Page 903 - Reuters%20/undefined

PharmEasy plans $200 million fund raising at lower valuation: Report

Indian drug and medical services startup PharmEasy is in talks with investors to raise $200 million, but at a valuation that could be 15% or even 25% lower than last year's $5.1 billion

Euro rallies after report that bigger ECB rate hike is on the cards

The euro rose to as high as $1.0254, up 1.1% on the day and its strongest since July 6 as money markets priced in a 60% chance of a 50 basis point hike on Thursday, up from 25% on Monday.

India to invest more in Sri Lanka after crisis support of $3.8 bn: Report

India is willing to make more investments in neighbouring Sri Lanka after supporting it with $3.8 billion this year, New Delhi's envoy in Colombo told the Indian Express newspaper

Russia seeking payments for oil exports from India in dirhams: Report

Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed

How China became ground zero for auto chip shortage over past 2 years

The global chip shortage over the past two years has been caused by pandemic supply chaos combined with booming demand

Apple sued in San Francisco for antitrust violations over Apple Pay

Apple Inc was sued in a proposed class action by payment card issuers accusing the iPhone maker of abusing its market power in mobile devices to thwart competition for Apple Pay

Lanka-IMF talks almost complete, says acting President Ranil Wickremesinghe

'The negotiations with the IMF were nearing conclusion, and discussions for assistance with foreign countries were also progressing

Russia fines Google $370 million for repeated content breaches

Russia has long objected to foreign tech platforms' distribution of content that fall foul of its restrictions

Oil back above $100 on Russian gas supply jitters, weaker US dollar

Russian gas export monopoly Gazprom declared force majeure on gas supplies to Europe to at least one major customer, potentially ratcheting up the continent's supply crunch

Explained: How Netflix plans to find its inner 'Star Wars' to survive

Netflix teams are plotting ways to milk more from Netflix's bigger shows and movies with universes and characters they can return to again and again

Goldman Sachs warns it may slow hiring, cut expenses as deals slump

Goldman's investment banking revenue fell 41% to $2.14 bn in the second quarter, as fees from both equity and debt underwriting fell along with those from advising on stock listings and M&As

Russia seeking oil payments from India in dirhams, shows document

An invoice seen by Reuters shows the bill for supplying oil to one refiner is calculated in dollars while payment is requested in dirhams.

Goldman profit beat, easing rate-hike bets drive Wall Street higher

Goldman Sachs profit beats as fixed-income trading shines; Boeing rises as Delta to buy 100 737 MAX 10 planes

Euro at one-week high, rowback in Fed rate hike bets knocks dollar

The comments late last week knocked the dollar off two-decade highs and boosted global stocks and non-dollar currencies, especially the euro.

Jet Airways near deal to buy 50 Airbus A220 jets: Report

The airline's board was expected to meet on Monday to finalise the deal

Goldman Q2 profit halves but beats estimates as fixed-income trading shines

Investment banking revenue fell 41% to $2.14 billion in the quarter

Bank of America posts drop in quarterly profit as dealmaking slumps

Wall Street investment bankers, who were neck-deep in deals last year, have seen activity slump in the first half of 2022 amid volatility in the capital markets, geopolitical tensions

Gold rises as dollar retreats; traders focus on Fed rate-hike path

Spot gold rose 0.7% to $1,719.49 per ounce by 0724 GMT, after falling to its lowest in nearly a year last week. U.S. gold futures gained 0.6% to $1,714.30.

Oil jumps 2% as soft dollar and tight supply offset recession concerns

Brent crude futures for September settlement rose $2.44, or 2.4%, to $103.60 a barrel by 0900 GMT, having advanced by 2.1% on Friday.

US talks with India on price cap on Russian oil 'encouraging': Yellen

A senior Treasury official said India had made no promises on the oil price cap, but was working with the United States and had not "expressed hostility to this idea".