The United States' real gross domestic product (GDP) was revised higher to 4.3% in the fourth quarter of 2020, according to the third estimate of the Bureau of Economic Analysis.The…
An index of U.S.-traded Chinese stocks fell into bear territory, dragged by fresh concerns over companies removed from American exchanges. The S&P/BNY Mellon China Select ADR Index slipped 6.4% Wednesday,…
Brent crude fell 1.7% or $1.10 to $63.31 a barrel at 0923 GMT as new round of coronavirus restrictions in Europe revived worries about demand for oil products. U.S. West…
Tug boats and excavators are trying to free the 224,000-ton boat, which got stuck during a dust storm at the Suez Canal on Tuesday morning, according to Lloyds list. The…
New York is ready to legalize recreational marijuana after an agreement between Governor Andrew Cuomo and legislative leaders, according to Bloomberg. The deal would legalize cannabis use for adults 21…
Tencent recorded revenues of RMB 133,669 million or $20,486 million in Q4 2020, up 26% from Q4 2019, according to the company’s press release. The revenue was largely helped by…
Eurozone’s PMI Composite Output Index hit a 8-month high of 52.5 in March, up from 48.8 in February, according to IHS Markit press release. The index signals a return to…
Global billings by the North America-based semiconductor equipment manufacturers hit a record $3.14 billion in February 2021, according to press release. The figure is 3.2% higher than January’s billings of…
Traffic along the Suez Canal is expected to resume soon as the giant container blocking it has been partially refloated, APNews reports. The 400-metre, 224,000-tonne Ever Given container ship was…
World’s major automakers are suspending operations in Asia, Europe, and North America on persistent shortage of semiconductors, according to Bloomberg. The shortages were worsened by fire at a key chip-producing…
U.K Composite Output Index rose to a 7-month high of 56.6 in March, up sharply from 49.6 in February, according to IHS Markit press release. The index signaled a strong…
Tesla Inc. CEO Elon Musk has allowed company’s electric vehicles to be bought using bitcoin, according to Reuters. Musk said the bitcoin option will be availed outside the U.S later…