Page 1208 - Reuters/workspace/business Standard Web/video

Nintendo hikes Switch sales forecast after bumper year-end

The Kyoto-based firm said it sold 24.1 million hardware units in the first nine months of the financial year through March 2021 - more than its previous full-year forecast

India slashes basic import duty on crude palm oil to 15% from 27.5%

India cut the basic import duty on crude palm oil (CPO) to 15% from 27.5% earlier, Finance Minister Nirmala Sitharaman said on Monday

Gold, Silver to get cheaper as FM announces customs duty cut in Budget

Gold futures fell more than 3% following the surprise announcement in the annual budget by Sitharaman

Budget 2021: FM Sitharaman proposes doubling of healthcare spending

India, which has the world's second highest coronavirus caseload after the United States, and currently spends about 1 per cent of gross domestic product on health

India's Jan factory activity at 3-mth high, manufacturing PMI rises to 57.7

The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, rose to 57.7 in January from December's 56.4, above the 50-level separating growth from contraction for 6th straight month

All eyes on Myanmar army chief Min Aung Hlaing as military seizes power

Myanmar's military is notoriously reclusive and even sophisticated observers know little about its inner workings

As Google eyes Australia exit, Microsoft looks to make inroads with Bing

Australia has introduced laws that would force Google and Facebook Inc to negotiate payments to domestic media outlets whose content links drive traffic to their platforms

Oil treads warily higher amid patchy vaccine rollouts, new Covid variant

Oil prices edged higher after a weak start, holding on to the past three months of gains, although patchy vaccine rollouts, new infections and the discovery of new variants are keeping a lid on prices

Hedge fund at centre of GameStop fiasco ends month with $8 bn in assets

Melvin Capital, the hedge fund at the center of the GameStop drama, lost 53 per cent in January but received commitments for fresh cash from investors in the last days of the month, a source said

Myanmar leader Suu Kyi, other leaders detained in early-morning raid

The move came after days of escalating tension between the civilian government and the powerful military that stirred fears of a coup in the aftermath of an election the army says was fraudulent

China's Jan factory activity expands at slowest pace in 7 mths: Caixin PMI

The slowdown in the manufacturing sector underscores the fragility of the ongoing economic recovery in China, as Beijing grapples with a resurgence of local Covid-19 cases in northern China

Asian shares slip for 5th straight session, silver gets retail boost

Indeed, a survey from China on Sunday showed factory activity grew at the slowest pace in five months in January as restrictions took a toll in some regions

Exxon, Chevron CEOs discussed merger in early 2020, talks no longer active

The CEOs of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest US oil producers in what would have been the biggest merger of all time

After GameStop, Wall Street gears up for second bout against Reddit traders

Some of Wall Street's largest hedge funds are still licking their wounds after retail traders sought to drive up the prices of stocks that were heavily bet against

Budget 2021 aims to revive economy despite limited fiscal headroom

The government is likely to hike import duties on a number of high-end goods in a bid to raise more than 210 billion rupees in revenue

Billionaire Steve Cohen quits Twitter, citing threats in GameStop uproar

The details of Cohen's holdings were not disclosed, so it was unclear if he was a short seller.

UK opens special visa route for Hong Kong residents to become citizens

The UK government forecasts the new visa could attract more than 300,000 people and their dependants to Britain

China's factory recovery slows in January as coronavirus returns

It remained above the 50-point mark that separates growth from contraction on a monthly basis

Britain set to formally apply for trans-Pacific trade bloc membership

Britain will next week formally apply to join a trans-Pacific trading bloc of 11 countries, with negotiations set to start later this year, the government has said.

British government working on Covid recovery plan for economy: Report

Britain's government is working on a recovery plan for the country's Covid-battered economy