Page 1151 - Reuters

Wistron shakes up India structure, management after factory trouble: report

The move comes after a rampage in December by thousands of Wistron's contract workers

S Korea's SsangYong Motor in receivership as owner M&M fails to find buyer

SsangYong applied to the court in December for receivership after it defaulted on a loan repayment

Facebook signs first deal to buy renewable energy from local firm in India

Facebook has signed a deal to buy renewable energy in India from a local firm's wind power project, the social media giant's first such deal in the South Asian nation, the companies said on Thursday

United States retail sales surge; weekly unemployment claims fall

Retail sales increased 9.8% last month

Citigroup to exit retail banking operations in India, 12 other countries

CEO Jane Fraser says Citi lacked the scale to properly compete in the 13 markets it is leaving

Activist investor Elliott takes multibillion pound stake in GSK: Report

Shares in GSK erased losses and traded more than 7% higher

Coronavirus curbs in India disrupt supply chains, stoke economy worries

Small businesses are also worried that as workers may return to their villages as cases rise and job prospects worsen.

Bank of America profit more than doubles on reserve release boost

The second-largest U.S. bank by assets unlocked $2.7 billion from its reserves

PepsiCo bets on higher soda sales in second qtr as restaurants reopen

PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter

India's 10-year yield spikes as RBI bond-purchase results disappoint

RBI purchased Rs 25,000 cr worth of bonds under G-SAP or government securities acquisition programme, under which it has committed to buying Rs 1 trn worth govt paper between April and June

BlackRock quarterly profit jumps as assets rise over $9 trillion

This compares to assets of $6.47 trillion a year earlier.

World stocks stay high, Russia's rouble buckles under sanctions stress

The U.S. dollar was at a four-week low ahead of March retail sales data

Cryptocurrency exchange Coinbase jumps 11% day after Nasdaq debut

The firm had a high-profile debut on the Nasdaq

Asian shares slip dragged down by Chinese stocks, dollar at one-month lows

Futures for Eurostoxx 50 and Germany's DAX started in negative territory

Food delivery firm Deliveroo's orders more than doubled in first quarter

This is its first trading update since its highly-anticipated listing in London last month flopped

TSMC books 19% Q1 profit growth; says chip shortage likely last into 2022

The firm said it is doing all it can to increase productivity and alleviate a worldwide chip shortage

Oil prices register one-month highs as IEA and OPEC raise forecasts

Global oil demand and supply are set to be rebalanced in the second half of this year

BOJ's Kuroda warns of lingering Covid pandemic pain for economy

The world's third-largest economy is seeing a resurgence in COVID-19 infections

China's Tencent Holdings plans to raise $4 bn in bond deal: Details here

Tencent raised $6 billion in May last year and issued 40-year debt for the first time

Ford details new production cuts due to global chip shortage: Details here

Ford said in March it expected the semiconductor shortage to cost between $1 billion and $2.5 billion