 | | | | By Nadine Awadalla, Jessica Jaganathan, Roslan Khasawneh and Julia Payne | | | | | | U.S.-listed shares of China based Baidu Inc and Tencent Music Entertainment group plunged this week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday's closing levels. | | | | | | Global equity benchmarks and oil prices rose on Friday while safe havens such as the dollar and U.S. Treasuries dipped as hopes for a global economic recovery overshadowed the continued blockage of one of the world's most vital shipping lanes. | | | | | | Egypt's Suez Canal Authority said on Friday that efforts by tug boats to free the stranded container ship had restarted after dredging operations were complete. | | | | | | The Biden administration said Friday it wants new public input on establishing licensing or other procedures to help companies comply with a sweeping new rule targeting Chinese technology firms. | | | | | | Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted for weeks as workers try to dislodge a giant container ship blocking the Suez Canal. | | | | | | The S&P 500 and Dow rose in a broad-based advance on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984. | | | | | | German carrier Lufthansa is reconsidering its decision to cancel an agreement that allows passengers of smaller rival Condor to use Lufthansa feeder flights as part of their journey to holiday destinations, a spokesman for the company said. | | | | | | Chinese electric vehicle maker Nio became the latest carmaker to temporarily suspend production on Friday as a result of a global semiconductor chip shortage that has led to major losses. | | | | | | WASHINGTON (Reuters) -U.S. consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of stimulus checks to middle- and lower-income households faded. | | | | | | The Canadian dollar edged higher against its U.S. counterpart on Friday as oil, one of Canada's major exports, rallied but the currency lost ground for the second stra | | | | | |
