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RIO DE JANEIRO: A fifth board member at Brazil’s Petrobras will step down, the company said as of yesterday, and the state-run oil producer’s shares tumbled more than 3% as management turmoil showed no signs of abating
TAIPEI (Reuters) - Singapore's sovereign wealth fund GIC sold Taiwan stocks last week, cashing in on the island's booming bourse, three sources with direct knowledge of the situation told Reuters.
SYDNEY: Australia’s economy expanded at a much faster-than-expected pace in the final quarter of last year and all signs are that 2021 has started on a firm footing too helped by massive monetary and fiscal stimulus.
BEIJING: Although passenger trips dropped in January amid effective measures to contain Covid-19, China’s transport sector has seen a good start to the year, with a huge growth in investment and freight volume compared with last year, posting double-digit growth over 2019, the Ministry of Transport said.
NEW YORK: The Nasdaq recovered as the bond rout retreated on Friday, but most other equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation alive
PETALING JAYA: Cahya Mata Sarawak Bhd (CMSB) is expected to see higher earnings growth, driven by its commodity and stock trading subsidiaries.
NEW YORK: When McDonald's Corp rolls out its new crispy chicken sandwich line on Feb. 24, it will swap out a higher-priced premium chicken sandwich from its menu, the company confirmed to Reuters.
MICHIGAN: Rivian Automotive Inc, the electric-vehicle startup backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about US$50bil and perhaps more, according to people familiar with the matter.