09 March

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Chinese official says Hong Kong electoral changes will ‘protect’ international role By Reuters

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HONG KONG (Reuters) - Beijing's plans to change Hong Kong's electoral system will protect the city's international role, a senior Chinese official said on Tuesday, as critics decry the move as an end of democratic hopes in the former British colony. Deputy Commissioner of China's Ministry of Foreign Affairs in Hong Kong Song...

09 March

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Tesla loses more than $244 billion in a month as rally fizzles By Reuters

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(Reuters) - Shares of Tesla Inc fell for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $244 billion off the company's market value over the last month. High-flying tech stocks, which powered the market's rebound from the pandemic lows in March last year, have been hit by a one-two punch of rising yields and...

09 March

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Refiners Are Emerging from Deep Freeze and Buying U.S. Oil Again By Bloomberg

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(Bloomberg) -- Physical oil prices in the U.S. are rebounding to levels seen before a deep freeze hit Texas last month, showing fuel-making plants are thirsty for crude again. Seven of 18 refineries affected by the cold blast -- making up over 2 million barrels a day of crude processing capacity -- were operating normally as of Monday. Mars Blend, a regional sour...

09 March

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Facebook tests feature in India to share Instagram reels on its news feed By Reuters

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(Reuters) - Facebook Inc (NASDAQ:FB) said on Monday it was testing a feature on Instagram that allows some content creators in India to share short video clips, known as reels, on their Facebook accounts. In the test, some Indian users who create the 30-second long reels on Instagram will have the...

09 March

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Dow Hits Record High on Swashbuckling Stimulus-Led Rally in Cyclicals By Investing.com

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By Yasin Ebrahim Investing.com – The Dow hit all-time highs on Monday, as investors upped bets on cyclical stocks offsetting a malaise in tech as the economy is set for a further boost after the Senate approved the $1.9 trillion stimulus relief package. The Dow Jones Industrial Average rose 1.32%, or 416 points, and had hit a intraday record of 32,148.04, and the...

09 March

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In inclusivity push, Unilever to exclude word ‘normal’ from beauty products By Reuters

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By Siddharth Cavale (Reuters) - Dove soap maker Unilever (LON:ULVR) will remove the word "normal" from its beauty and personal care products, as well as stop digital alterations of body shapes and skin colour of models used in its advertising in a push to be more inclusive. The move from the London-based company, which is one of the top advertisers...

09 March

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Asian stocks set to firm on global recovery prospects By Reuters

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By Matt Scuffham NEW YORK (Reuters) - Asian stocks were set for a strong open on Tuesday, helped mostly by global recovery prospects and the passage of a $1.9 U.S. trillion stimulus bill, shaking off a mixed Wall Street session after a big downturn in tech shares. U.S. Treasury Secretary Janet Yellen said on Monday that President Joe Biden's coronavirus aid package...

09 March

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Dollar reigns supreme on yields, recovery advantage By Reuters

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By Hideyuki Sano TOKYO (Reuters) - The U.S. dollar held near a 3 1/2-month high against its rivals on Tuesday as higher bond yields and expectations of faster economic normalisation from the pandemic in the United States put the U.S. currency at an advantage. The dollar's index against six major currencies rose 0.1% to 92.469, its highest since late November, building on...

09 March

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Zoom founder Eric Yuan transfers stock worth over $6 billion By Reuters

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(Reuters) - Video-conferencing platform Zoom Video Communications Inc founder Eric Yuan transferred about 18 million shares worth over $6 billion last week, according to a regulatory filing. The transfers were related to Yuan's estate planning practices, a Zoom spokesperson said. "The distributions were made in accordance with the terms of Eric Yuan and his wife's trusts." Yuan, who is also the chief...

09 March

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How Toyota thrives when the chips are down By Reuters

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By Norihiko Shirouzu (Reuters) - Toyota may have pioneered the just-in-time manufacturing strategy but when it comes to chips, its decision to stockpile what have become key components in cars goes back a decade to the Fukushima disaster. After the catastrophe severed Toyota's supply chains on March 11, 2011, the world's biggest automaker...

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Chinese official says Hong Kong electoral changes will ‘protect’ international role By Reuters

Tesla loses more than $244 billion in a month as rally fizzles By Reuters

Refiners Are Emerging from Deep Freeze and Buying U.S. Oil Again By Bloomberg

Facebook tests feature in India to share Instagram reels on its news feed By Reuters

Dow Hits Record High on Swashbuckling Stimulus-Led Rally in Cyclicals By Investing.com

In inclusivity push, Unilever to exclude word ‘normal’ from beauty products By Reuters

Asian stocks set to firm on global recovery prospects By Reuters

Dollar reigns supreme on yields, recovery advantage By Reuters

Zoom founder Eric Yuan transfers stock worth over $6 billion By Reuters

How Toyota thrives when the chips are down By Reuters

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