Page 1196 - Reuters/workspace/business Standard Web/video

How rich is Saudi Arabia? Kingdom does the math in balance sheet overhaul

Despite Saudi's oil wealth, creating enough jobs for the kingdom's young population is a challenge

Bitcoin tumbles 17% as doubts grow over starry valuations

The world's biggest cryptocurrency suffered its biggest daily drop in a month

Powell says Fed will not commit to any decision on dividend restrictions

"We have not decided what to do there yet and we're actually looking into that right now," Powell said during a hearing before the Senate Banking Committee

Thomson Reuters Corp fourth-quarter revenue, adjusted earnings rise

The news and information company, which owns Reuters News, said revenues rose 2% to $1.62 billion, while its operating profit jumped more than 300% to $956 million

Medtronic beats Q3 profit estimates on strong demand for ventilators

The world's largest standalone medical device maker said it would not provide a forecast for 2021 due to uncertainties surrounding the Covid-19 pandemic

EU Commission tells 6 countries to ease unilateral Covid-19 border curbs

The EU executive's Justice Commissioner, Didier Reynders, said it had given Belgium, Denmark, Finland, Germany, Hungary and Sweden 10 days to justify curbs he said had "gone too far"

China's Tuhu plans US IPO this year after $400 million fundraising

Investment banks have been pitching to the company in recent weeks for the potential IPO, said five people

Spirit AeroSystems posts quarterly loss on pandemic, 737 MAX pain

"2020 was one of the most challenging years in aviation history. For Spirit, the 737 MAX grounding and the COVID-19 pandemic created a dual-crisis," Spirit Chief Executive Officer Tom Gentile said

Macy's forecasts upbeat 2021 sales on stimulus checks, online shoppers

The upbeat outlook from the US retailer follows better-than-expected sales in the holiday quarter as stimulus checks and strong online demand eased the blow from the health crisis

Jetmakers to lose orders in Norwegian restructuring, says report

Norwegian last year won protection from bankruptcy in both Norway and Ireland, where most of its assets are registered, and is aiming to emerge with fewer aircraft and less debt

Marriott International names Tony Capuano chief executive officer

Capuno joined Marriott in 1995 and was in charge of the company's US and Canada lodging business.

Brazil approves Pfizer's coronavirus vaccine, but has none to use

It is the first coronavirus shot to receive full approval in Brazil, regulator Anvisa said. Vaccines developed by AstraZeneca and China's Sinovac Biotech Ltd, have only been approved for emergency use

Thomson Reuters reshapes corporate structure for post-pandemic world

The news and information group said it would invest $500 million to $600 million over two years to make the transition from a content provider to a content-driven technology company

Wall Street opens lower ahead of Fed Chairman Jerome Powell's speech

Wall Street's main indexes opened lower on Tuesday as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress

Top banks asked to justify why they still clear euro swaps in London

Banks are being asked to say which types of the derivatives they clear in Britain they would consider "the easiest to clear" at an EU clearer instead, a sign of a potentially targeted approach

To end reliance on China, Indian pharma firms go local for raw materials

Though India is known as the pharmacy of the world for its massive production capacities of both generic drugs and vaccines, China accounted for half of its API needs in 2019

Shares of Elon Musk's Tesla in the red for 2021 as bitcoin sell-off weighs

Bitcoin has also swung into a bear market, falling from a peak of $58,354 on Feb. 21

Indian pharma firms go local seeking to end reliance on China

Disruption to supplies from China due to the Covid-19 pandemic was also a major factor

Hyundai unveils Ioniq 5 electric crossover, expects EV demand jump

The company says the model is based on a new electric vehicle-only platform that uses its own battery module technology and requires fewer components than Hyundai's existing electric cars

Holiday-Inn owner IHG loses $153 mn, scraps dividend as crisis hits travel

The company, whose brands include the Crowne Plaza, Regent and Hualuxe hotel chains, said 2020 was the most challenging year in its history as it reported a 52.5 per cent drop in revenue