Markets

Automakers Renault, its alliance partner Nissan Motor Co and Hyundai Motor Co face temporary factory closures in India due to growing unrest among workers concerned about rising COVID-19 infections.

REUTERS: China's Zhejiang Huayou Cobalt Co said on Monday it would partner electric vehicle battery maker EVE Energy and others in a US$2.08 billion nickel and cobalt project in Indonesia. The company is also splashing out US$210 million on a stake in Chinese battery materials producer Tianjin ...

GLOBAL fund managers are enthusiastically bullish and are ignoring fears of stagflation, with seven in 10 respondents to the latest survey by Bank of America (BOA) expecting to see "above-trend" growth and inflation.

Britain is launching a 14-week consultation on a future trade deal with India, seeking the views of the public and business before trade minister Liz Truss hopes to begin talks later this year.

US Deputy Treasury Secretary Wally Adeyemo said he anticipates strong support from the G7 industrial democracies for the Biden Administration's proposed 15 per cent-plus global minimum corporate tax.

US Commerce Secretary Gina Raimondo said on Monday a proposed US$52 billion boost in US government funding for semiconductor production and research could result in seven to 10 new US factories.

U.S. Deputy Treasury Secretary Wally Adeyemo said he anticipates strong support from the G7 industrial democracies for the Biden Administration's proposed 15per cent-plus global minimum corporate tax, which in turn should help solidify support in the U.S. Congress for domestic corporate tax ...

Oil prices rose more than 3per cent on Monday as a demand bump fueled by COVID-19 vaccination drives gave traders optimism that the market can absorb any Iranian oil that would come on the market if Western talks with Tehran lead to the lifting of sanctions.

Walmart Inc said on Monday it had blocked emails containing a racial slur from being sent from its domain, following backlash on social media.

Google's Project Starline 3D videoconferencing system, unveiled last week, is well-timed for a post-pandemic world but still has a long way to go in seamlessly marrying the in-person and the virtual, three people who have used the system say.