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Oil prices rise by 1% as producers commit to slashing fuel output

Brent crude was up 51 cents, or 0.9%, at $56.86 a barrel by 0134 GMT, while U.S. oil gained 53 cents, or 1%, to $54.08 a barrel

Myanmar coup to dampen US trade, impact footwear companies, experts warn

Total trade in goods between Myanmar and the United States amounted to nearly $1.3 billion in the first 11 months of 2020,

Robinhood raising more debt to fulfill Reddit-fueled order frenzy: Report

The capital raised would be separate from the $3.4 billion in financing that Robinhood announced on Monday it had secured from its investors since Jan. 29

Ford Motor Co, Google join hands to offer cloud-based data services

Ford will offer its customers built-in Google apps, including its map and voice technology. It will deploy Google artificial intelligence technology to improve the efficiency of vehicle development

Asian markets modestly firmer as global retail frenzy unsettles outlook

Institutional investors are still digesting the retail trading frenzy that has boosted GameStop Corp and other so called meme stocks in recent sessions against their financial fundamentals

Ford, Alphabet's Google join hands to offer cloud-based data services

As part of a six-year partnership, the Dearborn, Michigan-based automaker will incorporate the tech giant's Android operating system into its Ford and Lincoln vehicles starting in 2023

Wall Street opens higher as retail trading frenzy moves to silver

Wall Street's main indexes opened higher on Monday

Budget 2021: FDI cap hike in insurance set to attract US, European firms

The country's investment promotion agency, Invest India, expects the insurance market to be worth around $250 billion by 2025

Nintendo hikes Switch sales forecast after bumper year-end

The Kyoto-based firm said it sold 24.1 million hardware units in the first nine months of the financial year through March 2021 - more than its previous full-year forecast

India slashes basic import duty on crude palm oil to 15% from 27.5%

India cut the basic import duty on crude palm oil (CPO) to 15% from 27.5% earlier, Finance Minister Nirmala Sitharaman said on Monday

Gold, Silver to get cheaper as FM announces customs duty cut in Budget

Gold futures fell more than 3% following the surprise announcement in the annual budget by Sitharaman

Budget 2021: FM Sitharaman proposes doubling of healthcare spending

India, which has the world's second highest coronavirus caseload after the United States, and currently spends about 1 per cent of gross domestic product on health

India's Jan factory activity at 3-mth high, manufacturing PMI rises to 57.7

The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, rose to 57.7 in January from December's 56.4, above the 50-level separating growth from contraction for 6th straight month

All eyes on Myanmar army chief Min Aung Hlaing as military seizes power

Myanmar's military is notoriously reclusive and even sophisticated observers know little about its inner workings

As Google eyes Australia exit, Microsoft looks to make inroads with Bing

Australia has introduced laws that would force Google and Facebook Inc to negotiate payments to domestic media outlets whose content links drive traffic to their platforms

Oil treads warily higher amid patchy vaccine rollouts, new Covid variant

Oil prices edged higher after a weak start, holding on to the past three months of gains, although patchy vaccine rollouts, new infections and the discovery of new variants are keeping a lid on prices

Hedge fund at centre of GameStop fiasco ends month with $8 bn in assets

Melvin Capital, the hedge fund at the center of the GameStop drama, lost 53 per cent in January but received commitments for fresh cash from investors in the last days of the month, a source said

China's Jan factory activity expands at slowest pace in 7 mths: Caixin PMI

The slowdown in the manufacturing sector underscores the fragility of the ongoing economic recovery in China, as Beijing grapples with a resurgence of local Covid-19 cases in northern China

Asian shares slip for 5th straight session, silver gets retail boost

Indeed, a survey from China on Sunday showed factory activity grew at the slowest pace in five months in January as restrictions took a toll in some regions

Exxon, Chevron CEOs discussed merger in early 2020, talks no longer active

The CEOs of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest US oil producers in what would have been the biggest merger of all time