Reuters Financial News
02.03 / 17:25
02.03 / 15:45
02.03 / 15:45
02.03 / 15:09
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Oil reports weekly gain as traders await OPEC+ quarterly supply decision; Brent settles 2% higher at $83/bbl
Also Read: US sanctions threaten Russian oil sales to India; complicate process for OMCs to secure annual deals: Report Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a March 19 expiry, last settled 0.02 per cent lower at ₹6,637 per bbl, having swung between ₹6,475 and ₹6,694 per bbl during the session, against a previous close of ₹6,638 per barrel. -A decision on extending OPEC+ cuts is expected in the first week of March, with individual countries expected to announce their decisions. Analysts said that the expectation that OPEC+ is going to continue with their voluntary production cuts well into the second quarter of 2024.
02.03 / 08:39
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Reuters
Google
Platform
Action
Courts
Govt calls Google, delisted apps for a meeting next week to resolve dispute
government has taken action in response to Google's delisting of certain applications from the Play Store by calling a meeting with the tech giant. Union Minister Ashwini Vaishnaw stated that the government strongly opposes the delisting of apps and will not allow it to happen. «Government takes strong view of Google delisting some apps from Play Store. We will not allow delisting of apps,» PTI quoted Vaishnaw as saying.
02.03 / 03:31
Citi
Reuters
Food
Death
hospital
Videos
Injured survivors of Gaza aid chaos say Israeli forces shot at them
Palestinians injured in a Gaza aid delivery disaster said on Friday that Israeli forces shot them as they rushed to get food for their families, describing a scene of terror and chaos. Health authorities in Hamas-run Gaza said 115 people were killed in the incident on Thursday, attributing the deaths to Israeli fire and calling it a massacre.
02.03 / 01:03
01.03 / 21:45
COST
Reuters
Aviat
Manufacturing
Boeing
Research
reports
Boeing in early talks to buy supplier Spirit Aero
By Abhijith Ganapavaram, Allison Lampert and Valerie Insinna
01.03 / 21:01
01.03 / 20:19
01.03 / 19:39
markets
UPS
FIVE
Reuters
Sustainability
Trade
FIIs infuse over ₹870 crore in cash markets despite high US bond yields, DIIs net buyers in February; What lies ahead?
₹23.51 crore. while DIIs were buyers for three out of five sessions, with a total investment of ₹8,268 crore, according to stock exchange data. On a monthly basis, FIIs have infused over ₹870 crore in cash markets despite high US bond yields.
01.03 / 19:39
markets
Target
Reuters
DELL
Dell surges record 25% following an upbeat in IT equipment demand to handle AI boost
increasing adoption of AI, which is becoming a catalyst for growth among vendors in enterprise technology. The fresh boom for Dell Technologies came days after Nvidia added a whopping $277 billion to its market capitalization in a single day, becoming the fourth biggest company in the world. The tech giant's stock rallied 17% on the backs of strong 233% growth in current-quarter revenue and booming AI market.
01.03 / 18:43
COST
Reuters
Manufacturing
CEO
Boeing
reports
Investigations
Boeing in discussions to buy supplier Spirit AeroSystems
By Abhijith Ganapavaram and Allison Lampert
01.03 / 18:43
01.03 / 14:29
markets
IPO
Reuters
Digital
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Sebi clears Fairfax-backed Digit's IPO after delay, letter shows
Insurance the go-ahead to launch an IPO after multiple compliance issues delayed approval for the deal originally planned in 2022, according to a letter seen by Reuters. Digit, last valued at $3.5 billion, filed for an initial public offering in August 2022 but its plans were halted twice by the Securities and Exchange Board of India, which raised concerns over the legality of some share issuances, Reuters reported.
01.03 / 12:55
Reuters
Food
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Archer-Daniels-Midland
reports
International
ADM expects to disclose material weakness in annual report
(Reuters) -Grain trader Archer-Daniels-Midland said on Friday it was expecting to report material weakness in the internal control over financial reporting in its annual report, which it aims to file by March 15.
01.03 / 11:45
markets
Reuters
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International
cricket
Sporting
Grip over cricket may lead to antitrust heat in Disney-Reliance India merger
Reliance's media assets in India could spark intense antitrust scrutiny over their market power, with lawyers flagging concerns that the combined entity's strong portfolio of cricket broadcast rights could impact advertisers. The Disney-Reliance $8.5 billion merger would create India's No. 1 TV player with 120 channels, with local rival Zee closest with 50. Analysts at India's Ambit Capital estimate the entity, to be majority owned by billionaire Mukesh Ambani's Reliance, will have a 35% share of India's TV viewership.
01.03 / 10:53
UPS
Reuters
Death
President
gatherings
'Nothing to say to Navalny's family': Kremlin days after Opposition leader's death
Reuters. On being asked about the late Navalny's significance as a political figure, the Kremlin said it can't give any assessment. Meanwhile, the Kremlin on Friday warned against any unsanctioned gatherings during the funeral of opposition leader Alexei Navalny in Moscow, AFP quoted Russian news agencies as saying. "Any unauthorised gatherings will be in violation of the law and those who participate in them will be held responsible," spokesman Dmitry Peskov said according to TASS.
01.03 / 07:01
COST
UPS
Reuters
Manufacturing
economy
Puzzle
India's factory growth at a five-month high in February, cost pressures cool
India Q3 GDP data: Indian economy grows by 8.4% in Dec quarter driven by construction, manufacturing sector Asia's third-largest and the world's fastest-growing major economy expanded 8.4% in the October-December quarter, partly helped by a surge in manufacturing, according to data released by the government on Thursday. That growth rate was much stronger than the 6.6% expansion predicted in a Reuters survey, where the highest forecast was 7.4%. The manufacturing sector, which accounts for 17% of India's economy, expanded 11.6% year-on-year last quarter.
01.03 / 07:01
Provident
Reuters
Manufacturing
Micron
electronic
stars
testing
All you need to know about CG Power's ₹7,600 crore chip facility approved by govt
₹7,600 crore (or $222 million) semiconductor facility in Sanand, Gujarat, as part of India's chip push. The Union Cabinet on February 29 approved the establishment of three semiconductor plants with a combined investment of ₹1.26 lakh crore. To encourage domestic manufacturing of semiconductors, the government is also offering incentives amounting to ₹76,000 crore.
01.03 / 05:21
COST
UPS
FIVE
Reuters
Manufacturing
economy
India's factory growth at five-month high in February, cost pressures cool
India's manufacturing industry enjoyed robust growth in February with activity expanding at its fastest pace in five months, led by accelerated global demand and lower inflationary pressures, a private survey showed. The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 56.9 in February from January's 56.5, beating a preliminary estimate of 56.7. India's manufacturing PMI has been above the 50-mark that separates growth from contraction for 32 months.
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