Reuters Financial News

27.03 / 12:09

Reuters RBI likely sold US dollars after rupee slips to fresh record low, traders say

Mumbai: The Indian central bank likely sold U.S. dollars to cap further deprecation in the rupee after the currency hit a fresh record low on Wednesday due to strong dollar demand from local importers and oil companies, four traders told Reuters.

27.03 / 08:59

Provident Reuters Remark reports Courts Updates Arvind Kejriwal ED Arrest Case: MEA strongly objects to US's remarks, says ‘states expected to be respectful of…’

Reuters as saying. “We encourage a fair, transparent, and timely legal process for Chief Minister Kejriwal," Reuters had reported quoting a US spokesperson.

27.03 / 03:35

Reuters Digital crypto mining Bill Trade country Russian Ministries Discuss Crypto Mining ‘Legalization’ – But There’s a Twist

Russian ministries could be prepared to “legalize” industrial crypto mining in the country. But one key department could yet throw a spanner in the works.

27.03 / 03:11

Reuters security ByteDance TikTok Bill reports Schools Biden administration pursuing TikTok over data practices: report

TikTok over allegedly faulty privacy and data security practices, and could decide to bring a lawsuit or settlement in the next few weeks, Politico reported on Tuesday citing people with direct knowledge of the matter. Earlier in March, the U.S. House of Representatives overwhelmingly voted to pass a bill giving ByteDance about six months to sell the U.S. assets of the app, or face a ban.

27.03 / 02:57

markets Target Reuters Trade reports Oil prices fall for a second day as US crude inventories increase

Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the U.S., the world's biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week. Brent crude futures for May dropped 69 cents, or 0.8%, to $85.56 a barrel at 0150 GMT. The May contract is set to to expire on Thursday and the more actively traded June contract declined 60 cents, or 0.7%, at $85.03.

26.03 / 19:15

markets Reuters Research Trade country gatherings Oil prices stabilise on weaker US dollar while investors weigh tighter Russian supply; Brent at $86/bbl

₹6,811 per barrel on the multi commodity exchange (MCX). Brent rose 1.5 per cent on Monday and WTI gained 1.6 per cent after Russia ordered companies to cut output in the second quarter to meet a nine million barrels per day target to comply with the supply cut decisions taken by the Organisation of Petroleum Exporting Countries (OPEC). -Russia, among the top three global oil producers and one of the largest exporters of oil products, is also contending with a series of recent attacks on its oil refineries by Ukraine and has mounted its own attacks on Ukrainian energy infrastructure.

26.03 / 16:15

Reuters Fox Trade country reports Department Traffic Baltimore bridge collapse to bring trade and traffic chaos

The Baltimore Fire Department called the collapse a developing mass casualty event.

26.03 / 15:57

Reuters Death reports testing patient Schools US lawmaker seeks answers on FDA inspection of Musk's Neuralink

Elon Musk's Neuralink before allowing the brain implant company to test its device in humans. Reuters reported last month that FDA inspectors found problems with record keeping and quality controls for animal experiments at Neuralink last June, less than a month after the startup said it was cleared to test its brain implants in humans.

26.03 / 15:57

Reuters Waters Highways Experts Anthem show reports Baltimore bridge collapse reason: Why did Francis Scott Key Bridge fall and what do we know about ship accident?

At 1:27 am (ET), a container ship named the Dali was sailing down the Patapsco River when it struck a pylon of the bridge, crumpling almost the entire structure into the water. There was no indication of terrorism, police said, as per a Reuters report.

26.03 / 12:21

UPS Citi Reuters Citigroup Trade stage reports Morning Coffee: Citigroup is on a mission to cut a lot of jobs this week. Top Barclays trader leaves after bonus complaints

It's Easter week for Christians and Ramadan for Muslims and Holi for Hindus, but Citigroup has less ethereal things on its collective mind. Having promised to finish the first stage of its 20,000 job cuts in the first quarter of 2024, it seems to be under a bit of pressure to finish them off.

26.03 / 10:21

FIVE Reuters WhatsApp Five Chinese nationals killed in suicide bomb attack in Pakistan

Chinese nationals were killed in an explosion when their convoy was attacked by a suicide bomber in northwest Pakistan on Tuesday, a top police officer said. A suicide bomber rammed an explosives laden vehicle into a convoy of Chinese engineers which was on its way from Islamabad to their camp in Dasu in the Khyber Pakhtunkhwa province, Mohammad Ali Gandapur, the regional police chief, told Reuters.

26.03 / 09:59

Reuters Align Sustainability stage country reports guidelines GAIL set to commission India's first green hydrogen project in April

GAIL (India) Ltd, is preparing to commission the country's first green hydrogen project in the coming weeks. As reported by Reuters and confirmed by multiple sources within the company, this pioneering initiative is slated to commence operations at GAIL's Vijaipur complex in Madhya Pradesh by April.

26.03 / 07:23

markets Reuters Progressive security economy Cycling show German consumer sentiment stays on slow recovery path, finds GfK

BERLIN (Reuters) — German consumer sentiment is expected to stay on its path of slow recovery in April, helped by fewer households seeing the need to save even as uncertainty about Germany's economic development still abounds, a survey showed on Tuesday.

26.03 / 05:49

UPS Reuters CEO Airlines Boeing reports Boeing may look for new CEO outside: A look at who could replace Dave Calhoun next year

choose a new CEO from outside its ranks as it navigates operational and legal challenges under 66-year-old Dave Calhoun, as per a Reuters report. Calhoun is set to step down by 2024-end to make way for a new CEO.

26.03 / 03:43

markets UPS Target Reuters economy Research Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

By Uditha Jayasinghe

26.03 / 02:05

Provident Reuters security Election President cover reports Billionaires sought to help fund Trump bond in civil fraud case, sources say

By Alexandra Ulmer

26.03 / 02:05

UPS IPO Provident Reuters reports Adam Neumann submits over $500 million bid to buy back WeWork, source says

(Reuters) -Adam Neumann has submitted a bid of more than $500 million to buy back WeWork, the office-sharing company he co-founded and propelled to a $47 billion valuation before it fell into bankruptcy, a person familiar with the matter told Reuters.

26.03 / 01:41

markets UPS Reuters Trade show reports recommendations Geopolitical tensions Indian stock market: 7 key things that changed for market over weekend - Gift Nifty, geopolitical tensions to oil prices

Sensex gained 190.75 points, or 0.26%, to close at 72,831.94, while the Nifty 50 settled 84.80 points, or 0.39%, higher at 22,096.75. In the last week of March, investors will now keep an eye on several stock market triggers including domestic macroeconomic data, government announcements on fiscal closing, foreign capital inflow, and other global market cues. “This week being a truncated week and the derivatives’ monthly expiry, we might see some volatility while Nifty is likely to consolidate at higher levels.

26.03 / 01:17

BLOCK Reuters security Sustainability Death War Hamas will stick to its ‘original position’ on full ceasefire with Israel

Reuters. The ceasefire deal includes the withdrawal of Israeli troops from Gaza, a return of displaced Palestinians, and a 'real' exchange of prisoners. The United Nations Security Council has also made its first-ever demand for an ‘immediate ceasefire’ during the Muslim holy month of Ramadan.

25.03 / 21:37

Citi Reuters CEO Citigroup wellness performer Citigroup to end sweeping overhaul this week after 5,000 layoffs

By Tatiana Bautzer, Lananh Nguyen and Manya Saini

25.03 / 21:37

markets UPS Reuters Career Tesla Trade Department Fisker deal talks with big automaker collapse, NYSE to delist stock

By Akash Sriram and Zaheer Kachwala

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