Chinese stocks to watch as competition with foreign brands heats up in China

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E-commerce and social media have shaken up the retail industry and raised the stakes for companies trying to sell to the increasingly price-conscious China’s consumer. Locals often choose foreign brands for better quality and design, even if it means paying a higher price or facing difficulties buying the products in China.

Read MoreChinese stocks to watch as competition with foreign brands heats up in China

Apple reportedly working on MacBooks with magnetic charging and new designs that will launch in the second half this year

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Apple is planning to release a new lighter and thinner MacBook Air that will launch in the second half of 2021 or early 2022, according to Bloomberg. The report said Apple will plan to market the device as a higher-end version of the current MacBook Air, which Apple released in November with its new M1 processor.

Read MoreApple reportedly working on MacBooks with magnetic charging and new designs that will launch in the second half this year

Iraq Cuts Annual Crude Oil Supplies for Most Indian Refiners up to 20% this year

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Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC’s second-largest producer which is trying to meet its obligations under the group’s production deal.

Read MoreIraq Cuts Annual Crude Oil Supplies for Most Indian Refiners up to 20% this year