Reuters Financial News

Indian stock market is expected to open on a cautious note Wednesday tracking mixed cues from global peers. The Asian markets traded mixed, while the US stock market ended lower overnight dragged by weakness in tech stocks. Investors’ sentiment may dampen as a surge in crude oil prices, with Brent oil trading above $92 a barrel, is expected to stoke inflation fears ahead of US inflation data.

Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the top end of the price range in its initial public offering, which would command a $54.5 billion valuation on a fully diluted basis, a person familiar with the matter said on Tuesday. Reuters had reported on Sunday that this outcome was likely. After reviewing investor commitments on Tuesday, Arm decided it will only accept the top end of its indicated $47-to-$51-per-share range, or a price that is even higher, the source said. Arm may price its IPO above the indicated price range and will decide on how much it will sell its shares for on Wednesday, that source and a second person with knowledge of the matter said.

Reuters. The features largely improve basic functions like taking a call or snapping better images. AI didn't come up at its June developer conference either but has for months been quietly reshaping Apple's core software products behind the scenes.

Thailand's Prime Minister Srettha Thavisin on Tuesday said his cabinet would this week issue a raft of policies to lower the cost of living, suspend farmers' debts, draw more tourists and boost incomes. Srettha and his 11-party government is presenting its largely populist policy agenda to the new legislature and inherits an underperforming economy struggling from weak demand for Thai exports and lower investor confidence. Srettha, a real estate mogul and political newcomer, has come under fire in parliament for policies the opposition say are vague and lack clear direction. He said cabinet would formalise the plans on Wednesday and introduce them as soon as possible. «I am not sure whether it will be a surprise or not but there are lots of policies that match the challenges,» he told reporters. Industrial sentiment hit a one-year low in August, despite the end of months of post-election deadlock, with concerns over weak exports and the slow recovery.

Apple is expected to respond within two weeks", he said to Reuters. "If they fail to do so, I am prepared to order a recall of all iPhones 12 in circulation. The rule is the same for everyone, including the digital giants," the minister added.

(Reuters) -The U.S. Food and Drug Administration on Tuesday warned eight companies, including pharmacy giants CVS Health Corp (NYSE:CVS) and Walgreens Boots Alliance (NASDAQ:WBA), against manufacturing or marketing unapproved ophthalmic drug products.

By Saeed Azhar and Lananh Nguyen

OPEC optimism over the resilience of energy demand in major economies.Brent futures rose $1.64, or 1.8%, to $92.28 a barrel by 11:15 a.m. EDT (1515 GMT). U.S.

By Lisa Baertlein and Priyamvada C

By Prerana Bhat

Launched in October 2012, the Developed Markets Long Only fund is currently offered in a Cayman Islands Partnership structure and Irish domiciled ICAV.

airport during his return. The India visit was far from smooth for the Canadian delegation as it came amidst the rough patch in Indian-Canada relations due to Canada's non-committal and soft stand on anti-India activities in various parts of Canada. In a bilateral meeting with Justin Trudeau, PM Modi expressed strong concerns about anti-India activities in Canada.

VLADIVOSTOK, Russia (Reuters) -Russian President Vladimir Putin on Tuesday praised the central bank for keeping a lid on inflation with double-digit interest rates and said there were no insurmountable challenges when it came to limiting the rouble's volatility.

₹100 crore to Kalanithi Maran as per the Delhi High Court's directive, resolving a long-standing dispute between the airline and its former promoter. The Supreme Court on Monday sternly ordered the SpiceJet chairman Ajay Singh to make a payment of $500,000 towards a Credit Suisse installment by September 22 and an additional $1 million for a defaulted amount. In case, the company fails to make the payment there will be ‘drastic action’, hinting that he might face imprisonment at Tihar jail.

GENEVA (Reuters) — Global tensions have started to fragment trade as rival trading relationships form, the World Trade Organization (WTO) said on Tuesday, but argued it is premature to declare that globalisation has gone into reverse.

By Joanna Plucinska, Valerie Insinna and Max Hunder

Investing.com-- Gold prices moved little on Tuesday as the dollar arrested recent losses before key U.S. inflation data due later this week, while copper prices held on to recent gains on hopes that the worst had passed for China’s economy. 

By Samuel Indyk and Rae Wee

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Narendra Modi, Canadian PM Justin Trudeau is now encountering backlash in his home country over his treatment at the G20 Leaders Summit in New Delhi. PM Modi did not post any “welcome note" for Trudeau as he did for other leaders after the Canadian PM landed in India.

Christy Goldsmith Romero, commissioner of the Commodity Futures Trading Commission (CFTC), has proposed the creation of a federal fraud database that would allow investors to identify individuals with bad reputations.