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Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe

Crypto companies, including Coinbase, dispute that crypto tokens are securities and have repeatedly called for the SEC to create clear rules

Airbus deliveries shoot up in May, Go First orders fall by 16 units

Airbus delivered 63 aircraft in May, up 34% from the same month last year, bringing its total for the year to 244 jets, the company said on Wednesday, confirming Reuters reports.

US trade deficit widens to 6-month high, expected to dent economic growth

Stocks on Wall Street were trading mostly lower. The dollar slipped against a basket of currencies. US Treasury prices fell

Amazon plans advertising tier for Prime Video streaming service: Report

The streaming industry has been facing a slowdown in new sign-ups as subscribers pull back on discretionary spending amid challenging economic conditions

Coinbase execs defend platform against lawsuit, call for clear crypto rules

Coinbase has been pushing the SEC to formulate new crypto-specific regulations since last year and in April asked the US Court of Appeals for the Third Circuit to compel the regulator to respond

Peak XV says confident of investor backing after Sequoia Capital split

Over years, Sequoia invested in some of India's biggest startups, including food delivery firm Zomato and payments firm Pine Labs

Adani to slow down on acquisitions to focus on existing projects: Report

While the group will continue to review acquisition opportunities, the Adani spokesperson said high debt costs will weigh

Google part of $36 mn funding round for Indian space startup Pixxel

The startup has raised more $71 million from investors including Accenture PLC. Pixxel did not specify the valuation it reflected

YES Bank aims to expand margins by 100 bps in next 3 years, says MD

Yes Bank is targeting a credit growth of 15% to 20% for fiscal 2024

Govt raises kharif crop prices as Modi woos farmers ahead of election

The government raised the cotton purchase price by nearly 9% to 6,620 rupees per 100 kg, also the highest increase in five years

Oil prices edge higher as Saudi Arabia cut outweighs bearish backdrop

The unexpected build in fuel inventories raised concerns over consumption by the world's top oil user, especially as travel demand grew during the Memorial Day weekend

Diverted Air India Delhi-US flight lands in middle of Russia airspace row

A Russian ban on some foreign carriers using its airspace, in retaliation for Western sanctions over the Ukraine war, has redrawn air routes and upset business models for some airlines

Starbucks brews up cheaper drinks in India as domestic rivals expand

Its new offerings are unique to India and unavailable in China, Singapore and the United States

China's exports tumble in May as global demand falters, imports fall

The poor export performance reflects weak demand for Chinese goods as does the weak import performance as China brings in parts and materials from abroad to assemble finished products for export

SAT overrules Sebi's order on cancelling of Brickwork Ratings' licence

India's markets appeals tribunal set aside a ruling by the markets regulator cancelling the licence of Brickwork Ratings India, according to an order published on the tribunal's website

Banks can offer NDF contracts to resident Indians for hedging: RBI

MUMBAI (Reuters) - India's central bank has issued rules allowing banks to offer non-deliverable forward contracts involving the rupee to resident Indians.

UBS to wrap up Credit Suisse loss agreement of $9.92 bn with govt by June 7

Under the takeover of Credit Suisse, orchestrated by Swiss authorities, Bern agreed to shoulder up to 9 billion francs in losses after UBS agreed to cover the first 5 billion francs in losses

Sequoia to separate China, India, Southeast Asia businesses by March '24

Global venture capital giant Sequoia announced that it is planning to separate China and India and Southeast Asia businesses into independent firms

Saudi oil output cuts unlikely to lift prices to high $80s-low $90s: Citi

Prices are expected to be range-bound, the analysts added, with Brent averaging $81 a barrel through the year

Crude Oil falls as economic fears overshadow Saudi Arabia's output cut

By Rowena Edwards