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Bitcoin emergence as 'digital gold' could lift price to $146,000: JPMorgan

"Bitcoin's competition with gold has already started in our mind," the Wall Street bank's strategists said in a note

Huawei to pack less of a punch this year after bruising 2020: Analysts

China's leading telecommunications equipment maker found itself on a US trade blacklist in May 2019 due to national security concerns. Huawei has repeatedly denied it is a risk

US imposes fresh sanctions on Iran as Donald Trump's term nears end

The US blacklisted 12 Iranian steel and metals makers and three foreign-based sales agents of an Iranian metals and mining holding company, seeking to deprive Iran of revenues

Trump administration readies oil bidding in Arctic wildlife refuge Alaska

Trump administration will open bidding on drilling leases in Arctic wildlife refuge in Alaska despite tepid interest from the oil and gas industry and a pledge from Biden to protect the region

Oil hits 11-month high after Saudi Arabia pledges voluntary output cut

Oil prices rose on Wednesday to highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers

Traders accelerate oil sales from floating storage to meet Asia demand

Traders have accelerated crude oil sales from floating storage in December to meet higher demand in Asia as the region's refineries throttled up for peak winter consumption, trade sources said

Services sector loses steam, December PMI falls to 52.3 from 53.7 in Nov

Growth in India's dominant services industry continued to lose momentum in December as a resurgence in coronavirus infections weighed on new business and employment

Singing star Akon enters Congo mining sector in JV with state company

A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a state miner

Gold eases as dollar gains on 'knife-edge' Georgia runoffs outcomes

Gold edged lower as the dollar firmed with investors tracking two closely contested US Senate runoff races in Georgia that will likely determine President-elect Biden administration's fiscal policy

Increased new-car demand during Covid has US industry optimistic about 2021

Increased demand for new vehicles during the Covid-19 pandemic helped General Motors and other automakers report strong fourth-quarter US sales on Tuesday

China's services sector expands at a slower pace in December: PMI

China's services sector activity expanded at a slower pace in December, a private sector survey showed on Wednesday, as sporadic coronavirus outbreaks tempered the recovery in consumer confidence

Japan service-sector activity declines for 11th month in December: PMI

Activity in Japan's services sector extended its run of declines to the 11th month in December, a private sector survey showed, as a new wave of coronavirus led to a contraction in business conditions

NYSE's U-turn on China telecom delistings may reverse again, amid confusion

NYSE is reconsidering to allow three Chinese telecom giants to remain listed, the latest twist amid confusion over rules set by the Trump administration and tension within Washington on China policy

Brent oil rises to highest since February after Saudi Arabia output cut

Brent oil prices rose to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers

Prada to post 2020 operating profit after strong second-half sales rebound

Italian fashion group Prada said it would close 2020 with an operating profit despite the hit from the coronavirus, after revenues and profitability improved markedly in the second half of the year

Alibaba plans to raise at least $5 bn via dollar bond this month: Report

Chinese e-commerce leader Alibaba Group Holding plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month, four people with direct knowledge of the matter said

Warburg Pincus puts $100 million in Indian consumer electronics firm boAt

US private equity firm Warburg Pincus has invested about $100 million in India's boAt, the consumer electronics firm said on Wednesday

Iran vows to give a "decisive response" to any Israeli move against it

Iran said it would deliver a "decisive response" to any Israeli move against it, after PM Netanyahu said Israel would not allow Tehran to develop nuclear weapons

Saudi pledges voluntary oil output cuts in Feb-March as part of OPEC+ deal

Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady

With Senate and Biden's agenda at stake, Georgians vote in runoff elections

Republican senators David Perdue and Kelly Loeffler faced Democratic challengers Jon Ossoff, a documentary filmmaker, and the Reverend Raphael Warnock, a pastor at a Black church in Atlanta