Reuters Financial News

By Engen Tham, Julie Zhu and Clare Jim

Former US President Donald Trump Thursday pleaded not guilty in case accusing him and others of illegally trying to overturn the results of the 2020 election in Georgia. "As evidenced by my signature below, I do hereby waive formal arraignment and enter my plea of NOT GUILTY to the Indictment in this case," Reuters reported as Trump saying in a court filing in Fulton County Superior Court.

By Marta Nogueira

₹6,806 per bbl, having swung between ₹6,739 and ₹6,874 per bbl during the session so far, against a previous close of ₹6,735 per barrel. Analysts expect Saudi Arabia to extend a voluntary oil production cut of 1 million barrels per day (bpd) into October, adding to cuts put in place by the OPEC+.

V. Anantha Nageswaran termed the first quarter GDP growth of 7.8% as a «good number» and said that the government is comfortable maintaining GDP growth target of 6.5% for FY24.

By Krishn Kaushik, Aditya Kalra and Scott Murdoch

In this article

Yevgeny Prigozhin purports to show him in Africa only days before his death, addressing speculation about his wellbeing and possible threats to his security. «For those who are discussing whether I'm alive or not, how I'm doing — right now it's the weekend, second half of August 2023, I'm in Africa,» Prigozhin says in the short video published by the Grey Zone Telegram channel which is linked to his Wagner Group. «So for people who like to discuss wiping me out, or my private life, how much I earn or whatever else — everything's ok,» he adds with a wave of his hand. Reuters was not able to verify the location or the date of the video, which was filmed in a moving vehicle. Prigozhin's camouflage clothing and hat, as well as the watch on his right hand, matched his appearance in a video released on Aug.

The Wall Street Journal reported Wednesday that federal prosecutors are looking into Tesla’s (NASDAQ:TSLA) vehicle performance claims following a July story by Reuters outlining the electric automaker’s scheme to exaggerate the potential driving distance of its vehicles.

By Nick Carey and Toby Sterling

(Reuters) -A division of Goldman Sachs' transaction banking business (TxB) has stopped signing on riskier financial technology clients after a warning from the U.S. Federal Reserve over risk and compliance earlier this year, the Financial Times reported on Thursday.

From September 1, Super 98 petrol will cost 3.42 dirhams a litre as compared to 3.14 dirhams in August, up about 9%. In July, Super 98 petrol rate was fixed at 3 dirhams a litre.

Hashkey Capital will invest a significant part of its assets in second-tier cryptocurrencies, with a goal of outperforming market leader Bitcoin, its portfolio manager said. The fund, run by the investment arm of Hong Kong crypto giant Hashkey Group, launches on Friday. It has already secured potential clients, mainly high-net-worth individuals and investment firms serving rich Asian families, Jupiter Zheng told Reuters. Less than 50% of its investments will be in Bitcoin and Ethereum, the two biggest crypto currencies.

Klarna Bank reported on Thursday a much smaller six-month operating loss than a year earlier and said it had reached profitability on a monthly basis ahead of target. The January-June operating loss at the privately held (BNPL) fintech, which last made a full-year profit in 2018, was 2.01 billion crowns ($185 million) against a year-earlier loss of 6.17 billion crowns. «We posted a small profit in May,» CEO Sebastian Siemiatkowski told Reuters. «We feel very confident that we'll be posting a profitable quarter very soon and then eventually also a full profitable year.» Klarna allows shoppers to buy online through its merchant partners and settle their dues in instalments using its «buy now, pay later» (BNPL) service. In May, it said it was on track to reach profitability on a monthly basis in the second half of the year. Last year, business conditions deteriorated as soaring inflation and the war in Ukraine hit consumer confidence, prompting it to cut staff and sending its valuation tumbling. Siemiatkowski said in the interview that Klarna had no need in the foreseeable future to raise more funds. Klarna last raised funds in 2022 at a valuation of $6.7 billion, down around 85% from the $46 billion price tag it attracted in 2021.

BEIJING — China's ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls for a drop in trade between the two countries.

Reuters citing two Indian officials, including a diplomat stationed in China and another official from a different G20 nation, have indicated that Premier Li Qiang is projected to attend the New Delhi meeting on September 9-10 as a representative of Beijing. The G20 summit scheduled in India was seen as a potential opportunity for Chinese President Xi Jinping to engage with US President Joe Biden, who has already confirmed his participation.

₹215 crore) belonging to two prominent Indian diamond companies, Reuters has reported citing government sources. These funds were frozen in relation to alleged trade connections with the Russian diamond giant Alrosa, which has been subjected to sanctions by the US Treasury's Office of Foreign Assets Control in April 2022. It was the first instance of punitive actions being taken against any Indian business in the aftermath of Russia's military intervention in Ukraine, coupled with subsequent sanctions imposed on Russian entities by Western nations.

Xi Jinping is likely to skip a summit of G20 leaders in India next week, sources familiar with the matter in India and China told Reuters. Two Indian officials, one diplomat based in China and one official working for the government of another G20 country said Premier Li Qiang is expected to represent Beijing at the Sept. 9-10 meeting in New Delhi. Spokespersons for the Indian and Chinese foreign ministries did not respond to requests for comment. The summit in India had been viewed as a venue at which Xi may meet with U.S.

Mitch McConnell's health has come under scrutiny once again following a second instance of him freezing up during a media event. The 81-year-old Kentucky senator, who has held significant political positions since 1984, faced a similar episode in July while addressing reporters in Washington. The latest occurrence, observed in Covington, Kentucky, raises questions about McConnell's ability to fulfill his congressional duties and leadership role amidst concerns about his well-being.

Tesla's use of company funds on a secret project described internally as a house for Chief Executive Elon Musk, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Neither Musk nor a spokesman for the U.S. Attorney's office in Manhattan, which the Journal said was carrying out the probe, immediately responded to requests for comment.

UBS on Thursday posted a second-quarter profit of $28.88 billion in its first quarterly earnings since Switzerland's largest bank completed its takeover of stricken rival Credit Suisse.