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Chinese banks, Australia's Macquarie tiptoe into Asian oil finance void
SINGAPORE: Chinese national banks and Australia's Macquarie Group are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults and fraud allegations.
GameStop stock doubles; even Reddit is surprised
GameStop shares were up 60% after hours at around $146, following a 103% rise during the day's trading. Trading in GameStop was halted several times following a rally that began around 2:30 pm Eastern time Wednesday with no obvious catalyst.
Data-focused Powell paves way for era of extended loose Fed policy
WASHINGTON: Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is clearly improving.
Oil price rises after data shows slump in US output amid Texas freeze
NEW YORK:Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after a deep freeze disrupted production last week
Wall Street finishes up as Fed's Powell soothes inflation fears
NEW YORK: Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries
TM well-positioned to capture 5G connectivity
Company to ensure fast and cost-effective rollout
Geely Auto and Volvo Cars to launch powertrain venture after merger scrapped
BEIJINGÂ (Reuters) - China's Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said.
AEON Malaysia registers RM41.4mil net profit in FY20
KUALA LUMPUR: AEON Co. (M) Bhd reported a drop in fourth quarter earnings as sales suffered due to the Covid-19 restrictions.
DRB-Hicom makes a net profit of RM554mil in FY20
KUALA LUMPURÂ (Bernama) -- DRB-HICOM Bhd posted a net profit of RM554.13 million in the financial year ended Dec 31, 2020 (FY20) on the back of a RM13.16 billion revenue for the year.
