Page 1051 - Reuters

Govt selects 10 banks to manage LIC IPO to raise up to Rs 90,000 cr: Report

A ministerial panel, called the Alternative Mechanism on strategic Divestment, is expected to decide soon on the size of the stake to be sold.

S&P 500 hits record high as 'prudent Powell' stands pat on policy

All the 11 major S&P sectors were up, with energy, materials and communication services jumping 1% each.

Oil price jumps as storm approaches Gulf of Mexico production hub

Oil prices rose on Friday and were on track to post big gains for week on worries about supply disruptions as energy companies began shutting production in Gulf of Mexico ahead of possible hurricane

Oil prices jump as storm approaches Gulf of Mexico production hub

For the week, Brent is on track for a rise of 11%, its biggest weekly jump since June 2020. WTI is headed for a weekly gain of more than 10%, also the strongest since June 2020.

Indian rupee posts best week in 4 months ahead of Jackson Hole speech

In the domestic bond market, the benchmark 10-year bond yield ended steady on the day but rose 2 bps on the week.

Southeast Asia tech dealmaking booms as investors place post-Covid bets

Region's Internet economy forecast to triple by 2025; about a dozen startups set to list over two years

China may ban overseas IPOs for tech firms with data security risks: Report

The ban is also expected to be imposed on companies involved in ideology issues, said the person, declining to be identified as the matter is private.

Gold prices firm above $1,800 on softer dollar, safe-haven demand

U.S. gold futures rose 0.7% to $1,807.00.

Asian shares inch up, caution prevails ahead of Jackson Hole

US stock futures were up 0.2%, suggesting some optimism after sentiment on Thursday was dented by a deadly attack in Afghanistan, and after Fed's hawkish policymakers urged an end to stimulus

Safe-haven demand buoys gold; investors await Fed chief's speech

Spot gold gained 0.3% to $1,798.22 per ounce by 0341 GMT, and was up about 1% for the week. U.S. gold futures rose 0.4% to $1,801.30

US plans Covid-19 booster shots at six months instead of eight: Report

Pfizer and BioNTech have already started the application process for the approval of its booster shot in people 16 and older

Oil down 1%; Covid-19 pandemic surge, renewed Mexico supply end rally

Fresh COVID-19 outbreaks fueled by the Delta variant are raising concerns about the strength of the economic recovery globally

Central banks should not mandate 'green' investments: Raghuram Rajan

The former RBI governor said central banks should turn their focus to the financial stability of these green investments and other threats such as crypto currencies and cyber security

Pentagon says there were two explosions near Kabul airport, with casualties

Pentagon spokesman John Kirby said one blast occurred near the airport's Abbey Gate and the other close to the nearby Baron Hotel

India has fewer ESG funds than other top 10 economies, shows data

The world's sixth largest economy has 23 ESG funds, Refinitiv data shows, compared to the United States and Britain with more than 500 each, while Japan has 182 and China has 119

US' Q2 economic growth revised slightly higher; weekly jobless claims rise

Gross domestic product increased at a 6.6% annualized rate, the Commerce Department said on Thursday in its second estimate of GDP growth for the April-June quarter

SpiceJet expects to restart Boeing MAX service by September-end

Around 175 countries have allowed the 737 MAX to return to service following a nearly two-year safety ban, with 30 airlines already restarting their MAX aircraft services.

Global stocks set for a correction as rally fizzles, say analysts

The spread of the Delta variant of the coronavirus and the U.S. Federal Reserve's pending plans to taper its asset purchases are likely to leave equity markets exposed to turbulence

Gold falls as dollar inches higher, caution ahead of Jackson Hole

Spot gold fell 0.3% to $1,784.82 per ounce by 0705 GMT, while U.S. gold futures fell 0.3% to $1,785.00.

Asian shares spooked by Delta variant's spread as Jackson Hole looms

Investors are mostly waiting for the Federal Reserve's Jackson Hole symposium on Friday and what central bank chair Jerome Powell might say about U.S. tapering monetary stimulus