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ByteDance names head of China news unit as global TikTok R&D chief: Report

US investors, including Oracle Corp and Walmart Inc, have discussed with ByteDance taking a majority stake in TikTok's American operations

StanChart profit dips as Covid inflates bad loans, high credit impairments

Credit impairments last year more than doubled compared with a year earlier to $2.3 billion because of the pandemic

Asian stocks open higher as US Fed's Powell nixes inflation fears

Australia's S&P/ASX 200 rose 0.90% in early trade while Japan's Nikkei 225 added 1.37%. Hong Kong's Hang Seng index futures rose 0.92%

Fed to keep monetary policy easy, stay patient as US economy revives

"We are just being honest about the challenge," Powell told lawmakers when asked about Fed projections that inflation will remain at or below the central bank's 2% target through 2023

Joe Biden to press for funds to boost chip manufacturing amid shortfall

Biden also signed an executive order on Wednesday aimed at addressing the global semiconductor chip shortage that has alarmed the White House and members of Congress, administration officials said

GameStop stock doubles in afternoon up by 60%; even Reddit is surprised

GameStop shares were up 60% after hours at around $146, following a 103% rise during the day's trading

OPEC+ to weigh modest oil output boost at meeting: Report

By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova

Data-focused Powell paves way for era of extended loose Fed policy

By Howard Schneider and Ann Saphir

Gold subdued as US Treasury yields stay elevated

By Brijesh Patel

Ark ups bet on Tesla despite suffering largest one-day outflow on record

By Thyagaraju Adinarayan and David Randall

Oil rises after data shows slump in US output amid Texas freeze

By Stephanie Kelly

Wall Street finish up as Fed's Powell soothes inflation fears

By Gertrude Chavez-Dreyfuss

Global equities rise as US bond yield fears ease

By Herbert Lash

GameStop stock doubles in afternoon; even Reddit is surprised

By David Randall

Chinese court orders man to pay ex-wife $7,700 for 5 years of housework

The judge ruled in her favour, telling the man to pay 50,000 yuan for her labour, according to state television.

Suzuki's 91-year-old chief to retire after longest reign in auto industry

The announcement by Japan's fourth-biggest automaker comes less than a week after rival Honda Motor appointed a new CEO, who said he would consider alliances to make bold decisions.

Nepal PM Oli will not step down despite court defeat, says official

Oli, 69, has begun meeting allies in the Nepal Communist Party (NCP) to review the situation after the court held parliament's abrupt dissolution unconstitutional

IMF chief urges G20 action to reverse global economy's dangerous divergence

IMF Managing Director Kristalina Georgieva said "much stronger international collaboration" was needed to accelerate the rollout of Covid-19 vaccines in poorer countries

India's economy likely returned to growth last quarter, says poll

However, the wide range of forecasts in the latest poll - from a contraction of 4.7% to a 2.6% expansion - underscores the uncertainty.

India expected to harvest record wheat, rice crops this year: Agri ministry

Rice output is estimated to rise by 1.2% to 120.32 million tonnes