Warren Buffett says US economy’s unexpected strength benefits Berkshire

Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a US economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash.
2 May 2021, 18:00 PM

Profit-taking hits US stocks, recession hobbles Europe

US markets were hit by a bout of profit-taking on Friday, while in Europe data confirming the eurozone is back in recession dampened investor enthusiasm.
2 May 2021, 18:00 PM

US oil giants return to profitability in Q1

After a string of losses, ExxonMobil and Chevron on Friday both reported a return to profitability in the first quarter, bolstered by a significant jump in oil prices.
2 May 2021, 18:00 PM

Apple moving forward on app privacy, despite pushback

An update to the software powering some billion iPhones around the world kicks in Monday with an enhanced privacy feature critics fear will roil the internet advertising world.
25 April 2021, 18:00 PM

US tax talk rattles stock markets

Reports that the Biden administration will seek to nearly double the capital gains tax hit market sentiment on Friday, distracting investors from positive economic news.
25 April 2021, 18:00 PM

India in talks with Guyana for long-term crude supply

India, the world’s third-largest crude consumer and importer, has approached Guyana’s government about a possible long-term deal to buy the South American country’s oil, a Guyanese official said.
25 April 2021, 18:00 PM

Qatar Petroleum plans debut dollar public bond sale

Qatar Petroleum (QP) is planning its first ever US dollar-denominated public international bond sale, two sources said, the latest Gulf energy giant to tap debt markets in an age of lower energy prices.
25 April 2021, 18:00 PM

Qatar Petroleum plans debut dollar public bond sale

Qatar Petroleum (QP) is planning its first ever US dollar-denominated public international bond sale, two sources said, the latest Gulf energy giant to tap debt markets in an age of lower energy prices.
25 April 2021, 18:00 PM

New bloodletting hits Spanish banking sector

In Spain where bank tellers were once legion, the sector is again reeling from thousands more job cuts as a 10-year trend gathers pace due to the ongoing pandemic.
25 April 2021, 18:00 PM

Saudi Arabia sees over $200b in savings from energy reforms plan

Saudi Arabia could save over $200b over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut costs to fund investments.
25 April 2021, 18:00 PM

Computer chip shortage may leave auto sector idling

What was initially downplayed as a brief hiccup in the supply of semiconductors looks more and more like a shortage that may last throughout the year in what would be a big blow to automakers.
25 April 2021, 18:00 PM

US manufacturing, new homes sales underscore booming economy

US factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand, which could slow momentum in the months ahead.
24 April 2021, 18:00 PM

Amazon and Nestle join public-private plan to save world’s forests

The United States, Norway and Britain joined forces with companies including Amazon and Nestle on Thursday to launch a project aimed at protecting the world’s tropical forests.
24 April 2021, 18:00 PM

UK retail sales surge before lockdown easing, borrowing leaps, too

British retail sales jumped last month before a partial lifting of coronavirus restrictions, suggesting an economic rebound is under way, but official data also showed record peacetime government borrowing.
24 April 2021, 18:00 PM

Dollar falls as yields languish, euro gets extra late-day lift

The dollar fell against major currencies on Friday as US yields languished and the euro got an extra late-day lift following a earlier boost from an upbeat survey of purchasing managers.
24 April 2021, 18:00 PM

Oil edges higher as recovery support countered by Asia virus surge

Oil settled higher on Friday, supported by bullish economic data from US and Europe, though a rise in coronavirus cases in India was still pressuring prices.
24 April 2021, 18:00 PM

Germany set to upgrade 2021 growth forecast: minister

The German government is set to upgrade its growth forecast for this year as industry holds up well to the economic fallout from the coronavirus pandemic, Economy Minister Peter Altmaier said Saturday.
24 April 2021, 18:00 PM

Bitcoin tumbles below $50,000, other cryptos sink over Biden tax plans

Bitcoin and other cryptocurrencies posted sharp losses on Friday, on concern that US President Joe Biden’s plan to raise capital gains taxes will curb investments in digital assets.
24 April 2021, 18:00 PM

Wall Street shrugs off tax talk, Europe sputters

Wall Street rebounded Friday from earlier losses on reports that US President Joe Biden will seek a huge tax hike, but Europe remained on the back foot despite bright economic data.
24 April 2021, 18:00 PM

Saudi Arabia to stop fresh food imports from Lebanon over drugs

Saudi Arabia announced Friday the suspension of fruit and vegetable imports from Lebanon, saying shipments were being used for drug smuggling and accusing Beirut of inaction.
24 April 2021, 18:00 PM