Page 652 - Reuters%20/t%20_blank

US weekly jobless claims decline, first-quarter GDP revised higher

Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 239,000 for the week ended June 25, the Labor Department said

Apple seeks to fend off EU antitrust charge triggered by Spotify at hearing

The iPhone maker will set out its arguments to senior European Commission officials and their peers at national competition agencies at a closed hearing in Brussels

US antitrust regulator plans to target Amazon's online marketplace

The main allegation by the U.S. Federal Trade Commission is expected to be that Amazon leverages its power to reward those online merchants that use its logistics services and punish ones who don't

Paracetamol maker Granules India flags operations hit from cyber attack

Due to significant changes in its IT systems, the IT security incident caused a major disruption in its business operations, the Paracetamol maker said in an exchange filing

WHO's cancer agency identifies aspartame sweetener as possible carcinogen

JECFA, the WHO committee on additives, is also reviewing aspartame use this year

Procter - Gamble India to invest $244 mn to set up manufacturing facility

The facility will be operational in the next few years and become a global export hub for P&G, the Whisper sanitary napkin maker said

Oil prices fall on concerns of slow fuel demand, weak China industrial data

Brent crude futures declined 40 cents, or 0.5%, to $73.63 a barrel by 0444 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.5%, to $69.24 a barrel

Apple stock hits record, on the cusp of $3 trillion market capitalisation

The iPhone maker's stock rose 0.6% to end the day at $189.25, putting Apple's market value at $2.98 trillion, according to Refinitiv data

State-owned firm KABIL to sign pact with Argentina to secure lithium blocks

KABIL, short for Khanij Bidesh India Ltd, was formed in August 2019 to identify, acquire, develop and process strategic minerals overseas for use in India

Oil prices ease on fears of more interest rate hikes denting fuel demand

Leaders of the world's top central banks reaffirmed on Wednesday they think further policy tightening will be needed to tame stubbornly high inflation

Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes

The S&P 500 ended essentially unchanged, while the blue-chip Dow Jones Industrial Average closed negative territory, weighed down by healthcare stocks

Oil prices jump 3% on bigger-than-expected decline in US crude storage

Investors remained cautious that interest rate hikes could slow economic growth and reduce oil demand

India pushes back plan to collect 20% tax on overseas spending beyond cap

In May, the government had said it would only impose 20% tax on overseas spending of above 700,000 rupees through international debit and credit cards in a financial year

State-owned firm KABIL to sign lithium pact with Argentina: Report

India, among the world's top greenhouse gas emitters, has been pursuing overseas pacts to secure key minerals in resource-rich countries such as Australia, Argentina and Chile

India eyes cap on state transmission charges on green power purchase

Industrial and commercial consumers across the country have complained about various transmission charges levied by states on power purchase leading to higher costs

India's Bharat Petroleum to raise $2.19 billion in green energy push

State-owned oil marketing company Bharat Petroleum said it approved raising up to 180 billion rupees through an issue of equity shares on a rights basis

Yen under pressure; Australian dollar slides as data shows inflation easing

The yen was under pressure against most other major currencies on Wednesday, even as Japanese authorities said they could intervene to prop it up, while the Australian dollar dropped

India's rating upgrade hinges on sustainable fiscal consolidation: S&P

The RBI will not be in a hurry to cut rates until inflation risks have fully ebbed, said Vishrut Rana, senior economist, Asia-Pacific at S&P

Aerospace suppliers see upside in parts-making from record jet orders

Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace

Goldman Sachs CEO projects high growth trajectory for India: Report

Global CEOs are thinking about India as a big growth opportunity while recognising some of the challenges with investing in the country, Solomon told the newspaper in an interview