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US private equity fund Lone Star lays off majority of Asia staff: Sources

Texas-based private equity firm Lone Star Funds has laid off most of its investment team in Asia outside Japan in a major retreat from the region

Oil prices keep overnight gains as demand hopes offset US stock build

Oil prices held on to most of their gains from the previous session on Thursday, as signs of stronger demand helped offset an unexpected rise in US inventories

Australian regulator to probe Amazon.com, eBay and other online markets

The Australian antitrust regulator on Thursday kicked off an inquiry into local units of Amazon.com Inc, eBay Inc and other online markets to ensure fairness in a sector where sales have soared

US state officials urge support for landmark $26 billion opioid settlement

Under the settlement proposal, McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp- are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion

Oil surges 4% amid better risk appetite despite weak demand outlook

Brent crude futures had gained $2.53, or 3.65 per cent, to $71.88 a barrel by 18.41 pm IST

EU rejects UK demand for new post-Brexit deal on Northern Ireland

The Northern Ireland protocol was part of the settlement, backed by Johnson, that finally sealed Britain's bitter divorce from the bloc, four years after British voters backed leaving in a referendum.

Israel sets up team of ministers to examine NSO spyware allegations: Report

The team is headed by Israel's National Security Council, which answers to Prime Minister Naftali Bennett and has broader areas of expertise than the Defence Ministry

IMF to keep 2021 global growth forecast at 6%: Managing Director

Georgieva, speaking at an online event sponsored by the Peterson Institute for International Economics, said that economic recovery will be held back unless the pace of Covid-19 vaccination picks up

Infosys reopens offices as India Inc eyes long road back to work

The Bengaluru-based IT services company stopped short of calling all employees back to work, reflecting wider caution across the sector

Wall Street rises on upbeat earnings, recovery optimism; Dow up 260 pts

Coca-Cola Co rose 1.9% after boosting its full-year sales forecast, while Verizon Communications Inc added 1.1% after it beat estimates for quarterly results

Global chip shortage will easily drag into 2022 - Stellantis CEO

Some carmakers have adapted to the chip shortage by dropping features from their models

SoftBank's robotics ambitions short circuit as Pepper loses power

SoftBank will end sales of new Pepper units in 2023 at the latest as those parts become obsolete: report

Chile's Codelco plans India, SE Asia push to trim reliance on China

The firm will open a new office in Singapore to help lead the push around the region to deal with clients in Vietnam, Malaysia and Thailand, among others

Gold prices fall 1-week low on firm US dollar, rebounding treasury yields

The U.S. dollar traded close to its highest since the start of the year, making gold more expensive for holders in other currencies.

Harley Davidson's turnaround plan gains traction, shows signs of progress

The 118-year-old American brand, which has been steadily losing U.S. market share amid declining retail sales for six years, has shifted focus back to big bikes

Verizon results beat estimates as 5G push attracts more customers

Verizon added 275,000 postpaid phone subscribers in the second quarter, above FactSet estimates of 174,800, as the reopening of its stores also helped drive subscriber growth.

Central banks will accelerate rise of China's yuan, global survey shows

The Global Public Investor survey, published annually by the London-based OMFIF think tank, showed 30% of central banks plan to increase yuan holdings over the next 12-24 months

Warning signs for global recovery as Delta variant dims outlook

Coinciding with a resurgence in the Delta variant of COVID-19, markets may be sending alarm signals about the global economic outlook,

Apple to upgrade budget handset to 5G, drop iPhone Mini from 2022 lineup

Apple Inc's cheapest handset will support 5G technology in its next iteration and its iPhone Mini will not be included in its 2022 lineup, Nikkei reported

Coca-Cola raises revenue forecast as demand rebounds on reopening boost

Coca-Cola Co raised its full-year sales and profit forecasts on Wednesday, as demand bounces back from pandemic lows for its beverages following the re-opening of theaters, restaurants and stadiums.