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Japanese Shares End Higher on Strong U.S. Job Data

Japanese shares closed higher on Monday, as strong U.S. jobs data lifted optimism about a recovery in the worlds largest economy, prompting investors to buy index heavyweights SoftBank Group and Fast Retailing along with chiprelated stocks. The Nikkei share average ended 0.82 higher at 30,089.25, hitting the 30,000mark for the first time in more than […]
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Oil Prices Dip after OPEC Agree to Ease Output Cuts

Oil prices slipped on Monday, paring strong gains made in the previous session after OPEC agreed last week to gradually ease some of its production cuts between May and July. Brent crude futures for June fell 33 cents, or 0.5, to 64.53 a barrel by 0206 GMT while U.S. West Texas Intermediate crude for May […]
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Nikkei Hits 2Week High on Hopes of Earnings Recovery

TOKYO, April 2 Reuters Japanese shares closed higher on Friday, with the Nikkei hitting a twoweek high, due to hopes of earnings recovery and gains in semiconductorrelated shares as they look to raise their outputs to deal with a global shortage of chips. The Nikkei share average ended 1.58 higher at 29,854.00. The broader Topix […]
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Teslas Quarterly Deliveries Smash Previous Record

Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as sales gains of the Model 3 and Model Y offset the impact of a global shortage of parts. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full […]
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Lebanon must Ration Subsidies Before Reserves Run Out

BEIRUT, April 2 Reuters Lebanon will run out of money to fund basic imports by the end of May and delays in launching a plan to reduce subsidies are costing 500 million a month, the caretaker finance minister, Ghazi Wazni, said. As Lebanons economy crumbles, the central bank has asked the caretaker cabinet to decide […]
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BTS Manager HYBE Acquires Scooter Brauns Ithaca Holdings

SEOUL, April 2 Reuters South Koreas HYBE Co Ltd, formerly known as Big Hit Entertainment and the manager for Kpop supergroup BTS, is to acquire music executive Scooter Brauns Ithaca Holdings in a 1.05 billion deal. The merger brings together BTS, Justin Bieber, Ariana Grande and other artists under one roof for management, label services […]
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Pioneers 6.4 Billion Deal for DoublePoint Accelerates U.S. Shale Oil Consolidation

Reuters U.S. oil producer Pioneer Natural Resources agreed on Thursday to acquire privatelyheld rival DoublePoint Energy for about 6.4 billion, speeding up a consolidation of shale oil producers. Oilfield rollups have accelerated this year as energy prices recover following last years coronavirusdriven market crash. Companies with strong balance sheets have been snapping up debtladen and […]
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U.S. LNG Export Bonanza Reshapes Energy Map in Asia

TOKYO Reuters U.S. exports of liquefied natural gas LNG to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialised region recovers from the COVID19 pandemic, Eikon trade data shows. As with the rampup of U.S. oil exports that forced heavyweights like […]
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