Markets

Bitcoin was headed on Friday for its worst week since March as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets.

U.S. stock index futures retreated on Friday as lofty tech stocks bled further amid elevated U.S. bond yields and prospects of a spike in inflation.

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Investors piling into tech and financial stocks helped equity funds attract US$46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA's weekly fund flow data showed on Friday.

Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming from stimulus and output discipline by top crude producers, a Reuters poll showed on Friday.

Brazil's shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their US$1 trillion-plus exposure to other government-controlled companies across emerging markets.

TAIPEI: Taipei slammed a sudden Chinese ban on Taiwanese pineapples, describing the move on Friday (Feb 26) as "economic intimidation" and likening it to recent tariffs Beijing slapped on Australian wine. The trade to China - which views the island as part of its territory awaiting reunification ...

Nissan Motor Co said on Friday it has reached a breakthrough in achieving a 50per cent thermal efficiency with its in-development e-POWER hybrid technology, which could lead to a further reduction of car CO2 emissions.

Airbus is working on hybrid-electric propulsion among the options for reducing jetliner emissions, the European planemaker said on Friday.

British Airways-owner IAG posted a loss of 4.37 billion euros (US$5.31 billion) for 2020 after a year of minimal flying and burning through cash, and it warned on Friday it could not say what would happen in 2021.