Reuters Financial News

Investing.com-- Most Asian currencies weakened on Tuesday tracking a string of middling economic readings from the region, with the Australian dollar falling sharply after the Reserve Bank kept rates unchanged and offered scant cues on monetary policy. 

Facebook and Instagram parent company Meta is being sued by 83 Spanish media outlets over allegations that the social media giant breached EU data protection rules between 2018 and 2023, leading to unfair competition in the advertising market. The newspapers, led by media organisation AMI, claim that Meta's "massive" and "systematic" collection of users' personal data has given the company an 'illegitimately gained competitive advantage' in the design and delivery of personalised ads.

Sensex surged 1,383.93 points, or 2.05%, to end at 68,865.12, while the Nifty closed 418.90 points, or 2.07%, higher at 20,686.80. “We expect market sentiment to strengthen further as the ongoing pre-election rally is quite strong now. Given the government’s focus approach towards long-term capex across key areas, we expect BFSI, Industrials, Real Estate, Auto and Consumer Discretionary to do well going forward," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

MANILA(Reuters) — Philippine annual inflation came in at 4.1% in November from the previous month's 4.9%, the statistics agency said on Tuesday, reflecting slower increases in food prices.

TJM Institutional Services Director James Iuorio analyzes Q3 earnings and the Fed's ability to control inflation and future rate decisions.

Investing.com — The Dow ended lower Monday, though cut some losses into close despite weakness in tech amid rising Treasury yields ahead of the monthly jobs report later this week.  

By Lucia Mutikani

(Corrects paragraph 13 to reflect consequences for executives trading during blackout periods, not insider trading)

By Ernest Scheyder

CARACAS (Reuters) — Guyana will remain vigilant after a Venezuelan referendum rejected an international court's jurisdiction over a territorial dispute between the neighboring countries, Vice-President Bharrat Jagdeo said on Monday.

unregulated cryptocurrencies. “Of course, we have no intention of selling; that has never been our objective. We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.

By Steven Scheer

COP28 President Sultan Al Jaber defended his role in hosting this year's UN climate summit and insisted he understood and respected the science of climate change. He was responding to a December 3 report in the Guardian newspaper on comments he made last month on the phase-out of fossil fuels that have sparked criticism at COP28. The Guardian story had quoted Al Jaber saying during a November 21 online event that "there is no science out there, or no scenario out there, that says that the phase-out of fossil fuel is what's going to achieve 1.5C".

By Supantha Mukherjee

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We pay tax not only on our Canadian-source employment, business or investment income, but on our total worldwide income, including foreign income, such as a foreign pension, which must first be converted to Canadian dollars before it’s reported on our returns annually.

cough syrup linked to the deaths of at least six children in Cameroon have found unidentified quality issues in at least one of the five samples picked up by authorities, two people familiar with the investigation told Reuters. Riemann Labs is one of three Indian drugmakers whose cough syrups have been linked to the deaths of at least 141 children in Gambia, Uzbekistan and Cameroon since the middle of last year. That has cast a shadow on the quality of exports from India, often dubbed the «world's pharmacy» due to its supply of life-saving drugs at low prices to countries that most need them. The World Health Organization (WHO) said in July that a sample picked up from Cameroon of Naturcold syrup, whose maker India has identified as Riemann, contained as much 28.6% of the toxin of diethylene glycol, compared with an acceptable limit of no more than 0.10%. Indian authorities said they had suspended Riemann's production soon after the WHO alert, citing violations of good manufacturing practices.

Chennai airport on Monday announced that it has shut its operations till 11 pm ahead of Cyclone Michaung that is expected to make landfall in the next 24 hours, causing torrential rains. "Airfield closed for arrival and departure operations till 2300 hrs IST today due to severe weather conditions," said Chennai airport on social media platform X. 33 flights have been diverted from Chennai to Bengaluru at the airport due to heavy rain and strong wind since midnight. The heavy rain has led to severe waterlogging across the city and other parts of the state.

By Makiko Yamazaki and Ritsuko Shimizu

Spotify will reduce its total headcount by around 17% across the company, it said in an email on Monday, after laying of 6% of this staff in January citing higher costs. In the latest third quarter, the company swung to a profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its number of monthly listeners would reach 601 million in the holiday quarter.

In a striking display of market dynamics, Bitcoin’s price surged to $40,630, marking a notable 3.50% increase on Monday. This uptrend in Bitcoin’s value coincides with a weakening US Dollar, as market speculation intensifies around potential Federal Reserve rate cuts.