Reuters Financial News
20.07 / 19:53
Reuters
PayPal
Google
exit
Sequoia Capital partner Michael Moritz to exit firm after 38 years
Michael Moritz, the storied venture capitalist who sits on the boards of Stripe and Instacart, is leaving Sequoia Capital after 38 years, according to a letter sent to limited partners on Wednesday and viewed by Reuters. Moritz, 68, will now focus on Sequoia Heritage, a $15 billion wealth management fund that he helped launch in 2010. The fund will be independent from Sequoia Capital, with focus on a diversified range of assets, according to the letter.
20.07 / 19:53
Reuters
Microsoft
Activision
FTC to pause Microsoft-Activision merger trial: report
Microsoft Corp's $69 billion acquisition of Activision Blizzard opening the door to potential settlement talks, Bloomberg News reported on Thursday. Microsoft and FTC did not immediately respond to Reuters requests for comment.
20.07 / 19:05
20.07 / 17:33
20.07 / 17:33
20.07 / 17:03
Citi
Reuters
show
country
Oil extends gains over cautious trading on lower US crude stocks; Brent near $80/bbl
WTI crude was 35 cents, or 0.5 per cent, higher at $75.64. Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a August 21 expiry, were last trading lower by 0.05 per cent at ₹6,203 per bbl, having swung between ₹6,126 and ₹6,254 per bbl during the session so far, compared to their previous close of ₹6,206 per bbl. Brent crude prices have broken through to a higher range this month, after being stuck at $72-$78 in May and June, according to Citi analysts, after Saudi output cuts and geopolitical risks supported demand. -Oil prices fell in the previous session after data showed US inventories fell less than analysts expected.
20.07 / 14:15
Lowe's
FIVE
Reuters
show
cover
fall
Low
Weekly
jobless claims
US weekly jobless claims fall to two-month low
By Lucia Mutikani
20.07 / 13:20
Reuters
Cooper
Microsoft
Germany’s Alfaview files EU antitrust complaint against Microsoft
Reuters report said earlier this month. "We continue to engage cooperatively with the Commission in its investigation and are open to pragmatic solutions that address its concerns and serve customers well," Microsoft said.
20.07 / 13:15
Lowe's
Target
Reuters
Microsoft
Software
Tesla
Future
elon
Elon Musk ready to deepen EV price war as Tesla bets on self-driving future
Elon Musk is making a calculated bet: sacrifice margins now for better ones later when full self-driving software is completely integrated into Tesla cars. It's a plan that could intensify the electric-vehicle price war. Shares of the automaker fell 4% before the bell on Thursday after Musk signaled no end in sight for price cuts that have already sent gross margins to a four-year low.
20.07 / 11:25
COST
FIVE
Reuters
Manufacturing
country
Adani Group clarifies on merging ACC, Ambuja brands, says ‘no plan to merge ..’
ACC and Ambuja cement brands as separate entities and no plan to merge the both, the clarification was given by Ajay Kapur, chief executive officer of both cement companies, said at an annual shareholder meeting. Earlier according to some media reports the Adani Group was looking to merge both Ambuja and ACC cement entity after it acquired them from Switzerland's Holcim in 2022 and is second largest cement producer in the country after the Ultratech Cement.
20.07 / 10:27
UPS
IPO
Target
Reuters
show
Ola Electric targeting $1.5 billion sales this year, pre-subsidy cut document shows
Ola Electric expects revenue to quadruple to $1.5 billion this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government to e-scooter incentives in May. According to the document, which was prepared ahead of investor meetings for Ola's planned IPO worth up to $700 million and was reviewed by Reuters, the company is also targeting $220 million in operating profit for the year to end-March.
20.07 / 09:59
Lowe's
Reuters
CEO
Strategy
Software
Tesla
elon
Elon Musk hints at more Tesla price cuts, with autonomy still tricky
Elon Musk's elusive goal of creating self-driving software is driving the Tesla CEO to prioritize sales over profits, a strategy that could deepen a price war — and investor concern. Shares of the automaker fell 3.5% in premarket trading on Thursday after Musk signaled there might not be any let-up in cuts that have already sent gross margins to a four-year low. «The short-term variances in gross margin and profitability really are minor relative to the long-term picture.
20.07 / 09:29
Target
MAIL
Reuters
CEO
Browser
DHL
International
Royal Mail's owner picks international parcels boss as group CEO
We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.
20.07 / 09:17
20.07 / 07:33
Reuters
Manufacturing
Platform
Compilation
country
Chinese professor says youth jobless rate might have hit 46.5%
Chinese professor that the country's youth unemployment rate might have hit close to 50% in March has revived a debate about official statistics and focused attention on a weak labour market. The National Bureau of Statistics said that month's jobless rate for people between the ages of 16 and 24 was 19.7%, less than half of what Peking University professor Zhang Dandan estimated. If 16 million non-students «lying flat» at home or relying on their parents were included, the rate could have been as high as 46.5%, Zhang wrote in an online article in Caixin, a respected financial magazine.
20.07 / 06:13
Reuters
Manufacturing
Tesla
NIFTY
Nikkei
TSMC
Asian stocks
Asian stocks muted, tech falls ahead of TSMC earnings
Investing.com — Most Asian stocks firmed slightly on Thursday, although local technology shares were sold off on weak cues from Wall Street, and as investors turned wary of the sector ahead of earnings from chipmaking giant TSMC.
20.07 / 06:13
UPS
Reuters
show
performer
reports
surges
Chinese yuan
Asia FX rises, Chinese yuan surges amid intervention reports
Investing.com — Most Asian currencies rose on Thursday as a rebound in the dollar paused, while the Chinese yuan shot up amid reports of government intervention to support the battered currency.
20.07 / 06:13
UPS
Reuters
Manufacturing
Apple
NVIDIA
performer
TSMC
TSMC Q2 profit falls 23%, but beats estimates
Investing.com — Taiwan Semiconductor Manufacturing Co (NYSE:TSM) (TW:2330), or TSMC, logged a higher-than-expected second-quarter profit as revenue from chip sales remained steady, although earnings were lower than last year as chip demand softened.
20.07 / 04:29
Reuters
NIFTY
SENSEX
show
Indian
FPIs continue to extend buying spree in Indian equities in July
foreign portfolio investors (FPIs) made net purchases of Indian shares worth 306.60 billion rupees ($3.74 billion) in the first half of July. As reported by Reuters, persistent FPI inflows have supported the rally in the blue-chip Nifty 50 and S&P BSE Sensex, driving the benchmarks to record highs. The Nifty 50 rose nearly 2% in the first half of July. Since March, foreign portfolio investors (FPIs) have invested in Indian shares worth 1,393.50 billion rupees, contributing to a 13% increase in the Nifty 50 index from March 1 to July 15.
20.07 / 02:49
Reuters
show
Oil prices
open
Oil prices open lower on dollar strength, profit-taking
Oil prices slipped in early Asian trade on Thursday, extending the previous session's losses, as the dollar strengthened and on profit-taking after U.S. crude oil stocks fell less than expected. Brent futures dipped 14 cents, or 0.2%, to $79.32 a barrel by 0001 GMT, while U.S.
19.07 / 20:15
popular questions about Reuters
What is Reuters and why is it relevant?
Reuters is a significant category that interests a wide audience. On our site, we regularly publish news related to this subject.
Where can I find the latest updates on Reuters?
All new posts about Reuters can be found in the highlighted block. We publish information as it becomes available.
How can I verify the accuracy of information on Reuters?
We consult with professionals to ensure that the information about Reuters is accurate and helpful for our readers.
