US-EU metal talks ward off tariff hike fears on American motorcycles, whiskey 18-05-2021 Brussels and Washington said in a joint statement on Monday that the allies and market-oriented economies, would not escalate their disputes over tariffs on US steel and aluminum
Southfield's AlixPartners says chip shortage to cost carmakers $110bn in revenues 17-05-2021 Consultancy firm AlixPartners said in a report later last week that the latest shortage of chips would likely to cost automakers as many $110 billion in revenues this year
San Francisco’s Airbnb bookings jump 52% as vaccination spurs vacation rental demand 17-05-2021 Airbnb Inc. had reported a 52 per cent jump on its first-quarter bookings compared to the same time a year earlier
Gulf bourses end mixed as Abu Dhabi leaps on FAB boost, Dubai retreats 17-05-2021 Major Gulf bourses end mixed in a thin-volume trading session on Sunday
King Dollar crucified as weak data recedes inflation fears; Pound jumps 0.80% 16-05-2021 The US Dollar Index (DXY) measured against a basket of six major currencies tumbled as much as 0.47 per cent to 90.30 on Friday after two straight week of robust run
White House says less than 3% small businesses could face tax hikes under Biden plan 16-05-2021 Late on Friday, White House said in a statement that less than 3 per cent of nearly 30 million US small businesses might face off tax hikes under Biden's latest plan to raise corporate tax to 28%
Oil prices jump as Colonial Pipeline restarts operation; pandemic concerns cap gains 16-05-2021 On Friday, both US WTI and UK crude oil contracts' prices rose more than 2 per cent
Cairn sues Air India to enforce $1.2bn arbitration award on retrospective tax dispute 16-05-2021 Cairn Energy had filed a lawsuit against Air India on Friday in a district Court in the US to enforce a $1.2 billion arbitration award plus interests, which the British energy giant had been awarded on December last year
European stocks climb as energy, retail rise, but end lower for the week 16-05-2021 A basket of major European bourses had closed out Friday's session with solid gains, but clocked weekly declines
Atlanta beverage maker Coca-Cola discontinues energy drink in Norther America 16-05-2021 Coca-Cola Co. said in a statement on Friday that it would no longer continue its energy drink business in Northern America
US retail sales pause, record saving seen backing spending 16-05-2021 US Commerce Department said on Friday that US retail sales stalled in April following a 10.7 per cent jump in March
Bitcoin steadies after Tesla move, US probe, but clocks first weekly drop since Feb. 15-05-2021 On Friday, Bitcoin, the original crypto asset, had reported the steepest weekly decline since late-February
Montreal’s Canadian National beats CP with $33.6bn Kansas City Southern bid 15-05-2021 On Friday, US railway operator Kansas City Southern said that it had agreed to a $33.6 billion cash-and-stock buyout deal from Canadian National Railway Co, ditching out a $25 billion merger deal with Canadian Pacific
Wall St. ends higher, but suffers biggest weekly decline since late-February 15-05-2021 On Friday, all three key indices of Wall St. had rounded off the session sharply higher, but reported their largest weekly plunge since late-February
Bentonville’s Walmart says fully vaccinated employees can go without masks Tuesday 15-05-2021 Late on Friday, Walmart Inc. said in a memo that its fully vaccinated employees could resume work without a face mask from next Tuesday
Foxconn sees Q2 surge after first-quarter profit jumps 45% amid work-from-home boom 15-05-2021 Taiwanese contract electronics manufacturer Foxconn had reported a 45 per cent jump in first-quarter profits on Friday
Hyundai to invest $7.4 billion in the US by 2025 with electric vehicle in focus 15-05-2021 Hyundai, the second-largest family-owned conglomerate in S. Korea, said on Thursday that the company would invest as many as $7.4 billion in the United States by 2025
Mountain View’s Google wins SpaceX cloud deal for Starlink internet service 14-05-2021 Google LLC. said on Thursday that the tech conglomerate had won a SpaceX cloud deal for Starlink internet service
Seattle’s Amazon to hire 75,000 workers, offers $100 for vaccination proof 14-05-2021 On Thursday, Seattle retailer Amazon.com Inc. said in a statement that it would offer an additional $100 for new hires with vaccination proofs
Montreal’s Canadian National to sweeten takeover deal for KCS as bidding war heats up 14-05-2021 Canadian National had been exploring an option to sweeten up its $29.55 cash-and-stock takeover deal for Kansas City Southern
Wall St. rebounds on tech boost after upbeat jobless claims data 14-05-2021 On Thursday, all three key indices of Wall St. had sharply clawed back following three-session long losing run
US weekly jobless claims drop to 14-month low; inflation heats up 14-05-2021 US Labour Department said on Thursday that the number of Americans filing for first-time state unemployment benefits dropped to the lowest level since mid-March 2020
European Union raises full-year growth forecast to 4.3%, keeps borrowing curb on hold 13-05-2021 On Wednesday, the European Union had raised combined full-year growth projection for 19 members of the bloc sharing the common currency euro to 4.3 per cent in 2021 and 4.4 per cent in 2022, well above an earlier projection of 3.8 per cent
Seattle's Amazon wins $303mln court fight in blow to EU competition chief Vestager 13-05-2021 On Wednesday, dealing a fresh blow to EU Competition Commission, Amazon won a $303 million court fight on Luxembourg back taxes
Gold snaps out five-day-long winning run as yields, Dollar gain on US inflation data 13-05-2021 On Wednesday, the safe-haven bullion gold futures fell nearly 1 per cent following reveal of a sharp rise in US Consumer Prices Index last month
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