Page 1114 - Reuters

Oil rally has more room, Brent expected to hit $80 per barrel: Goldman

US investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue

Asia stocks up, US bond yields dip to 3-month low as inflation fears ease

US bond yields dipped to three-month lows and a broad gauge of Asian shares rose on Friday as investors looked past rising US consumer prices

Gold breaches $1,900 mark as dollar, yields dip after US inflation data

Spot gold was up 0.1% at $1,900.10 per ounce, as of 0518 GMT

Oil prices retreat, but heads for third weekly rise on demand recovery

Brent crude futures fell 16 cents, or 0.22%, to $72.36 a barrel at 0558 GMT, after closing at its highest since May 2019 on Thursday

Detroit becomes 'Jeep City' with first new auto assembly plant in 30 years

Inside the first new auto assembly plant built in the Motor City since 1991, the smell of hot metal hangs in the air as new Jeep Grand Cherokee L SUVs head down the welding line

Frequent run-ins with Indian govt cloud US big tech's expansion plans

India is a massive market for US tech giants, biggest for both Facebook and WhatsApp by user numbers and third for Twitter

Young, Indian, unvaccinated: The world's largest inoculation drive falters

Vaccinations opened up from May 1 for people aged between 18 and 45, leading to a surge in sign-ups. But there was no corresponding increase in vaccine supplies.

SoftBank's PayPay surges ahead in Japan's digital payments race

PayPay is emerging as key driver of a government-supported consumer shift away from cash as Japan grapples with deepening labour shortages

Reopening US economy heat up inflation; labour market recovery gets a boost

May's inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell's repeated assertion that higher inflation will be transitory

Japan minister says he never asked adviser to contact Toshiba shareholders

Japan's trade minister said he never directed an adviser to contact Toshiba shareholders after a report accused his ministry of colluding with firm executives to pressure stockholders to fall in line

Oil trims gains, but heads for third weekly rise on demand recovery

Brent crude futures fell 23 cents, or 0.3%, to $72.29 a barrel at 0145 GMT, reversing most of Thursday's climb to its highest close since May 2019

China's Huawei Tech aims to reach driverless car technology in 2025

The world's largest telecommunications equipment maker is looking to diversify its business in the face of US sanctions

Apple hires former BMW executive Ulrich Kranz for car project: Report

Apple Inc has hired Ulrich Kranz, a former senior executive at BMW AG's electric car division, to help its vehicle initiatives

China's Didi reveals US IPO filing, all set for blockbuster New York float

Didi could raise around $10 billion and seek a valuation of close to $100 billion

Eli Lilly memo says firm did not make false statements to FDA

By Dan Levine and Marisa Taylor

Inflation fails to shake US mkts out of torpor, with Fed in driver's seat

Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target

Amazon to ask corporate staff to return to office for three days a week

Amazon.com Inc said on Thursday some corporate employees will be offered the option to return to office for three days a week and work remotely for the other two days.

Oil prices hits two-year highs on rising economic demand expectations

Brent futures rose 30 cents, or 0.4%, to settle at $72.52 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 33 cents, or 0.5%, to end at $70.29

In a first, Verizon brings commercially available private 5G network in US

Verizon has been trialing private 5G with several customers and has partnered with the likes of Microsoft and Amazon

Dollar oscillates as market digests US inflation data, ECB

The dollar index, which measures the greenback against a basket of major currencies, has fluctuated narrowly around the psychologically important 90 level, and was last down 0.08% at 90.058.