Reuters Financial News

17.04 / 03:57

Reuters Platform information reports Schools Investigations France's Mistral AI seeks funding at $5 billion valuation: report

Mistral AI has been speaking to investors about raising several hundred million dollars at a valuation of $5 billion, The Information reported on Tuesday. It's unclear which investors Mistral has spoken to about a new funding round, the report said, citing a person with direct knowledge of the matter.

17.04 / 03:57

Reuters Waters Extreme Remark country Equality Dubai's wettest day in history: 1.5 years of rain in 24 hours. What's behind UAE's record rainfall?

17.04 / 03:15

Reuters Airlines recommendations Schools Videos International Destinations Dubai Floods: Cars, runway submerged, Flydubai suspends flights, schools closed due to heavy rain | Watch videos here

Reuters. "All flydubai flights scheduled for departure from Dubai this evening (16 April) have been canceled effective immediately until 10:00 (Dubai local time) on 17 April. During this period, passengers who do not have Dubai as their final destination will not be accepted for travel," a flyDubai spokesperson was quoted as saying.

17.04 / 01:27

Reuters Platform Election country social Features ‘Withheld some political posts at Election Commission request’, says Elon Musk's X

Lok Sabha Elections 2024: Social media platform X on April 16 said that it had restrained certain posts in India featuring political content from elected officials, political parties, and candidates for office following directives from the country's Election Commission, Reuters reported. X (formerly known as Twitter), owned by Elon Musk, expressed disagreement with the orders issued by the election commission.

16.04 / 17:53

Reuters Citizens Platform pandemic Trade Experts electronic Mint Primer: Decoding RBI’s alert on illegal forex platforms

Mint explains: These are platforms where foreign exchange transactions can take place. They are used by corporates and traders to hedge their foreign currency risks. These transactions can be on over-the-counter (OTC) spot or derivatives platforms authorized by the RBI.

16.04 / 14:23

markets COST Reuters CEO Tesla reports International Tesla to lay off more than 10% of workforce

Former Tesla board member Steve Westly joins ‘Varney & Co.’ to break down the automakers' 1Q delivery report and its potential impact on the stock market.

16.04 / 12:05

Reuters security show country information India defers approval of Paytm's investment in its payments arm

Paytm Payment Services arm in part due to concerns about a Chinese shareholding in the parent company, according to three government officials and a document seen by Reuters. One 97 Communications, popularly known as Paytm, is already under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments bank in January. The sources indicated this was another reason for the deferral.

16.04 / 09:15

UPS Reuters Fitch reports China's first quarter GDP growth beats expectations with 5.3% year-on-year jump

The figure for the first quarter of the year, reported by the National Bureau of Statistics today (16 April), surpassed the expectations of Reuters analysts, who had predicted a growth rate of 4.6%. On a quarterly basis, GDP grew by 1.6%. Overall, China's GDP stood at CN¥29.63trn ($4.17trn) at the end of the period. Compared to the same period in 2023, China's industrial output was up 6.1%, with retail sales climbing 4.7%, according to the NBS. Fitch Ratings downgrades China's credit to 'Negative' as deficits 'erode fiscal buffers' Chinese residents' nominal disposable income wa...

16.04 / 08:35

Target Reuters Strategy economy show reports China's Q1 GDP growth surpassed expectations, data shows

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16.04 / 04:55

FIVE Reuters security BlackRock information reports Relationships Financial Jio Financial Services shares spike 5% after company announces JV with BlackRock

Jio Financial Services, the financial subsidiary of Reliance Industries, witnessed a significant surge of 5% during today's intraday session, reaching ₹371.95 per share. This increase follows the company's announcement, made through an exchange filing on Monday, regarding the signing of an agreement to establish a 50:50 joint venture with BlackRock.

16.04 / 03:49

Reuters show performer track social Olympics athletics ‘Body on display’: U.S. Olympians debate skimpy women’s uniform

Nike unveiled its designs for the new Team USA track and field uniforms for the Paris Summer Olympics and some current and former athletes are not happy, to say the least.

16.04 / 03:43

Reuters WhatsApp China March industrial output rises 4.5%, misses expectations

Tuesday's official data released by the National Bureau of Statistics (NBS) came in below expectations for an increase of 6.0% in a Reuters poll of analysts.

16.04 / 02:49

UPS Target Reuters economy wellness show China's Q1 GDP grows 5.3% y/y, well above forecast

China's economy grew 5.3% in the first quarter year-on-year, official data showed on Tuesday, comfortably beating analysts' expectations, a welcome sign for policymakers as they try to shore up demand and confidence in the face of a protracted property crisis. Analysts polled by Reuters had expected first-quarter gross domestic product (GDP) to expand 4.6% from a year earlier, compared to 5.2% in the previous three months.

16.04 / 02:49

markets UPS Citi Reuters economy Nov show Dollar firms after hot retail sales, yen languishes; China data awaited

Market focus was also on the Chinese yuan, with a slew of top-tier economic data due out of China later in the Asian morning expected to show the world's second-largest economy slowed in the first quarter.

16.04 / 02:03

Reuters Progressive Fox economy show reports American workers want record wages to change jobs, NY Fed finds

DISTILL CEO Neely Tamminga discusses whether the Fed has been restrictive enough to rein in inflation on Making Money.

15.04 / 20:15

markets COST Reuters Tesla show reports International Tesla to lay off more than 10% of global workforce amid falling sales

Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs).

15.04 / 12:53

markets Reuters Fox CEO Tesla reports International Tesla to lay off more than 10% of workforce, report says

Former Tesla board member Steve Westly joins ‘Varney & Co.’ to break down the automakers' 1Q delivery report and its potential impact on the stock market.

15.04 / 10:31

markets Reuters wellness Experts War Iran-Israel Tensions: How do they impact Indian stock market? Here's what experts say

Reuters. Even though the Indian market sank today, experts do not see any long-term repercussions of the Middle East conflict on the Indian indices. "The escalation in the potential conflict between Iran & Israel is a serious development and will likely adversely impact oil pricing.

15.04 / 09:03

Reuters President country reports Updates Israel-Iran conflict: 'We have to ensure Israel's protection,' says French President Emmanuel Macron

Iran attacks on Israel LIVE Updates: US, allies destroyed over 80 drones, missiles from Iran and Yemen, says Pentagon Late Saturday night, Iran launched a barrage of drones and missiles at Israel in response to Israeli attack on Tehran's consulate in Syria on April 1. Newswire Reuters quoted Macron as saying, “We are all worried about the possible escalation of the Middle East conflict.

15.04 / 06:43

Reuters Election trends President War country China’s Xi Jinping says ‘no force’ can stop ‘reunion’ with Taiwan

Amid heightened tensions between China and Taiwan, Chinese President Xi Jinping told a former Taiwanese president who supports unification that the countries “belong” together.

15.04 / 03:29

Target Reuters country evacuation Did Iran warn the US before launching attacks on Israel? Iranian foreign minister says...

missiles attack before 72 hours of its launch, said Turkish, Jordanian and Iraqi officials said on Sunday. “Iran gave neighboring countries and Israel's ally the United States 72 hours' notice it would launch the strikes," said Iranian foreign minister Hossein Amirabdollahian as quoted by Reuters. However, a senior official in the Biden administration stated that Tehran did not warn about the attack and that it was aiming to cause a significant damage.

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