Reuters Financial News

Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York.

By Sarah Wu

The man charged with shooting three college students over the holiday weekend in Vermont has had a peripatetic, on-again, off-again career in the retail securities industry, working as a registered broker at five different firms over more than two decades.

IWF Center for Economic Opportunity director Patrice Lee Onwuka reacts to a survey that reveals how much money people need to feel less stress on 'Making Money.'

By Maha El Dahan, Olesya Astakhova and Ahmad Ghaddar

Investing.com — U.S. stocks traded in a mixed fashion around the flatline Tuesday, as investors take stock of the strong gains in November so far while digesting  clues about the spending habits of U.S. consumers heading into the key holiday shopping season.

(Reuters) -General Motors is to scale back spending on its self-driving unit Cruise after a pedestrian accident last month, Financial Times reported on Tuesday.

passive investment schemes, according to three sources with direct knowledge of the matter. Proposed new rules would also allow existing fund houses to hive off their passive investment schemes into separate entities to take advantage of the looser regulation, these people said. The Securities and Exchange Board of India (SEBI) will seek public comments on the proposals before finalising the rules, the sources said, declining to be identified as they are not authorised to speak to the media.

allegations of assault levelled against Raymond Ltd managing director Gautam Singhania by his estranged wife, an Indian proxy advisory firm has requested the company's independent directors to conduct a probe, a report said on November 28. The appeal has been made by Institutional Investor Advisory Services (IIAS), news agency Reuters reported, adding that the proxy firm has urged the independent directors to communicate with investors and other stakeholders, assuage their concerns and "articulate a course of action they have taken following these public allegations".

By Anisha Sircar

Investing.com -- U.S. stock futures oscillate around the flatline following a dip in the prior session, but equities remain on track to post November gains. Investors are also eyeing a potentially record-breaking amount of spending by American consumers on Cyber Monday. Elsewhere, reports say fast-fashion retailer Shein has confidentially filed for a U.S. listing, in what could be a boon for the stagnant IPO market.

rupee closed slightly higher on Tuesday, supported by foreign banks' dollar sales and softness in the greenback, which is hovering close to 3-month lows. The rupee ended at 83.3325 against the U.S. dollar, compared with its previous close at 83.3675. Asian currencies also rose, led by the Korean won and Indonesian rupiah which were up nearly 0.8% and 0.4%, respectively. While equity-related inflows and a weaker dollar are marginally supportive for the rupee, the currency continues to lack any directional momentum, said Dilip Parmar, a foreign exchange research analyst at HDFC Securities. Equity inflows worth $1.5 billion are expected this week following MSCI's decision to increase India's weight in its Emerging Market index effective from Nov.

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bonds. “In FY '22-23, private placements garnered an impressive ₹7.5 lakh crore (USD 94 billion), and in the current fiscal year, FY’23-24, we have already witnessed a substantial raise of ₹4.15 lakh crore (USD 52 billion) by October. It's to be noted that this strong momentum includes obtaining money through private placements," said Abhijit Roy, CEO, of GoldenPi.

By Patturaja Murugaboopathy and Gaurav Dogra

SINGAPORE (Reuters) -Oil prices rose slightly on Tuesday due to a weak dollar, and expectations that the OPEC+ producer group would deepen and extend output cuts due to fears demand would remain subdued.

Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) and Indian Oil Corporation Ltd (IOCL) saw smart gains on Tuesday with decline in Crude oil prices. While Hindustan Petroleum Corporation share price with gains of more than 5% scaled 52 week highs in morning trades, Indian Oil Corporation and Bharat petroleum corporation stock price also gained up to 4.0% on the BSE. Also read- Adani Group stocks surge up to 20% after SC concludes hearing The Brent Crude prices that had risen close to $100 a barrel in September, dipped belwo $80 a barrel levels.

North Korean leader Kim Jong Un has reportedly received images of the White House, Pentagon, and US aircraft carriers captured by the country's newly launched spy satellite, as announced by state media KCNA on Tuesday. As reported by Reuters, the satellite, launched last week, is described by North Korea as a reconnaissance satellite designed for monitoring the military activities of both the United States and South Korea.

Investing.com-- Oil prices rose in Asian trade on Tuesday as media reports suggested that the OPEC+ planned to extend or even deepen its ongoing production cuts at a meeting later this week. 

(Reuters) — China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday.

By Raphael Satter and Diane Bartz