Page 1235 - Reuters/workspace/business Standard Web/video

Credit Suisse to slide into red as it sets aside $850 mn for US litigation

MBIA sued Credit Suisse in 2009 over hundreds of millions of dollars it paid out to compensate investors after thousands of mortgages failed

Chinese telcos lose $5.6 billion in value as index providers drop them

Goldman Sachs estimated some $77.5 billion in China offshore bonds could face restrictions

Hyundai says in early talks with Apple after electric vehicle tieup report

Hyundai and Apple already work together on CarPlay, Apple's software for connecting iPhones to vehicles from a variety of automakers

HMEL to shut Bathinda refinery for 40 days from end-January: Report

India's HPCL-Mittal Energy Ltd, part owned by steel tycoon L N Mittal, will shut its 226,000 bpd Bathinda refinery in Punjab for about 40 days from end-January for maintenance, two sources said

Credit Suisse forecasts 4th-quarter loss on higher provisions for US case

Credit Suisse on Friday said it expects to book a net loss for its fourth quarter after increasing its provisions for a long-running dispute in the United States by $850 million

Raging Covid cases expected to have restrained US labour market in December

The US economy likely created fewest jobs in seven months in December or even shed workers as the country buckled under onslaught of Covid, marking the start of what is expected to be a bleak winter

India's retail inflation in Dec likely fell to within RBI target: Report

India's retail inflation likely fell sharply in December, landing within the Reserve Bank of India's target range, due to a significant drop in vegetable and food prices, a report said

Asian stocks hit fresh records on hopes for global recovery later in 2021

Asian shares rose to record highs on Friday as investors looked beyond rising coronavirus cases and political unrest in the US to focus on hopes for an economic recovery later in the year

Gold prices inch lower as stronger US dollar, higher yields weigh

Gold inched lower on Friday as the US dollar and Treasury yields firmed, although hopes for additional stimulus in the world's largest economy kept bullion on course for a second straight weekly gain

Bitcoin price slides more than 5% after topping $40,000 for first time

The world's most popular digital currency slid to as low as $36,618.36 on Bitstamp exchange, after reaching an all-time high of $40,402.46 in the previous session

Hyundai Motor says it is in early talks with Apple, shares surge 24%

Hyundai Motor said it in was in early discussions with Apple after Korea it was reported that the two were in talks to cooperate on electric cars and batteries, sending Hyundai's shares surging 24%

MSCI says will delete three China telecom companies from its global indexes

Global index publisher said it will delete China Mobile, China Telecom and China Unicom Hong Kong from its global indexes

No diplomatic ties to Qatar yet, but trade, travel resuming, says UAE

Arab states boycotting Qatar could resume travel and trade links with Doha within a week under a US-backed deal, but restoring diplomatic ties requires more time as parties work to rebuild trust

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil

Oil prices settled higher, hitting 11-month peaks, as markets remained focused on Saudi's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the US

Explained: How security failures enabled Trump mob to storm US Capitol

Lawmakers inside the building blamed a lack of preparation for the historic security breach

Trump administration expected to mull expansion of China investment ban

The order has spurred confusion among investors and firms seeking to comply

Oil hits 11-month high on Saudi cuts, shrugs off US Capitol unrest

Brent crude rose 18 cents to $54.48 a barrel by 1:32 p.m. EST (1832 GMT) after touching $54.90, a high not seen since before the first Covid-19 lockdowns in the West

Transportation secretary Elaine Chao resigns after US Capitol violence

Chao, the wife of Senate Majority Leader Mitch McConnell, said the mob attack "has deeply troubled me in a way that I simply cannot set aside." She said her resignation will take effect on Monday

Wall St at record high as Democrats take control of Senate; Dow up 200 pts

Rate-sensitive bank shares gained 3.2%, tracking a surge in the benchmark 10-year U.S. Treasury yield.

South Africa says to get 1.5 million vaccines from Serum Institute of India

A million jabs to be delivered in January and the remainder the following month