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Walmart seeks to raise $3.74 bn in sale of JD.com stake, term sheet shows

Walmart said in a statement that JD.com had been a valued partner over the past eight years, and the US retailer was committed to a continued commercial relationship with the Chinese e-commerce giant

Switzerland closer to being cashless, launches instant payment scheme

Instant payments are credit transfers that make funds available in the recipient's account within 10 seconds of a payment order being made rather than waiting for days for the cash to clear

EU draft on tariffs for Chinese EVs brings 'enormous risks': CAAM

European Commission published draft findings of its high-profile investigation into alleged subsidies for imports of Chinese-made EVs, which included some revisions to proposed punitive tariffs

Electric vehicle startup Rivian's production chief Fallon joins Stellantis

Fallon's exit comes at a time for Rivian, which is expanding its only facility in Normal, Illinois to produce the smaller and less expensive R2 SUV that many analysts see as critical to its success

US FDA declines to approve Regeneron's therapy for common blood cancer

FDA, in a so-called 'complete response letter', said that the sole issue identified for approval is related to findings from a pre-approval inspection at a third-party manufacturer

Weak dollar, western investor buying drive gold prices to record high

The dollar touched a seven-month low on Tuesday with traders bracing for comments from Federal Reserve Chair Jerome Powell on Friday

CCI warns Disney, Reliance media merger could harm competition: Report

Antitrust experts had warned the merger, announced in February, could face intense scrutiny, especially on the sporting rights issue

Israeli military retrieves bodies of six hostages from Khan Younis in Gaza

The current war in Gaza began on Oct. 7, 2023, when Hamas gunmen stormed into Israeli communities

EU cuts planned import tariff on Tesla's China-made electric vehicles to 9%

Tesla had requested a recalculation of its rate to be based on the specific subsidies the company had received, according to the Commission

Benchmark stocks to rise modestly by year-end, correction unlikely: Poll

Breaching the 81,000 mark for the first time in July, the benchmark index of the world's fastest growing major economy is up over 11 per cent this year

RBI asks banks to monitor credit-deposit gap to avoid liquidity issues

Indian banks' loans rose 13.7% as of July 26 from a year earlier, while deposits grew 10.6%, latest provisional data from the RBI showed

US Fed officials worried about job market as they prepare for Jackson Hole

The trend began changing this year, and Fed officials have given increasing weight to the risks they feel they are running by keeping monetary policy too tight for too long

EU approves $5.5 bn German aid under Chips Act for ESMC Dresden plant

ESMC is a joint venture led by TSMC, the world's largest contract chipmaker, with European chipmakers Bosch, Infineon and NXP each taking a 10 per cent stake

Russia hits energy infrastructure in overnight airstrikes on Ukraine

Regional officials in the northeastern Sumy region bordering Russia said an energy facility was hit, causing blackouts for 72 settlements and more than 18,500 consumers

China's July fuel oil imports fall for third straight month: Customs data

The import volumes included purchases under ordinary trade, which are subject to import duty and consumption tax, as well as imports into bonded storage

Alaska Airlines, Hawaiian merger clears regulatory hurdle with US DOJ

This is a significant milestone in the process to join our airlines, the company said

BOJ highlights rising wage pressure from structural changes in job market

The findings back up the central bank's argument that broadening inflationary pressures warrant raising interest rates

Rupee worst performer among Asian peers over August despite mild rise

Rupee is the worst performing currency in Asia so far this month, down 0.2 per cent against the dollar, while its peers have risen as high as 4 per cent

Here's how Obama boosted Harris and continues to shape Democratic Party

Obama waited to endorse Harris for several days, planning to stay above the fray in case there was a competitive nominating process

Asian shares reach one-month high amid hopes for Fed rate cuts this week

US stock futures similarly rose, with S&P 500 futures last up 0.02 per cent while Nasdaq futures advanced 0.12 per cent