Reuters Financial News
17.08 / 17:03
UPS
Reuters
Tesla
Deal
Core Lithium gets notice from Tesla over failed deal
(Reuters) — Core Lithium has received a notice from electric-vehicle maker Tesla (NASDAQ:TSLA) over a 2022 supply agreement that failed to materialize within the set deadline, the Australian miner said.
17.08 / 16:47
FIVE
Reuters
CEO
band
Overnight Indexed Swap rates surge as investors brace for RBI rate hike: Report
RBI) upcoming rate hike, said Reuters in its report. "The short-end of the OIS curve is completely factoring in one more rate hike over the next few months while talks of rate cuts have died down for now," said Vijay Sharma, senior executive vice president at PNB Gilts, according to Reuters report. The five-year swap rate increased to 6.75% on Thursday, surpassing a level last recorded on February 27.
17.08 / 14:45
UPS
FIVE
Reuters
country
social
Latin
Venezuela's oil leaks, gas flaring continues to devastate environment, despite pledges of remedy: Report
Reuters report also notes that the result of the Latin American country's economic crisis is evident in the environmental damages. An economic crisis has resulted in lower investment and staffing, thereby failing on the promises of clean up for oil spill and control of gas flaring. Experts have also cited the US sanctions on Venezuela for the damages on the environment.
17.08 / 14:33
UPS
Reuters
Manufacturing
show
U.S. Mid-Atlantic manufacturing sky-rockets to 16-month high
By Safiyah Riddle
17.08 / 13:53
17.08 / 13:17
COST
Target
Reuters
show
country
Tyson Foods plans to divest Chinese poultry business - Reuters
Investing.com — Tyson Foods (NYSE:TSN) is planning to sell its poultry business in China, according to three unnamed sources quoted by Reuters, making it one of a string of foreign firms who have been looking to reduce their operations in the country.
17.08 / 12:59
UPS
Lowe's
Reuters
Progressive
show
cover
fall
Weekly
jobless claims
US weekly jobless claims fall as labor market remains tight
WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits fell last week, pointing to a still tight labor market.
17.08 / 12:49
Provident
Dash
FIVE
Reuters
band
show
track
tracking
Indian
Indian bond yields rise tracking US peers; local inflation dents sentiment
The benchmark 7.26% 2033 bond yield ended at 7.2487%, its highest since April 5, compared to its previous close of 7.2034%. «The benchmark bond yield mainly rose because U.S. yields have been rising with Fed minutes not providing much comfort,» said Debendra Kumar Dash, senior vice-president, treasury, AU Small Finance Bank.
17.08 / 12:23
Reuters
Chinese state-owned banks sell dollars to halt yuan depreciation: Report
foreign exchange markets, according to sources with direct knowledge of the situation, reported Reuters. State banks frequently follow instructions from the central bank when the yuan is under pressure, as it is now, even if they can also trade on their own behalf or to carry out customer orders. "State bank dollar selling has become a new normal to slow the pace of yuan depreciation," said one Shanghai-based trader to Reuters.
17.08 / 12:13
Provident
Reuters
Manufacturing
Volkswagen
Solomonic
US imports of auto parts face scrutiny under law on Chinese forced labour
Until now, enforcement of a year-old U.S. law that bans the import of goods made in Xinjiang, China, has focused mainly on solar panels, tomatoes and cotton apparel. But now, components that may include lithium-ion batteries, tires and major automobile raw materials aluminum and steel are increasingly subject to detentions at the border.
17.08 / 11:03
17.08 / 10:39
FIVE
Reuters
Citigroup
Enterprise
show
country
singer
asset manager
Factbox-Five facts about China asset manager whose troubles fanned spillover fears
BEIJING/SHANGHAI (Reuters) — A liquidity crisis at one of China's top asset managers Zhongzhi Enterprise Group has fuelled worries that the country's deepening property sector crisis is spilling over into its $57 trillion financial industry, even as the economy is weakening.
17.08 / 10:39
17.08 / 10:15
COST
Target
Reuters
Norway central bank raises rate to 4.0%, eyes September hike
By Gwladys Fouche and Terje Solsvik
17.08 / 10:15
17.08 / 08:35
COST
Reuters
country
India in talks with Russia to import wheat, aims to reduce food inflation
Reuters. The wheat imports from Russia will allow India to intervene more effectively in the market to drive down wheat prices that stoked inflation to a 15-month high in July. Speaking to Reuters, sources said, “The government is exploring the possibility of imports through private trade and government-to-government deals.
17.08 / 08:15
UPS
Target
FIVE
Reuters
Aware
pension
Australian
Australian $100 billion pension fund targets private assets with London launch
By Lewis Jackson and Praveen Menon
17.08 / 08:15
17.08 / 06:25
UPS
Lowe's
FIVE
Reuters
Speculation
Rouble weakens past 95 vs dollar amid capital controls speculation
(Reuters) — The Russian rouble weakened past 95 against the dollar on Thursday, in a volatile week filled with speculation over how the authorities might stabilise the currency after a 350-basis-point rate hike seemed to have a limited effect.
17.08 / 05:49
UPS
Target
Reuters
Action
NIFTY
stake
Multibagger IRFC plunges 6% on government stake sale news
Indian Railway Finance Corporation (IRFC) fell nearly 6% on the NSE in Thursday's trade after reports that the government was considering selling its stake in the company. The news triggered a strong selling action in the stock, with over 5.65 crore shares changing hands on the NSE around 10:15 am. The multibagger stock which has given more than 130% returns over a 12-month period has significantly outperformed the Nifty which has yielded just over 8% returns during this time.
17.08 / 04:47
Reuters
Ripple
Enterprise
show
asset manager
Chinese asset manager Zhongzhi says it is in liquidity crisis -meeting video
SHANGHAI (Reuters) -Zhongzhi Enterprise Group on Thursday told investors it is facing a liquidity crisis and will conduct a debt restructuring, according to video footage of a meeting, as the Chinese asset manager grapples with a deepening property market downturn.
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