Reuters Financial News

By Lewis Jackson

Investing.com-- Oil prices rose slightly in Asian trade on Friday as traders remained on edge over a delay in an OPEC+ meeting, although expectations of more supply cuts by the cartel put prices on course to break a four-week losing streak.

By Laurie Chen

Investing.com-- Most Asian stocks fell on Friday following weak economic signals from Japan and the euro zone, while steep losses in index heavyweight Chow Tai Fook Jewellery dragged Hong Kong’s Hang Seng index lower.

Sensex eased 5.43 points, or 0.01%, to close at 66,017.81, while the Nifty 50 fell 9.85 points, or 0.05%, to settle at 19,802.00. “While the secondary market saw a range bound move, the heightened action was seen in the primary market. Overall market is likely to trade sideways in the near term with stock specific action in the broader space," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

US forces were attacked four times in Iraq and Syria on Thursday, November 23 with rockets and armed drones, but there were no casualties or damage to infrastructure, reports Reuters quoting US Military official.The official, , on condition of anonymity told Reuters that US and international forces were attacked at two sites in northeastern Syria with multiple rockets and a one-way attack drone The Ain Al-Asad airbase west of Baghdad launched multiple one-way drones, and the Erbil airport base near Erbil airport in northern Iraq launched a drone. In the early hours of Monday, a group calling itself the Islamic Resistance in Iraq claimed attacks on those locations. Analysts say the group is an umbrella group for several Iran-aligned Iraqi armed groups.

Reuters. The company's managers are currently reviewing proposals to bolster its profitability. The person, on the condition of anonymity, stated that around 1,500 to 2,000 jobs could be cut if the plans were implemented in full.

By Suban Abdulla

By Farah Saafan and Suleiman Al-Khalidi

By Denny Thomas

By Valentine Hilaire and Divya Rajagopal

By Jonathan Cable

MEXICO CITY (Reuters) — America Movil (NYSE:AMX), the Mexican telecommunications company controlled by billionaire Carlos Slim, on Thursday denied a report it is in talks with Argentine President-elect Javier Milei's team to buy Argentina's state telecoms company Arsat.

(Reuters) -ChatGPT-maker OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, and also agreed in principle to partly reconstitute the board of directors that had dismissed him.

Barclays is working on plans to save as much as £1 billion ($1.9 billion), which could involve cutting as many as 2000 jobs, mainly in the British bank’s back office, a person with direct knowledge of the proposals told Reuters.

ALSO READ: Jeremy Hunt says UK economic growth forecast downgraded in blow to Rishi Sunak government Earlier in May, French President Emanuel Macron won 13 billion euros ($14.2 billion) of commitments at an event in the glittering Versailles palace, and for Sunak to emulate it, he will urge his business audience to show similar faith in Britain. Though they may take some persuading.

Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank are among the airline's creditors. Jindal Power, the sole company whose expression of interest to take over Go First was accepted by creditors, also decided to not follow through with a bid, Reuters reported.

lenders will vote on a proposal to liquidate the insolvent Indian airline, two banking sources told Reuters on Thursday, days after a deadline to bid for the company ended with no suitors.«The proposal whether or not to liquidate the airline has been floated and individual lenders will take the proposal to their boards and submit final votes in 10-15 days,» said a banker with a state-run bank that has exposure to Go First.

By Francesca Landini and Alvise Armellini

By Maximilian Heath

By Nell Mackenzie