Reuters Financial News
08.08 / 15:17
Citi
Reuters
Digital
Extreme
CEO
Patrick
show
US business owners seek increased insurance protection amid mounting risks - study
(Reuters) — An overwhelming number of business owners in the United States are looking to expand their insurance coverage amid risks ranging from climate change to cyber attacks, a study by global insurance brokerage Gallagher showed on Tuesday.
08.08 / 15:03
Reuters
Walmart
WSJ
stake
Walmart buys out $1.4 billion Tiger Global stake in Flipkart: WSJ
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in its Indian e-commerce firm Flipkart and acquired private equity firm Accel's remaining 1% stake in the company as well, media reports said on Monday. The Wall Street Journal said Walmart bought the shares from Tiger Global recently, valuing the Indian company at about $35 billion.
08.08 / 14:53
UPS
IPO
Reuters
Buyback
Ant
valuation
Some global investors skip Ant's buyback after valuation slumps 70% - Bloomberg News
(Reuters) -A number of global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70%, Bloomberg News reported on Monday.
08.08 / 14:53
COST
UPS
Reuters
wholesale
US wholesale inventories revised lower in June
WASHINGTON (Reuters) — U.S. wholesale inventories fell more than initially estimated in June, which could have implications for the second-quarter gross domestic product estimate.
08.08 / 14:27
08.08 / 13:45
08.08 / 13:45
08.08 / 13:27
Reuters
Gap
show
US trade deficit narrows in June as imports decline
The trade deficit contracted 4.1% to $65.5 billion, the Commerce Department said on Tuesday. Data for May was revised to show the trade gap narrowing to $68.3 billion instead of $69.0 billion as previously reported.
08.08 / 13:21
08.08 / 13:21
08.08 / 11:21
UPS
Reuters
India wheat prices jump to 6-month high on demand, limited supply
wheat prices surged to a six-month high on Tuesday due to limited supplies and robust demand ahead of the festival season, dealers said. The increasing prices may prompt New Delhi to eliminate import duties on the cereal to bolster supplies and control prices ahead of key state polls and next year's general election. Rising wheat prices could contribute to food inflation and potentially complicate the efforts of both the government and the central bank to contain inflation.
08.08 / 10:15
Reuters
Waters
NIFTY
SENSEX
Moodys
Market Wrap: Sensex, Nifty falter amid weak global cues; mid, smallcaps outperform
Nifty ended in the red while the second-rung midcap and smallcap indices eked out gains on Tuesday amid weak global cues as China's weak economic data weighed on sentiment. "China's imports contracted by 12.4 per cent in July, far more than forecasts for a 5 per cent drop.
08.08 / 08:13
COST
Citi
Reuters
Simulation
Commerzbank
Italian bank shares slide after government surprises with windfall tax
Italian banking shares took a beating on Tuesday morning after Italy's cabinet approved a 40% windfall tax on lenders' «excess» profits in 2023.
08.08 / 07:49
08.08 / 05:05
Facebook
Target
Reuters
Platform
Nov
Instagram
Meta Platforms
Norway fines Facebook owner Meta over privacy breaches
Facebook owner Meta Platforms will be fined 1 million crowns ($98,500) per day over privacy breaches from Aug. 14, Norway's data protection authority told Reuters on Monday, a decision that could have wider European implications. The regulator, Datatilsynet, had said on July 17 that the company would be fined if it did not address privacy breaches the regulator had identified.Meta Platforms did not immediately reply to a request for comment.
08.08 / 04:21
UPS
Reuters
Buyback
Ant
valuation
Global investors skip Ant's buyback after valuation slumps 70%
global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70%, Bloomberg News reported on Monday. Among the investors not participating in the buyback are Warburg Pincus, Canada Pension Plan Investment Board (CPPIB), Carlyle Group and GIC Pte, Bloomberg said, citing people familiar with the matter.
08.08 / 04:11
Provident
Reuters
country
Updates
Storm Khanun: Japan braces for winds and heavy rains; South Korea begins evacuating thousands of scouts. Top Updates
Mazda Motor Corp will suspend production at its two domestic plants on Wednesday and Thursday, the carmaker said on Monday as reported by Reuters. Moreover, Shinkansen, or high-speed train, service may also be suspended between the Hakata and Osaka stations from Wednesday night until Thursday morning, the West Japan Railway Co said.
08.08 / 04:11
UPS
Reuters
NIFTY
SENSEX
Rupee opens 5 paise lower at 82.79 against the US dollar
US jobs data. Asian currencies were down between 0.2% and 0.6%, with the offshore Chinese yuan slipping to 7.2250 to the dollar, Reuters reported. On Monday, the rupee ended 10 paise higher at 82.84 a dollar.
08.08 / 04:05
COST
UPS
Reuters
Manufacturing
Platform
Gap
India bars makers of military drones from using Chinese parts
India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters. The measure comes amid tensions between the nuclear-armed neighbours and as New Delhi pursues a military modernisation that envisages greater use of unmanned quadcopters, long-endurance systems and other autonomous platforms.
08.08 / 03:21
FIVE
Reuters
Apple
Time
share price
Warren Buffett's Berkshire Hathaway share price hits record as operating profit crosses $10 billion for the first time
Also Read: Day trading guide for today: Five stocks to buy or sell on Tuesday — August 8 Berkshire Hathaway also posted quarterly net income of $35.9 billion, reflecting unrealized gains on investments such as in iPhone maker Apple Inc. shares, the Reuters report added.
08.08 / 03:05
COST
UPS
Target
Reuters
show
Gold Prices
Gold prices in check as US dollar shows resilience
Gold prices were flat during early Asian hours on Tuesday as the dollar regained some footing, with investors awaiting U.S. inflation numbers due this week for clarity on whether more rate hikes are on the table. FUNDAMENTALS * Spot gold held its ground at $1,935.39 per ounce by 0058 GMT, while U.S.
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