Reuters Financial News

SAO PAULO (Reuters) — Industrial production in Brazil rose slightly less than expected in August, data from government statistics agency IBGE showed on Tuesday, as the sector struggles to gather speed amid high interest rates.

NEW DELHI (Reuters) — India has asked Canada to reduce its diplomatic staff in the country by more than half, the Financial Times reported on Tuesday, with ties fraying after Canadian Prime Minister Justin Trudeau publicly levelled suspicions that Indian agents were involved in the killing of a Sikh separatist leader in Canada.

By Elena Fabrichnaya

Boeing (NYSE:BA) is reportedly planning to increase production of its popular 737 narrowbody jet to a record level of at least 57 per month by July 2025, Reuters reported.

By Uditha Jayasinghe

By Natalie Grover

The US narrowly avoided a government shutdown last week following intense debates between the Democrats and Republicans over budget allocations. This confrontation follows a previous conflict concerning government expenditure, which earlier in the year had risked plunging the nation into a debt crisis. Mint looks at this latest saga and the consequences thereof.

Hui Ka Yan, had been placed under police surveillance. The company later said in a statement that Hui was being investigated.

Asian currencies. However, likely intervention by the Reserve Bank of India (RBI) helped the local unit stay away from lifetime lows. The rupee was at 83.20 against the U.S.

India's factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite increased inflationary pressures, a private survey showed. The Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 57.5 last month from 58.6 in August, missing the Reuters poll forecast for 58.1. That marked the 27th straight month of the index being above the 50-mark separating expansion from contraction. «India's manufacturing industry showed mild signs of a slowdown in September, primarily due to a softer increase in new orders which tempered production growth,» said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence. «Nevertheless, both demand and output saw significant upticks, and firms also noted gains in new business from clients across Asia, Europe, North America and the Middle East.» New orders and output rose sharply despite the sub-indexes easing from August, driven by both domestic and foreign demand. International demand grew for the 18th month in a row. That bolstered optimism and pushed business confidence to a nine-month high. It also prompted firms to increase headcount.

rupee ended 15 paise higher at 83.04 a dollar. Indian financial markets were closed on Monday for a public holiday.

Reuters, this decision is attributed to the effects of the ongoing United Auto Workers strike, which has now entered its 18th day and has impacted operations at these facilities. Also Read: UAW Strike Hits Demand for Steel The UAW confirmed that it submitted a fresh contract offer to GM on Monday. However, GM responded by stating that they had received the counterproposal, but there were still significant differences to be addressed.

equity markets witnessed decent gains on Friday with both the benchmark indices ending around half a percent higher. The Nifty 50 ended the month of September with a gain of 2% while the Sensex rose 1.5%. Investors will now focus on the Reserve Bank of India’s (RBI) monetary policy outcome this week and the upcoming quarterly earnings.

Reuters reported. Testimony in the Manhattan courtroom began following opening statements, with Donald Bender, a partner at Mazars USA and longtime accountant for Trump's businesses, as the state's first witness. Speaking to media persons, Trump said that the case was a “scam", a “sham", and a “political vendetta" by James, and during a lunch break called the Democrat "a corrupt person, a terrible person.

Goldman Sachs has named Aaron Lamshed as its head of equity capital markets in Australia and New Zealand, as Ian Taylor swaps investment banking for a C-suite role at his client APM Human Services.

Former Chrysler CEO Bob Nardelli discusses the ongoing negotiation talks between the UAW and the Big Three automakers on 'The Claman Countdown.'

By Karin Strohecker and Sumanta Sen

(Reuters) -China Evergrande Group said on Monday it has applied to the Hong Kong Stock Exchange for trading in its shares to resume on Tuesday, adding there is currently no other inside information related to the company that needs to be disclosed.

By Paul Carsten

After a near 30% run-up in just three months, oil bulls are counting on OPEC to sprinkle a little more magic dust on the market. 

Also read: Amid India-Canada row, Elon Musk accuses Canadian PM Justin Trudeau of ‘crushing free speech’ But a senior government official told Reuters that New Delhi has not instructed importers to refrain from purchases. Besides, an official with the Canadian Global Affairs Department said that Canada is also not taking any action that would directly affect trade with India.