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 "Reuters")
Reuters
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
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Red Sea disruption to traffic cuts Q2 capacity by 15%-20%, says Maersk
Maersk is viewed as a barometer of world trade
 "Red Sea disruption to traffic cuts Q2 capacity by 15%-20%, says Maersk")
Israel carries out airstrikes on Gaza city of Rafah after evacuation order
Seven months into its war against Hamas, Israel has been threatening to launch incursions in Rafah, which it says harbours thousands of Hamas fighters and potentially dozens of hostages
 "Israel carries out airstrikes on Gaza city of Rafah after evacuation order")
Spirit Airlines forecasts weak Q2 revenue on slow growth in domestic demand
The carrier estimates it will average about 25 grounded aircraft throughout 2024, while competitors expand their capacity in Spirit Airlines' core markets such as Florida
 "Spirit Airlines forecasts weak Q2 revenue on slow growth in domestic demand")
Investors pull $9.9 billion from hedge funds in March: Nasdaq eVestment
The outflows came even as hedge funds posted positive performances across every strategy tracked by the data firm
 "Investors pull $9.9 billion from hedge funds in March: Nasdaq eVestment")
Petrobras loads diesel from RIL on crude tanker in India after delay
The larger shipments will likely ease downward pressure on an oversupplied Asian diesel market and create a price floor for the current market, the sources said
 "Petrobras loads diesel from RIL on crude tanker in India after delay")
Quadria Capital acquires minority stake in NephroPlus for $102 million
"The transaction will support NephroPlus in serving the growing demand for high quality, affordable dialysis services across India and other markets in Asia," Singapore-headquartered Quadria said
Saudi Arabia's budget deficit at $3.3 bn in Q1 of 2024 on lower oil revenue
Oil revenues reached 181.922 billion riyals in Q1, up 2% from the prior-year period, but non-oil revenues increased 9% year on year during the quarter
 "Saudi Arabia's budget deficit at $3.3 bn in Q1 of 2024 on lower oil revenue")
IIFL Finance facing liquidity crunch after gold loan business curbs: Report
"Banks are neither sanctioning new lines (of credit) nor disbursing from already sanctioned limits," the official at the company, who did not want to be named, said
 "IIFL Finance facing liquidity crunch after gold loan business curbs: Report")
Russia to practice tactical nuclear weapon scenario in its military drills
The ministry said the exercise was ordered by President Vladimir Putin and would test the readiness of non-strategic nuclear forces to perform combat missions
 "Russia to practice tactical nuclear weapon scenario in its military drills")
Russia will have to increase missile arsenal to deter West, says diplomat
Russia has ramped up weapons production and is now forecast by the United States to manufacture this year more artillery than all of Nato's 32 members combined
 "Russia will have to increase missile arsenal to deter West, says diplomat")
April services PMI softens to 60.8 but remains sturdy on robust demand
Favourable market conditions and buoyant demand pushed the new business sub-index to a three-month high, the third-highest in around 14 years
 "April services PMI softens to 60.8 but remains sturdy on robust demand")
Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations
Qantas was sued in August by the Australian Competition and Consumer Commission (ACCC), which accused it of selling tickets to thousands of flights after they were cancelled
 "Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations")
EQT to acquire digital consultancy firm Perficient for nearly $3 bn
Perficient's shares will no longer trade on the Nasdaq stock exchange after the deal closes, the companies said
 "EQT to acquire digital consultancy firm Perficient for nearly $3 bn")
Dollar broadly steady after soft US jobs report; yen starts on back foot
The offshore yuan was last at 7.1959 per dollar, and gained more than 1 per cent last week
 "Dollar broadly steady after soft US jobs report; yen starts on back foot")
Case for ECB rate cut getting stronger, says chief economist Lane
The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target
 "Case for ECB rate cut getting stronger, says chief economist Lane")
Case for ECB rate cut getting stronger, says chief economist Lane
The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target
Asia shares rise on Fed cut bets; yen trims gains after strong surge
Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break
 "Asia shares rise on Fed cut bets; yen trims gains after strong surge")
Rupee to track Asian peers; bonds eye moves in US yields, foreign flows
The rupee closed marginally higher at 83.4225 on Friday. It logged a slight weekly loss compared to most Asian currencies, which rose week-on-week
 "Rupee to track Asian peers; bonds eye moves in US yields, foreign flows")
Indian govt bond yields to edge lower, tracking decline in US peers
The bond yields are also likely to fall after the government announced a buyback of securities worth 400 billion rupees on Friday
 "Indian govt bond yields to edge lower, tracking decline in US peers")
China's services activity eases in April but still solid: Caixin PMI
Caixin/S&P Global services purchasing managers' index (PMI) eased to 52.5 from a 52.7 in March, remaining in expansionary territory for the 16th straight month
 "China's services activity eases in April but still solid: Caixin PMI")