Reuters Financial News

BEIJING (Reuters) -China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with knowledge of the matter said, as part of Beijing's efforts to reduce debt risks in a faltering economy.

By Maria Martinez

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Nifty 50 today: Key equity indices the Sensex and the Nifty 50 ended with gains on Tuesday, snapping their three-day losing run, on widespread buying across various sectors amid positive global cues. While the Israel-Hamas conflict endures and concerns about its potential spread to other nations persist, investors appear to have shifted their attention towards corporate earnings and macroeconomic indicators.

inaugural rocket launch, Reuters reported. Agnikul, is named after the Hindi and Sanskrit term for fire. CEO Srinath Ravichandran attributed increased credibility brought on by India's successful Chanrayaan-3 mission for positively impacting the start-up's funding outlook, it said.

Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024, after reporting a fall in third-quarter revenue as demand for 5G equipment fell in North America. The company, which pre-announced its results last week and took a $2.9 billion impairment charge on its Vonage acquisition, said it expects current quarter results to be similar to the third quarter. «We are not going to guide for 2024 specifically, because the timing of the recovery of the market is uncertain,» Chief Financial Officer Carl Mellander told Reuters. Gear makers such as Ericsson and Nokia have been hit by a slowdown in spending by telecoms companies. Mellander said the company had increased its previously announced 2023 cost saving target of 11 billion Swedish crowns ($1.01 billion), including the laying off 8,500 employees, to 12 billion crowns. «We have proven that cost cutting is something we are good at...should the market and our financial performance require it, we can do more,» he said. Networks organic sales in North America were down by 60% from last year as telecoms customers adjusted their inventory and were slower to roll out new equipment.

Reuters reported. Trump said, “In the wake of the attacks on Israel, Americans have been disgusted to see the open support for terrorists among the legions of foreign nationals on college campuses.

Vladimir Putin arrived in Beijing on Tuesday to meet with his Chinese counterpart Xi Jinping on a widely watched trip aimed at showcasing the deep mutual trust and «no-limits» partnership between China and its giant neighbour. Putin and his entourage flew into the Beijing Capital International Airport on Tuesday morning, according to Reuters video footage, in the Kremlin chief's first official trip outside of the former Soviet Union this year.

Hamas released a video on Monday showing a statement from one of the captives seized in last week's devastating attack on Israel. In the footage, the woman, whose injured arm is shown being treated by an unidentified medical worker, identifies herself as 21-year-old Mia Schem and asks to be returned to her family as quickly as possible. A representative of the family, which was among a group of French families that appealed last week to President Emmanuel Macron to help free their missing relatives, confirmed her identity to Reuters. At least 199 Israelis and foreigners were seized by Hamas gunmen and taken captive in the attack, which killed 1,300 people, the largest number of dead in a single day in Israel's 75-year history. The Israeli military issued a statement, saying it was in constant touch with Schem's family and condemning Hamas as a «murderous terrorist organization». It said it was using «all intelligence and operational measures» for the return of the captives. «In the video, Hamas is trying to portray itself as a humane organization, while it is a responsible for the murder and abduction of babies, women, children, and elderly,» it said. Earlier, Hamas' armed wing said non-Israelis kidnapped on Oct.

By Lucy Craymer

By David Brunnstrom and Michael Martina

China that circumvent government restrictions, a US official said, as part of the Biden administration's upcoming actions to block more AI chip exports. The new rules, details of which Reuters is reporting for the first time, will be added to sweeping US restrictions on shipments of advanced chips and chipmaking equipment to China unveiled last October. The updates are expected this week, other people familiar with the matter said, though such timetables often slip. The new rules will block some AI chips that fall just under current technical parameters while demanding companies report shipments of others, said the official, who provided information on condition of anonymity. A spokesperson for the US Department of Commerce, which oversees export controls, declined to comment. The latest crackdown on tech exports to China coincides with US efforts to thaw difficult relations between the world's two largest economies.

(Reuters) — Snap shares jumped 11% on Monday after a media report said the social media company is expected to have more than 475 million daily active users (DAUs) in 2024, above Wall Street expectations.

Reuters, "We should call it by its name. It was a pogrom." "The terrible nature of these attacks means it is proving difficult to identify many of the deceased but with a heavy heart I can inform the House (of Commons) that at least six British citizens were killed, a further ten are missing, some of whom are feared to be among the dead," he added.

By Karen Freifeld

By Ju-min Park

Manchester United (NYSE:MANU) shares fell sharply in early Monday trade following reports that the Qatari group led by Sheikh Jassim bin Hamad J.J. Al Thani had withdrawn its bid for the Premier League titan.

Activist investor Starboard Value has acquired a significant stake in News Corp (NASDAQ:NWSA) and intends to advocate for strategic and governance changes at the company, which owns the Wall Street Journal and is part of Rupert Murdoch's media empire.

By Emma Rumney

Joe Biden in a statement. "This horrific act of hate has no place in America and stands against our fundamental values: freedom from fear for how we pray, what we believe, and who we are," he said. Biden urged Americans to unite against Islamophobia in the wake of the killing.

By Andrea Shalal and David Lawder