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Johnson & Johnson's one-shot Covid-19 vaccine effective, safe: FDA staff

This paves the way for the vaccine's approval for emergency use

Economic pain from Covid upends lives of restaurant owners, entertainers

Economic pain from pandemic upends the lives of restaurant owners, entertainers

Goldman Sachs-backed ReNew Power to go public in US via $8-bn SPAC deal

The deal will be financed with cash proceeds of $1.2 bn, including $855 mn in investments from serial blank-check dealmaker Chamath Palihapitiya

FAA orders inspections of some Boeing 777 engines after United fire

The National Transportation Safety Board said on Monday that a cracked fan blade from the United Flight 328 engine that caught fire was consistent with metal fatigue

Indian retail investors dabble in stocks directly, ditching mutual funds

The aversion towards mutual funds is also due to their higher management fees and low returns

Gold holds tight range on investor caution over Powell remarks

Rising yields tend to hurt bullion's appeal as an inflation hedge since they increase the opportunity cost of holding the metal

Biden rushes to address global computer chip shortage via executive order

The chip scarcity has quickly grown into a major headache for the White House

RBI chief asks markets for trust, as bonds suffer post-budget sell-off

The benchmark 10-year bond yield, at 6.17%, was up 22 basis points since its low last week

Suzuki Motor's 91-year old chairman is retiring: Report

The firm's chairman, Osamu Suzuki, is retiring, the Nikkei newspaper reported on Wednesday

National Stock Exchange halts intra day trading due to technical glitch

The country's other major stock exchange BSE, however, said it continues to have normal trading in all segments

Huawei revenue in 2020 ticks up despite US sanctions, chairman says

The company was put on an export blacklist by former US President Donald Trump in 2019 and barred from accessing critical technology of US origin

Hyundai Motor to recall Kona EV and other electric vehicles in South Korea

"Hyundai Motor has decided to replace the battery cells of its three electric vehicle models," the Korea Times reported

AstraZeneca to miss second-quarter EU vaccine supply target by half: Report

AstraZeneca's contract with the EU, which was leaked last week, showed the company had committed to delivering 180 million doses to the 27-nation bloc in the second quarter

Samsung SDI to invest $849 million to expand EV battery plant in Hungary

Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungary plant in 2018, producing batteries for 50,000 EVs a year

Gold gains as Fed Chair Jerome Powell defend loose monetary policy

Spot gold rose 0.2% to $1,809.17 per ounce by 0111 GMT, having hit its highest since Feb. 16 at $1,815.63 on Tuesday. U.S. gold futures gained 0.1% to $1,807.30

Asian stocks open lower on rising interest rates, inflation fears

The tech-heavy Nasdaq index closed down 0.5% as investors sold the big tech stocks that have driven the market rally since last March

Investors jolted by sinking Bitcoin, Tesla and other market favorites

Investors focused on environmental, social and governance (ESG) factors may also have cause for concern

Senators revive bill to combat Chinese censorship of US companies

The bill is co-sponsored by Republicans Marco Rubio and John Cornyn, as well as Democrat Elizabeth Warren. A similar bill was introduced in 2019, but stalled

GameStop finance head to step down as company shifts into tech-driven sale

GameStop said Bell's resignation was not due to any disagreement with the company relating to its operations, including accounting principles and practices

Venezuela ships jet fuel to Iran in exchange for gasoline: Report

By Deisy Buitrago and Marianna Parraga