Reuters Financial News

Dire Straits frontman Mark Knopfler is selling off a large part of his extensive guitar collection at a London auction with part of the proceeds going to charity. The collection, which includes some of the most significant guitars from Knopfler's 50-year career, is on show at Christie's auction house ahead of the Jan. 31 sale. «It's a wonderful collection of 122 items from Mark Knopfler spanning all of his career and it… represents physically his career as a musician and an instigator and supplier of our communal soundtrack,» Kerry Keane, Christie's specialist consultant for musical instruments, told Reuters. A 1983 red Schecter Telecaster-style guitar used to record Dire Straits' hit «Walk of Life» and which featured in its accompanying music video is estimated at 4,000 — 6,000 pounds ($5,072 — $7,609). A 1983 Gibson Les Paul Standard '59 reissue used for the track «Money for Nothing,» which contains one of Knopfler's most iconic guitar riffs, has an estimate of 6,000 — 8,000 pounds. Christie's said an original version of the 1959 Gibson Les Paul used by Knopfler for performances in the 2000s was likely to fetch the sale's highest price, with an estimate of 300,000 to 500,000 pounds.

Amazon.com said on Thursday it is laying off fewer than 5% of employees at its Buy with Prime unit. Launched in 2022, Buy with Prime gives retailers, who are not Amazon merchants, fulfillment and delivery services through its logistics network.

(Reuters) — Los Angeles Times plans to layoff a «significant» number of journalists, the newspaper's guild said on Thursday, adding that they would organize a one-day walk-out on Friday to protest against the planned move.

Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Investors will now focus on the corporate earnings for the third quarter of FY24 which so far have been a mixed bag. “We expect the market to consolidate in a range with limited upside amid a global uncertain environment.

Houthi anti-ship missiles directed at the Red Sea. As reported by Reuters, escalating tensions in the region's maritime routes have caused disruptions in global trade, leading to concerns about potential supply constraints that could potentially revive inflation.

By Mike Stone

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By Holger Hansen

By Manya Saini, Niket Nishant and Lananh Nguyen

Reddit plans to launch its initial public offering (IPO) in March, according to a report from Reuters on Thursday.

‘Mornings with Maria’ panelists react to December’s better-than-expected jobs report, detailing its expected impact on the labor market and U.S. economy.

Retired U.S. Army Blackhawk helicopter pilot Lt. Col. Darin Gaub says the only hope to mitigate conflict in the Middle East is for Israel to uphold its defense.

The investment firm for a member of the multibillionaire dynasty behind Thomson Reuters Corp. is looking to ramp up deal-making in New York City as it targets financial sector investments.

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits fell last week to the lowest level since late 2022, suggesting job growth likely remained solid in January.

Deutsche Bank CEO Christian Sewing on Thursday said that merger and acquisition activity is not a priority for his group, as speculation resurfaces over the future of domestic rival Commerzbank.

By Jarrett Renshaw

Investing.com — Mizuho Financial Group (TYO:8411) is in «full-fledged» discussions with overseas asset managers about potential deals as part of a bid by the Japanese banking firm to increase its assets to $1 trillion in the next decade, Reuters reported, citing a senior executive.

By Ueslei Marcelino

(Reuters) — Google CEO Sundar Pichai told employees to expect more job cuts at the Alphabet-owned company this year, The Verge reported on Wednesday, citing an internal memo.

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