft teams up with EU publishers amid Facebook's Australian spat

"This initiative is a logical next step," Microsoft Vice President Casper Klynge said, adding that the company already shares revenues with publishers via its product Microsoft News

Covid to widen wealth gaps in Europe without sustained support, IMF warns

In a speech to a European Parliament conference on Monday, IMF Managing Director Kristalina Georgieva praised EU governments for putting more than 3 trillion euros in fiscal support

Regulators probe engine blow-outs as older Boeing 777s suspended

Raytheon-owned Pratt & Whitney said it was coordinating with regulators to review inspection protocols

Wall Street falls at open on inflation concerns and rising yields

The Dow Jones Industrial Average fell 113.2 points, or 0.36%, at the open to 31381.12

Oil prices rise with storm-hit US output set for slow return

Brent crude was up 49 cents, or 0.8%, at $63.40 a barrel by 1330 GMT

LVMH's Moet Hennessy picks up 50% stake in rap star Jay-Z's champagne brand

Financial terms of the deal, which was reported earlier by the Wall Street Journal, Financial Times and New York Times, were not disclosed

Oil prices rise amid tight supply as US output slowly returns after storm

Brent crude was up 51 cents, or 0.8%, at $63.42 a barrel

GSK, Sanofi begin new Covid-19 vaccine trial after setback last year

If the results are conclusive, the two drugmakers hope to see the vaccine approved by the fourth quarter after having initially targeted the first half of this year

Bitcoin falls sharply from record highs amid selloff in global equities

The most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday

Biden to revise small business loans to reach smaller, minority firms

US President Joe Biden will launch changes on Monday to the main coronavirus aid program for small businesses

Boeing urges airlines to suspend use of some 777s after United incident

The moves involving Pratt & Whitney PW4000 engines came after a United Airlines 777's right engine failed on Saturday, scattering its protective outer casing over a residential area

World shares sink as bond yields, commodities surge on recovery hopes

MSCI's All Country World Index, which tracks shares across 49 countries, was down 0.4 per cent after the start of European trade

Gold off seven-month low as dollar weakness outweighs firmer yields

Meanwhile, Bitcoin hit a record high on Sunday