Oil posts fourth straight weekly gain on OPEC outlook that US output growth will slow 20-06-2021 On Friday, both US and UK crude oil futures closed out higher, while both contracts gained more than 1.1 per cent in the week
California’s eBay, Adevinta clear final obstacle in $13 billion advertising tie-up 20-06-2021 On Friday, Adevinta said in a statement that the Oslo-listed company had received a final regulatory approval for its $13-billion tie-up with eBay's global classified ad business
San Jose’s PayPal overhauls US rates as payments competition heats up 19-06-2021 On Friday, Californian payment processing giant PayPal said in a statement that it would abate 'behind-the-seen' processing fees on transactions with Visa and Mastercard debit and credit cards
Berlin’s Thiel-backed psychedelics startup Atai valued at $3.19bn at Nasdaq debut 19-06-2021 Thiel-backed German psychedelics startup, Atai Life Sciences BV, soared as much as 40 per cent at its stellar Nasdaq debut
Mountain View’s Google’s ad-tech business to face formal EU probe by year-end 19-06-2021 EU antitrust regulators have been drawing out a plan to launch a formal probe on Google's ad-tech businesses as early as by end-2022
Wall St. sinks; Dow, S&P post worst week in months as hawkish Fed’s Bullard dinges 19-06-2021 On Friday, all three key indices of Wall St. had curtained the session sharply lower with Dow and S&P 500 posting worst week in months
US labour market healing despite unexpected rise in jobless claims; layoffs fall 19-06-2021 On Thursday, US Labour Department data had unveiled that US initial jobless claims rose unexpectedly last week
Cincinnati's Kroger Co. raises annual profit forecast as grocery investment pays off 18-06-2021 On Thursday, the United States' largest supermarket chain Kroger Co had raised its full-year profit forecast
Aon Plc’s Willis Tower takeover slips into US Justice Dept. cross hair amid lawsuit 18-06-2021 The US Justice Department had filed a lawsuit aimed at preventing UK insurance broker Aon Plc.'s $30 billion acquisition of Willis Towers
Gold plunges over 2% as post-Fed slide accelerates; US Dollar climbs 18-06-2021 On Thursday, spot gold gobbled down as much as 2 per cent in losses, while US gold futures' prices faltered 4.7 per cent
Wall St. ends mixed as hawkish Fed limits S&P 500, Dow; Nasdaq closes higher 18-06-2021 On Thursday, Wall St. ended mixed following an unexpectedly hawkish tone from the US Fed a day earlier with tech-heavy Nasdaq leading the tally of gains
Columbia’s MBA say US mortgage applications rise; 30-yr fixed mortgage falls to 2.96% 17-06-2021 Mortgage Bankers Association said in a statement on Wednesday that US mortgage applications rose last week
Putin dismisses Biden's concern on cyberattacks as Russ-US relation hinges to new low 17-06-2021 On Wednesday, following a much-anticipated Biden-Putin summit, the Russ President had brushed aside Washington's concerns about cyberattacks
Gold slips over 1% after US Fed forecasts rate-rise; Dollar jumps 17-06-2021 On Wednesday, spot gold futures' prices faltered more than 1 per cent after the US Fed had forecasted at least two rate-hikes by end-2023, a year earlier than anticipated
Wall St. totters as Fed projects at least two rate-hikes by end-2023 17-06-2021 On Wednesday, all three key indices of Wall St. had closed out the session sharply lower following a more hawkish than anticipated forecast from the US Federal Reserve
US Fed pulls rate-hike into 2023 as inflation rises, pandemic wanes 17-06-2021 Following a two-day meet of Fed policymakers, US Fed had forecasted at least two rate-hikes by end-2023
US retail sales backpedal as spending pivots to services; factory outputs surge 0.9% 17-06-2021 On Tuesday, US Commerce Department said that US retail sales fell as much as 1.3 per cent in May as US consumers appeared to have equally responded to a higher inflation
Yale scholar, big tech critic, Khan becomes US FTC Chairwoman 16-06-2021 Late on Tuesday, the Biden Administration had appointed a big-tech critic, Lina Khan, 32, as the Chairwoman of US Federal Trade Commission
UK and Australia agree to ‘comprehensive and ambitious’ free trade deal 16-06-2021 On Tuesday, Britain and Australia had secured a free trade treaty which in effect would proffer a much-required lifeline for a barrage of UK businesses being lavishly languished following the Brexit
US, EU rubberstamp truce on 17-year long Airbus-Boeing subsidy conflict 16-06-2021 On Tuesday, US and EU had reached a landmark truce to put an end to their 17-year long dispute over aircraft subsidies
Wall St. ends lower as strong inflation data spooks investors awaiting Fed report 16-06-2021 On Tuesday, a slew of US stock indices closed out the session modestly lower ahead of key US Fed policy decision
Euro zone industrial productions surge; no taper-talk yet, says ECB’s Lagarde 16-06-2021 Euro zone factory activities grew more than anticipated in April, jumping as much as 39.3 per cent on an annualized basis
Montenegro has no plans to offload state property to ease debts, says local newspaper 15-06-2021 A local newspaper had fended off Montenegro's plan to divest state assets to ease Chinese debts
US, Europe near jet subsidy pact to address elusive China competition 15-06-2021 The United States and EU have been closing in a trade treaty to wind up a 17-year long dispute over unfair aids to airline subsidies
Bitcoin tops $40,000 after Musk tweets Tesla could use it again 15-06-2021 On Monday, Bitcoin topped $40,000, hitting a fresh two-week peak, after Elon Musk had tweeted that Tesla Inc. could use Bitcoin as a payment method again
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