Reuters
 "Reuters")
Reuters
The news and media division of Thomson Reuters is one of the world’s largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world’s largest international multimedia news providers
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April services PMI softens to 60.8 but remains sturdy on robust demand
Favourable market conditions and buoyant demand pushed the new business sub-index to a three-month high, the third-highest in around 14 years
 "April services PMI softens to 60.8 but remains sturdy on robust demand")
Sebi puts seven Adani Group companies on notice for regulatory violations
The company did not give details of the alleged violations or the parties involved
 "Sebi puts seven Adani Group companies on notice for regulatory violations")
Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations
Qantas was sued in August by the Australian Competition and Consumer Commission (ACCC), which accused it of selling tickets to thousands of flights after they were cancelled
 "Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations")
EQT to acquire digital consultancy firm Perficient for nearly $3 bn
Perficient's shares will no longer trade on the Nasdaq stock exchange after the deal closes, the companies said
 "EQT to acquire digital consultancy firm Perficient for nearly $3 bn")
Dollar broadly steady after soft US jobs report; yen starts on back foot
The offshore yuan was last at 7.1959 per dollar, and gained more than 1 per cent last week
 "Dollar broadly steady after soft US jobs report; yen starts on back foot")
Case for ECB rate cut getting stronger, says chief economist Lane
The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target
 "Case for ECB rate cut getting stronger, says chief economist Lane")
Case for ECB rate cut getting stronger, says chief economist Lane
The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target
Asia shares rise on Fed cut bets; yen trims gains after strong surge
Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break
 "Asia shares rise on Fed cut bets; yen trims gains after strong surge")
Rupee to track Asian peers; bonds eye moves in US yields, foreign flows
The rupee closed marginally higher at 83.4225 on Friday. It logged a slight weekly loss compared to most Asian currencies, which rose week-on-week
 "Rupee to track Asian peers; bonds eye moves in US yields, foreign flows")
Indian govt bond yields to edge lower, tracking decline in US peers
The bond yields are also likely to fall after the government announced a buyback of securities worth 400 billion rupees on Friday
 "Indian govt bond yields to edge lower, tracking decline in US peers")
China's services activity eases in April but still solid: Caixin PMI
Caixin/S&P Global services purchasing managers' index (PMI) eased to 52.5 from a 52.7 in March, remaining in expansionary territory for the 16th straight month
 "China's services activity eases in April but still solid: Caixin PMI")
BSE, NSE spar over derivatives markets, lure investors with lower fees
The NSE plans to launch options contracts based on key sectoral indices, including the pharmaceutical and IT indices, if it gets the regulatory go-ahead, according to two exchange sources
 "BSE, NSE spar over derivatives markets, lure investors with lower fees")
Berkshire Hathaway is in good hands, Warren Buffett assures shareholders
Investors had long considered Todd Combs and Ted Weschler, who manage part of Berkshire's $335.9 billion equity portfolio, leading candidates to manage more or all of it
 "Berkshire Hathaway is in good hands, Warren Buffett assures shareholders")
Warren Buffet's Berkshire Hathaway Q1 operating profit up 39% at $11.22 bn
The size of Berkshire's stake in Apple stake fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter
 "Warren Buffet's Berkshire Hathaway Q1 operating profit up 39% at $11.22 bn")
Taiwan's Foxconn reiterates Q2 revenue to grow, posts record April sales
Foxconn said in a statement that this year's second quarter "remains a traditional off-peak season, and major products are entering a period of transition between old and new products"
 "Taiwan's Foxconn reiterates Q2 revenue to grow, posts record April sales")
Buffett takes stage at Hathaway Berkshire meeting, cuts Apple stake
Buffett assured shareholders that 'unless something dramatic happens' that really changes Berkshire's capital allocation, it will have Apple as its largest investment
 "Buffett takes stage at Hathaway Berkshire meeting, cuts Apple stake")
Death toll from rains in southern Brazil climbs to 57, 70 still missing
Heavy rains had already hit Rio Grande do Sul last September, as an extratropical cyclone caused floods that killed more than 50 people
 "Death toll from rains in southern Brazil climbs to 57, 70 still missing")
Kansai Nerolac Paints Q4 results: Net profit rises 24% to Rs 1.16 billion
Revenues at India's third-largest paintmaker by market capitalisation rose over 2% to 17.69 billion rupees, while a rise in input costs helped total expenses tick 1.7% higher
 "Kansai Nerolac Paints Q4 results: Net profit rises 24% to Rs 1.16 billion")
Govt lifts ban on onion exports, sets floor price with 40% export duty
The export ban was imposed by the world's biggest exporter of the vegetable last December and then extended in March
 "Govt lifts ban on onion exports, sets floor price with 40% export duty")
Information from three Chinese EV manufacturers insufficient, says EU
Geely is insufficient, it could use evidence available elsewhere to compute tariffs, a move that can inflate them
 "Information from three Chinese EV manufacturers insufficient, says EU")
