Reuters Financial News
05.04 / 18:17
Citi
Reuters
President
show
rock
reports
New York earthquakes are rare, felt across broader area: Times when US cities felt 'strong' tremors
Reuters as saying. The earthquake centred near Whitehouse Station, was reportedly the third largest in the last 50 years and the 10th-strongest of all time in the Northeast. According to the data cited by CNN, the largest earthquake of 5.3 magnitude quake took place in Au Sable Forks, New York, in 2002.
05.04 / 18:17
markets
COST
Reuters
reports
Department
Gold Prices
Gold prices hit new record high, continue to gain for third week straight; silver surges by 1.4%
World markets today: US stocks surge on robust jobs data; Krispy Kreme, Shockwave Medical among top gainers on NYSE “Gold and silver closed on a mixed note, after both precious metals hit fresh lifetime highs in the domestic market. Silver fell after reaching its highest level since June 2021, as investors awaited the important US employment data for fresh indications regarding the Fed's monetary easing. Gold and silver are also getting support due to escalating tensions in the middle-east.
05.04 / 17:15
markets
Target
Reuters
show
track
US labour market continues to show resilience with 303,000 jobs added in March
According to the US Bureau of Labor Statistics, total nonfarm payroll employment last month was higher than the average monthly gain of 231,000 over the previous 12 months, with most job gains occurring in health care, government and construction. The US jobs growth figures came in much stronger than the 200,000 job gains anticipated by economists polled by Reuters. The unemployment rate last month stood at 3.8%, against a forecast of 3.9%. Jerome Powell: Rate cuts likely as US inflation is on track to meet target «Earlier signs of a softening labour market, marked by a modest rise...
05.04 / 13:45
markets
BLOCK
Reuters
Booking
economy
recommendations
rights
Is this the last chance to lock your money in fixed deposits? Here are 4 key reasons
As anticipated, Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Friday announced to keep the repo rate constant at 6.5 percent for seventh consecutive time as he shared the outcome of first monetary policy committee (MPC) meeting in fiscal 2024-25.
05.04 / 13:21
Reuters
President
DAL
reports
strain
Modi govt approves highest-ever quotas for essential commodities to Maldives despite strained relations
PTI reported. In an official statement, the High Commission of India said on April 5, "Upon the request of the Government of Maldives, the Government of India has allowed for export of certain quantities of essential commodities for the year 2024-25 under a unique bilateral mechanism, wherein, the quotas for each of these items have been revised upwards.
05.04 / 06:41
Reuters
Research
Universities
Wildlife
cover
reports
strain
H5N1 bird flu behind hundreds of dead penguins in Antarctica? Here's what Scientists' research says
Reuters reported. Meagan Dewar, a wildlife biologist with Federation University who was a part of the latest expedition said, "This has the potential to have a massive impact on wildlife that is already being impacted by things like climate change and other environmental stresses," the Reuters report said.
05.04 / 03:27
Reuters
Platform
Trade
2020
Schools
Courts
Investigations
Meta pushes back on US FTC's bid to amend 2020 privacy settlement
Meta Platforms has rebuffed an attempt by the U.S. Federal Trade Commission to amend a 2020 privacy settlement, noting that it had voluntarily disclosed two technical errors related to its Messenger Kids app to the agency. Meta disclosed the bugs in July 2019, the Facebook-parent said in a filing on Thursday, adding it had spent $5.5 billion on its privacy program and related privacy initiatives.
05.04 / 02:19
markets
Reuters
Trade
President
reports
recommendations
Updates
jobless claims
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US jobless claims to oil price rally
Catch RBI Monetary Policy 2024 LIVE Updates here On Thursday, the Indian stock market indices ended higher, snapping a two-day losing run, ahead of the RBI monetary policy decision. The Sensex gained 350.81 points, or 0.47%, to close at 74,227.63, while the Nifty 50 settled 80.00 points, or 0.36%, higher at 22,514.65. “Nifty has been consolidating in a narrow range at higher levels for the last few sessions, while broader markets have bounced back strongly, especially after a sharp recent correction.
04.04 / 16:13
Reuters
Booking
Aviat
Manufacturing
Airlines
Boeing
reports
Alaska Air says Boeing paid $160 mn in compensation after MAX 9 grounding
Alaska Air Group said on Thursday that Boeing had paid about $160 million to the airline in the first quarter as initial compensation to address the hit from the temporary grounding of 737 MAX 9 jets. The payment is equivalent to lost profits in the quarter, the carrier said in a filing, adding it expects additional compensation.
04.04 / 16:13
04.04 / 13:59
Target
FIVE
Reuters
economy
Election
rowing
Narendra Modi sets ambitious economic goals for probable third term
Narendra Modi, confident of winning a national election starting this month, has set an ambitious target of roughly doubling the economy and exports this decade, according to a government document seen by Reuters. Modi has highlighted economic growth as one of his biggest achievements in election rallies and has «guaranteed» making the economy the third largest in the world from fifth now if he wins a third term in a row as polls predict. He has already asked officials to finalise plans by around May to expand the economy to $6.69 trillion in nominal terms by 2030, from around $3.51 trillion currently, according to the October document. Though short on concrete details of how to achieve that, it has been a basis for officials' meetings.
04.04 / 13:31
UPS
Citi
Reuters
WhatsApp
Department
India's rice rates grind to 2-month low on soft demand
India slipped to their lowest level since early February this week, pressured by sluggish demand, while Thai rates declined for the fourth consecutive week due to a weaker baht. Top exporter India's 5% broken parboiled variety was quoted at $540-$548 per ton this week, down from last week's $550-$558. Prices hit a record high of $560 last month after customs officials changed the calculation method for the 20% export duty, resulting in a higher levy. Demand from Asian buyers was subdued, which brought down prices from the last month's highs, said Himanshu Agarwal, executive director at Satyam Balajee, a leading exporter.
04.04 / 13:31
markets
UPS
Reuters
Aware
Tesla
country
Tesla begins making cars in Germany for export to India this year -sources
Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year, three people aware of the company's plans told Reuters, as it moves ahead with a possible entry into the world's third-largest car market. A team from Tesla is expected to visit India later this month to look at sites for a local car manufacturing plant that would require an investment of about $2 billion, said two of the three people, who declined to be named because the plans are not public yet. India last month slashed the import tax rate on certain electric vehicles if their makers invest at least $500 million in the country and start production there within three years. The move is a win for Tesla, which had lobbied for months for lower taxes, but faced resistance from local carmakers.
04.04 / 02:47
Reuters
security
Election
President
information
reports
Donald Trump speaks with Saudi Crown Prince Mohammed bin Salman amid US Presidential polls, says report
Donald Trump has had a recent conversation with Saudi Crown Prince Mohammed bin Salman, according to the New York Times, citing information from two individuals briefed on the matter. Reuters reported that the newspaper reported that it was unclear what Trump and the prince, known as MBS, discussed and whether this was their first conversation since Trump, who was president from 2017 to 2021, left office.
04.04 / 02:27
markets
UPS
Reuters
Trade
show
reports
recommendations
Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Powell’s speech to US private payrolls
Sensex fell 27.09 points, or 0.04%, to close at 73,876.82, while the Nifty 50 settled 18.65 points, or 0.08%, lower at 22,434.65. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 4 “Markets are trading with caution ahead of the RBI policy meeting and key macro data to be released in the US and Europe. We expect the market to consolidate over the next few days until the events unfold," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
04.04 / 02:27
Citi
Reuters
Man
Parke
reports
Department
Updates
Taiwan earthquake: 9 killed, over 1,000 injured after massive quake in Taipei; hotel workers missing | Top 10 updates
Taiwan on Wednesday morning. Around 42 workers on their way to a hotel in a national park went missing in the rubble, Reuters reported. Here are top 10 updates on Taiwan earthquake, 1) Two Indians — a man and a woman — have been reported missing after the earthquake.
04.04 / 01:47
markets
Reuters
DOW
economy
show
beautiful
S&P 500, Nasdaq close slightly higher after soft services sector data,
Nasdaq closed higher on Wednesday after data showing the U.S. services industry growth slowed further in March, but the advance was limited after Federal Reserve Chair Jerome Powell indicated a cut in interest was still not in sight. Most of the major S&P 500 sectors advanced, led by gains in energy, materials and communication services .
04.04 / 01:47
Reuters
Apple
show
country
reports
Videos
Apple services restored after brief outages globally
Apple services including its App Store, video and music streaming platforms Apple TV+ and Apple Music, were resolved after outages that affected users across multiple regions, the company's website showed. Issues were also reported on Apple's fitness service Apple Fitness+, as well as Arcade, Audiobooks, Books and Podcasts, according to Apple's system status pages for several countries reviewed by Reuters.
03.04 / 19:07
Reuters
Align
information
Oil prices continue to gain amid worries about supply disruptions; brent crude at $89.76/bbl
Gold prices continue to rise for fourth straight session, silver surges to two-year high During the session, both contracts experienced an increase of over one dollar each before the U.S. Energy Information Administration disclosed a 3.2 million barrel rise in crude stocks.
03.04 / 12:41
Reuters
Manufacturing
Tesla
WhatsApp
reports
Tesla to scout sites in India for $2 bn-$3 bn EV plant
Tesla will send a team to India this month to scout locations for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday. India last month lowered import taxes on certain electric vehicles produced by carmakers that commit to invest at least $500 million and start domestic manufacturing within three years. The company will send a team from the United States by late April to study sites for the plant, with a focus on states that have automotive hubs such as Maharashtra, Gujarat and Tamil Nadu, the report said, citing people familiar with the matter.
03.04 / 11:43
Reuters
Williams
Discover
BBC
Experts
social
Videos
Getty Images editor’s note on Kate Middleton’s cancer revelation video sparks fresh conspiracy theories
ALSO READ: Harry feels ‘more spare than ever’ after Kate's cancer diagnosis: royal expert Kate had revealed that her cancer was discovered after she received abdominal surgery in January this year. Through the video, Kate had tried to end rumours and conspiracy theories about her whereabouts as she had been missing from the spotlight since her abdominal surgery.
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