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Oil hits 11-month high on Saudi cuts, shrugs off US Capitol unrest

Brent crude rose 18 cents to $54.48 a barrel by 1:32 p.m. EST (1832 GMT) after touching $54.90, a high not seen since before the first Covid-19 lockdowns in the West

Transportation secretary Elaine Chao resigns after US Capitol violence

Chao, the wife of Senate Majority Leader Mitch McConnell, said the mob attack "has deeply troubled me in a way that I simply cannot set aside." She said her resignation will take effect on Monday

Wall St at record high as Democrats take control of Senate; Dow up 200 pts

Rate-sensitive bank shares gained 3.2%, tracking a surge in the benchmark 10-year U.S. Treasury yield.

South Africa says to get 1.5 million vaccines from Serum Institute of India

A million jabs to be delivered in January and the remainder the following month

Cigarette makers fume as govt proposes changes to anti-smoking law

India has over the years introduced tobacco controls and launched campaigns to deter its use, but enforcement of the law has been a challenge

India's fiscal deficit likely to be over 7% in 2020/21: Report

A fiscal deficit of more than 7% would be higher than some private economists have projected

Saudi's surprise output cut to lift Brent to $60 a barrel by mid-year: UBS

UBS expects Brent to trade at $63 per barrel in the second half of 2021

BlackRock raps board of world's biggest glove maker over worker safety

The board of directors of Malaysian firm Top Glove has failed egregiously in protecting its workers from Covid-19, US investor BlackRock said, calling for its removal

S&P Dow Jones to remove ADRs of Chinese telecom firms after NYSE decision

S&P Dow Jones Indices said it will remove the American Depositary Receipts of three Chinese telecom companies, China Mobile, China Telecom Corporation and China Unicom (Hong Kong), from its benchmarks

NYSE confirms latest u-turn, says it will delist 3 Chinese telecom firms

NYSE said it'll delist three Chinese telecom firms, confirming latest U-turn on the matter a day after US Treasury Secretary told NYSE chief he disagreed with an earlier decision to reverse delistings

Gold prices inch down as higher yields outweigh stimulus optimism

Gold prices edged lower on Thursday as firmer Treasury yields eclipsed support from a Democrat sweep in Georgia Senate runoffs that boosted hopes for more stimulus

US considering adding Alibaba, Tencent to China stock ban: Report

The Trump administration is considering adding Alibaba Group Holding and Tencent Holdings to a blacklist of Chinese companies that are allegedly owned or controlled by the Chinese military

US to urge firms to comply with China investment ban in new guidance

The US State Department plans to release as soon as Wednesday a fact sheet urging US investors to comply with an executive order banning investments in alleged Chinese military companies, sources said

Gaming platform Roblox valued at $30 billion, plans direct listing

Roblox Corp said it aims to go public through a direct listing, instead of an IPO as originally planned, and has raised new funding in a deal that values the US gaming platform at nearly $30 billion

BP gives Caribbean refinery more time to hit operating targets: Report

BP Plc has given the operator of a Caribbean refinery more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year, sources said

US, Japan set for recovery in second half of 2021, IMF chief economist says

Economic stimulus approved in the US and Japan at the end of last year will help to power a recovery in their economies in the second half of 2021, IMF chief economist Gita Gopinath said on Wednesday

US slams India, Italy on digital taxes, could impose retaliatory tariffs

Digital services taxes adopted by India, Italy and Turkey discriminate against US companies and are inconsistent with international tax principles, the US Trade Representative's office has said

US Capitol chaos: Twitter restricts Trump tweet for 'risk of violence'

In the tweets, Trump continued to make the baseless claim that the election was fraudulent. In the video he also urged protesters to go home

US Fed says bond-buying changes hinge on 'qualitative' call on economy

By Howard Schneider, Jonnelle Marte and Ann Saphir

Georgia delivers US Senate to Democrats with double win, says report

Raphael Warnock, a Baptist preacher from Martin Luther King Jr.'s former church, beat Republican incumbent Kelly Loeffler to become the first Black senator in the deep South state's history