Germany's IDT to help make AstraZeneca's COVID-19 vaccine

(Reuters) – AstraZeneca has enlisted Germany’s IDT Biologika as a contract manufacturer of its COVID-19 vaccine, as Germany and the European Union seek to boost a delayed immunisation campaign.FILE PHOTO: A general view shows building of German vaccine maker IDT Biologika in Dessau Rosslau, Germany, November 23, 2020, as the spread of the coronavirus disease (COVID-19) continues. Hendrik Schmidt/Pool via […]

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Honda beats estimates to post 67% gain in third-quarter operating profit

FILE PHOTO: Honda’s logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoonTOKYO (Reuters) – Japanese automaker Honda Motor Co on Tuesday posted a better-than-expected 67% jump in third-quarter operating profit to 277.7 billion yen ($2.65 billion) as car demand gained momentum in the latter half of 2020. The […]

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Bitcoin powers towards $50K as Tesla takes it mainstream

TOKYO (Reuters) – Bitcoin was fast approaching the $50,000 mark on Tuesday as the afterglow of Elon Musk-led Tesla’s investment in the cryptocurrency had investors reckoning it may become a mainstream asset class for both corporations and money managers.FILE PHOTO: A man wearing a face mask walks past a Bitcoin digital currency ATM shop in Marseille, France, February 7, 2021. […]

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GM cites chip shortage for weaker 2021 outlook

DETROIT (Reuters) – General Motors Co on Wednesday reported a higher-than-expected fourth-quarter profit on strong demand for trucks and SUVs during the COVID-19 pandemic but forecast weaker-than-expected 2021 results citing a shortage of chips used in car production.Slideshow ( 2 images )GM shares were down 0.3% to $55.89 in premarket trading. The automaker expects a chip shortage to trim $1.5 […]

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Earnings Previews: Aurora Cannabis, Expedia, Enbridge

Even though this is the busiest week for companies reporting quarterly earnings in this go-round, most of the results already have been released. After the closing bell on Thursday, three companies of note are expected to release results. The most closely watched likely will be Walt Disney, one of 30 stocks that comprise the Dow Jones industrial average. We’ve covered […]

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Sterling breaks above $1.38, highest since April 2018

* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, Feb 10 (Reuters) – Sterling edged up against the dollar on Wednesday, breaking above $1.38 and touching its highest level in almost three years as Britain’s speedy coronavirus inoculation programme supports the currency. The pound has gained broadly in the past few weeks […]

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Treasuries Close Roughly Flat After Seeing Early Strength

After moving modestly higher early in the session, treasuries pulled back near the unchanged line over the course of the trading day on Tuesday. Bond prices gave back ground after an early upward move before closing nearly flat. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a […]

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