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Oil prices drop 2% on U.S. crude build, COVID-19 surge in India

Oil prices drop 2% on U.S. crude build, COVID-19 surge in India

by Reuters | Apr 21, 2021 | Asia, Business, Economy, Europe, Middle East, UK, US

By Scott DiSavino NEW YORK (Reuters) -Oil prices on Wednesday fell for a second day to their lowest in a week on a surprise build in U.S. crude inventories and concerns surging COVID-19 cases in India will drive down fuel demand in the world’s third-biggest oil...
Canada judge rules to delay Huawei CFO’s extradition hearings

Canada judge rules to delay Huawei CFO’s extradition hearings

by Reuters | Apr 21, 2021 | Asia, Business, Canada, Europe, Technology, UK, US

By Moira Warburton VANCOUVER (Reuters) – A Canada judge has agreed to delay Huawei Chief Financial Officer Meng Wanzhou’s U.S. extradition hearings for three months, according to a ruling read in court on Wednesday, handing her defense team a win. Meng,...
Oil slips on COVID-19, data woes; stocks rebound

Oil slips on COVID-19, data woes; stocks rebound

by Reuters | Apr 21, 2021 | Asia, Australia, Business, Economy, Europe, Top News, US

By Rodrigo Campos NEW YORK (Reuters) -World stocks rose on Wednesday as Wall Street and Europe bounced back from large drops, while oil prices continued to be weighed down by rising COVID-19 cases in Asia. Concern that record coronavirus infections in India, likely...
U.S. dollar losses bounce after Canada tips toward higher rates

U.S. dollar losses bounce after Canada tips toward higher rates

by Reuters | Apr 21, 2021 | Asia, Australia, Business, Canada, Economy, Europe, UK, US

By David Henry NEW YORK (Reuters) – A U.S. dollar rebound against major currencies was interrupted on Wednesday after Canada’s central bank signaled it could start an interest rate hike in 2022 and reduced the scope of its asset-buying program. The dollar...
Ant Group agrees to invest in Brazil loyalty co Dotz

Ant Group agrees to invest in Brazil loyalty co Dotz

by Reuters | Apr 21, 2021 | Asia, Business, Economy, Latin America, Technology

SAO PAULO (Reuters) – China’s Ant Group has sealed a deal to acquire a 5% stake in the Brazilian loyalty program Dotz, according to a securities filing on Wednesday. Dotz and Alibaba’s payment affiliate Ant Group have also signed a business...
Tesla comes under growing China pressure after customer complaint

Tesla comes under growing China pressure after customer complaint

by Reuters | Apr 21, 2021 | Asia, Business, Technology, US

SHANGHAI (Reuters) – Tesla Inc came under increased pressure in China on Wednesday from regulators and state media after Monday’s protest by a disgruntled customer at the Shanghai auto show went viral and forced the electric car maker into a rare apology....
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