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US senator urges Prez Biden to review alleged Nippon Steel ties to China

Nippon Steel said in a statement that Horizon's report was "rife with inaccuracies and misrepresentations"

'No change in RBI's stance on underlying exposure to forex derivatives'

The RBI had said in January that effective April 5, exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"

Yahoo acquires Instagram co-founders' AI-powered news platform Artifact

Earlier this year, Artifact said that it would wind down operations of its app as "the market opportunity isn't big enough to warrant continued investment"

Intel discloses $7 billion operating loss in 2023 for chip-making unit

Chief Executive Pat Gelsinger said 2024 would be the year of worst operating losses for the company's chipmaking business and that it expects to break even on an operating basis by about 2027

Here's why North Korea is testing hypersonic missiles and how do they work?

The United States, China, Russia and other countries have also been developing hypersonic weapons in recent years

Amid Tsunami threat, Japan issues evacuation advisory for coastal areas

The quake damaged buildings on Taiwan but casualty information was not yet available

China's services activity growth accelerates in March as new biz rise

Taken together with the upbeat Caixin manufacturing PMI, the Caixin/S&P's composite PMI rose to 52.7 last month from 52.5 in February. It marked the highest reading since May 2023

Australia outraged by death of aid worker in Israeli airstrike, says PM

The strike killed citizens of Australia, Britain and Poland as well as Palestinians and a dual citizen of the US and Canada

BYD hands back top EV seller title to Tesla after Q1 sales decline

Tesla's decline comes amid softer overall demand and a slowdown in the Chinese market where local rivals led by BYD upped the ante in a price war for buyers

US regulators probe role of asset managers BlackRock, Vanguard in banks

The move could add to a host of troubles for asset managers, which have often been criticized for exerting undue influence on the management of their portfolio companies

World Bank set to issue up to $1 billion in debut hybrid note this year

The G20 group of major economies has urged multilateral lenders to explore hybrid financing structures in a push to try

Amazon offers free credits for startups to use AI models like Anthropic

Amazon said it has offered over $6 billion in credits to startups in the past decade

Govt asks traders to avoid buying new-season wheat to shore up state stocks

India, the world's biggest wheat consumer and grower after China, banned exports in 2022 and is keen to bolster stocks and tame prices that surged after dry weather hurt output in 2022 and 2023

Euro zone bonds track Treasuries sell-off, Italy spread hits one-month high

On Tuesday, data showed inflation fell in six economically important German states, while national figures showed domestic price pressures eased to their lowest in nearly three years

US yields hit multi-month peaks as solid data trims rate cut bets

The benchmark 10-year yield climbed to 4.405% , its strongest level since late November. It was last up 5 basis points (bps) at 4.379%

Brent crude price reaches highest level this year on fresh supply threats

Brent futures for June delivery were up $1.15, or 1.3%, at $88.57 a barrel by 13:33 GMT after touching a peak of $89.08

JSW Energy to raise $600 million via share sale to institutional investors

The share placement could be done in one or more tranches, the energy arm of JSW Group said in an exchange filing

Opec+ ministerial panel unlikely to change output policy at April 3 meeting

OPEC+ members, led by Saudi Arabia and Russia, last month agreed to extend voluntary output cuts of 2.2 million barrels per day (bpd) to support the market

Govt proposes national iron ore exchange to tackle price anomalies: Report

The proposed exchange would record real-time transactions and physical delivery of iron ore, the document said

Forex derivatives volumes to plummet 80% on mandatory exposure rule

The rule, which comes into effect from April 5, was reiterated by exchanges on Monday following concerns raised by brokers about its impact on volumes