Reuters Financial News

Investing.com-- The Bank of Japan held interest rates at negative levels as widely expected on Friday, and said that it will continue with its current pace of asset purchases and yield curve control to stimulate the economy. 

VedantaThe Committee of Directors of Vedanta Ltd approved raising up to Rs 2,500 crore through issuance of non-convertible debentures (NCDs) in one or more tranches.JSW SteelIndia's JSW Steel Ltd, is slowing down the process to buy a stake in the steelmaking coal unit of Canada's Teck Resources, Reuters reported, in the first sign that a diplomatic spat is affecting trade ties.Read more: Here's the trade setup for today's sessionWipro IT services provider Wipro said Jatin Dalal has resigned as chief financial officer to pursue other opportunities after more than two decades with the company.Glenmark LifeGlenmark Pharmaceuticals has received board approval to sell 75% stake in subsidiary Glenmark Life Sciences to Nirma Ltd for Rs 5,652 crore.ICICI LombardBhargav Dasgupta, MD and CEO of ICICI Lombard General Insurance resigned to pursue a career opportunity outside the country.SAMHI Hotels, Zaggle PrepaidShares of SAMHI Hotels and Zaggle Prepaid will debut on the exchanges today.

By Leika Kihara

(Reuters) — Canada's biggest steelmaker Stelco Holdings is pursuing a bid for U.S. Steel Corp, adding to a growing list of suitors for the iconic American company, Bloomberg News reported on Thursday, citing people familiar with the matter.

MEXICO CITY (Reuters) -A U.S. trade official stressed Mexico's need to address «serious concerns» from the United States of its energy measures, which were raised during consultations under a regional trade pact, the U.S. Trade Representative's (USTR) office said on Thursday.

By Rodrigo Campos

By Milana Vinn and Anirban Sen

By Tim McLaughlin

(Reuters) — The United Arab Emirates is considering introducing export licenses for a list of items including chips and other components sanctioned by the U.S. and European Union and used by Russia's military in Ukraine, Bloomberg News reported on Thursday, citing people familiar with the matter.

By Lucia Mutikani

FRANKFURT (Reuters) -Euro zone inflation is stubbornly high with upside risks, so the European Central Bank's next move could still be a rate increase before cuts come onto the agenda, several policymakers said on Thursday.

WASHINGTON (Reuters) — U.S. existing home sales unexpectedly fell in August as persistently tight supply boosted prices, and a further decline is likely amid a resurgence in mortgage rates.

entertainment industry and will now serve as Chairman Emeritus. His eldest son, Lachlan Murdoch, who has served as co-chair of News Corp, will take over as the next chairman of the companies, reported The wall Street Journal on Thursday.

Reuters reports Tuesday, citing unnamed sources, that Tesla (NASDAQ:TSLA) has formulated strategies to produce and market battery storage systems in India. According to sources familiar with the matter, the electric automaker has also submitted a proposal to government authorities in an effort to secure incentives for the construction of a factory, all part of Elon Musk's ongoing efforts to establish a presence in the country.

United Auto Workers (UAW) union forces automobile manufacturers to temporarily lay off workers because of shortages of some materials. Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 201,000 for the week ended Sept. 16, the Labor Department said on Thursday.

JSW is in early stage talks with Korea's LG Energy Solution (LGES) about jointly manufacturing batteries in India, two sources told Reuters, as it presses ahead with plans to build electric vehicles locally. JSW held talks with senior LGES executives in Korea earlier this month, proposing a partnership to manufacture battery cells in India for EVs and energy storage, one of the people with direct knowledge of the discussions said. LGES and JSW both declined to comment on any discussions.

By Kevin Yao

(Reuters) -Alphabet-owned Google (NASDAQ:GOOGL) has discussed dropping Broadcom (NASDAQ:AVGO) as a supplier of artificial intelligence (AI) chips as early as 2027, The Information reported on Thursday, sending Broadcom shares down 5% in premarket trading.

TAIPEI (Reuters) -Taiwan's central bank cut its 2023 economic growth forecast for the export-reliant economy due to sluggish global demand though predicted better growth next year, while it kept rates on hold on Thursday as inflationary pressures cool.

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By Simon Johnson and Niklas Pollard