Page 765 - Reuters%20/t%20_blank%20

Collapsed FTX hit by rogue transactions, analysts saw over $600 mn outflows

By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft

Crypto exchange FTX says investigating 'unauthorised transactions'

FTX filed for U.S. bankruptcy protection on Friday and founder Sam Bankman-Fried resigned as chief executive

India can buy as much Russian oil as it wants, outside price cap: Yellen

The cap would still drive global oil prices lower while curbing Russia's revenues, Yellen said in an interview with Reuters on the sidelines of a conference on deepening U.S.-Indian economic ties

Nearly half of job cuts were in tech, reorg underway: Meta executives

The executives said that the first mass layoff in the social media company's 18-year history affected staffers at every level and on every team, including individuals with high performance ratings

Apple supplier Foxconn plans to quadruple workforce at India plant: Sources

The China's virus policy prompted Apple to lower its forecast for shipments of the premium iPhone 14 models this week, dampening its sales outlook for the busy year-end holiday season

British officials may visit India next month for FTA talks: Govt sources

"It will take 3-4 months of steady negotiations to complete this agreement, with broad understanding over issues such as mobility and short-term work visas to the UK," the official said

COP27: Joe Biden says climate crisis is about 'very life of the planet'

"It's more urgent than ever that we double down on our climate commitments. Russia's war only enhances the urgency of the need to transition the world off its dependence on fossil fuels," he said

Wall Street heads higher as US Federal Reserve rate hopes dent dollar

Oil prices jumped after health authorities in top global crude importer China eased some of the country's heavy COVID curbs

FTX to file for bankruptcy protection in US; CEO Sam Bankman-Fried resigns

Bankman-Fried's trading firm Alameda Research is also part of the bankruptcy protection

Dollar set for biggest two-day fall since 2009 as rate outlook shifts

The dollar staged its biggest drop since late 2015 on Thursday as Treasury yields plunged, while other currencies - the yen and the pound in particular - jumped

Indian petrochemical demand could rise threefold by 2040: Indian Oil exec

Indian refiners have traditionally focussed on maximising production of gasoline and gasoil and it is a net importer of petrochemicals

Indian miners seek higher import tax on aluminium, zinc, copper products

India is the world's third-biggest primary aluminium producer

Pfizer India Q2 PAT rises to Rs 226 crore on lower costs, price hikes

Its cost of materials consumed fell 2.1% to Rs 94.4 crore, accounting for about 21% of total expenses in the quarter

Gold set for best week in over two years on smaller rate hike hopes

The dollar index extended its decline, falling to its lowest in nearly three months, making gold more attractive for overseas buyers

Zydus Lifesciences Q2 net profit down 82.6% to Rs 523 cr on rising costs

Shares of the company were trading at Rs 427.70, down 1.4% at 0847 GMT

Exide posts better-than-expected Q2 net at Rs 246 cr on easing input costs

Analysts on average had expected a profit of Rs 236 crore, according to Refinitiv IBES data

Oil prices jump by over 2% as China eases some coronavirus restrictions

Brent crude futures rose $2.39, or 2.6%, to $96.06 a barrel by 0745 GMT, extending a 1.1% rise in the previous session

First green bond to attract mix of local and foreign buyers: Bankers

The government intends to raise 160 billion rupees ($2 billion) via the issue in the January-March quarter.

India sends more vacuum gasoil to US as the West shuns Russian oil

India, the world's third-largest oil importer, has been ramping up Russian crude imports and increasing oil product exports to the West for higher margins.

Soring wheat rates could prompt price-cooling measures, say govt sources

The government has been trying to rein in food inflation, but its efforts have been complicated by wheat prices that have climbed to record highs