Page 612 - Reuters%20/t%20_blank

Huawei, Alibaba among companies seeking Chinese deepfake approvals

Five Chinese tech firms, including Baidu Inc and SenseTime Group, on Thursday launched AI chatbots to the public after receiving government approval

US Federal Reserve likely done with rate hikes as job market cools

Futures that settle to the Fed's policy rate had already priced in only a slight chance of a rate hike this month

Hong Kong locks down, stock market shut as city braces for typhoon Saola

China's central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for first time this year

Reliance Retail Ventures in talks with investors to raise another $2.5 bn

According to a Reuters report, the company intends to raise $2.5 billion, which is part of a combined target of $3.5 billion, and plans to complete this exercise by the end of the quarter

Canada tries to address news law concerns, Facebook not convinced

Both Google and Facebook have said the law is unworkable for their businesses, and Meta ended news sharing on its platforms in Canada last month

India's rice planting grows on higher prices, cotton sowing lags

Higher rice planting could alleviate supply concerns in the world's second-biggest producer and consumer of the grain

Foreign exchange reserves remain largely flat at $594.86 bn as of Aug 25

Forex reserves fell by a marginal $30 million for the week, compared to a $7.27 billion drop in the week ended Aug. 18, the data showed

Crude oil prices rises to highest in over 7 months on supply worries

Russia, the world's second-largest oil exporter, has already agreed with OPEC+ partners to cut oil exports next month, Deputy Prime Minister Alexander Novak said

Govt invites bids for asset valuer for IDBI Bank to sell majority stake

The Indian government has invited bids to appoint an asset valuer for IDBI Bank as it seeks to sell a majority stake of the lender

Indian automakers post rise in August sales ahead of festive season

In the passenger vehicles (PV) category, sales for Maruti Suzuki and Mahindra and Mahindra grew 16.4% and 25%, respectively, for the month compared to a year earlier

US job growth picks up more than expected in August; wages gains slow

The economy needs to create roughly 100,000 jobs per month to keep up with the increase in the working-age population

93% of Rs 2,000 notes worth Rs 3.32 trillion returned since May: RBI

The RBI had said in May that it would withdraw these high-value notes, permitting their exchange or deposit until Sept. 30

Reliance Retail in talks with global investors to raise $2.5 billion

In an emailed statement, Reliance said "As a policy, we do not comment on media speculation and rumours.", but added "Our company evaluates various opportunities on an ongoing basis"

Vedanta lobbied to weaken environmental regulations during pandemic: OCCRP

Vedanta's oil business, Cairn India, also successfully lobbied to have public hearings scrapped for exploratory drilling in oil blocks it won in government auctions, the report said

Morgan Stanley ups India's FY24 economic GDP forecast while BofA cuts

Economists at BofA Global Research, however, cut their estimates as quarterly growth missed their forecast

India's manufacturing PMI jumps to 58.6 in August, hits 3-month high

This marked a sustained expansion, with 26 months above the 50-mark separating growth from contraction, the longest stretch since March 2020 when pandemic-induced lockdowns were imposed

Nomura raises India's economic growth forecast for FY24 to 5.9%

India's Gross domestic product (GDP) expanded a more-than-expected 7.8% on an annual basis in the June quarter, Thursday's data showed, accelerating from 6.1% growth recorded in the March quarter

India house prices on track for steady rises, affordability to worsen

The outlook was more upbeat and stable compared with companion polls of property markets in developed economies, where house prices are expected to fall or stagnate after surging as much as 50%

Wall Street shows mixed response, dollar gains after inflation data

The tech-laden Nasdaq was modestly higher, the S&P 500 was essentially flat, while the Dow turned negative

UBS Group begins $10 billion cuts, to fire 3,000 Swiss staffers: Report

The prediction of over $10 billion in cost-savings by end 2026 compares with an earlier estimate of $8 billion by 2027