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Oil drops 1% on US dollar strength, expectations for supply gains

Brent crude futures for April, which expire on Friday, fell 86 cents, or 1.3%, to $66.02 a barrel

Inflation target band of 2-6% appropriate for next 5 years: RBI report

The finding is part of RBI's 'Report on Currency and Finance' for 2020-21

Britain sets out blueprint to keep fintech 'crown' after Brexit

Britain has a 10% share of the global fintech market, generating 11 billion pounds ($15.6 billion) in revenue

Planemaker Airbus unveils emissions data amid climate pressure

Airbus also reported emissions from its factories, giving a glimpse of a multinational network linked by boats, trucks, barges and huge airlifters

Gold prices headed for second monthly decline as Treasury yields rise

Prices had dropped 1.9% on Thursday as benchmark U.S. Treasury yields hit their highest since the pandemic began, lifting the dollar

China's Huawei, reeling from US sanctions, plans foray into EVs: Report

Huawei has started internally designing the EVs and approaching suppliers at home, with the aim of officially launching the project as early as this year, three of the sources said

Hyundai bought chips when rivals didn't; its assembly lines keep rolling

The South Korean automaker kept buying chips even as rivals cut orders to reflect diminished demand because of the pandemic

Biden USTR nominee Tai vows to end trade race to the bottom, counter China

Achieving Biden's trade goals would require stronger, more resilient U.S. supply chains and investments in people and infrastructure to boost American competitiveness, she said

Australia lifts ban on Boeing 737 MAX, first in Asia-Pacific region

"We...are confident that the aircraft are safe," Graeme Crawford, the acting chief of the Civil Aviation Safety Authority, said in a statement

India's economy probably resumed growing last quarter post-2020 recession

The forecasts ranged from a contraction of 4.7% to growth of 2.6%. India is set to announce GDP data for the December period on Friday

Asia stocks skid as global inflation fears, tech woes hit Wall Street

Japan's Nikkei 225 was down 1.8 per cent while Hong Kong's Hang Seng index futures lost 1.69 per cent

Oil mixed, US crude hits highest since 2019 as refineries restart

Brent futures for April delivery fell 16 cents, or 0.2%, to settle at $66.88 a barrel. The April Brent contract expires on Friday

Asia stocks skid as global inflation fears, tech woes hit Wall Street

U.S. Treasury yields vaulted to their highest since the pandemic began on expectations of a strong economic expansion and related inflation

Car sector seeks more British government support as output tumbles

Output in January fell by 27% year-on-year to 86,052 vehicles, hit by factors including dealership closures during a latest Covid-19 lockdown

GameStop jumps nearly 19%; 'meme stocks' fade after another wild ride

"The power of the "three R's" (Robinhood, Retail, Reddit) are back in play," said Neil Campling, head of technology research at Mirabaud Securities

G20 to pledge support for robust post-Covid-19 recovery, cash for IMF

Finance ministers and central bank governors of the world's top 20 economies, called the G20, will hold a video-conference on Friday and the global response to the unprecedented havoc wreaked by Covid

Texas lawmakers look to lay blame for deadly blackout, investigation on

"Who's at fault?" State Representative Todd Hunter demanded of utility executives. "I want to hear who's at fault. I want the public to know who screwed up"

Tesla to cut Model 3 production in US for 2 weeks due to parts shortage

Several automakers, including General Motors, Volkswagen, and Ford Motor, are hit by the shortage of chips, forcing them to scale down production

Boeing, hit with $6.6 million FAA fine, faces major 787 repair bill: Report

The Federal Aviation Administration said Boeing had agreed to pay $6.6 million in penalties after the aviation regulator said it failed to comply with a 2015 safety agreement

Twitter aims to double revenue by 2023, teases new 'super follow' feature

The "super follow" feature, which lets users charge followers for access to exclusive content, will launch this year, a spokesman said