Reuters Financial News

Russia's FSB security service said on Tuesday it had arrested a Russian woman it suspected of collecting information on a «critical infrastructure facility» at the order of Ukraine's intelligence services. It did not name the facility, but a surveillance video which Russian media said was taken by the FSB showed the suspect using her phone to film near a hydroelectric power plant in the town of Uglich in Russia's Yaroslavl region north of Moscow. She is then shown being arrested in her office by masked FSB and police agents. A court on Saturday ordered the suspect to be detained for two months, the RIA news agency reported. Baza, a Russian news outlet which sometimes publishes material from the FSB, released a message exchange between the suspect and a purported Ukrainian coordinator in which the woman agrees to supply the map coordinates of local railway lines, military recruitment offices and the hydroelectric plant. In the exchange, the authenticity of which Reuters was not able to verify, the suspect writes of wanting Ukrainian drones to strike deep inside Russia in order to undermine support for President Vladimir Putin.

Pernod Ricard's plea seeking a renewal of its liquor sale licence in New Delhi, marking the latest legal setback in the French giant's attempt to restart sales in the city, news agency Reuters reported on Tuesday.India's federal financial crime agency Enforcement Directorate has accused the company of illegally making profits by giving false information to Delhi city authorities in 2021, and violating rules by financially supporting retailers in exchange for stocking more of its brands. Pernod has repeatedly denied wrongdoing.

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US Federal Reserve is nearing the end of its interest rate-hiking cycle. The Fed is expected to raise rates one last time next week by 25 bps, followed by a long pause, Reuters reported. Asian currencies were higher during the day, while equities were mostly lower despite the positive session for their US peers.

Microsoft's $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency's fight is nearing the end. After two court losses last week, the agency's remaining options are: pursue its fight in the internal FTC court; pursue its parallel case before the appeals court; pursue both; or settle with Microsoft or drop the matter entirely. The source, who is familiar with the matter, declined to give any other details.

The Monkey King" has been released. The 2.25 minute trailer was dropped on Netflix's YouTube channel. Anthony Stacchi is the director of the Netflix's animated feature.

Amid a heightened call for comprehensive digital assets legislation, the G20's Financial Stability Board (FSB), on July 17, published its final recommendations for regulating crypto trading firms. It focuses on issues relating to regulatory supervisory and oversight of crypto assets to help foster innovation.

WASHINGTON (Reuters) — The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft (NASDAQ:MSFT)'s $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency's fight is nearing the end.

Investing.com — Just when OPEC thought it had it all, it appears it didn’t.

China policy as the US considers new restrictions, a source told Reuters. Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard and National Security Council director Jake Sullivan on Monday are among government officials who are holding the meetings with Intel, Qualcomm and Nvidia, the source said.

Wealth Enhancement Group senior vice president Nicole Webb discusses U.S. equity flows and overall markets on ‘Making Money.’

Semiconductor Industry Association trade group on Monday called on the Biden administration to «refrain from further restrictions» on chip sales to China as chief executives from the biggest U.S. semiconductor firms planned to visit Washington this week to press their views on China policy.

The world’s largest asset manager is bringing proxy-voting choice for retail investors to its largest exchange-traded fund.

Talim. The authorities have also asked residents to stay at home. Tens of thousands of people were being evacuated in southern China and Vietnam on Monday, and dozens of flights cancelled as a typhoon barrelled towards land.

Piper Sandler chief global economist Nancy Lazar details her economic expectations for the second half of the fiscal year on ‘Mornings with Maria.’ 

Reuters said that governments across the globe are looking at ways to mitigate the dangers of growing AI technology which has the potential to change the global economy and international security landscapes. The hype around AI and its regulation grew after the advent of generative AI technology like OpenAI's ChatGPT and Google Bard.

PolyMet Mining Corp Monday said it has accepted Glencore Plc's proposal to buy the remaining 18% stake in the company, gaining full control of the mine development company, for about $73 million, reported Reuters. The PolyMet said Glencore, under a definitive agreement, would buy the roughly 18% of issued and outstanding shares it doesn't currently own for $2.11 per share in cash, 2.9% above the last closing price for PolyMet and more than double where it was trading in late June before Glencore pitched an offer to buy the shares.

By Abdi Sheikh and Aaron Ross

Oppenheimer who share the same release date have created a lot of buzz in the past few days. The amazing promotions around Barbie film are boosting the excitement with fans claiming they can't wait for the release of the film.

₹64 crore in markets on July 17.  As per the NSE data, FIIs cumulatively bought ₹8,286.36 crore of Indian equities, while they sold ₹8,213.36 crore --- resulting in an inflow of ₹73 crore. Meanwhile, DIIs infused ₹7,182.87 crore but offloaded ₹7,118.53 crore, registering an overall outflow of ₹64.34 crore. FIIs have been net buyers of domestic equities for several days in a row, while DIIs have shown a renewed interest in buying Indian stocks.

economic development that pre-dates the Covid pandemic. The country has hit a new record high in youth unemployment as the country's post-pandemic recovery falters.  According to a report by BBC, the unemployed rate of China's residents aged 16-24, rose to 21.3% last month. The report comes as the world's second largest economy grew just 0.8% in the three months to the end of June.