Reuters Financial News

STEPANAKERT, Azerbaijan (Reuters) -Ethnic Armenians in Nagorno-Karabakh began a mass exodus by car on Sunday toward Armenia after Azerbaijan defeated the breakaway region's fighters in a conflict dating from the Soviet era.

Reuters. A week ago, Canadian Prime Minister Justin Trudeau alleged had New Delhi's “potential link" to the murder of a Khalistani terrorist Hardeep Singh Nijjar in British Columbia in June. Reuters quoted Jatinder Singh Grewal, a director for Sikh for Justice in Canada, as saying on Sunday that his organisation will lead the protests outside the Indian embassies and consulates in Toronto, Ottawa and Vancouver over Nijjar's killing.

Reuters quoted two sources on Monday. The development revives the listing plans for the pharmaceutical company which it shelved in 2022 as Russia's invasion of Ukraine disrupted global markets.

Taiwanese company canceled all shifts for the day at the factory located near Chennai in Tamil Nadu state. It has not yet communicated to assembly workers whether the facility will resume operations on Tuesday, as per the Reuters sources. In a statement given to the agency, Pegatron confirmed that there was a spark incident at the facility, which is now under control.

Gazprom and Rosneft, Alexei Miller and Igor Sechin, will join President Vladimir Putin's retinue during his visit to China next month, sources familiar with the plans told Reuters. Putin is scheduled to meet China's President Xi Jinping for talks in Beijing and will attend the third Belt and Road Forum following an invitation from Xi during a high-profile visit to Moscow in March. The sources said other senior Russian energy officials would also be in the delegation. Sechin will hold his own energy event following Putin's visit, a source said, without providing details. Gazprom, the world's biggest natural gas producer, and Rosneft, Russia's biggest oil producer, did not immediately reply to requests for comments. Russia is bolstering its ties with Asia, especially economic powerhouse China, to offset reduced trade with Europe, its traditional buyer of oil and gas, over Moscow's actions in Ukraine. Chinese-Russian trade has soared since what Moscow calls a «special military operation» in Ukraine began in February 2022.

Jerome Powell appears cautious as he acknowledges that such an outcome is merely a possibility which will depend on numerous factors beyond the control of the US Fed. Powell indicated that a "soft landing" for the economy is not the most likely or expected outcome, but it is still considered a possibility.

volatility in the near-term after JPMorgan announced India's inclusion in its widely tracked emerging market debt index, BlackRock's head of Asia Pacific fixed income said on Friday. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion were eligible for inclusion in its Government Bond Index-Emerging Markets (GBI-EM) index and index suite, benchmarked by about $236 billion in global funds. Neeraj Seth, chief investment officer and head of APAC fundamental fixed income at BlackRock, expects inflows of around $20 billion to $25 billion into India after the maximum weight threshold of 10% is achieved on the GBI-EM index. Given the size of the $2 trillion global government bond market, it may add only a little bit to the volatility in Indian bond markets, Seth told the Reuters Global Markets Forum. The volatility would become «more profound and visible» if foreign ownership were to go into double digits, Seth said, adding that he expected foreign ownership of Indian government bonds to rise to 3.0%-3.5% post-inclusion. «I don't think that's significant enough to move the markets around,» he said. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. Foreign investors own less than 2% of outstanding government debt. Separately, Seth believes there will be a shift in asset allocations as markets head into 2024, which he sees becoming a «very attractive year», especially for U.S.

Crude oil prices have shot up since June... Brent crude has jumped to a 10-month high and breached $93/barrel in mid-September. It has averaged $83.5 in the past year.

Reuters quoted PBOC adviser Liu Shijin, saying the Asian country has limited room for further monetary policy easing. Shijin, a member of the People's Bank of China's (PBOC) monetary policy committee, opined that Beijing's room for monetary policy easing was limited by widening interest rate differentials with the US.

Shein is sending more low-priced apparel and home goods to US warehouses from China to speed up shipping times for shoppers, according to data from global trade analysis firm ImportGenius provided exclusively to Reuters. Shein, known for its $10 tops and $5 biker shorts, until recently has made many American purchasers face wait times of up to two weeks or more to receive their goods. This, say analysts, has put the fast-fashion e-tailer at a competitive disadvantage to bigger rivals such as Target, Walmart and Amazon.com, particularly during the holiday shopping season.

Quincy Krosby, Financial Chief Global strategist, discusses consumer spending, the labor market and inflation data.

West Virginia Attorney General Patrick Morrisey ® discusses the lifting of Title 42 and the Biden administration's handling of the border and opioid crises.

Hindustan Times. Since 2021, after real estate giant China Evergrande group defaulted on its debt obligations, the property sector has slumped in China. Even big firm like Country Garden Holdings continue to fall close to default.

Akasa Air and its pilots after the budget carrier accused the regulator of inaction, a legal filing shows. Over 40 of Akasa's 450 pilots quit without serving their notice in recent weeks, and the airline has sued some of them and challenged Indian authorities in court for not acting on its requests to deal with alleged pilot "misconduct". The airline has also warned of a shut down due to the crisis.

Ather Energy posted a more than fourfold rise in operating revenue to Rs 1,783 crore in the financial year ended 31 March, even as net loss widened more than twofold to Rs 864 crore because of a sharp increase in expenses. The electric scooter maker, backed by Hero MotoCorp Ltd, had recorded an operating revenue of Rs 408 crore on loss of Rs 344 crore in FY22.

China's property sector, once the pillar of the economy, has slumped since 2021 when real estate giant China Evergrande Group defaulted on its debt obligations following a clampdown on new borrowing. Big-name developers such as Country Garden Holdings continue to teeter close to default even to this day, keeping home-buyer sentiment depressed. As of the end of August, the combined floor area of unsold homes stood at 648 million square metres (7 billion square feet), the latest data from the National Bureau of Statistics (NBS) show. That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square metres.

airport security screeners are required to work, previous shutdowns have shown absenteeism to be a significant issue. Transportation Secretary Pete Buttigieg has warned that a shortage of qualified air traffic controllers could make it worse, Reuters reported.

Reuters, this move places him at the heart of the conflict that has created tension between his labour supporters and prominent car manufacturers. As a Democrat, President Joe Biden considers himself a strong advocate for labor unions.

Fox Corp has nominated former Australian prime minister Tony Abbott and Magic Leap chief executive Peggy Johnson to the company’s board. Shareholders will vote on the nominations at the company’s annual meeting later this year.

Securities attorney Andrew Stoltmann joins ‘The Big Money Show’ to discuss FTX founder Sam Bankman-Fried entering court as the government steps up its crypto crackdown.

Check out what's clicking on FoxBusiness.com