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Apple forced to make cuts to Vision Pro's production forecasts: Report

Both projections imply a significant cut to production from an earlier internal sales target of 1 million units of the headset in the first 12 months

Musk's Twitter rate limits could undermine new CEO Linda: Ad experts

Musk announced Saturday that Twitter would limit how many tweets per day various accounts can read, to discourage extreme levels of data scraping and system manipulation

Yen tentative, dollar soft as traders weigh US Fed rate hike path

The yen weakened 0.03% to 144.38 per dollar in early Asian hours to kick start the second half of the year having dropped 9% against the dollar in the first six months of the year

India state fuel retailers' gasoil, gasoline sales flat in June: Report

Monsoon rains also reduce demand from the agriculture sector as less irrigation-related requirements decrease

Rupee reports best month since Jan on back of strong foreign fund inflows

Strong macroeconomic fundamentals like higher growth, cooling inflation, strong earnings have attracted over $3.5 billion of inflows

EU secures vaccine deals with Pfizer, and others for future pandemic

Vaccine equity activists said the EU risked a repeat of what the World Health Organization dubbed "vaccine apartheid" during Covid-19.

China's PBOC asks foreign banks about dollar deposit rates amid weak yuan

Total FX deposits in China stood at $851.8 billion at end-May, data shows.

Global mergers & acquisitions plunge in Q2 but dealmakers see green shoots

M&A volumes in the United States declined by 30% to $318.4 billion, while Europe and Asia Pacific volumes shrank 49% and 24% respectively

Shell's renewables boss Thomas Brostrom to leave after CEO strategy shift

Thomas Brostrom joined Shell from offshore wind giant Orsted in August 2021 to head offshore wind as the company planned to rapidly grow its wind and solar operations

Govt likely to recover 'excess revenue' earned by power companies

Under the early-stage proposals, a uniform price cap on spot power trades would be replaced with new limits for each source of power generation

Bausch + Lomb to buy dry-eye drug maker Novartis for $1.75 bn: Report

Acquisition of the drug, Xiidra, will mark the first big deal by CEO Brent Saunders since he returned to the company in March

Investors pour most money into Japan stocks since 2020, says BofA

Foreign investors are excited about the prospect of a new era of growth in corporate Japan and their buying helped the Nikkei share benchmark to scale three-decade peaks earlier this month

Edtech giant Byju's seeks investors for Aakash Education stake: Report

The company bought Aakash Education for $950 million in 2021

6 injured in Sahithi Pharma factory fire in Andhra Pradesh: Police

Two of the injured were hospitalized with critical burns after a fire broke out in a solvent reactor at a unit of Sahithi Pharma, District Superintendent of Police Murali Krishna said

Ukraine to receive $1.5 bn from World Bank to support reconstruction

Ukraine is rebuilding schools, hospitals, roads and bridges and implementing repairs in the energy sector despite continued fighting in the south and east of the country

Importers must hedge near-term exposures on dollar rally risk, say analysts

The greenback is projected to strengthen against most Asian currencies in the July-September quarter, with a rate hike by the Fed at its July meeting now a near certainty

Multi Commodity Exchange tanks after extending IT contract at higher cost

MCX's transition to the TCS-run platform has been delayed, despite the company assuring analysts and its investors that the transition would take place by end-June

World Bank approves $1.5 bn financing for India's low carbon energy sector

The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy investments, the bank said

Indian rupee may struggle on more Fed rate hike bets, US yields surge

Non-deliverable forwards indicate rupee will open at around 82.08 to the US dollar compared with 82.0550 in the previous session

S&P 500 advances, Treasury yields touch 3-month high on solid economic data

Financials led the gainers after the Federal Reserve's stress test showed US lenders have adequate capital to weather an economic storm