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Britain's Cairn files case in US to push India to pay $1.2 billion award

Cairn aims to enforce the award under international arbitration rules

Cyclicals shine as Wall Street scales new peak on stimulus, recovery bets

By Devik Jain

Govt set to clear new Chinese investment proposals in coming weeks: Report

Among the proposals delayed was China's Great Wall Motors' acquisition of a General Motors' plant in India

South Africa's Renergen to start making ultra-cold Covid vaccine storage

South African natural gas and helium producer Renergen will start production of its helium powered ultra-cold mobile freezer in the next few days

PolyPeptide Group names new CEO before likely Swiss IPO during 2021

Raymond De Vre, a Belgian who previously worked at Indian contract manufacturer Dr. Reddy's Laboratories as global head of biologics, will join PolyPeptide Group as CEO-elect in April

Citigroup can't recoup Revlon payouts after nearly $900 mn gaffe: US judge

The case stemmed from an incident where Citigroup, acting as Revlon's loan agent, wired $893 million to Revlon's lenders, appearing to pay off a loan not due until 2023

Amid RIL deal woes, Future's creditors scramble over $2.5-bn loans: Report

Future may face liquidation if the deal falls through and banks are actively discussing an alternate one-time restructuring option, say four bankers with knowledge of the matter

Oil prices close to 13-month highs, supported by Texas cold snap

Benchmark Brent crude slipped 37 cents

Sportswear maker Adidas plans to sell struggling Reebok brand

The move comes 15 years after Adibas bought the US fitness label to help compete with arch-rival Nike Inc

South Africa plans to share AstraZeneca vaccine, first J&J shots expected

Eighty thousand J&J shots are expected initially, and up to 500,000 health workers could be immunised in total in the study

Italy sees record demand in first bond sale under Draghi

Italy's 10-year bond yields fell to a record-low last week after head of state Sergio Mattarella asked Draghi to form a new government

TikTok's US ad business roars back as Trump's threats recede

TikTok's revenue ambitions have grown and now include selling top-dollar ad packages centered around holidays or major events

Global shares hit record high as investors bet on Covid-19 recovery

Recovery hopes in Britain sent sterling to 2-1/2 year highs, just short of $1.40 against the dollar

Tata Group to buy 68% stake in BigBasket for Rs 9,500 crore: Report

BigBasket top management are likely to stay on for three to four years, the report said

Haven't asked Serum to take back 1 mn Covishield doses, says South Africa

South Africa plans to share AstraZeneca shots via African Union, says Anban Pillay, deputy director-general at the Department of Health

World's most popular crypto Bitcoin within a whisker of $50,000

Bitcoin has been on a tear in recent times

Bristol-Myers, Sanofi to pay Hawaii $834 mn over Plavix warning label

Bristol-Myers and Sanofi, which produced Plavix in a partnership, in a joint statement vowed to appeal, saying the decision was "unsupported by the law and at odds with the evidence at trial"

World stocks look to extend bull run to 12th day on economic optimism

Oil prices soared to a 13-month high as a deep freeze due to a severe snow storm in the United States not only boosted power demand but also threatened oil production in Texas

Incoming WTO head warns 'vaccine nationalism' could slow pandemic recovery

The former Nigerian finance minister and senior World Bank executive was appointed on Monday in a consensus process and starts her new job on March 1

Bill Gates warns that manufacturing could challenge climate goals

"That's the sector that bothers me the most," Gates said in a video interview with Reuters ahead of the publication this week of his book, "How to Avoid a Climate Disaster"