Reuters Financial News

18.09 / 09:05
Lowe's Reuters Low RBI possibly selling dollars to prevent rupee from falling to record low
The Indian central bank is possibly selling dollars via public sector banks, with the rupee just shy of a record low, six traders told Reuters. The rupee was at 83.2025 to the U.S. dollar, down from 83.09 at open and within a whisker of the lifetime low of 83.29.
18.09 / 04:09
Reuters Digital show Latin EU may become as hooked on China batteries as it was on Russian energy: research paper
lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper prepared for EU leaders said. The document, obtained by Reuters, will be the basis of discussions on Europe's economic security during a meeting of EU leaders in Granada, Spain, on October 5.
18.09 / 02:27
MET Reuters Joe Biden mocks impeachment probe, says 'lots of luck' as McCarthy initiates inquiry
Joe Biden on Sunday responded with sarcasm when asked about the inquiry launched by Speaker Kevin McCarthy last week. “Lots of luck," said Biden while deriding the House's impeachment probe against him. McCarthy initiated the probe saying Republicans have uncovered serious and credible allegations about the president, according to a report published by Bloomberg. The formal inquiry is expected to focus on seeking to implicate the president in his son Hunter Biden’s overseas business affairs, though the full scope of the investigation isn’t clear.
18.09 / 02:27
Citi Reuters Action Southern social China Evergrande shares tumble 25% after wealth management staff detained
HONG KONG (Reuters) -Shares of embattled developer China Evergrande (HK:3333) Group plunged 25% on Monday after police detained some staff at its wealth management unit, suggesting a new investigation that could add to the property company's woes.
17.09 / 16:51
Citi Reuters Action Southern shootings show social Sporadic protests continue in Iran as Mahsa Amini anniversary passes
DUBAI (Reuters) — Sporadic protests continued in Iran on Sunday amid a widespread crackdown by security forces a year after a young Kurdish woman's death in custody set off some of the worst political unrest in four decades.
17.09 / 15:25
Citi Reuters Southern Moodys social China police detain some Evergrande wealth management staff
BEIJING (Reuters) — Police in southern China have detained some staff at China Evergrande (HK:3333) Group's wealth management unit, suggesting a new investigation that could add to the property giant's woes.
17.09 / 10:35
Reuters Booking Fighting Yellow Discover show letter Letter shows Pope Pius XII probably knew about Holocaust early on
Pius XII knew details about the Nazi attempt to exterminate Jews in the Holocaust as early as 1942, according to a letter found in the Vatican archives that conflicts with the Holy See's official position at the time that the information it had was vague and unverified. The yellowed, typewritten letter, reproduced in Italy's Corriere della Sera on Sunday, is highly significant because it was discovered by an in-house Vatican archivist and made public with the encouragement of Holy See officials. The letter, dated Dec.
17.09 / 07:29
FIVE Reuters Aware Action Actor Upheavals in Xi's world spread concern about China's diplomacy
leadership of the world's second-biggest economy, diplomats and analysts say. Defence Minister Li Shangfu, who has missed meetings including with at least one foreign counterpart since he was last seen in late August, is under investigation in a corruption probe into military procurement, Reuters reported on Friday. Newly installed Foreign Minister Qin Gang vanished with scant explanation in July, the same month as an abrupt shake-up of the military's elite Rocket Force, which oversees China's nuclear arsenal.
17.09 / 06:03
UPS Target Reuters Telegram country Inside Ukraine drones strike Crimea, Moscow, oil depot, Russia says
Russia said it thwarted a coordinated Ukrainian attack on Crimea early on Sunday, while drones also targeted Moscow, disrupting air traffic in the capital, and caused a fire at an oil depot in the southwest of the country. Ukraine in recent days has launched a series of strikes on Russian military targets in occupied Crimea and the Russian Navy Black Sea Fleet's facilities, seeking to undermine Moscow's war efforts in the critical region. Attacks deep inside Russia, far from the front lines, have also increased, with Moscow's mayor saying at least two drones were shot down in the capital region early on Sunday. Reuters could not independently verify Sunday's reports and there were no immediate comment from Kyiv. In an opinion piece late on Saturday, Oleksiy Danilov, the secretary of Ukraine's Security Council, urged Kyiv's allies to speed up the delivery of weapons, saying this was the only way to end the war. «For example, the complete or partial elimination of the Russian Black Sea Fleet, which is a doable task, should significantly accelerate the process of Russia's search for a way out of the ongoing war,» Danilov wrote on the Ukrainska Pravda news site. Russian air defence systems destroyed at least six drones targeting Crimea from different directions, Russia's defence ministry said on Sunday. The report on the Telegram messaging app did not say whether there was any damage or casualties in the peninsula, which Russia annexed from Ukraine in a broadly condemned move in 2014, eight years before Moscow's full-fledged invasion. In the Moscow region, a drone was destroyed over the Istra district and another over the Ramensky district, Moscow Mayor Sergei Sobyanin said on Telegram, adding there were no casualties or
17.09 / 05:05
UPS Reuters Manufacturing COMPOSITE NIFTY SENSEX Buyback week FII activity, L&T share buyback among top 10 factors to impact D-Street mood this week
Sensex and Nifty50 ended the week on strong footing hitting new all-time highs with PSU Banks, auto and IT stocks leading the gains. Amid a host of important domestic and global events lined up during this week.
17.09 / 02:45
COST Reuters Ford Gap UAW UAW strike: Why Ford, GM, other automakers' employees protesting | Explainer
wage hike, including a 20% immediate increase, and improvements in benefits. What are the demands of the United Auto Workers (UAW) union? The Union is pushing automakers to eliminate the two-tier wage system under which new hires earn as much as 25% less than veterans. The UAW also wants strong salary increases, given the financial success of the automakers, citing generous executive payouts and large US federal subsidies for EV sales.
17.09 / 02:45
UPS Reuters Remark shootings Shell NATO official warns rising ammunition prices hinder security, calls for private investment
private investment in defence companies. The remarks came after a meeting of the alliance's chiefs of defence in Oslo on Saturday, according to a report published by Reuters. Dutch Admiral Rob Bauer, the chair of NATO's military committee said, “Prices for equipment and ammunition are shooting up.
17.09 / 01:29
Provident Reuters Citizens Amazon Airlines Plane crash in Brazil's Amazon state claims 14 lives
Also Read: Charter aircraft skids off runway at Mumbai airport, delays 40 flights Manaus Aerotaxi airline has released a statement acknowledging the occurrence of an accident and confirming an ongoing investigation. However, the statement did not provide any specific information regarding casualties or injuries.
16.09 / 23:33
Provident Twitter Reuters Citizens Amazon Airlines Plane crash in Brazil's Amazon state leaves 14 dead
SAO PAULO (Reuters) -A plane crash in Brazil's northern Amazon (NASDAQ:AMZN) state on Saturday has left 14 dead, the state's governor said.
16.09 / 18:47
Reuters Digital country exclusive Consumption IMF to urge China to shift growth model towards consumption, Kristalina Georgieva says
China to boost weak domestic consumption, address its troubled real estate sector and rein in local government debt, problems that are dragging down both Chinese and global growth, IMF Managing Director Kristalina Georgieva told Reuters. Georgieva said in an exclusive interview the messages will be delivered to Chinese authorities in a forthcoming IMF «Article IV» review of China's economic policies. The Fund will strongly urge Beijing to shift its growth model away from debt-fueled infrastructure investment and real estate, she said. «Our advice to China is use your policy space in a way that helps you shift your growth model towards more domestic consumption,» Georgieva said. «Because the traditional way of infrastructure, pumping in more money, in this current environment is not going to be productive.» China's aging population and falling productivity were playing a «suppressing role» in its growth rate, along with companies in the United States and Europe shifting supply chains away from China. China's problems in the real estate sector have also caused consumers to rein in spending, Georgieva said. «We actually project that without structural reforms, medium term growth in China can fall below 4%,» Georgieva said.

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