OPEC Data Indicate Small Q2 Surplus Ahead of Key OPEC+ Decision on Resuming Oil Output Hikes

World demand for OPEC+ crude ‌will average 42.20 million bpd in ‌the second quarter, OPEC said in its monthly oil market ...

China's Lenovo Q3 Profit Falls 21%, Beats Estimates on Strong Revenue

BEIJING, Feb ⁠12 (Reuters) - ⁠China's Lenovo ⁠Group reported on Thursday ​a 21% drop ‌in third-quarter profit, ‌but beat ⁠analyst ⁠expectations as strong revenue growth helped ​offset margin pressures ...

Citi Incoming CFO Sees Credit Card Growth, Warns Rate Cap Would Harm US Economy

Feb 11 (Reuters) - ⁠Citigroup ⁠incoming Chief Financial Officer ⁠Gonzalo Luchetti said on Wednesday that he sees continued growth ​in the bank's credit card business, but warned that a proposed ...

China Issues Auto Industry Guidelines to Curb Price Wars

BEIJING, Feb ⁠12 (Reuters) - ⁠China's market ⁠watchdog on Thursday ​released guidelines for the ‌auto industry aimed ‌at ...

Analysis-In Hong Kong's IPO Boom, Chinese Banks Face Talent Crunch Test

Hong Kong Securities and Futures Commission (SFC) last month ​warned 13 banks over "serious deficiencies" in IPO applications ...

More Investors Join Legal Challenge Against South Korea Over Coupang Data Leak Handling

Feb 11 (Reuters) - Three more investors have joined Greenoaks ⁠and ⁠Altimeter in their legal ⁠challenge against the ...

FDA Defends Its Decision to Refuse Review of Moderna's Flu Vaccine

Feb 11 (Reuters) - A U.S. Food and Drug Administration ⁠official ⁠on Wednesday defended the agency's surprise decision ⁠to not review Moderna's experimental flu vaccine application, saying the company ...

Factbox-Major U-Turns on Corporate Splits in Recent Years

In January 2025, industrial materials maker DuPont said it no longer intends to separate its water business into ​a publicly traded company, but would go ahead with ⁠the spinoff ⁠of its electronics ...

Asian Stocks at Record High, US Jobs Data Buoys Yields, Dollar

The two-year U.S. Treasury yield , which typically moves in step with interest rate expectations for the Fed, was at 3.512% ...

Breakaway Yen Keeps Dollar Under the Cosh

Yen gains could easily accelerate, analysts said, if it broke past resistance around 152 per dollar, or even the 200-day moving average at 150.5. It has also made headway against crosses, rising 2% on ...

Oil Prices Rise on Concerns About US-Iran Tensions

A hefty build in U.S. crude inventories capped price gains. U.S. crude inventories rose by 8.5 million barrels to 428.8 million barrels last week, the Energy Information Administration said, far ...

Applied Materials to Pay $252 Million to Resolve Illegal Chip Exports, US Says

WASHINGTON, ⁠Feb ⁠11 (Reuters) - ⁠The U.S. ​Department ‌of ‌Commerce ⁠on Wednesday announced ⁠a $252 million ​settlement ​with Applied ⁠Materials to ⁠resolve ⁠the company's ​alleged illegal ​exports ...