Reuters Financial News

(Reuters) — Clorox (NYSE:CLX)'s chief information security officer, Amy Bogac, has left the company as it works to recover from a cyberattack, Bloomberg News reported on Wednesday, citing an internal memo.

By Joseph White

(Reuters) — The U.S. Department of Energy on Wednesday announced up to $3.5 billion to strengthen domestic production of batteries and battery materials from the infrastructure law President Joe Biden signed in 2021.

By Foo Yun Chee

Also Read: US October wholesale prices fall to 0.5% in biggest monthly drop since April 2020 Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a November 17 expiry, was last trading lower by 1.43 per cent at ₹6,415 per bbl, having swung between ₹6,393 and ₹6,548 during the session far, against a previous close of ₹6,508 per barrel. -Top oil exporters Saudi Arabia and Russia said this month they would continue with their additional voluntary oil output cuts of 1.3 million barrels per day until the end of the year.

By Davide Barbuscia

By Nidal al-Mughrabi

The NSE Nifty50 index settled 1.19% higher at 19,675, while the S&P BSE Sensex rose 1.14% to 65,675. The Nifty50 logged its best single-day gain since March 31 and closed at the highest level since October 18. Here's how analysts read the market pulse: «On the daily charts, we can observe that the narrow range of the last few trading sessions has been decisively broken on the upside.

By Timothy Gardner

Loose rocks have been falling into a tunnel that rescuers are trying to create and this is the main challenge facing the operation at the moment, said a top official in Uttarakhand state, where the disaster occurred. The men are trapped in an area of about 50 metres and are safe, officials said, with food, water and oxygen being supplied through a pipe since the collapse early on Sunday, and frequent contact is being made with them through walkie-talkies. «The plan is to drill through the debris, put mild steel pipes in it and make a path for the labourers to move,» Ranjit Sinha, the top disaster management officer in Uttarakhand, told Reuters by phone. «The only challenge is to remove the debris as it is very loose and it keeps coming back.» India's Himalayas are prone to landslides, earthquakes and floods. The tunnel collapse follows incidents of land subsidence that have been blamed on rapid construction in the mountains. A high-powered auger drilling machine is being set up at the site to cut through the debris at 2.5 metres an hour as opposed to one metre by the previous machine that suffered a glitch, Sinha said. An estimated 50 metres remains to be drilled through before the trapped workers are reached, said Anshu Manish Khalkho, an official of the state-run highway management company NHIDCL. CRITICISM There were up to 60 men on the night shift in the 4.5-km (3-mile) tunnel when it caved in before dawn.

By Herbert Lash and Amanda Cooper

WASHINGTON (Reuters) — U.S. retail sales fell in October, though by less than expected, after months of strong gains, pointing to slowing demand that could further strengthen expectations that the Federal Reserve is done hiking interest rates.

By Gilles Guillaume and Silvia Aloisi

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By Carolyn Cohn and Jonathan Saul

Siemens AG on November 15 said it is planning to purchase an 18 percent stake in the Indian joint venture, Siemens Limited, from Siemens Energy, Reuters reported. The proposed acquisition is valued at ₹18,968 crore (2.1 billion euros or $2.28 billion) and represents a discount of 15 percent based on the average price, it added.

Suella Braverman lashed out at British Prime Minister Rishi Sunak, accusing him of not fulfilling his assurances to her over the issues of illegal immigration and rising anti-semitism. She said that Sunak's plan is «not working» and the Conservative party is heading towards «record election defeat». On social media platform X, Braverman posted a message stating, «Thank you for your phone call yesterday morning in which you asked me to leave government. While disappointing, this is for the best». She claimed accepting the offer of serving as Home Secretary on «certain conditions» and «firm assurances», despite Sunak being «rejected» by a majority of party members and having «no personal mandate» to be Prime Minister. «As you know, I accepted your offer to serve as Home Secretary in October 2022 on certain conditions.

BEIJING — China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. 

US Federal Reserve will not hike interest rates further. Indian markets were shut for a holiday on November 14. On Monday, the domestic benchmark equity indices ended half a percent lower amid mixed global cues.

Subrata Roy death news: Sahara Group founder Subrata Roy passes away after battling prolonged illness A statement by the company on the matter confirmed the death of Sahara Founder. The statement read, “It is with profound sadness that Sahara India Pariwar informs the demise of our Hon’ble ‘Saharasri’ Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar." Subrata Roy's assets once included the famous Plaza Hotel in New York, Grossvenor House in London and former Force India Formula One team, reported Reuters.