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China's CIC eyes U.S. investment after fund with Goldman raised $2.5 bn

The fund was launched with the aim of reaping returns from helping the U.S. firms that it invests in to expand their market in China

Japanese Yen near seven-month low, Asian shares fall as bond yields rise

The Japanese yen hit a seven-month low on the dollar on Thursday as hopes that vaccine distribution and more government stimulus will drive the US economy into a solid rebound

India asks OPEC+ to fulfill promise of price stability: Dharmendra Pradhan

Pradhan said at the CERAWeek conference by IHS Markit that India, where fuel demand is recovering to pre-pandemic levels, would like to rely on reasonable and responsible oil prices

Democrats trim parts of Biden's Covid aid bill, Republicans threaten delay

The compromise would mean about 9 million fewer households would get direct payments than did so in the last round of stimulus

New US prez will not undo Trump's interference, Huawei CFO's lawyers say

Lawyers for CFO Meng Wanzhou want her U.S. extradition case dismissed on grounds that Trump's comments soon after her 2018 arrest meant she would not get a fair trial in the United States

Bitcoin rises 5% to $50,942.58 adding $2,426.23 to its previous close

Bitcoin has fallen 12.7% from the year's high of $58,354.14 on Feb. 21

Exxon scales back shale ambitions to focus on low costs, saving dividend

The top U.S. oil producer incurred a historic loss of US$22.4 billion last year and is trying to convince a skeptical Wall Street that it can rebound

Wall Street drops as big tech stocks including Apple, Amazon retreat

Microsoft Corp, Apple Inc and Amazon.com Inc dropped, weighing more than any other stocks on the S&P 500

Global bond rout puts Bank of Japan's yield curve control in spotlight

Some central banks are warming to YCC as they hunt for ways to reflate growth with dwindling policy ammunition

Volkswagen CEO tweets in Elom Musk-style, on market-cap milestone

Herbert Diess, chief executive of VW Group, highlighted the UBS note on Twitter and shared the market capitalisation milestone.

Las Vegas Sands sells Vegas properties for about $6.25 billion

The properties being sold by the casino operator include the Venetian Resort Las Vegas and the Sands Expo and Convention Center.

Britain increases business tax to pay off nation's vast Covid-19 debt

"Even after this change, the United Kingdom will still have the lowest corporation tax rate in the G7," Sunak said

Myanmar cops gun down at least 33 in Tiananmen-like suppression

The security forces resorted to live fire with little warning in several towns and cities, witnesses said

Chinese hackers targeted groups via server software, says Microsoft

In a blog post, Microsoft said the hacking campaign made use of four previously undetected vulnerabilities in different versions of the software

PM Modi, ministers pick 'Made in India' Covid-19 vaccine over AstraZeneca

Many state officials and doctors have refused to take Covaxin before its effectiveness could be proved.

Alphabet-backed Oscar Health valued at $7.09 billion in lackluster debut

The company's shares opened at $36 on the New York Stock Exchange, below its initial public offering (IPO) price of $39 per share

Gold slides to 9-month low as rising bond yields, dollar dim appeal

Progress on the $1.9 trn U.S. stimulus bill has offered little respite, as higher yields have threatened gold's appeal as an inflation hedge by increasing the opportunity cost of holding bullion

Oil prices gain as US fuel stocks drop, OPEC+ considers deal rollover

Oil prices gain as US fuel stocks drop, OPEC+ considers deal rollover

European Union set to warn Aon over its $30 billion Willis buy: Report

EU antitrust regulators are set to warn Aon that its $30 billion bid for Willis Towers Watson to create the world's largest insurance broker may hurt competition

ASML extends sales deal with Chinese chipmaker SMIC to end of 2021

ASML said the agreement began in 2018 and was slated to expire at the end of 2020, but the two companies agreed in February to extend the deal to the end of this year