Page 479 - Reuters%20/undefined

China's central bank leaves benchmark lending rates unchanged, as expected

China has set an economic growth target of "around 5%" for 2024, a rate that economists say is ambitious and calls for more stimulus, including monetary and fiscal easing

China launches signal relay satellite for mission to far side of moon

The moon's near side always faces Earth. That means data transfers from the far side are impossible as there is no direct line of sight

Tencent's Oct-Dec results: Revenue at $21.56 billion, misses estimates

The world's largest video game company and operator of the WeChat messaging platform reported revenue of 155.19 billion yuan ($21.56 billion) for the three months ended Dec. 31

Prabowo Subianto wins Indonesia's presidential election, says poll body

Prabowo is expected to take over from outgoing President Joko Widodo in October. He is expected to speak later on Wednesday

Boeing 737 MAX deliveries on track as Akasa goes international: CEO Dubey

Akasa's current fleet includes 24 Boeing aircraft of the total 226 it has on order which are expected to be delivered over 8 years. Dube declined to give a year-wise breakup

Apple CEO Tim Cook visits Shanghai, with China sales under pressure

His visit comes after the iPhone maker announced that it would open a new retail store in the heart of the Chinese financial hub on Thursday

Offshore funds need not disclose investors in certain cases, says Sebi

In making the exemption, SEBI said the stock exchanges will have to identify the companies with no large shareholder or promoter

Bond yields changed little ahead of US Federal Reserve's rate decision

The benchmark 10-year yield ended at 7.0918%, following its previous close of 7.0981%

February crude oil imports from Russia edged up from January trade

The world's third biggest oil importer and consumer, India has been gorging on Russian oil since the West imposed sanctions on Moscow for its invasion on Ukraine in February 2022

PM Modi shows confidence about LS polls; asks ministries for 5-yr goals

The March 11 document says Modi asked all departments to prepare five-year action plans as part of his goal to lift India to a fully developed country by 2047 from middle-income levels.

Sponge iron producers urge govt to impose duties to curb iron ore exports

India, the world's biggest sponge iron producer, has about 336 sponge iron plants spread across the country

Top Canadian pension funds invest $438 million in Indian highways trust

The investments come as India, where general elections commence next month, has been seeing continued momentum in pre-poll government spending

IMF reaches staff-level agreement with Pakistan to disburse $1.1 billion

The funds are the final tranche of a $3 billion last-gasp rescue package Pakistan had secured last summer, which averted a sovereign debt default. Islamabad is also seeking another long-term bailout

BPCL signs 4-month US oil purchase deal with BP, delivery to begin in June

The Indian refiner has also separately bought 2 million barrels of WTI crude for loading in April via a spot tender, the sources said

HDFC Bank closes $1.15 bn stake sale in education finance arm HDFC Credila

The conclusion of the deal comes ahead of HDFC Bank's fourth-quarter results next month

Cryptoverse: Artificial intelligence tokens outpace record-breaking bitcoin

Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia, driven by insatiable investor appetite for applications like machine-learning

JPMorgan sets up dedicated sports investment banking team, appoints heads

The bank has created a new "sports investment banking coverage group" which will offer advisory and financing solutions for activities like investing in sports franchises to clients globally

Bankrupt crypto lender Genesis to pay $21 million to settle SEC charges

The deal resolves January 2023 charges the SEC filed against Genesis and Gemini Trust Company LLC over their joint crypto lending program

Nvidia shares decline as investors look out for details on new AI chip

Shares of the world's third most-valuable firm dropped about 1.4% to $872, with some analysts saying investors had already factored in the unveiling of the B200 Blackwell chip

AstraZeneca bets on next-generation cancer therapy with $2 bn Fusion deal

AstraZeneca will pay $21 per Fusion share, a premium of more than 97% to the US-listed company's closing price on Monday