Page 1097 - Reuters

Oil prices jump to more than two-year high as US supplies tighten

Brent crude rose $1.02, or 1.4 per cent, to $75.83 by 8:19 pm IST, having touched its highest since October 2018 at $76.02 after the EIA data

Business Standard among the top 10 trusted media brands in India: Survey

The survey also said amid the pandemic, legacy print brands and government broadcasters, DD News (Doo­rdarshan) and All India Radio, retained high levels of trust among consumers in India

Wall Street rises as Fed, PMI give boost; global share mkts also up

The market is still feeling the aftereffects of the Fed's surprise projection last week for rate hikes as soon as 2023, which knocked stocks

Tesla opens solar charging station in Tibet's Lhasa, its first in China

Last year, Tesla, which makes electric vehicles in Shanghai, put out job advertisements for solar and energy storage project managers in China.

Crypto is 'rat poison', a third of mainstream investment firms tell JPM

Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies

GSK's drugs arm to get $11 billion windfall from consumer spin-off

Investors have been waiting for details of the separation

European stocks slip, Wall Street futures point to a slightly higher open

The STOXX 600 was 0.3% lower on the day but was up around 1.5% from the lows it hit on Monday.

Boeing faces rocky path to gaining approval for 737 MAX return in China

The MAX grounding - after crashes that killed 346 people - has been worst crisis in Boeing's history.

Cyclical currencies lead after dust settles on US Federal Reserve

The dollar jumped and stocks swooned last week after the Fed surprised markets by signalling much earlier rate hikes than investors previously expected.

Euro zone business growth at 15-year high as demand unleashed -PMI

When the coronavirus was spreading rapidly, governments imposed strict restrictions, encouraging citizens to stay at home and forcing much of the service industry to close.

Heineken takes control of India's United Breweries cementing its position

Heineken is the world's second largest beer maker

Men took bigger jobs hit in pandemic across euro zone: ECB study

Men accounted for more than 60% of the jobs losses last year

Self-driving startup WeRide deepens ties with Nissan, raises $310 million

WeRide, a China-based autonomous driving startup, said that it would deepen development with Nissan on autonomous driving technology for the China market as it raised $310 mn at a $3.3 bn valuation

SoftBank CEO Masayoshi Son says share buybacks remain an option for firm

SoftBank Group Corp CEO Masayoshi Son said on Wednesday share buybacks remain an option for the conglomerate, amid a slide in its shares

Tesla opens first charging station in China with energy storage facilities

Electric-vehicle maker Tesla Inc said on Wednesday it has opened its first charging station in China with its own solar and energy storage facilities

Harvard wasn't pressured over Toshiba, former Japan adviser says: Report

A former Japanese govt adviser said he didn't put pressure on Harvard University's endowment fund to influence its voting at Toshiba's contested shareholder meeting last year

Bank of Japan policymakers saw prospects of quicker recovery in April

Bank of Japan board members voiced hope in April that the massive stimulus deployed by nations will quicken Japan's economic recovery, with domestic consumption potentially providing a tailwind

Gold ticks up after Jerome Powell pledges not to raise rates quickly

Gold prices gained on Wednesday after US Federal Reserve Chair Jerome Powell promised not to raise interest rates too quickly based only on the fear of coming inflation

Dollar in retreat as Powell says Fed won't raise rates on fear of inflation

The US dollar remained on the back foot against major peers on Wednesday after a two-day drop as US Fed officials including Chair Powell reaffirmed that tighter monetary policy was still some way off

Oil resumes climb as US crude inventories fall more than expected

Oil prices rose after data showed US crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in Europe and North America