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Covid-19 vaccines, fiscal stimulus power US employment; economy blooming

By Lucia Mutikani

US Capitol complex on lockdown after reports motorist rams officers

All roads leading to the complex were blocked by police or police officers.

Train crash kills 51 in Taiwan's deadliest rail tragedy for decades

Many passengers were starting long weekend holiday; some carriages ripped apart in tunnel

Power play: India wields oil 'weapon' to cut dependence on Saudi Arabia

Indian refiners plan to cut imports from the Kingdom by about a quarter in May, sources said, dropping them to 10.8 million barrels from monthly average of 14.7-14.8 million barrels

Tesla Inc posts record deliveries in first quarter, beats estimates

Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as solid demand offset the impact of a global shortage of parts.

US job growth accelerates in March; unemployment rate falls to 6.0%

Economists expect job growth will average at least 700,000 per month in the second and third quarters

Coinbase gets all-clear from SEC, setting stage for landmark crypto listing

The surge in Coinbase's private market valuation illustrates how the perceived value of the company has rallied hand-in-hand with the jump in the price of cryptocurrency bitcoin.

Deadline to adopt new emission norms for coal-fired utilities pushed back

India pushes back deadline for coal utilities to adopt new emission norms

Tencent's Timi gaming studio generated $10 billion in 2020: Report

The $10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case

Japan gathering information on Nomura, MUFG losses linked to US client

Japan is looking into the financial losses incurred by MUFG and Nomura through deals related to an unnamed US client, and will gather and share information on the matter with the Bank of Japan

SoftBank Group-backed Compass valued at $8.22 billion in NYSE debut

Shares of SoftBank Group Corp-backed Compass Inc jumped 18% in their stock market debut on Thursday after being priced at the lower end of the reduced initial public offering (IPO) price range

India's March gold imports surge 471% to a record 160 tonnes: Report

Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% from an all-time high of $2,072 in August 2020

Oil settles up more than $2 despite OPEC+ production cuts

Brent crude settled up $2.12, or 3.4%, to $64.86 a barrel. US oil settled up $2.29, or 3.9%, at $61.45 a barrel.

S&P 500 rides Microsoft, Amazon to record close north of 4,000

Unofficially, the Dow Jones Industrial Average rose 0.53% to end at 33,155.85 points, while the S&P 500 gained 1.19% to 4,020.07.

Amazon uses loopholes to not pay a penny in tax: US President Joe Biden

Unveils $2-trn plan aimed at modernising America's crumbling transport network, creating millions of jobs

Indian growth outlook brightens but Covid-19 casting a shadow: Poll

The March 26-April 1 poll showed economists now expect the economy to grow a record 27.0% this quarter

Future Retail to offer quick online deliveries in bet on e-commerce

Popular online grocery service BigBasket, in which India's Tata Group is seeking to acquire a majority stake, and Amazon both offer quick online deliveries in India.

Ford and Mahindra to end collaboration on all projects in India

Michigan-based Ford entered India 25 years ago, but it has only a 2% share of a market dominated by Suzuki Motor Corp and Hyundai Motor's extensive line-up of mainly low-cost cars

India's March gold imports surge 471% to a record 160 tonnes: Report

India's gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday

India's Oct-Mar sugar output rises 19% to 27.76 MT; exports gain momentum

The country is the world's second-biggest sugar producer and the higher output could weigh on global prices