Page 1078 - Reuters

Jeff Bezos, world's richest man, carries out inaugural space voyage

The Amazon.com founder zoomed toward space with a hand-picked group; his younger brother, an 18-year-old from Netherlands, and an 82-year-old aviation pioneer from Texas

Jeff Bezos, world's richest man, boards Blue Origin spacecraft in Texas

The American billionaire is due to fly on an 11-minute voyage to the edge of space

Zomato raises $1.26 bn in IPO, valuation to reach $8 bn: Report

The company, which is backed by Ant Group, will be valued at up to $8 billion following the IPO which is the first for a food delivery group in India.

Jeff Bezos, world's richest man, set for inaugural space voyage

By Eric M. Johnson

Gold prices rebound on lower bond yields, Covid-19 Delta variant threat

Gold prices edged higher on Tuesday, supported by a drop in US bond yields and concerns over a relentless surge in Delta variant infections

Most institutional investors expect to buy digital assets, study finds

Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study has found

Seven months and ticking, the case for keeping Powell as Fed chair builds

By Howard Schneider, Ann Saphir and Trevor Hunnicutt

India's microfinance sector hit as defaults surge in Covid pandemic

Loan collection efficiency across the total loan pool has fallen to about 70% from a peak of nearly 95% in March, analysts say, indicating a potential build up in stress.

Facebook seeks US FTC Chair Lina Khan's recusal in antitrust case

The FTC declined comment on the recusal petition. Two weeks ago Amazon, which is under investigation by the FTC, also asked for Khan to be recused

The great exit: Central banks line up to dial back emergency stimulus

Here's a look at who is tapering, who may raise rates first and who might be the last to call time on pandemic-era money-printing

European Union proposes world's first carbon border tax for some imports

A transitional phase from 2023-25 will see importers monitoring and reporting their emissions

ECB takes first step in long march to digital euro, tackle crypto boom

The European Central Bank took a first step on Wednesday towards launching a digital version of the euro, part of a global drive to meet growing demand for electronic means of payment

Climate change financial 'stress tests' need improving, global body says

Key challenges have been the much longer time horizons required to assess vulnerabilities to global warming compared to traditional stress tests

Citigroup Q2 profit beats market estimates on release of reserves

An economic recovery fueled by vaccine rollouts across the country and a $1.9 trillion stimulus package pushed through by the Biden administration earlier this year is expected to drive banking profit

India sugar stocks set to fall to 4-year low on record exports: ISMA

India could start 2021/22 marketing year on Oct. 1 with carry forward stock of 8.7 million tonnes, down from 10.7 million tonnes a year ago, said Indian Sugar Mills Association

Oil prices drop after Saudi Arabia and UAE reach output compromise

Under the compromise with Saudi Arabia, the UAE's baseline production will rise to 3.65 million barrels per day after the current pact expires in April 2022

China's bank regulator warns of rising bad loans due to uneven recovery

Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation

Gold firms as investors seek taper cues from Powell's testimony

Spot gold was up 0.3% at $1,812.80 per ounce, as of 0854 GMT. U.S. gold futures gained 0.2% to $1,814.20.

India's June WPI inflation eases to 12.07% despite rise in fuel prices

India's annual wholesale price inflation eased to 12.07% in June from the previous month's record of 12.94%, despite a spike in costs of fuel and manufactured goods

Apple's potential 'buy now, pay later' plan sends sector shares tumbling

Apple Inc is working on a service that will let users pay for purchases in instalments, sending shares of Afterpay Ltd and other 'buy now, pay later' companies sharply lower