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Israel's Oil Refineries moves to Q1 profit, sees post-pandemic recovery

JERUSALEM Israel's Oil Refineries (ORL) said on Sunday it swung to a profit in the first quarter citing the country's gradual recovery from the coronavirus pandemic, which had hit refining margins.

China expected to release results of once-in-a-decade census on May 11

BEIJING China is expected to release the results of its once-in-a-decade census conducted late last year on May 11, according to a notice from the State Council Information Office.

May 08 2021

U.S. wants COVID vaccine patent waiver to benefit world, not boost China biotech

The Biden administration is examining ways to ensure that a waiver of COVID-19 vaccine patents to aid poor countries will not hand sensitive U.S. biopharmaceutical technology to China and Russia, responding to a chorus of concerns, U.S. and industry officials say.

May 08 2021

TC Energy posts C$1 billion quarterly loss on Keystone XL suspension

CALGARY, Alberta (Reuters) -TC Energy Corp swung to a loss in the first quarter, hit by C$2.2 billion ($1.81 billion) impairment charges related to the suspension of its Keystone XL project, the Canadian pipeline operator said on Friday.

May 07 2021

China's Didi Chuxing to take 3.1% of passenger ride fees as profit

BEIJING Chinese ride-hailing giant Didi Chuxing, which is backed by SoftBank, Alibaba and Tencent, said on Friday that 3.1% of passenger fees for rides will go towards its profit last year.

May 07 2021

Space-aged Bordeaux wine offered for private sale by Christie's

(Corrects dateline to May 4 and day in paragraph 2 to Tuesday) | Video

May 07 2021

Commerzbank CEO strikes deal with workers for 10,000 job cuts

FRANKFURT (Reuters) -Commerzbank Chief Executive Manfred Knof has struck a deal with employees over a job reduction plan, paving the way for the German bank to cut 10,000 jobs globally.

May 07 2021

Cigna raises 2021 profit forecast as health services unit powers growth

U.S. health insurer Cigna Corp on Friday raised its full-year profit and revenue targets after first-quarter profit topped estimates, as it bet on its health services unit that includes its pharmacy benefits management business, to drive growth.

May 07 2021

Blackstone proposes $1.68 billion buyout of UK's St. Modwen Properties

(Reuters) -Private equity firm Blackstone Group has made a 1.21 billion pound ($1.68 billion) buyout proposal for St. Modwen Properties, the companies said on Friday, sending shares in the British real estate developer soaring.

May 07 2021

Fed says stock market boom, 'ebullient' investors warrant caution

Booming stocks, internet-driven "meme" investments and the black box of hedge fund financing pose increasing risks as the U.S. economy emerges from the coronavirus pandemic and investor appetite soars, the Federal Reserve warned on Thursday in its latest report on financial stability.

May 06 2021