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GameStop rally builds after puzzling ice-cream cone tweet

The sharp moves surprised the market, which thought the excitement behind the recent Reddit-fueled rally had died down

Boeing planned to replace 777 engine covers before failures - WSJ

The firm was planning to replace engine covers on its 777 jets months before a pair of recent serious failures, the Wall Street Journal reported on Thursday

Coinbase reveals healthy revenue growth, profit in listing application

The firm said in December that it had confidentially applied with the US Securities and Exchange Commission (SEC) to go public

Global LNG demand expected to almost double by 2040 - Shell

Asia is expected to drive nearly 75% of LNG demand growth to 2040

African Union backs call to waive IP rights on Covid-19 drugs

The union is backing calls for drugmakers to waive some intellectual property rights on Covid-19 medicines and vaccines

Global Markets: Shares and commodities keep climbing, so do bond yields

The euro touched a one-month high of $1.2183

AstraZeneca says it will have no vaccine supply shortfall in second quarter

AstraZeneca will deliver 180 million Covid-19 vaccines to Europe in the second quarter, the head of its Italian unit was quoted as saying on Thursday

Barclays lifts 2021 oil price outlook on tighter US supply view

Barclays cited weaker than expected supply response from US producers to higher prices

Banks, miners lead European markets higher as Fed calms inflation woes

Shares in the British bank slipped 5 per cent despite it restoring its dividend and reaffirming long-term profit goals

Gold prices slip as higher US Treasury yields dim appeal

Benchmark US Treasury yields held close to a one-year peak hit in the previous session

Boeing working with regulators on return of 737 MAX in Asia: Executive

Ten airlines are now operating the MAX with more than 13,500 flight hours since the return to service, Hulst said

Exxon Mobil's total reserves drop by a third after Covid-19 oil price drop

The reserves reductions were "a result of very low prices during 2020 and the effects of reductions in capital expenditures," the company said in a filing

Oil prices hovers near 13-month highs as storm hits US production

Both contracts touched their highest since Jan. 8, 2020, earlier in the session with Brent at $67.49 and WTI at $63.67. The April Brent contract expires on Friday

ByteDance names head of China news unit as global TikTok R&D chief: Report

US investors, including Oracle Corp and Walmart Inc, have discussed with ByteDance taking a majority stake in TikTok's American operations

StanChart profit dips as Covid inflates bad loans, high credit impairments

Credit impairments last year more than doubled compared with a year earlier to $2.3 billion because of the pandemic

Asian stocks open higher as US Fed's Powell nixes inflation fears

Australia's S&P/ASX 200 rose 0.90% in early trade while Japan's Nikkei 225 added 1.37%. Hong Kong's Hang Seng index futures rose 0.92%

Fed to keep monetary policy easy, stay patient as US economy revives

"We are just being honest about the challenge," Powell told lawmakers when asked about Fed projections that inflation will remain at or below the central bank's 2% target through 2023

Joe Biden to press for funds to boost chip manufacturing amid shortfall

Biden also signed an executive order on Wednesday aimed at addressing the global semiconductor chip shortage that has alarmed the White House and members of Congress, administration officials said

GameStop stock doubles in afternoon up by 60%; even Reddit is surprised

GameStop shares were up 60% after hours at around $146, following a 103% rise during the day's trading

Data-focused Powell paves way for era of extended loose Fed policy

By Howard Schneider and Ann Saphir