Reuters Financial News
05.07 / 14:29
Provident
Reuters
CEO
Artem Savinovsky, chief of Russia's Yandex faces court case for 'LGBT propaganda'
Yandex faces prosecution in a Russian court for alleged offences under the country's so-called "LGBT propaganda" law, a notice on the court's website said on Wednesday. The move to prosecute Artem Savinovsky, for which no hearing date was listed, comes a day after a different court levied a 1 million rubles ($11,048) fine against an online film database owned by Yandex under the same law.
05.07 / 13:15
Provident
Target
FIVE
Reuters
Cooper
Oil prices
Oil prices today: Brent, MCX crude pare gains on economic headwinds even as traders weigh supply cuts
₹5,863 per bbl, having swung between ₹5,795 and ₹5,895 per bbl during the session so far, compared to their previous close of ₹5,850 per bbl. Also Read: Asia refiner expects Saudi Arabia to cut August crude prices -Brent has dropped from $113 per barrel a year ago, sent lower on concerns of sluggish economic growth. However, both Saudi and Russia have been trying to raise oil prices with new output cuts.
05.07 / 12:45
UPS
Reuters
Remark
Moderna
reports
medicines
Moderna to invest $1 billion in China to develop mRNA medicines - reports
Investing.com -- Shares in Moderna (NASDAQ:MRNA) moved higher on Wednesday after media reports said that the drugmaker had signed a memorandum of understanding and a land collaboration agreement with China to research and develop messenger RNA medicines in the country.
05.07 / 12:31
COST
UPS
Provident
Reuters
Google
PwC
Leak
PwC Australia ties Google to tax leak scandal: report
PwC Australia provided Google confidential information about the start date of a new tax law leaked from Australian government tax briefings, according to two sources familiar with the matter. This is the first time a company has been directly linked to the national scandal involving the «big four» accounting firm that was first revealed in January. PwC is under fire because several years ago a former partner, Peter Collins, who advised the Australian government on anti-tax avoidance laws shared confidential drafts with colleagues about the government's plans that were then used to drum up business with multinational companies.
05.07 / 10:37
Lowe's
Reuters
Manufacturing
Compilation
COMPOSITE
Browser
Euro zone business activity contracts in June
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05.07 / 10:13
FIVE
Reuters
Booking
NIFTY
SENSEX
end
Market wrap: Sensex, Nifty end flat; market mcap hits record ₹300 lakh crore mark
Nifty witnessed some profit booking on Wednesday (July 5) amid weak global cues ahead of the minutes of the Federal Reserve's last policy meeting. Moreover, concerns over the global economic slowdown hit the risk appetite of investors after China's services sector data came below expectations. "China's services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand weighed on post-pandemic recovery momentum," reported Reuters.
05.07 / 05:03
UPS
Reuters
NIFTY
SENSEX
Rupee opens marginally lower at 82.05 against the US dollar
US Federal Reserve June meeting minutes, due later in the day. The local unit fell 3 paise to open at 82.05 a dollar as compared to the previous close of 82.02. Asian currencies declined on Wednesday after data revealed that China's services activity retreated in June.
05.07 / 03:03
Target
Reuters
Progressive
Manufacturing
CEO
Action
Micron
restrictions
China's restrictions on chip-making materials are 'just the start', warns ex-vice minister
Reuters. If restrictions targeting China's high-technology sector continue then countermeasures will escalate, Wei said. Meanwhile, according to Wall Street Journal, China set export restrictions on two minerals the US says are critical to the production of semiconductors, missile systems and solar cells, a show of force ahead of economic talks between two rivals that increasingly set trade rules to achieve technological dominance.
05.07 / 02:23
UPS
Reuters
Oil prices
Oil prices ease as worries over global economic slowdown weigh
supply due to output cuts announced by top exporters Saudi Arabia and Russia for August. Brent crude was down 14 cents, or 0.2%, at $76.11 a barrel by 0027 GMT, after climbing $1.60 on Tuesday. U.S.
04.07 / 20:09
Facebook
Twitter
Reuters
Extreme
CEO
Platform
Meta Platforms
Twitter CEO Linda Yaccarino backs widely criticized tweet-reading rate limits
Twitter CEO Linda Yaccarino on Tuesday tweeted a defense of the temporary cap announced July 1 on the number of tweets users can read in a day, and the company said advertising has been stable in the days since the step that drew heavy criticism from users and marketing professionals. Yaccarino wrote in her tweet: «when you have a mission like Twitter — you need to make big moves to keep strengthening the platform.» It was her first public comment on the limits announced on Saturday by owner Elon Musk, who said the step was meant to discourage «extreme levels» of data scraping and system manipulation.
04.07 / 17:47
04.07 / 17:45
04.07 / 14:53
04.07 / 14:41
Twitter
Target
FIVE
Reuters
Ball
Chase
Sunak
Jonny Bairstow stumping makes Ashes 2023 a Rishi Sunak Vs Anthony Albanese match
Australian Prime Minister Anthony Albanese Tuesday defended his country's Ashes cricket team, after Rishi Sunak—his UK counterpart—said a dismissal during the second test was against the spirit of the game. With England on 193-5 and chasing a mammoth target of 371, Australia wicketkeeper Alex Carey underarmed the ball at the stumps after batsman Jonny Bairstow left his crease at the end of an over during the fifth day of the match. The dismissal triggered long and loud booing from the crowd at Lord's and saw premiers of both the countries weighing in behind their skippers.
04.07 / 14:23
UPS
Waves
Reuters
Manufacturing
Commerzbank
Oil trades higher as market weighs supply cuts by top exporters; Asia expects Saudi to cut August prices
extend its voluntary output cut of 1 million barrels per day (bpd) to August, while Russia and Algeria volunteered to lower their output and export levels for August by 500,000 bpd and 20,000 bpd respectively. Also, Asian refiners expect Saudi Arabia to lower prices for its crude supply to the region in August, according to a survey by news agency Reuters, even as the top oil exporter pledged to deepen production cuts as part of a broader deal by the Organization of the Petroleum Exporting Countries and its allies, or OPEC+.
04.07 / 13:13
Reuters
Cooper
Action
UN Human Right Council to host urgent meeting over Sweden Koran burning incident
Reuters reported. A spokesperson of the global human rights body also informed that it will likely conduct a debate on the issue of the rise of religious hatred later this week. The Koran burning incident in Sweden drew criticism from various quarters.
04.07 / 12:45
UPS
Provident
Reuters
Yellow
UBS
Silver
Gold Prices
Gold prices rise ₹130, silver prices jump ₹100 amid strong global cues
₹130 to ₹59,280 per 10 gram in the national capital on Tuesday amid strong global cues. The yellow metal had ended at ₹59,150 per 10 gram in the previous trade. Silver also jumped ₹100 to ₹71,300 per kg.
04.07 / 12:45
COST
Lowe's
Reuters
CEO
India's June palm oil imports jump 49% from May over lowest prices in 28 months; check details
Also Read: Decoding the dilemma behind escalating cooking oil imports But lower imports in May and the price correction encouraged Indian buyers to increase purchases in June, Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and consultancy firm told Reuters. Price-sensitive Asian buyers typically rely on palm oil because of the low cost and quick shipping times.
04.07 / 11:29
04.07 / 09:17
COST
UPS
Lowe's
Reuters
CEO
India's June palm oil, soyoil imports jump on lower prices
palm oil imports jumped 49% from the previous month to their highest in three months as buyers took advantage of a dip in prices to their lowest in 28 months to increase purchases, six dealers told Reuters. A rebound in buying by the world's biggest vegetable oil importer would support Malaysian palm oil futures and help top producers Indonesia and Malaysia to trim inventories. Palm oil imports by India rose to 655,000 metric tons in June, up from 439,173 metric tons in May, according to average estimates from the dealers.
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