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Reuters
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
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India's December fuel demand scales 11-month peak as recovery gathers pace
On an annual basis, demand slipped by 1.8%, indicating that consumption in Asia's third-largest economy hasn't yet reached pre-pandemic levels
 "India's December fuel demand scales 11-month peak as recovery gathers pace")
Oil rises to 11-month high, logs weekly gain on Saudi output cut
Brent crude settled at $55.99 a barrel, climbing $1.61, or 3%, on the day and 8.1% on the week
 "Oil rises to 11-month high, logs weekly gain on Saudi output cut")
Boeing to pay $2.5 billion to settle US criminal probe into 737 MAX crashes
Boeing admitted in court documents that two of its 737 MAX technical pilots had deceived the FAA about a safety system called MCAS, whose gyrations have been tied to crashes
 "Boeing to pay $2.5 billion to settle US criminal probe into 737 MAX crashes")
Joe Biden says Donald Trump's impeachment is for Congress to decide
Biden told reporters that he was focused on containing the Covid-19 pandemic, ensuring rapid vaccination and bolstering the economy
 "Joe Biden says Donald Trump's impeachment is for Congress to decide")
US House Democrats to introduce impeachment charges against Trump on Monday
The articles also cite Trump's hour-long phone call with Georgia Secretary of State Brad Raffensperger
 "US House Democrats to introduce impeachment charges against Trump on Monday")
S&P, Nasdaq hit record highs as stimulus hopes outweigh dire jobs report
Seven of the 11 major S&P sectors rose in early trading with healthcare, consumer discretionary and real estate leading gains.
 "S&P, Nasdaq hit record highs as stimulus hopes outweigh dire jobs report")
Tesla market capitalisation crosses $800 billion for the first time
Shares of Tesla Inc jumped 4.9% on Friday
 "Tesla market capitalisation crosses $800 billion for the first time")
Wall Street sets new highs as stimulus hopes outweigh dire jobs report
The Dow Jones Industrial Average rose 28.5 points, or 0.09 per cent
 "Wall Street sets new highs as stimulus hopes outweigh dire jobs report")
US economy sheds jobs in December; unemployment rate at 6.7%
Despite the labor market weakness, the economy is unlikely to fall back into recession, with a backstop of nearly $900 billion in additional pandemic relief approved by the government last week
 "US economy sheds jobs in December; unemployment rate at 6.7%")
Volkswagen's Audi to phase out combustion engines in 10-15 years: Report
Volkswagen's premium carmaker Audi aims to phase out combustion engines and offer only electric cars in 10 to 15 years, at the latest, German weekly WirtschaftsWoche reported
 "Volkswagen's Audi to phase out combustion engines in 10-15 years: Report")
UK's competition watchdog to probe Google's ad changes in Chrome browser
UK to probe Google's proposals to remove third-party cookies and other functions from its Chrome browser
 "UK's competition watchdog to probe Google's ad changes in Chrome browser")
Credit Suisse to slide into red as it sets aside $850 mn for US litigation
MBIA sued Credit Suisse in 2009 over hundreds of millions of dollars it paid out to compensate investors after thousands of mortgages failed
 "Credit Suisse to slide into red as it sets aside $850 mn for US litigation")
Chinese telcos lose $5.6 billion in value as index providers drop them
Goldman Sachs estimated some $77.5 billion in China offshore bonds could face restrictions
 "Chinese telcos lose $5.6 billion in value as index providers drop them")
Hyundai says in early talks with Apple after electric vehicle tieup report
Hyundai and Apple already work together on CarPlay, Apple's software for connecting iPhones to vehicles from a variety of automakers
 "Hyundai says in early talks with Apple after electric vehicle tieup report")
HMEL to shut Bathinda refinery for 40 days from end-January: Report
India's HPCL-Mittal Energy Ltd, part owned by steel tycoon L N Mittal, will shut its 226,000 bpd Bathinda refinery in Punjab for about 40 days from end-January for maintenance, two sources said
 "HMEL to shut Bathinda refinery for 40 days from end-January: Report")
Credit Suisse forecasts 4th-quarter loss on higher provisions for US case
Credit Suisse on Friday said it expects to book a net loss for its fourth quarter after increasing its provisions for a long-running dispute in the United States by $850 million
Raging Covid cases expected to have restrained US labour market in December
The US economy likely created fewest jobs in seven months in December or even shed workers as the country buckled under onslaught of Covid, marking the start of what is expected to be a bleak winter
 "Raging Covid cases expected to have restrained US labour market in December")
India's retail inflation in Dec likely fell to within RBI target: Report
India's retail inflation likely fell sharply in December, landing within the Reserve Bank of India's target range, due to a significant drop in vegetable and food prices, a report said
 "India's retail inflation in Dec likely fell to within RBI target: Report")
Asian stocks hit fresh records on hopes for global recovery later in 2021
Asian shares rose to record highs on Friday as investors looked beyond rising coronavirus cases and political unrest in the US to focus on hopes for an economic recovery later in the year
 "Asian stocks hit fresh records on hopes for global recovery later in 2021")
Gold prices inch lower as stronger US dollar, higher yields weigh
Gold inched lower on Friday as the US dollar and Treasury yields firmed, although hopes for additional stimulus in the world's largest economy kept bullion on course for a second straight weekly gain
 "Gold prices inch lower as stronger US dollar, higher yields weigh")