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Apple hit with EU antitrust fine of over $1.95 billion in Spotify case

The European Commission's decision was triggered by a 2019 complaint by Swedish music streaming service Spotify over this restriction and Apple's 30% App Store fees

Houthi attacks not impacting trade, prices substantially: Israeli ministry

The ministry said that, in the most extreme case, the jump in sea freight costs would contribute up to a 1 percentage point increase in the consumer price index (CPI) in the coming year

Untimely rainfall, hailstorms batter wheat, chickpeas, other winter crops

Adverse weather could limit growth in wheat production and complicate the government's efforts to build stocks

Ukrainian food producers needs long-term plan for exports to EU: Report

Ukraine wants to permanently remove tariffs and quotas on EU agricultural imports by updating its trade deal with the EU, or at least extend the current suspension for three years

Reduced refining capacity, sanctions force Russia to cut crude oil output

Russia has declared plans to cut its oil output and exports by an additional 471,000 barrels per day (bpd) in April-June in coordination with some OPEC+ participating countries

Home prices set to rise 7% on luxury property demand, finds survey

Home prices rose 4.3% in 2023, the fastest since 2018, according to Reuters calculations based on the RBI's House Price Index

10-year govt bond yield remain flat in absence of any major triggers

Indian bond yields opened lower after U.S. yields eased on Friday, with the 10-year U.S. yield falling to levels last seen three weeks ago

RBI may launch interoperable payment system for internet banking in 2024

"We expect the launch of this interoperable payment system for internet banking during the current calendar year.", Guv said.

Tata Motors plans to demerge business into two separate companies

'The demerger is a logical progression of the subsidiarisation of PV and EV businesses done earlier in 2022 and shall further empower the respective businesses,' Tata Motors said in a statement

Axis Bank set to tap infrastructure bond market after 2 years: Report

Infrastructure bonds are issued to finance long-term development projects

Focus on fundamentals as valuations of stocks reach sky-high: Mirae Asset

"There are pockets of froth we are avoiding, particularly, where valuations have surpassed fundamentals," said Neelesh Surana, chief investment officer - equity at the firm

Palm oil dips on stronger ringgit, prospects of lower India purchases

Lower purchases of palm oil by India could keep inventories elevated in top producers Indonesia and Malaysia and weigh on benchmark futures

'RBI likely to take delivery of maturing $5 bn FX swap next week'

Taking delivery of the FX swap would infuse around 400 billion rupees but cash outflows towards direct taxes are expected to ensure a sustained deficit in the system

Bitcoin rallies to two-year high above $65,000, record high comes into view

The largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where inflows into U.S.-listed bitcoin funds have surged

Russia says to deepen crude oil output cuts while easing export limits

An industry source said that Russia is being forced to reduce production by the new sanctions, adding: 'There is no need to produce more than Russia can sell'

OPEC+ member countries agree to extend voluntary cuts to Q2: Report

OPEC+ in November agreed to voluntary cuts totalling about 2.2 million barrels per day (bpd) for the first quarter, led by Saudi Arabia rolling over its own voluntary cut

Delhi Chalo protest: Farmers plan to march to Delhi on Wednesday

Farm union leaders are seeking guarantees of state support or a minimum purchase price for farmers' produce

UK's Jeremy Hunt plays down talk of big tax cuts in pre-election budget

'We don't have as much of a positive outlook as we had at the end of the Autumn Statement,' he said in an interview, referring to last November's fiscal update

Gaza ceasefire talks to resume in Cairo on Sunday: Egyptian security

Biden said on Friday he hoped there would be a ceasefire deal between Israel and the Palestinian militant group Hamas by the time of the Muslim fasting month of Ramadan, which starts on March 10

WTO fails on major reforms, extends digital tariff ban in Abu Dhabi meeting

On the 5th day of the ministerial meeting, most ministers had already gone home, although India's trade minister Piyush Goyal and European Trade Commissioner Valdis Dombrovskis remained until the end