Page 457 - Reuters%20/t%20_blank

Google defends app store, fighting Epic Games' push for major reforms

Google made its filing in San Francisco federal court, where Epic last year persuaded a jury that the tech giant unlawfully stifled competition with its controls over apps downloads

World food prices up in April for second consecutive month, says UN agency

Dairy prices edged down, ending a run of six consecutive monthly gains

Diageo names Nik Jhangiani as new CFO as it recovers from profit warning

Diageo shares rose by more than 1.5% in early trading, outperforming the FTSE 100 index

Shortage of heavy oil spells higher cost for shippers, road builders

Prolonged OPEC supply cuts and international sanctions on Venezuela, Iran and Russia had already led to shortages of heavier crude

Israeli cyber security startup Apex gets initial investment from Sam Altman

"We started Apex to build the extra layers of security that's needed for enterprises to adopt (AI)," said Apex's CEO, Matan Derman

Govt bond yields flattish; focus remains on debt sale, US jobs data

The benchmark 10-year yield was at 7.1620% as of 10:00 a.m. IST, following its previous close of 7.1598%

Asian stocks surge on tech boost; yen extends gains to end volatile week

With markets in Japan and mainland China closed on Friday, regional trading activity is likely to be subdued as traders look ahead to the U.S. nonfarm payrolls data later in the day

Indian rupee to keep in a tight range amid RBI intervention: Report

The RBI has kept the rupee in a narrow range against the dollar and is only down about 0.3% this year unlike most of its Asian peers which have weakened a lot more

Yen set for strongest week in over a year; dollar waits on US jobs

The yen rose to a session-high of 152.895 per dollar in early Asia trade and was set to clock a weekly gain of more than 3 per cent , its largest since December 2022

Apple unveils record $110 bn buyback as results beat low expectations

Apple increased its cash dividend by 4 per cent and authorized an additional program to buy back $110 billion of stock. The buyback is the largest in the company's history

US approves Exxon-Pioneer deal, alleges shale founder colluded with Opec

Former Pioneer CEO Scott Sheffield coordinated efforts with U.S. shale oil producers to constrain their output and raise energy prices, the Federal Trade Commission said

Universal Music beats earnings forecasts after blockbuster Swift tour

The commercial success of Swift has boosted the group's earnings through royalties from streaming, album sales and concert tickets

Qualcomm stock jumps 10% as AI sparks rebound in Chinese smartphone market

"Chinese vendors who traditionally relied more on MediaTek, are going to start leveraging Qualcomm's high-end chips more as they push hard into the AI Agenda," said IDC analyst Nabila Popal

Japan's forex intervention may have cost $23.6 bn, BoJ data shows

Analysts point to the gaping gap between Japanese and U.S. government debt yields as the force behind the yen's slide

Commercial aircraft, motor vehicles lift orders of US manufactured goods

Factory orders rose 1.6% after gaining 1.2% in February, the Commerce Department's Census Bureau said on Thursday. The increase in orders was in line with economists' expectations

Ceat Q4 results: Net profit falls 18.8% to Rs 109 cr on higher rubber costs

Ceat, whose customers include automakers Maruti Suzuki and Mahindra & Mahindra, is the first Indian tyremaker to report results this quarter

Trade deficit narrows slightly to $69.4 billion in March, says US govt

Goods imports fell 1.6% to $263.8 billion. There were decreases in imports of motor vehicles and parts as well as industrial supplies and materials, which include crude oil

Ukraine war not likely to end anytime soon: Top US intelligence official

On China, considered by the United States as its main global rival, Haines said Chinese President Xi Jinping and his top leaders expect some future instability in relations with Washington

Opec+ producers could extend oil cuts, formal talks yet to start: Report

The OPEC+ group is currently cutting output by 5.86 million bpd, equal to about 5.7% of global demand

Moody's tops quarterly profit estimates on back of strong product demand

Moody's Investors Service revenue grew 35%, fueled by improved market conditions and opportunistic activity which drove strong issuance across multiple asset classes, said CFO Noemie Heuland