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Ford to switch to all-electric car range in Europe by 2030

The carmaker said it will invest $1 billion to convert its vehicle assembly plant in Cologne, Germany, to become the US automaker's first electric vehicle facility in Europe

Rising US Treasury yields cool down rally in global stock markets

The gap between 10-year and two-year U.S. yields also reached its widest in nearly three years

Honda Motor to appoint R&D chief Toshihiro Mibe as new CEO: Report

Japan's second-biggest automaker by sales will announce the decision after a board meeting as early as Friday

Rising US yields takes edge off stocks rally, lends support to dollar

Benchmark ten-year U.S. Treasury yields rose as far as 1.3330% in Asia, the highest since February 2020, although they later eased back to 1.2989%

Asian markets offer mixed signals as investors juggle stimulus, pandemic

Dow Jones Industrial Average scored another record closing high on Tuesday, climbing 0.2%. The S&P 500 fell 0.06%, and the Nasdaq Composite fell 0.34%

Stocks edge higher, bonds sell-off as investors bet on economic recovery

Bitcoin added to the bullish mood, briefly climbing above $50,000 for the first time

Kraft Heinz, Conagra may raise product prices as grains, edible oil surge

Other major food companies, including Lipton tea and Hellmann's mayonnaise maker Unilever, have also signaled higher prices due to global commodity inflation

Oil settles near 13-month highs; Texas deep freeze supports

By Laura Sanicola

Stimulus hopes drive Dow to closing peak but interest rate worries loom

By April Joyner

North Korea tried to hack Pfizer to access Covid-19 vaccine data: Seoul

Digital espionage targeting health bodies, vaccine scientists and drugmakers has surged during the Covid-19 pandemic

Gold prices slump 1.7% on rising US Treasury yields while platinum retreats

Spot gold fell 1.1% to $1,798.46 an ounce

UK competition watchdog voices concern over $9.2 billion eBay-Adevinta deal

The $9.2 billion deal announced in July would create the world's largest classifieds group, but Adevinta and eBay must first resolve the Competition and Markets Authority's concerns (CMA) to proceed w

Cyclicals shine as Wall Street scales new peak on stimulus, recovery bets

By Devik Jain

General Electric expects negative cash flow in Q1 2021 - CEO Larry Culp

Culp said the first three months of the year tends to be the industrial conglomerate's "softest" quarter

Goldman Sachs unveils Marcus Invest robo-adviser in consumer push

Consumers can open an account with Marcus Invest with a minimum of $1,000 and will be charged an annual fee of 0.35%, the bank said

South Africa's Renergen to start making ultra-cold Covid vaccine storage

South African natural gas and helium producer Renergen will start production of its helium powered ultra-cold mobile freezer in the next few days

PolyPeptide Group names new CEO before likely Swiss IPO during 2021

Raymond De Vre, a Belgian who previously worked at Indian contract manufacturer Dr. Reddy's Laboratories as global head of biologics, will join PolyPeptide Group as CEO-elect in April

Citigroup can't recoup Revlon payouts after nearly $900 mn gaffe: US judge

The case stemmed from an incident where Citigroup, acting as Revlon's loan agent, wired $893 million to Revlon's lenders, appearing to pay off a loan not due until 2023

Oil prices close to 13-month highs, supported by Texas cold snap

Benchmark Brent crude slipped 37 cents

Sportswear maker Adidas plans to sell struggling Reebok brand

The move comes 15 years after Adibas bought the US fitness label to help compete with arch-rival Nike Inc