Business View

LONDON -- Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company sources said. Read More from Financial Post https://ift.tt/3oBFLIm

SEOUL -- A continued surge in demand for chips and bio-health products helped South Korea's exports to gain for a third month in January, signaling a recovery in global demand in the year ahead. Read More from Financial Post https://ift.tt/3owzhdP

SEOUL -- South Korea's factory activity rose at its fastest pace in a decade in January, a business survey showed on Monday, as soaring exports drove the recovery in the manufacturing-heavy economy. Read More from Financial Post https://ift.tt/39yqWSs

TOKYO -- Japan's factory activity slipped back into contraction in January, starting the year on a sour note as a rise in COVID-19 infections and a new state of emergency in the country hit operating conditions. Read More from Financial Post https://ift.tt/3td8IO6

TOKYO -- BSMO Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Tadashi Shimizu, hereinafter "BSMO") has announced today that BSMO has entered into a business alliance agreement with SBI Africa Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Tomoya Kitagawa, hereinafter "SBI Africa"). Read More from Financial Post https://ift.tt/39EJZe9

(Bloomberg) -- Oil fell in early Asian trading -- after the first back-to-back weekly decline since October -- amid fresh evidence that a resurgence of the coronavirus is taking a toll on economic growth and energy demand. Read More from Financial Post https://ift.tt/2NV5nmP

SYDNEY -- Asian shares wavered on Monday amid worries that problems with vaccine rollouts combined with new strains of COVID-19 will delay a global economic recovery that has already been baked into the market's rich valuations. Read More from Financial Post https://ift.tt/39AeKRj

G-Sec norms for bond indices likely from The Financial Express https://ift.tt/2Mpd7gl

“The job churn also allowed companies to hire relatively experienced talent at affordable costs especially in non-IT roles, lowering the demand for entry level roles,” he explained. from The Financial Express https://ift.tt/3r8qLmL

It added that the during the month, revenues from import of goods was 16% higher and the revenues from domestic transaction (including import of services) are 6% higher than the revenues from these sources during the same month last year. from The Financial Express https://ift.tt/2MkUev8

Prudential provisioning to aid earnings; FY22/23e EPS up 21/10%; maintain ‘Buy’ with target price of Rs 750 from The Financial Express https://ift.tt/3pAU3Kz

Budget 2021: Digitisation, job creation, youth skilling key for economic growth; may aid Atma Nirbhar Bharat from The Financial Express https://ift.tt/36wkIAN

BFSI sector eyes privatisation of PSBs, boost in infra, internet connectivity, others in Union Budget 2021 from The Financial Express https://ift.tt/39xMOxq

Sustenance is key; 3/5/7% rise in FY21/22/23e BV; TP raised to Rs 88; ‘Buy’ retained from The Financial Express https://ift.tt/3px8zD0

Investing in business despite margin pressure likely to pay off; estimates tweaked; ‘Add’ retained with TP of Rs 2,625 from The Financial Express https://ift.tt/36tCGnf

With petrol prices rising due to a steep increase in taxes in the recent past, the adoption of CNG-driven vehicles is set to go up, CRISIL has said. from The Financial Express https://ift.tt/3ctgjlR

SINGAPORE -- Silver prices leapt to a five-month high on Monday and small silver miners listed in Australia surged after social media calls to buy the metal and emulate the frenzy that has driven GameStop shares up 1,500% in two weeks. Read More from Financial Post https://ift.tt/3ajMRvT

SEOUL -- Following are South Korea's Read More from Financial Post https://ift.tt/39yn4AU

BOSTON/LONDON -- Wall Street is gearing up for another week of market mayhem, with signs that the retail frenzy that pumped up the stock prices of the likes of GameStop Corp and AMC Entertainment Holdings Inc is spreading to other assets. Read More from Financial Post https://ift.tt/3aibWHH

NEW DELHI -- India's finance minister is likely to announce measures including a hike in infrastructure spending and tax cuts to boost the pandemic-hit economy when she presents the annual budget later on Monday, while deferring debt cut plans. Read More from Financial Post https://ift.tt/3pBftqJ

Bloomberg News Read More from Financial Post https://ift.tt/3r9zp4x

SINGAPORE -- Silver prices leapt to a five-month high on Monday and silver miners listed in Australia surged at the open of trade after social media calls to buy the metal and emulate the frenzy that has driven GameStop shares up 1500% in two weeks. Read More from Financial Post https://ift.tt/3pvKgFz

The Cabinet also cleared the Tamil Nadu government’s new industrial policy, 2021, which will be unveiled soon. from The Financial Express https://ift.tt/3otoyAI

BEIJING -- Activity in China's services sector expanded at a slower pace in January, official data showed on Sunday, weighed by a flare-up in new coronavirus outbreaks. Read More from Financial Post https://ift.tt/2YrFNrH

BEIJING -- China's factory activity expanded at a slower pace in January, but still in line with the strong recovery from the coronavirus slump seen in the world's second-largest economy. Read More from Financial Post https://ift.tt/3crcSw4

Gxpress director Praveen Vashistha said that warehousing, which comprises around 10% of the overall logistics cost, has a significant impact on optimising the remaining 90% that includes transportation, inventory management, material handling, packaging, etc. from The Financial Express https://ift.tt/2NRsoXO

“Our partnership for a Covid-19 vaccine with Novavax has published excellent efficacy results. We have applied to start trials in India,” Poonawalla tweeted on Saturday. from The Financial Express https://ift.tt/2NRrFG4

With the farmer groups clinging to the maximalist position that nothing less than the abrogation of the laws would be acceptable to them, both sides could not even decide on the date of the next round of talks. from The Financial Express https://ift.tt/3agLnCA

The lender has provided one-time restructuring to borrowers worth Rs 2,536 core. The Reserve Bank of India had allowed restructuring for accounts impacted by Covid-19. from The Financial Express https://ift.tt/3pB71rx

MEXICO CITY -- Mexican businessman Carlos Slim, one of the world's richest men, has returned home from hospital following a bout of COVID-19 and is feeling well, his spokesman Arturo Elias said on Saturday. Read More from Financial Post https://ift.tt/39unbxs

Demand sustenance is crucial to keep up the momentum. The never before budget 2021 is brimming high on positive outlook wherein real estate sector aims to work hand in glove with the government. from The Financial Express https://ift.tt/2Yt0kfy

Some implementation issues indeed need to be resolved separately, but empirical evaluation reveals that the recent farm reforms address long-standing issues in Indian agriculture. from The Financial Express https://ift.tt/3ov4xK3

Infrastructure: Call for more robust PPP framework from The Financial Express https://ift.tt/3adBJRj

An Asset Quality Review (AQR) exercise must be conducted immediately after the forbearance is withdrawn and the legal infrastructure for the recovery of loans needs to be strengthened de facto, they added. from The Financial Express https://ift.tt/3pwAXFx

Economic Survey: ‘Be relaxed about public debt, India’s growth higher than its cost’ from The Financial Express https://ift.tt/2Mev4y4

Higher other income boosted PAT growth by 24% to Rs19.4billion (v/s our estimate of Rs20.3billion. from The Financial Express https://ift.tt/3iXKvH7

BOSTON -- Online brokerage Robinhood on Friday accused Massachusetts securities regulators of creating a "false impression" that it encourages inexperienced investors to place trades without limits and inappropriately approved customers for risky trading. Read More from Financial Post https://ift.tt/3oyFUw5

RIO DE JANEIRO -- Brazilian health regulator Anvisa said on Friday that a COVID-19 vaccine developed by Oxford University and AstraZeneca Plc had applied for full regulatory approval, in a positive development for the country's beleaguered vaccine rollout. Read More from Financial Post https://ift.tt/2MDChb3

TAIPEI -- Taiwan Economy Minister Wang Mei-hua will hold a virtual meeting with the United States next week to discuss supply chains, with semiconductor firms present, her ministry said on Friday, amid a global shortage of chips used by automakers. Read More from Financial Post https://ift.tt/2M7lYU1

Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move that its founder on Thursday described as backlash for conversations buoying shares of GameStop Corp and other companies this week. Read More from Financial Post https://ift.tt/3qT86LM

(Bloomberg) -- An obscure company that employs five people and appears to produce negligible amounts of oil and natural gas from some wells in Appalachia became the latest Reddit-fueled day-trading craze, soaring nearly 1,000% to become a $128 million company in a matter of hours. Read More from Financial Post https://ift.tt/3ouYghv

The 'Wallstreetbets' Reddit chat room that drove stock surges for GameStop and other companies was briefly made private by the moderators running the group on Wednesday evening, before being made public again. Read More from Financial Post https://ift.tt/36jiHHS

Gold prices edged lower on Thursday as Read More from Financial Post https://ift.tt/3ptVieC

Resolution has exceeded the Year 1 exploration expenditure requirement of US$5.0 million, has paid Millrock US$50,000, and issued a further share payment of 10 million RML shares to Millrock. Resolution can earn up to a 60% interest in the project. The terms of the December 2019 agreement can be viewed at this link: Definitive Exploration Agreement . Read More from Financial Post https://ift.tt/3qRCvKi

MELBOURNE -- Rio Tinto on Thursday named a new head of its iron ore division as part of a leadership reshuffle as it works to rebuild partnerships with Indigenous groups after the global miner destroyed ancient, sacred caves in Australia. Read More from Financial Post https://ift.tt/3a9WE7J

TAIPEI -- Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Thursday it is addressing chip supply challenges affecting the automotive industry as a top priority and is "expediting" these products through their wafer fabs. Read More from Financial Post https://ift.tt/2KVuBjV

WASHINGTON -- President Joe Biden on Wednesday signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon for job creation. Read More from Financial Post https://ift.tt/3prSi23

TOKYO -- The dollar extended gains against Read More from Financial Post https://ift.tt/2YocdDn

(Bloomberg) -- Chevron Corp. and Reliance Industries Ltd. are meeting with U.S. State Department officials to request a rollback of some of the previous administration's restrictions against Venezuela's oil industry. Read More from Financial Post https://ift.tt/3ppESUr

On March 11, 2020 the World Health Organization (“WHO”) officially declared COVID-19, the disease caused by a novel coronavirus, a pandemic.   Measures enacted to curtail COVID-19 by various governments have significantly impacted travel and tourism, and therefore the demand for foreign currencies. The Company has experienced a material decline in revenue as a result. While the Company continues to operate, it is not possible to reliably estimate the duration and severity of these consequences as well as their impact on the financial position and results of future periods . Read More from Financial Post https://ift.tt/3acfA5I

A Delaware judge on Wednesday said former CBS shareholders may pursue a lawsuit accusing Shari Redstone, the daughter of late media magnate Sumner Redstone, of pressuring the company into entering an unfair merger that created ViacomCBS Inc. Read More from Financial Post https://ift.tt/3iRbnsf

However, leaders of Samyukt Kisan Morcha (SKM) sought to downplay the development, claiming these organisations were not part of the umbrella body and declared that the protest against the three contentious farm laws would continue till they are repealed. from The Financial Express https://ift.tt/3t4X6gj

It is time for India to raise its ambitions to a million start-ups and 10 million jobs in the next five years from The Financial Express https://ift.tt/2Yo2v3D

FY21 receipts to be barely a fifth of target; BPCL sale, LIC IPO unlikely to materialise this fiscal from The Financial Express https://ift.tt/2YjH2sE

The ministry of women and child development last week said that 422 out of the 640 districts covered under the Beti Bachao, Bati Padhao scheme had witnessed an improvement in sex ratio. from The Financial Express https://ift.tt/2M9LBU7

LONDON -- KPMG today published its first global environmental, social and governance (ESG) plan. Our Impact Plan brings together new and existing ESG commitments under one umbrella, focusing on four important categories: Planet, People, Prosperity and Governance. Read More from Financial Post https://ift.tt/3a5aRD0

WASHINGTON -- Dismantling racial inequalities that have plagued the United States since its founding will boost economic growth and create new jobs for everyone, top advisers to President Joe Biden said Tuesday, laying out a central tenet of the new administration's agenda. Read More from Financial Post https://ift.tt/39noePP

CALGARY, Alberta, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces that Mr. Steven Sharpe has resigned from its Board of Directors. The Company would like to thank Mr. Sharpe for his contributions and wishes him well in his future endeavors. Read More from Financial Post https://ift.tt/39iFSnM

NEW YORK -- Asian equities looked set to rise on Wednesday, bouncing back from a steep sell-off on Tuesday, while Australian stocks were seen opening weaker in a catchup after a Tuesday holiday. Read More from Financial Post https://ift.tt/2Mtitqw

Allstate Corporation said on Tuesday it had agreed to sell most of its life insurance business to entities managed by buyout firm Blackstone Group Inc for $2.8 billion. Read More from Financial Post https://ift.tt/2Yh0hTN

CALGARY, Alberta, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Today, Biosenta realized its first purchase order and payment from the supply and purchase agreement with SANITIZATION 360. The Purchase Order is for an initial order of 145 drums (30,160 litres) of TRUE disinfectant and continued monthly orders. Read More from Financial Post https://ift.tt/2YfIwEe

Opanga’s highly innovative software solutions are founded on advanced machine learning techniques that provide immediate benefit to mobile network customer experience. When Opanga’s software is deployed, the network runs much faster to sustain the best possible user experience. Read More from Financial Post https://ift.tt/3iPRIsr

TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE: BLK), today announced an update to the risk rating of the Dynamic Active Preferred Shares ETF (“DXP”). This change will be reflected in the prospectus for DXP that will be filed on or about January 26, 2021. Read More from Financial Post https://ift.tt/2YkpZa5

Allstate Corporation said on Tuesday it has agreed to sell its life insurance company to entities managed by buyout firm Blackstone Group Inc for $2.8 billion. Read More from Financial Post https://ift.tt/3op0IGa

Union Budget 2021 India: From an indirect tax perspective, the government could make healthcare affordable by ‘zero-rating’ healthcare services to further incentivise healthcare services, as also lower the GST rates. from The Financial Express https://ift.tt/39fqzfy

Union Budget 2021 India: The Budget must focus on providing greater tax certainty against the backdrop of Covid-19’s impact on the economy from The Financial Express https://ift.tt/3qQAJZV

Improve competitiveness of Indian farmers in international markets; link grain procurement volume to production volume in each state from The Financial Express https://ift.tt/367ERNl

Most analysts expect the nominal GDP to grow at 15% or thereabouts in FY22; going by historical pattern, it is possible that the tax revenue will grow at the same rate (buoyancy 1) or even up to five percentage points higher. from The Financial Express https://ift.tt/39eU2Gr

NEW YORK -- Asian stocks came under pressure on Tuesday as worries about U.S. stimulus and surging coronavirus infections led to a mixed Wall Street session, while the dollar consolidated overnight gains. Read More from Financial Post https://ift.tt/3sTNRiJ

VANCOUVER -- Great Canadian Gaming Corp CEO Rod Baker has resigned, the company said on Monday, after he and his wife were charged with traveling to northern Canada and misleading authorities in order to receive the coronavirus vaccine. Read More from Financial Post https://ift.tt/3a1qivO

VANCOUVER -- Great Canadian Gaming Corp CEO Rod Baker has resigned, the company said on Monday, after he and his wife were charged with traveling to northern Canada and misleading authorities in order to receive the coronavirus vaccine. Read More from Financial Post https://ift.tt/3ca1XGQ

LONDON/NEW YORK -- Growing concerns about stock bubbles on Wall Street are sparking fears of a pullback, highlighted by the wild ride for shares such as GameStop Corp . Read More from Financial Post https://ift.tt/2Yb6BMG

A U.S. Bankruptcy Court judge on Monday approved The Weinstein Co's liquidation plan, which sets aside $17 million for women who accused co-founder Harvey Weinstein of sexual misconduct. Read More from Financial Post https://ift.tt/3ohmWtP

LONDON -- Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a crisis that risks creating more dangers at sea. Read More from Financial Post https://ift.tt/3iNDIzB

BERLIN -- German Chancellor Angela Merkel and U.S. President Joe Biden agreed in a phone call on Monday that the COVID-19 pandemic and other global challenges could only be tackled through closer cooperation, a government spokesman in Berlin said on Monday. Read More from Financial Post https://ift.tt/3iNZbbO

BRASILIA -- Brazil's President Jair Bolsonaro, a longtime China skeptic, thanked Beijing on Monday for rapidly approving the export of active ingredients for local COVID-19 vaccine production, as his government scrambles to secure scarce shots. Read More from Financial Post https://ift.tt/3caZtrV

BEIJING -- Nissan Motor is accelerating the rollout of electric vehicles in China under its main brand and its local, no-frills Venucia marque as it overhauls its strategy in the world's biggest auto market, four sources told Reuters. Read More from Financial Post https://ift.tt/36c4AE6

MEXICO CITY -- Mexico's antitrust watchdog Cofece said on Monday that it has imposed fines totaling 35 million pesos ($1.75 million) on seven international banks and traders for market manipulation and collusion in the government bond market about a decade ago. Read More from Financial Post https://ift.tt/2LUv6LD

It will, of course, cause a revenue shortfall for states, but that can be dealt with by hiking the rate of GST compensation cess from The Financial Express https://ift.tt/2MfCb9f

Typically, the solvency ratio is the size of an insurer’s capital in relation to the risk it takes — assets minus liabilities. It reflects its ability to settle claims. from The Financial Express https://ift.tt/2MpwaqM

With expenditure contracting more than the fall in revenues, operating profit margins for the same expanded 500 bps y-o-y. from The Financial Express https://ift.tt/2YcSeat

The government is planning to tweak the way state-run Food Corporation of India (FCI) procures and stores grains. It has lined up a raft of proposals to bolster its entire public distribution system (PDS). from The Financial Express https://ift.tt/3sVJ2W4

SHANGHAI, China, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Junshi Biosciences (HKEX: 1877; SSE: 688180), an innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies, announced today that U.S. Food and Drug Administration (FDA) has granted toripalimab Fast Track designation for the first-line treatment of mucosal melanoma. Meanwhile, the FDA has also approved the Investigational New Drug (IND) application for a global Phase III trial of Toripalimab in combination with Axitinib versus Pembrolizumab for the first-line treatment of patients with advanced mucosal melanoma (Combination Clinical Trial). Read More from Financial Post https://ift.tt/3pjLdRe

Iraq has requested emergency assistance from the International Monetary Fund and talks are ongoing between the parties, the IMF said late on Sunday. Read More from Financial Post https://ift.tt/3a2HHEf

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. Read More from Financial Post https://ift.tt/3sRkeyH

LONDON -- Global green bond issuance reached a record high of $269.5 billion by the end of last year and could reach $400-$450 billion this year, a report by the Climate Bonds Initiative (CBI) showed on Monday. Read More from Financial Post https://ift.tt/3a6oTnY

LONDON -- Natural catastrophes resulted in $97 billion in insured losses in 2020, 40% above the average for this century, in a year when insurers also faced hefty bills due to the coronavirus pandemic, insurance broker Aon said in a report on Monday. Read More from Financial Post https://ift.tt/3sRk4r5

Read More from Financial Post https://ift.tt/2Mm08eW

Iraq has requested emergency assistance from the International Monetary Fund and talks are ongoing between the parties, the IMF said late on Sunday. Read More from Financial Post https://ift.tt/3peUI4j

TOKYO -- The Bank of Japan is dropping hints it will consider allowing long-term interest rates to deviate further from its 0% target, a move that could undermine the purpose of its policy aimed at controlling the shape of the yield curve. Read More from Financial Post https://ift.tt/3iJWNCL

The unofficial parade may be stopped from entering Delhi, but the farmers have made their point. from The Financial Express https://ift.tt/2LZ3hSf

WASHINGTON -- U.S. President Joe Biden's administration next week will release more policies it believes are needed to tackle climate change and is urging China to toughen one of its targets on greenhouse gas emissions, his top climate advisers said on Saturday. Read More from Financial Post https://ift.tt/3o8f6mh

All this is bad news for Mr Mark Zuckerberg, the owner of Facebook, Instagram and WhatsApp, and among the richest persons in the world. from The Financial Express https://ift.tt/2MjwR4Q

At Flipkart, a bunch of employees who are not being able to work optimally from home have been permitted to come to the office. from The Financial Express https://ift.tt/3iI1rRS

The specifications were prepared after multiple deliberations with industry at various levels for manufacturing the train sets indigenously. from The Financial Express https://ift.tt/3penwd1

Farmer leaders who have held several rounds of talks with the Delhi Police on Wednesday and Thursday have reiterated that they will not withdraw their plan to take out a tractor rally on the Republic Day, on the outer ring road of Delhi. from The Financial Express https://ift.tt/3sP5a4B

Total customer gross addition stood at 25.1 million, which was below the gross adds of 27.2 million in the preceding quarter. The total subscriber base stood at 410.8 million, resulting in net addition of 5.2 million. from The Financial Express https://ift.tt/3o8YY3T

Don’t cut transfers to states: West Bengal Finance Minister Amit Mitra tells Centre in Pre-Budget 2021 memo from The Financial Express https://ift.tt/3976sQs

WASHINGTON -- The U.S. Senate will vote on Read More from Financial Post https://ift.tt/3peVL44

SAO PAULO -- State-controlled Banco do Brasil SA has resumed the process to sell its asset management unit, known as BB DTVM, three people with knowledge of the matter said on Friday. Read More from Financial Post https://ift.tt/2Y2ikNo

Many research works point at a common problem—autoimmunity, or the immune system attacking the body itself. from The Financial Express https://ift.tt/2Y1RJjz

"A full repeal of the three central farm Acts and enacting a legislation for remunerative MSP for all farmers was reiterated as the pending demands of the movement”, it added. from The Financial Express https://ift.tt/39OGHng

There is a need for fin-techs to place greater focus on collections in the light of heightened delinquencies and a riskier customer base, the report said. “Compared to peer members, the huge volumes sourced by fin-techs were largely small-ticket loans and from riskier segments,” the report said. from The Financial Express https://ift.tt/3iAFR1m

Results reported by companies for the three months to December, 2020 quarter have largely beaten Street estimates with IT companies turning in stellar numbers. A couple of consumer-oriented businesses too have turned in stronger-than-expected revenues for the quarter. from The Financial Express https://ift.tt/39M2Ouo

BAMAKO -- Mali plans to buy over 8.4 million doses of coronavirus vaccine and expects to start a vaccination campaign in April, the council of ministers said in a statement on Thursday. Read More from Financial Post https://ift.tt/3964K1Z

Birla pointed to the swift recovery staged across sectors, completely negating doomsayers who had predicted irreversible shifts in consumer demand and the evisceration of sectors. In India too, the initial prognosis and narrative of experts proved to be excessively pessimistic. from The Financial Express https://ift.tt/394xRml

“In fact, the market is getting ready for ‘ultra-fast pre-pack’,” MS Sahoo, chairman of the Insolvency and Bankruptcy Board of India (IBBI) who headed an official panel on pre-pack insolvency, told FE in an interview. from The Financial Express https://ift.tt/3o3zaWS

The Sensex ended the day just a few points shy of the 50,000-mark. Though the market is trading at near lifetime high valuations, foreign portfolio investors (FPIs) continue to invest with inflows in January having already crossed $2.50 billion. from The Financial Express https://ift.tt/3sH9i6H

WASHINGTON -- The U.S. Senate Finance Committee is unlikely to vote on the nomination of Janet Yellen for Treasury Secretary until next week, congressional sources said on Wednesday despite a push by Democrats to confirm her on Thursday. Read More from Financial Post https://ift.tt/2NfDup6

BENGALURU -- Australia's economy, which entered 2021 in better shape than most of its peers, will gain further momentum from the successful domestic suppression of the coronavirus pandemic and supportive policies, according to a Reuters poll of economists. Read More from Financial Post https://ift.tt/3iyyeZy

CALGARY -- U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa's hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported. Read More from Financial Post https://ift.tt/2XZSv0w

CALGARY -- U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa's hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported. Read More from Financial Post https://ift.tt/2Y0U8Le

LONDON -- A third pandemic lockdown appears to be having little impact on rates of COVID-19 in England, researchers warned on Thursday, with prevalence of the disease "very high" and "no evidence of decline" in the first 10 days of renewed restrictions. Read More from Financial Post https://ift.tt/3qBCfiu

BRUSSELS -- European Union leaders will on Thursday seek to address the coronavirus pandemic's mounting challenges, from containing more infectious variants to the threat of border closures and the slow roll-out of vaccines across the bloc. Read More from Financial Post https://ift.tt/3iuNFSe

TOKYO -- Japan's exports rose 2.0% in Read More from Financial Post https://ift.tt/3qI0pYv

The developer of the first major U.S. offshore wind farm said on Wednesday it will soon apply for a federal permit from President Joe Biden's administration, after former President Donald Trump's government abruptly canceled its initial application last month. Read More from Financial Post https://ift.tt/2LPNULS

WASHINGTON -- President Joe Biden attempted to jump-start the U.S. government's response to the coronavirus pandemic on Wednesday, signing a string of executive orders intended to lead a country reeling from its worst public health crisis in more than a century. Read More from Financial Post https://ift.tt/3qBqicE

NEW YORK -- Asian markets were set to rise on Thursday after U.S. stocks closed at record highs on hopes that newly inaugurated U.S. President Joe Biden would put in place further economic stimulus to offset damage wreaked by the COVID-19 pandemic. Read More from Financial Post https://ift.tt/2XXfuJJ

The fresh capital will be used to expand in Mumbai, Chennai and Pune, its fastest growing markets, the firm said. from The Financial Express https://ift.tt/2NmL6pZ

Citing examples, Prasad said a doctor talking to his patient, a lawyer talking to his client or a family talking among each other on a WhatsApp group are all privileged communications and the sanctity of that needs to be respected. from The Financial Express https://ift.tt/35Z8nou

In its letter, MeitY has said the terms of service and the proposed privacy policy are an ‘all-or-nothing’ approach, which take away any meaningful choice from Indian users. The ministry has also sought detailed answers to a set of 14 questions. from The Financial Express https://ift.tt/39Pvu5J

Union Budget 2021 India: While sectors may want more from the government in terms of policies, there have already been myriad policy announcements since May 2020 for various sectors and hence it would not be realistic to expect more on February 1, 2021. from The Financial Express https://ift.tt/3sNJNAP

Union Budget 2021 India: The investment required for developing the tourism potential in India is so large that a separate development financial institution for tourism may well be warranted from The Financial Express https://ift.tt/3qDeU02

Indian Union Budget 2021-22: The government must rationalise GST rates for inputs and input services with the corresponding output supplies to avoid accumulation of tax credits from The Financial Express https://ift.tt/2NgRi2F

India is witnessing the classic K-shaped recovery with the formal sector doing well while the informal one lags from The Financial Express https://ift.tt/3bV0swc

The move is seen to benefit about 6,000 MW of solar projects that are currently facing delays in construction due to issues such as land availability, inadequate transmission capacity and supply disruptions due to Covid. from The Financial Express https://ift.tt/3qA0xcD

The growth of a technologically advanced start-up ecosystem is not a substitute for faster growth in labour-intensive manufacturing from The Financial Express https://ift.tt/2XV0lZf

https://ift.tt/38XnMr6 Read More from Financial Post https://ift.tt/3isYSTq

(Bloomberg) -- Oil extended gains in Asia to trade above $53 a barrel on expectations President-elect Joe Biden's incoming administration will take steps to revive growth and energy demand in the world's largest economy. Read More from Financial Post https://ift.tt/2XS5cdE

LONDON -- Britain's BBC needs to make tough decisions to ensure its future as viewers spend less time with the broadcaster and the number of households paying the license fee declines, the National Audit Office (NAO) said on Wednesday. Read More from Financial Post https://ift.tt/3iwvBr8

TOKYO -- Japan's Nidec Corp said on Wednesday it had filed a patent infringement lawsuit against Seagate Technology LLC and its affiliates, alleging that certain Seagate products infringed Nidec-owned patents related to hard disk drive (HHD) inventions. Read More from Financial Post https://ift.tt/2LQY1Qq