Jet engine maker Rolls-Royce cuts 2021 forecasts on travel slump

LONDON: Britain's Rolls-Royce downgraded expectations for how much its engines would fly this year and warned of a big cash outflow, blaming extra travel restrictions aimed at stopping the spread of new COVID-19 variants.

Oil price rises 1% on U.S. stimulus hopes, supply concerns

NEW YORK: Oil prices rose about 1% on Monday as optimism around U.S. stimulus plans and some supply concerns boosted futures, but demand worries prompted by coronavirus lockdowns limited gains.

Marginal growth for residential market

Budget 2021 initiatives and HOC to spur demand

Chip sector profit to rise 39%

Electric vehicles to overtake gas guzzlers in India by 2030

MUMBAI: Electric-vehicle (EV) sales should overtake gas guzzlers in India by the end of the decade as prices become more aligned and infrastructure and technology improves, hopefully with help from the government, according to Mahindra & Mahindra Ltd, one of the country’s biggest automakers.

Market awaits fresh order book guidance

Analysts expect Serba to obtain additional contracts

Insight - BP’s oil exploration team swept aside

LONDON: Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil.

Trading ideas: Toyo Ventures, DNeX, PLS Plantations, SC Estate, FGV

KUALA LUMPUR: Stocks to watch on Monday include Toyo Ventures Holdings Bhd, Dagang Nexchange Bhd (DNeX), PLS Plantations Bhd, SC Estate Builder Bhd and FGV Holdings Bhd, according to JF Apex Research.

Vietnam's Communist Party meets to pick new leadership, bolster economic policies

HANOI: Vietnam's ruling Communist Party gathers for its first national congress since 2016 later on Monday with a mission to select new leaders and shape policy for the next five years.

China’s non-financial ODI in BRI nations up 18.3%

BEIJING: China’s non-financial outbound direct investment (ODI) in 58 countries participating in the Belt and Road Initiative (BRI) rose 18.3% to US$17.79bil in 2020 despite the 0.4% fall in the overall non-financial ODI to US$110.15bil, the Ministry of Commerce said.