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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.
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.
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.
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.
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.
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.
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.