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Traders accelerate oil sales from floating storage to meet Asia demand

Traders have accelerated crude oil sales from floating storage in December to meet higher demand in Asia as the region's refineries throttled up for peak winter consumption, trade sources said

Services sector loses steam, December PMI falls to 52.3 from 53.7 in Nov

Growth in India's dominant services industry continued to lose momentum in December as a resurgence in coronavirus infections weighed on new business and employment

Singing star Akon enters Congo mining sector in JV with state company

A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a state miner

Gold eases as dollar gains on 'knife-edge' Georgia runoffs outcomes

Gold edged lower as the dollar firmed with investors tracking two closely contested US Senate runoff races in Georgia that will likely determine President-elect Biden administration's fiscal policy

Increased new-car demand during Covid has US industry optimistic about 2021

Increased demand for new vehicles during the Covid-19 pandemic helped General Motors and other automakers report strong fourth-quarter US sales on Tuesday

China's services sector expands at a slower pace in December: PMI

China's services sector activity expanded at a slower pace in December, a private sector survey showed on Wednesday, as sporadic coronavirus outbreaks tempered the recovery in consumer confidence

Japan service-sector activity declines for 11th month in December: PMI

Activity in Japan's services sector extended its run of declines to the 11th month in December, a private sector survey showed, as a new wave of coronavirus led to a contraction in business conditions

NYSE's U-turn on China telecom delistings may reverse again, amid confusion

NYSE is reconsidering to allow three Chinese telecom giants to remain listed, the latest twist amid confusion over rules set by the Trump administration and tension within Washington on China policy

Brent oil rises to highest since February after Saudi Arabia output cut

Brent oil prices rose to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers

Prada to post 2020 operating profit after strong second-half sales rebound

Italian fashion group Prada said it would close 2020 with an operating profit despite the hit from the coronavirus, after revenues and profitability improved markedly in the second half of the year

Alibaba plans to raise at least $5 bn via dollar bond this month: Report

Chinese e-commerce leader Alibaba Group Holding plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month, four people with direct knowledge of the matter said

Warburg Pincus puts $100 million in Indian consumer electronics firm boAt

US private equity firm Warburg Pincus has invested about $100 million in India's boAt, the consumer electronics firm said on Wednesday

Iran vows to give a "decisive response" to any Israeli move against it

Iran said it would deliver a "decisive response" to any Israeli move against it, after PM Netanyahu said Israel would not allow Tehran to develop nuclear weapons

Saudi pledges voluntary oil output cuts in Feb-March as part of OPEC+ deal

Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady

With Senate and Biden's agenda at stake, Georgians vote in runoff elections

Republican senators David Perdue and Kelly Loeffler faced Democratic challengers Jon Ossoff, a documentary filmmaker, and the Reverend Raphael Warnock, a pastor at a Black church in Atlanta

In sudden u-turn, NYSE scraps plan to delist three Chinese telecom firms

Hong Kong-traded shares in the state-backed firms, China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd, surged following the news

UK PM Johnson cancels India visit, citing need to oversee virus response

This comes amid a surge in cases in the UK due to the rapid spread of the mutant coronavirus strain

Gold hits two-month peak as investors brace for US Senate runoffs

Spot gold was up 0.12 per cent to $1,946.52 per ounce by 9.16 pm IST, after hitting its highest since November 9 at $1,947.96

China doubles down on Covid-19 narrative as WHO investigation looms

China has dismissed criticism of its early handling of the coronavirus, first identified in the city of Wuhan at the end of 2019

Japan's state of emergency seen triggering Q1 economic contraction

By Leika Kihara