Reuters Financial News

By Andy Bruce and David Milliken

By Saqib Iqbal Ahmed

Elon Musk's Starlink is likely to get approval from the telecom ministry to start offering its services in India. A report by The Times of India while quoting sources noted, "A high-level meeting is slated for later this month and Starlink's proposal for a global mobile personal communication by satellite (GMPCS) services licence is expected to be taken up there," "The meeting is likely to give an approval to the proposal, though we cannot rule out certain last-minute hiccups that may cause some more delays." the report added.

By Vivek Mishra

By Casey Hall

By Tom Westbrook

traders waiting on U.S. inflation data to signal that interest rates may have peaked. The yen notched its best day against the dollar in two months overnight, after Bank of Japan Governor Kazuo Ueda said policymakers might have enough economic information by year's end to determine that short-term rates will need to rise. The yuan had its best day in six months after authorities vowed to correct one-way moves and Reuters reported the central bank had stepped up scrutiny of dollar buying. Both, however, remain near their weakest levels of the year and with the yuan at 7.3022 per dollar in offshore trade and the yen last a little off Monday highs at 146.68 per dollar. Japanese government bonds remained under pressure on Tuesday, with 10-year JGB yields up 1 basis point to a fresh high of 0.71%. «The result of Ueda's comments was an intense move higher in Japanese swaps and government bond yields,» said Chris Weston, head of research at brokerage Pepperstone in Melbourne. "(It) is certainly constructive for yen longs.

steel imports touched a record high in 2020, increasing by 23% to 2 million metric tons. China was the second-largest exporter of steel to India, falling behind only South Korea. Steel secretary Nagendra Nath Sinha stated earlier this week that the government was keeping a close eye on steel imports following apprehensions raised by the domestic industry about potential unfair trade practices by Chinese sellers.

By Stephanie Kelly

Pfizer/BioNTech and Moderna that target a recently circulating Omicron variant of the coronavirus, according to a report published by the news agency Reuters. A third shot, made by Novavax, is still under review by the US FDA. However, Novavax did not expect its shot to be authorized in the United States before a meeting of a Centers for Disease Control and Prevention (CDC) advisory panel on Tuesday.

By Oliver Griffin

Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings. Arm's goal of raising around $5 billion in New York in what might be the biggest IPO of 2023 follows other major listings in recent years whose returns have mostly disappointed. Since Arm, owned by Japan's SoftBank Group's, is not well-known among consumers, it is focusing its IPO marketing efforts on institutional investors, people familiar with the deal said.

Also Read: Kim Jong Un Travels to Russia, His Bulletproof Train Spotted Ahead of Putin Meeting "The presence of Jo Chun Ryong indicates that North Korea and Russia will conclude some type of agreement for munitions purchases," said Michael Madden, a North Korea leadership expert at the Washington-based Stimson Center. Reuters reported that images released by state media depicted military honour guards and crowds of individuals in formal attire, including both dark suits and colourful dresses.

(Reuters) -Scandinavian airline SAS, battling to emerge from bankruptcy protection, said on Monday it was extending the deadline for final bids for its equity fundraising by a week to Sept. 25 at the request of bidders.

By Gabriel Burin

By Saeed Azhar

LONDON (Reuters) -Shares in London-listed drugmaker AstraZeneca (NASDAQ:AZN) fell more than 4% on Monday, sliding to their lowest since July 19.

rupee ended weaker on Monday despite a rally in the Chinese yuan and a softer U.S. dollar as the domestic unit's strength was capped by dollar demand from oil companies and importers, traders said. The rupee ended at 83.03, compared with 82.9450 in the previous session.

Investing.com -- Key U.S. inflation data later this week looms large, with investors hoping that the figures will help clear up uncertainty around the Federal Reserve's interest rate path for the rest of 2023. Elsewhere, Alibaba announces an unexpected leadership shake-up ahead of a planned restructuring of the sprawling Chinese business, while Arm reportedly eyes pricing its highly-anticipated initial public offering at the top end of its indicated range — or above.

By Giuseppe Fonte

Investing.com — Shares of Alibaba Group (HK:9988) (NYSE:BABA) slumped in Hong Kong trade on Monday after the e-commerce giant said that outgoing chief executive Daniel Zhang will also step down as the head of its cloud unit.