Reuters Financial News
06.09 / 12:55
UPS
Reuters
Manufacturing
Apple
Software
WSJ
China bans government officials from using iPhones for work - WSJ
(Reuters) — China ordered officials at central government agencies not to use Apple (NASDAQ:AAPL)'s iPhones and other foreign-branded devices for work or bring them into the office, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
06.09 / 12:17
Target
Reuters
Manufacturing
Moderna
Pfizer
show
Updated COVID vaccine effective against newer variant, says Moderna
clinical trial data showed its updated COVID-19 vaccine shot generated an 8.7-fold increase in neutralizing antibodies in humans against the highly-mutated BA.2.86 subvariant of the coronavirus that has raised fears of a resurgence of infections, Reuters reported on Wednesday. “We think this is news people will want to hear as they prepare to go out and get their fall boosters," Reuters quoted Jacqueline Miller head of infectious diseases in Moderna said in an interview, adding that the data should also help reassure regulators.
06.09 / 12:17
Provident
Reuters
Aware
Pepsi
stake
Tata Consumers denies report of buying 51% stake in snack food maker Haldiram's
Tata Group's consumer unit, Tata Consumer Products Ltd has denied the report carried out by news agency Reuters that it is in talks to buy at least 51% of popular Indian snack food maker Haldiram's but is not comfortable with the $10 billion valuation sought. In a regulatory filing Tata Consumer Products stated in reference to the news article captioned " India’s Tata seeks control of Haldiram’s, snack maker wants $10 billion valuation" which appeared in www.reuters.com on September 6, 2023.
06.09 / 10:01
Provident
BLOCK
Reuters
Aviat
Airlines
show
Go First lessor seeks replacement of parts 'robbed' from grounded planes in India
India's bankrupt Go First airline to replace «robbed» parts from its leased jets and allow it to appoint round the clock security to guard grounded aircraft, the latest escalation in efforts to reclaim its Airbus planes. The plea, detailed in a Sept 1 non-public court filing at the Delhi High Court which Reuters has reviewed, comes weeks after ACG Aircraft Leasing found critical parts, including fan blades and escape slides, missing from at least two of the four planes it has leased to Go First. Go First has been locked in legal disputes with many of its foreign lessors since being granted bankruptcy protection in India in May. Bankruptcy froze its assets and has prohibited the recovery of more than 50 grounded Airbus planes. But plane parts went missing, ACG said, and lessors have so far unsuccessfully argued in Indian courts to get their planes back despite raising fears about cannibalisation of aircraft. Currently, lessors can only occasionally inspect Go planes.
06.09 / 09:38
UPS
Reuters
Manufacturing
Google
Browser
Inside
fall
German industrial orders fall more than expected in July
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06.09 / 09:38
06.09 / 09:35
Lowe's
Reuters
show
performer
Low
Rupee plunges to 10-month low of 82.18 against the US dollar on oil price worries
Rupee opened at 82.02 a dollar. The US dollar held close to a six-month peak on safe haven buying as jitters over China and global growth weighed on risk appetite. Against a basket of currencies, the dollar was at 104.77, not far off the six-month high of 104.90 touched on Tuesday, Reuters reported.
06.09 / 09:15
Reuters
Apple
Tesla
WSJ
country
NOT
China orders government officials to not use iPhones at work: Report
central government employees to not use Apple's iPhones and other foreign devices for official work, The Wall Street Journal reported. The new directive is an attempt by China to cut reliance on foreign technology and limit the flow of sensitive information outside of the country.
06.09 / 09:11
UPS
Reuters
Digital
Manufacturing
Apple
Software
WSJ
China bans government officials from using iPhones for work: WSJ report
China has ordered officials at central government agencies to not use Apple's iPhones and other foreign-branded devices for work or bring them into the office, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The orders were given by superiors to their staff in recent weeks and it wasn't clear how widely the orders were being distributed, the WSJ said.
06.09 / 09:11
UPS
Provident
Reuters
Progressive
Battlefield
Blinken visits Kyiv amid challenging Ukrainian counteroffensive
Antony Blinken arrived in Kyiv on Wednesday in a gesture of support as Ukraine's counteroffensive against Russian forces grinds into its fourth month with only small gains. During his two-day visit, staying overnight in Ukraine for the first time since before Russia's February 2022 invasion, Blinken will likely announce a new package of U.S. assistance worth more than $1 billion, a senior State Department official said in a briefing for reporters on the trip. Blinken, on the first trip to Kyiv by a top U.S.
06.09 / 08:41
UPS
Reuters
end
India seeks more natural gas amid emergency measures to end blackouts
India is seeking additional volumes of natural gas and has asked utilities to expedite completion of power plant maintenance, as part of emergency steps to stop electricity outages, according to a government note seen by Reuters. The power ministry is advising states to expedite commissioning of all new power plants and operate gas-fired plants at full capacity, the note said. «In order to cater to the high demand situation, all available resources in the grid are being harnessed. It is pertinent to mention that the entire onus of meeting non-solar hours demand falls upon the coal fired generation,» the note said. India's power demand has been growing rapidly, with strong economic growth boosting demand from factories and the summer heat increasing household consumption.
06.09 / 05:47
Twitter
Reuters
Platform
Tesla
SpaceX
WSJ
social
elon
Elon Musk took $1 billion loan from SpaceX while acquiring Twitter: Report
Wall Street Journal. Last October, SpaceX approved the $1 billion loan which was backed by some of Elon Musk's SpaceX stock. He drew all of it down in the same month he took ownership of Twitter.
06.09 / 03:57
Lowe's
Reuters
NIFTY
SENSEX
Rupee opens flat at 83.02 against the US dollar
rupee depreciated 29 paise to end near its two-week low of 83.04 a dollar. The yen was at 147.66 per dollar, just shy of 147.8 per dollar, the lowest since November 4 it touched overnight. The euro was unchanged at $1.0721, having breached a three-month low of $1.0705 overnight.
06.09 / 02:07
Twitter
Reuters
CEO
Platform
SpaceX
WSJ
social
elon
Elon Musk borrowed $1 billion from SpaceX in same month of Twitter buyout - WSJ
(Reuters) -SpaceX CEO Elon Musk tapped the rocket maker for a $1 billion loan around the time he was acquiring social media company X, formerly known as Twitter, the Wall Street Journal reported on Tuesday.
06.09 / 01:45
UPS
IPO
Reuters
Platform
SoftBank
Holdings
valuation
SoftBanK's Arm Holdings launches IPO roadshow to court T Rowe Price; aims for $52 billion valuation
startups toward going public as its success would signal the return of investor appetite for technology companies. Several other big names including grocery delivery service Instacart Inc, marketing automation platform Klaviyo and footwear brand Birkenstock are expected to list their shares on U.S. exchanges in the coming weeks.
06.09 / 01:45
UPS
Reuters
SoftBank
NIFTY
SENSEX
6 things that changed for market overnight: Gift Nifty, oil price rally to global market cues for Sensex today
Indian stock market is expected to open on a cautious note Wednesday amid mixed global cues. While Asian markets traded mixed, US stock indices ended lower overnight as a rally in crude oil prices stoked inflation worries. Investors remained cautious as crude oil prices surged to 10-month high levels after Saudi Arabia and Russia announced to extend their voluntary oil production cut through the end of the year.
06.09 / 01:21
BLOCK
Reuters
SoftBank
Kroger
Southern
Kroger, Albertsons in talks to sell stores to C&S, SoftBank - Bloomberg News
(Reuters) — Kroger (NYSE:KR) and Albertsons Companies Inc are in talks to sell some grocery stores to C&S Wholesale Grocers to obtain regulatory approval for their $25 billion merger, Bloomberg News reported on Tuesday, citing people familiar with the matter.
05.09 / 23:13
UPS
Reuters
Manufacturing
show
performer
China's exports, imports likely contracted more slowly in August
BEIJING (Reuters) -China's exports likely contracted at a slower pace in August, a Reuters poll showed on Tuesday, highlighting that manufacturers remain under pressure after outbound shipments recorded their worst performance since February 2020 last month.
05.09 / 23:13
05.09 / 20:23
Citi
Target
Reuters
show
Core inflation
fall
Mexico's core inflation to fall to lowest level since late 2021 in August: Reuters poll
MEXICO CITY (Reuters) — Mexican inflation likely slowed in August for the seventh straight month, with the closely watched core index expected to return to 2021 levels, a Reuters poll showed on Tuesday.
05.09 / 19:47
Reuters
Volkswagen
JPMorgan
Strategy
Chase
ICE
Post-Labor Day corporate debt spree revives U.S. Treasury selloff
By Matt Tracy and Davide Barbuscia
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