Reuters Financial News
13.07 / 12:53
Lowe's
Target
Reuters
fall
Weekly
jobless claims
US weekly jobless claims unexpectedly fall
WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating that the labor market remains tight even as job growth is slowing.
13.07 / 11:01
UPS
Reuters
Ripple
NASDAQ
PepsiCo
Futures point to more gains on Wall St as inflation eases
(Reuters) — U.S. stock index futures edged higher on Thursday following a sharp rally on Wall Street in the previous session as data showed inflation was cooling, with investors looking ahead to producer price data due later in the day.
13.07 / 10:11
13.07 / 09:37
FIVE
Reuters
Digital
Platform
coinbase
Adobe
Software
UK regulator refers Adobe's $20 billion buyout of Figma to phase 2 probe
antitrust regulator on Thursday referred Adobe's $20 billion buyout of cloud-based designer platform Figma to an in-depth probe saying the Photoshop owner informed the regulator that it would not offer any remedies to ease its concerns. The UK's Competition and Markets Authority (CMA) had said late last month that it found that the deal could lead to lesser choice for designers of digital apps, websites and other products, and identified concerns in the supply of screen design software, where the companies compete.
13.07 / 08:01
COST
Reuters
Manufacturing
Platform
Defence ministry gives initial nod for 26 Rafale jets, 3 Scorpene submarines
Mazagon Dock Shipbuilders with France's Naval Group, the report added. The ageing fleet of India's Russian-made platforms, Moscow's inability to perform maintenance work, and delays in India's indigenous manufacturing plans for parallel platforms have necessitated the two new defence deals. Details on the deal value are not known yet, Reuters said.
13.07 / 07:29
13.07 / 07:27
Twitter
Target
Reuters
Merit
Action
500
elon
NOT
Elon Musk accused of not paying $500 million in severance, ex-employees sue Twitter
Elon Musk acquired Twitter Inc in 2022, the microblogging site on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were sacked in the layoff drive, according to a report published by Reuters. Courtney McMillian oversaw Twitter's employee benefits programs as its "head of total rewards" before she was laid off in January. She filed the proposed class action in San Francisco federal court.
13.07 / 07:27
Reuters
Cooper
Landmark
Mobile
Bastille Day 2023: India to acquire 26 Rafale jets as PM Modi visits France
Mazagon Dock Shipbuilders with France's Naval Group, a source familiar with the matter told Reuters on Thursday. This comes at a time when Prime Minister Narendra Modi is on a two-day visit to France.
13.07 / 06:39
Reuters
UK economy
UK economy contracts by 0.1% in May: ONS
Economic output fell 0.1% in May from April, the ONS said. A Reuters poll of economists had pointed to a contraction of 0.3% from April.
13.07 / 04:39
Provident
Reuters
JPMorgan
Platform
Chase
UN calls on Russia's Putin to extend Black Sea grain agreement: Report
Reuters reported. Currently, the last two ships under the agreement are being loaded with cargo at the Ukrainian port of Odesa before the deadline. Moscow has made a significant request for the re-establishment of connectivity between the Russian agricultural bank, Rosselkhozbank, and the SWIFT international payment network.
13.07 / 04:39
UPS
Reuters
NIFTY
SENSEX
Rupee opens 29 paise higher at 81.95 against the US dollar
rupee rose 12 paise and closed at 82.24 a dollar. US consumer prices advanced 3% in June, their smallest year-on-year increase since March 2021, after 4% growth in May.
13.07 / 02:53
COST
Reuters
rate hikes
end
Gold holds steady on hopes of Fed nearing end of rate hikes
Gold prices held steady on Thursday after advancing more than 1% in the previous session, as U.S. inflation data raised hopes that the Federal Reserve would soon stop tightening its monetary policy. * Spot gold was almost unchanged at $1,957.48 per ounce by 0039 GMT.
13.07 / 02:15
12.07 / 21:19
COST
Reuters
Platform
LinkedIn
SAP
Government says no need for rethink after online gaming tax backlash
Revenue secretary Sanjay Malhotra Wednesday said government decision to impose a 28% tax on funds that online gaming companies collect from their customers will not need further consultation and an early review is unlikely, reported Reuters. Shares of casino operator Delta Corp and other online gaming companies plunged in Wednesday's trade after government, late Tuesday, announced to impose a 28% tax on fund that online gaming companies collect from their customers.
12.07 / 19:47
Facebook
UPS
Reuters
hearing
Meta to contest EU antitrust charges at July 13 hearing
Facebook owner Meta will contest EU antitrust charges at a closed hearing on Friday in a bid to stave off a possible hefty fine after regulators charged it with tying its classified advertisements service to its social network, people familiar with the matter said. The European Commission sent a charge sheet to the world's most popular social network last December, singling out two practices that showed that Meta abused its market power.
12.07 / 19:09
12.07 / 16:43
UPS
Target
Reuters
Russian consumer inflation accelerates again in June
(Reuters) — Inflation in Russia accelerated in June, data from the state statistics service Rosstat showed on Wednesday, a little over a week before the central bank is expected to hike interest rates for the first time in more than a year.
12.07 / 16:13
UPS
Lowe's
Target
Reuters
McDonald's
surges
India's retail inflation for June surges to 4.81%, economists expect it to rise further; Check details
Reuters poll of 55 economists. Apart from the retail inflation, the food inflation also surged to 4.49 percent against a revised 2.96 percent in May.
12.07 / 16:13
Citi
Provident
Reuters
Silver
Gold, silver prices surge by about ₹200 each as dollar dips; check prices
₹195 to ₹59,700 per 10 grams on Wednesday amid strong global cues. In the previous trade the precious metal at ₹59,505 per 10 grams. Silver increased by ₹200 to ₹72,700 per kilograms.
12.07 / 15:59
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