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China's top investment bank CITIC cuts base salary by up to 15%: Report

The country's top investment bank by market value has also yet to pay bonuses to bankers for work done last year, the two sources close to the matter said

Spotify to lay off 200 workers in podcast division, about 2% of streamers

The company has resorted to aggressive expansion to supplement its earnings from music streaming with other revenue-generating formats such as podcasts

KKR to take machinery maker Circor private in $1.6 bn deal, stock up 49%

KKR said it will pay $49 per share, sending Circor's stock up 49% at $47.20 in premarket trading. The offer represents a premium of nearly 55% to Circor's last close on Friday

Oil prices rise on Saudi Arabia plan to deepen output cuts from July

OPEC+ meeting and Saudi cuts could boost prices, say analysts

RBI deputy Guv urges banks to address gaps in governance framework

Boards should set clear expectations for management and should require reports on risk management on a regular basis, said Rao, at a conference of directors of state-run and private banks in May

India home prices set to stay above consumer inflation: Property analysts

Home prices in India are set to hold above consumer inflation, even though interest rates are expected to stay higher for longer than previously thought, a Reuters poll of property analysts found

Shangri-La Dialogue: World's spy chiefs meet in Singapore secret conclave

A spokesperson for the Singapore Ministry of Defence said that while attending the Shangri-La Dialogue, "participants including senior officials from intelligence agencies also take the opportunity to

Airbus nears 500 narrow-body jet order from IndiGo Airline: Report

IndiGo Chief Executive Pieter Elbers, attending the annual meeting of the International Air Transport Association in Istanbul, declined to comment on commercial matters

Airbus heads towards 500 A320-family jets order from IndiGo: Report

Airbus and Boeing are also competing in talks to sell 25 wide-body jets to the same airline, they said

Opec+ members reach agreement to extend production cuts into 2024

Negotiations dragged on as some African producers objected to demands that they give up some of their output quotas

Govt says rescue operations concluded after worst train crash in decades

The death toll from Friday evening's crash was revised down from 288 after it was found that some bodies had been counted twice, said Pradeep Jena, chief secretary of Odisha

Bond yields fall marginally this week tracking a sharp decline in US peers

All 64 economists in the poll conducted between May 16 and May 29 expected no change to the 6.50% repo rate

Apollo Hospitals to raise $200 mn by selling 6% stake in online platform

In May, Apollo's fourth-quarter revenue from healthcare services climbed 18.5% and accounted for 51% of its total revenue

Tata Group signs Rs 13,000-crore EV battery plant deal with Gujarat

Initial capacity of Sanand factory could be 20 GWh

US Federal Reserve seen skipping June, maybe hiking in July after jobs data

Traders now see about a one-in-three chance that the Fed will deliver an 11th straight rate increase at its June 13-14 meeting, up from about one-in-four before the Labor Department report

Amazon in talks with Verizon, others for low-cost mobile services

The discussions, which have been going on for six to eight weeks, have also included AT&T Inc at times, the report said, citing people familiar with the matter

US job growth beats expectations in May; unemployment rate rises to 3.7%

Nonfarm payrolls increased by 339,000 jobs last month, the Labor Department said in its closely watched employment report on Friday

India's forex reserves fall for second straight week at $589.14 billion

Reserves had fallen by $6.05 billion in the week ended May 19, the biggest fall in more than three months

India's April finished steel imports from China hit five-year high

India imported 0.5 million tonnes of finished steel in April - the highest since 2019 - up 38.2% from a year earlier, the data showed

Netflix, Disney and Amazon to challenge India's tobacco rules for streaming

As part of India's anti-tobacco drive, the health ministry this week ordered streaming platforms should within three months insert static health warnings during smoking scenes