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Biden to Press for 37B to Boost Chip Output amid Shortfall

President Joe Biden said on Wednesday he would seek 37 billion in funding for legislation to supercharge chip manufacturing in the United States as a shortfall of semiconductors has forced U.S. automakers and other manufacturers to cut production. Biden also signed an executive order on Wednesday aimed at addressing the global semiconductor chip shortage that […]

Hong Kongers Snap up UK Homes

Hong Kong residents are buying more houses and apartments to lease out for income in Britain, property agents say, a trend that coincides with what many expect to be a wave of emigration after China passed a national security law last year. Hong Kongers became the fifth largest foreign investors in central London as of […]

Indias Economy Grows 0.4 yy in OctDec Quarter

BENGALURU, Feb 26 Reuters Indias economy expanded by 0.4 yearonyear in the OctoberDecember quarter, returning to growth after shrinking for two straight quarters, government data showed on Friday. The readout for the December quarter was a tad lower than the 0.5 growth forecast of analysts in a Reuters poll. COMMENTARY KUNAL KUNDU, INDIA ECONOMIST, SOCIETE […]

U.S. Consumer Spending Rebounds in January

U.S. consumer spending rebounded strongly in January as the government doled out additional pandemic relief money to lowincome households and new COVID19 infections dropped, setting up the economy for faster growth in the first quarter. Consumer spending, which accounts for more than twothirds of U.S. economic activity, jumped 2.4 last month after decreasing 0.4 in […]

February 28, 2021
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Oil prices slid by up to 2 in early trade on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC supplies were expected to rise. The market was ripe for a correction and signs […]

February 28, 2021
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Oil futures traded higher Monday, resuming a push to the upside as traders looked for a slow recovery in output following winter storms that knocked U.S. producers and refineries offline. West Texas Intermediate crude for March delivery rose 62 cents, or 1, to 59.86 a barrel on the New York Mercantile Exchange. April WTI, the mostactively traded […]

February 28, 2021
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OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies. OPEC this month cut its 2021 forecast for U.S. tight crude, another term for shale, and expects production to decline by 140,000 […]

February 28, 2021
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Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder that the supply situation was tight, just as demand recovers from the depths of the COVID19 pandemic. Brent crude was up 55 cents, or 0.9, at 63.46 a barrel by 0742 GMT, after gaining […]

February 28, 2021
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Oil prices jumped by more than 1 on Tuesday, underpinned by optimism over COVID19 vaccine rollouts and lower output as U.S. supplies were slow to return after a deep freeze in Texas shut in crude production last week. Shale oil producers in the southern United States could take at least two weeks to restart the […]

February 28, 2021
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Oil prices edged higher on Wednesday amid continued outages in the United States and a weaker dollar, but a surprise build in U.S. inventories last week capped gains. Brent crude futures gained 52 cents, or 0.8, to 65.89 a barrel at 1109 GMT, after hitting a session low of 64.80. U.S. West Texas Intermediate WTI […]

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Biden to Press for 37B to Boost Chip Output amid Shortfall

Hong Kongers Snap up UK Homes

Indias Economy Grows 0.4 yy in OctDec Quarter

U.S. Consumer Spending Rebounds in January

Oil Dips, Investors Gauge Big Chill Impact on Refineries

Oil Resumes Rise with U.S. Output Expected to See Slow Thaw

OPEC, Oil Firms Expect Weak Shale Rebound Even if Prices Up

Oil Rises as Output in StormHit U.S. Begins Slow Return

Oil Prices Jump more than 1 as U.S. Output Slow to Restart

Oil Edges Higher as Surprise U.S. Stock Build Weighs

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