Markets

U.S. manufacturing activity surged to its highest level in nearly 14 years in early January, but bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead.

The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other pipelines that are in the midst of expanding.

Walmart Inc is preparing to offer COVID-19 vaccinations in seven more states, as well as in Chicago and Puerto Rico, this week and next, a company spokeswoman told Reuters, expanding beyond the two states where its pharmacists are offering inoculations.

An Indian state's move to block General Motors (GM) from shutting a plant and exiting the country defies the state's business friendly image and sends a "concerning message" to potential future investors, the U.S. automaker said on Friday.

The Senate Finance Committee will vote on Friday on Janet Yellen's nomination for Treasury secretary, an early litmus test of bipartisan support for President Joe Biden's ambitious plans for coronavirus relief, infrastructure investment and tax hikes.

Volkswagen on Friday said its 2020 operating profit adjusted for diesel issues came in at around 10 billion euros (US$12.17 billion).

Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a US$100 million prize for development of the "best" technology to capture carbon dioxide emissions.

U.S. President Joe Biden has named U.S. Securities and Exchange Commission Commissioner Allison Herren Lee, a Democrat, as acting chief of the financial industry regulator, the SEC said in a statement on Friday.

SINGAPORE: Local banks have received “overwhelming” demand for time slots to exchange new notes ahead of Chinese New Year in February.  Their online reservation systems, which opened for the first round of booking on Monday (Jan 18), saw huge spikes in user traffic compared to last year, with ......

REUTERS: EVgo Services LLC said on Friday it has agreed to go public through a merger with blank-check firm Climate Change Crisis Real Impact I Acquisition Corp, in a deal that values the electric vehicle charging station provider at US$2.6 billion. The deal is expected to provide EVgo with...