Page 391 - Reuters%20/undefined

Weakening monsoon rains could prolong heatwave in north, central India

Summer rains, critical to spur economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8

Tesla CEO Musk's pay package gets nod from 77% of votes at investor meet

In 2018, 73% of Tesla investors had voted in favor of the same pay package, which was voided by a Delaware judge this year

Apple with AI beats Microsoft to become world's most valuable company

The tech giant has trailed rivals such as Microsoft and Google-owner Alphabet in the red-hot field of AI, a reason why its shares underperformed this year compared to its peers

Shein hikes prices ahead of IPO; avg price of dress jumps by 28% in US

The company operates an online marketplace selling an array of merchandise, though its main business is making and selling Shein's own brands, primarily women's clothing

India bond market to wait for fiscal layout clarity before next rally: Citi

The Fed kept policy rates unchanged with the interest rate dot plot projecting only one rate cut in 2024, down from three signaled in March

Two dozen companies working to find bird flu vaccine for cows: US agri secy

Bird flu has infected 90 dairy herds across 12 states since late March, according to the US Department of Agriculture (USDA). Three dairy farm workers also have been infected with the virus

Europe's Airbus frets over global trade tensions amid EU-China spat

China has historically roughly split its import needs between Airbus and its US rival Boeing

Govt bond yields slip below 7% as markets cheer US inflation data

Even though the Fed sees only 25 bps of cut, the futures market is pricing in 44 bps of cuts in 2024

Pakistan budget sets big tax target of $46.66 bn ahead of IMF talks

Pakistan has projected a sharp drop in its fiscal deficit for the new financial year to 5.9% of GDP, from an upwardly revised estimate of 7.4% for the current year

US slaps sanctions on Hong Kong, UAE firms for Russian-origin gold deals

Russia is the world's second-largest gold miner after China

SpaceX sued by eight engineers fired after accusing Elon Musk of sexism

The engineers - four women and four men - claim Musk ordered their firing in 2022 after they circulated a letter calling the billionaire a 'distraction and embarrassment'

Asia stocks rally, bond yields fall as investors assess Fed outlook

Japanese shares underperformed and the yen inched down against the dollar, as the Bank of Japan began its two-day policy meeting

Israel, Hamas committed war crimes; Gaza truce plan in balance: UN

The war began on Oct. 7 when militants led by Hamas, the Islamist group ruling Gaza, killed 1,200 Israelis and took more than 250 hostage, according to Israeli tallies

Gold gains on soft inflation data ahead of Fed's interest rate decision

Spot gold climbed 0.92% to $2,337.47 per ounce by 1700 GMT. U.S. gold futures for August delivery were up 1.2% at $2,354.60

'Most JP Morgan index clients to invest directly in Indian govt bonds'

India's inclusion in global bond indices was discussed for nearly a decade before the inclusion in the widely tracked JP Morgan index was finally announced last September

IBA to ask RBI to not alter capital requirement for infra projects: Report

If the RBI's proposal is implemented as is, "the impact will be very modest", Girishkumar Kadam, senior vice president and group head - corporate ratings at ICRA, said at a media briefing

Google to start testing anti-theft AI feature for Android phone from July

The features will be available to Brazilian users of Android phones version 10 or higher starting in July and will be released in other countries gradually this year

April-May steel imports hit five-year high on buoyant domestic demand

Steel demand has been buoyant in India, the world's second-biggest crude steel producer

Taiwanese firm MediaTek designs Arm-based chip for Microsoft's AI laptops

The software company's plans take aim at Apple which has released its own Arm-based chips for Mac computers for roughly four years

China solar panel makers seek government action to halt freefall in prices

Financial incentives and a government push have helped China become the solar panel factory of the world