Reuters Financial News

25.01 / 09:13

markets COST Reuters Manufacturing Interviews Jindal Stainless cuts export forecast on Red Sea crisis, weaker EU, US demand

Jindal Stainless Ltd has cut its exports forecast for the fiscal year ending March due to freight disruptions in the Red Sea and faltering demand in Europe and the United States, a top executive said. India's biggest stainless steel manufacturer hopes to ship out 10-12% of its estimated overall sales of over 2.1 million metric tons in 2023/24, down from its previous forecast of 15%, Abhyuday Jindal, managing director of Jindal Stainless, told Reuters in an interview. The company is exploring «new options» and a «variable freight model», Jindal said, as part of efforts to deal with the challenges posed by attacks launched by the Iran-allied Houthi militia on ships in the Red Sea.

25.01 / 08:35

Reuters security President information Department Interviews US envoy sees rapid F-16s sale to Turkey after Sweden NATO bid sign-off

President Tayyip Erdogan will give a final sign-off on Sweden's NATO membership within days, triggering rapid steps toward U.S. Congress endorsing a sale of F-16 fighter jets to Ankara. In an interview on Thursday, Ambassador Jeff Flake said that once the formal ratification document is received in Washington, the U.S.

25.01 / 07:35

Reuters Election President country reports evacuation Relationships NOT India-Maldives Row: Navy Chief R Hari Kumar denies receiving orders to withdraw troops: ‘Delhi has not really…’

Mohamed Muizzu asking India to withdraw troops from the island nation, India's Navy Chief R Hari Kumar has said that Prime Minister Narendra Modi's government has not told its defence personnel to pull out from Maldives. India and Maldives are reportedly in talks over the removal of troops from Maldives.

25.01 / 07:35

markets UPS Reuters Google Apple Software reports AI race propels Silicon Valley tech firms Microsoft, Meta, and Google to new highs. Here's why

Meta piloting gen AI tools for advertisers So, despite the industry-wide layoffs and low economic mood, what gives? We take a look. Software giant Microsoft Corporation achieved a historic market valuation of $3 trillion briefly on January 24, showcasing the profound impact of optimism surrounding artificial intelligence (AI) on its remarkable growth, Bloomberg reported. The company's stock experienced a 1.7 percent surge, reaching $405.63, pushing its market capitalisation just above $3 trillion during market hours.

25.01 / 00:41

UPS Reuters CEO Software Bill Features ServiceNow raises annual subscription revenue forecast on GenAI product demand

(Reuters) -ServiceNow raised its forecast on annual subscription revenue on Wednesday, as the software firm expects to attract new clients for its generative artificial intelligence (AI) products.

24.01 / 19:29

Reuters economy President performer country stake Bill Ackman, wife buy 4.9% stake in Israeli stock exchange

JERUSALEM (Reuters) -Billionaire hedge fund manager Bill Ackman and his Israeli-born wife, Neri Oxman, spent $25 million for an equity stake of around 4.9% in the Tel Aviv Stock Exchange (TASE), the Israeli bourse said on Wednesday.

24.01 / 18:15

Citi Reuters Fighting Southern Food War Ceasefire talks gain ground even as IDF continues attack

Gaza when Israeli hostages and Palestinian prisoners would be released, sources told Reuters, as Israel pressed ahead with its assault on southern Gaza's main city. Qatar, the US and Egypt have for weeks shuttled between Israel and the militant group that runs Gaza trying to broker terms for a break in fighting, which would also allow in more food and medical supplies. But the two sides remain at odds over how to permanently end the Gaza war, which Hamas insists must be decided as part of any ceasefire agreement, the sources said. Israeli spokesperson Eylon Levy said on Tuesday there would be no ceasefire that left Hamas in power and hostages in Gaza, following the militant group's cross-border rampage on Oct.

24.01 / 16:11

Reuters CEO Platform Tesla information reports Tesla plans affordable mass-market EV in mid-2025

Tesla (NASDAQ:TSLA) has informed its suppliers of plans to commence production of a new mass-market electric vehicle, codenamed «Redwood,» by mid-2025, as reported by Reuters on Wednesday, citing four individuals familiar with the matter, with two sources describing the model as a compact crossover.

24.01 / 16:11

Reuters wellness voice Department rights Senator Warren, other Democrats ask Commerce to extend gun export pause, increase oversight - letter

By Mike Stone

24.01 / 15:48

UPS Reuters CEO Pool performer reports Surprise as Bank of America cuts jobs three days before bonuses

Bank of America is cutting jobs.Headhunters told us yesterday that cuts were coming at the bank, and both Financial News and Reuters are reporting today that people have gone. The cuts are being made on the cusp ofbonus announcements, which are due this Friday.

24.01 / 15:21

markets Reuters Mobile economy country exclusive International open Saudi Arabia to open first alcohol store in Riyadh for non-Muslim diplomats

RIYADH : Saudi Arabia is preparing to open its first alcohol store in the capital Riyadh which will serve exclusively non-Muslim diplomats, according to a source familiar with the plans and a document. Customers will have to register via a mobile app, get a clearance code from the foreign ministry, and respect monthly quotas with their purchases, said the document, which was seen by Reuters. The move is a milestone in the kingdom's efforts, led by Saudi Crown Prince Mohammed bin Salman, to open the ultra-conservative Muslim country for tourism and business as drinking alcohol is forbidden in Islam.

24.01 / 14:09

Reuters Boeing community love stars reports Investigations Plane carrying Rio Tinto workers to diamond mine crashes in Canada, resulting in fatalities

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24.01 / 13:55

Reuters lending crypto regulation country reports Investigations International Nexo Seeks $3B in Damages from Bulgaria Over Aborted Investigation Affecting US Stock Listing

Crypto lender Nexo has started a legal battle seeking $3 billion in damages from Bulgaria following an aborted criminal investigation that the company claims derailed its plans for a US stock market listing and a soccer sponsorship deal.

24.01 / 13:29

markets Reuters Manufacturing Netflix Tesla information reports Netflix, Tesla and ASML rise premarket; AT&T, DuPont fall

Investing.com — U.S. futures rose Wednesday, boosted by generally positive corporate results as the quarterly earnings season kicks into top gear.

24.01 / 11:17

Reuters Manufacturing Compilation economy Commerzbank show Headlines Euro zone business activity contracts again in January

By Jonathan Cable

24.01 / 05:59

UPS Reuters economy Food trends show India's economy predicted to grow 6.9% this fiscal year: Reuters Poll

Prime Minister Narendra Modi's government spending in recent years has gone into building infrastructure. Private investment and job creation have lagged, suggesting New Delhi will continue to play an outsized role in India's economic growth. The Jan.

24.01 / 03:17

Reuters Landmark show information reports isolate testing North Korea fires cruise missiles off west coast, Seoul says

North Korea fired multiple cruise missiles towards the sea off its west coast on Wednesday, South Korea's Joint Chiefs of Staff said, in the latest sign of heightened tensions on the Korean peninsula. The missiles were fired at around 7 a.m. (2200 GMT on Tuesday) and the launches were being analysed by South Korean and U.S.

24.01 / 02:47

UPS Reuters Fighting security Southern War One-month Gaza truce focus of intensive talks, sources say

ceasefire, but the framework plan is being held up by the two sides' differences over how to bring a permanent end to the Gaza war, three sources said. Intense mediation efforts led by Qatar, Washington and Egypt in recent weeks have focused on a phased approach to release different categories of Israeli hostages — starting with civilians and ending with soldiers — in return for a break in hostilities, the release of Palestinian prisoners and more aid to Gaza.

24.01 / 02:47

Reuters Cooper Manufacturing Trade reports Interviews Investigations China says EU's 'unfair' EV subsidies probe risks damaging ties

China's ambassador to the European Union called the EU's probe into Chinese electric vehicle manufacturers over state subsidies «unfair», Fu Cong told Bloomberg News in an interview. Cong told Bloomberg that China is cooperating with the EU's probe «because we do want to avoid a situation that the two sides will have to resort to trade measures against each other».

23.01 / 21:07

Reuters Fox Airlines Boeing reports Traffic International Delta Boeing plane loses nose tire moments before takeoff: 'Rolled off the runway'

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23.01 / 20:01

Reuters Airlines Boeing exclusive reports Updates Exclusive - Boeing presses suppliers on tightening bolts after loose parts found in 737 MAX 9 checks

By Valerie Insinna and David Shepardson

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