Page 1085 - Reuters

Pentagon scraps Trump's $10bn cloud deal for Microsoft, reviving Amazon bid

As recently as September the Defense Department re-evaluated the contract proposals and said Microsoft's submission was the best.

Mukesh Ambani, Gautam Adani face off in race to solar domination

Indian tycoon Mukesh Ambani's $10 billion entry into renewable energy could drive solar tariffs further to ground and ignite bidding wars with fellow billionaire Gautam Adani, industry analysts say

Solarwatt flexes muscles in home energy storage fight with Shell, Tesla

Germany's Solarwatt, backed by BMW's billionaire shareholder Stefan Quandt, plans to launch a small module that lets homeowners link rooftop solar panels to power storage batteries

Inflation, Covid-19 and debt top central bank worries: UBS survey

Fears about inflation and uncontrolled rises in long-term yields, a risk not flagged by participants at all in last year's Annual Reserve Manager Survey, were raised by 57% of respondents this year

Gold prices firm on weaker bond yields, Federal Reserve's minutes loom

Spot gold was up 0.1% at $1,797.84 per ounce, as of 0500 GMT, after hitting its highest since June 17 at $1,814.78 on Tuesday

Indian shares rise in choppy trading; cabinet reshuffle, earnings eyed

Indian shares edged higher on Wednesday in volatile trading, as financials helped offset a fall in auto stocks, while investors parsed through some corporate earnings that trickled in

Oil price gains threaten central banks' transitory inflation narrative

OPEC+ brinkmanship has taken oil prices towards $80 a barrel, the highest since 2018, threatening to upend central banks' transitory inflation narrative as well as the post-pandemic economic recovery

Oil prices steady after steep drop as market awaits OPEC+ clarity

Brent crude was up 3 cents at $74.56 a barrel by 0115 GMT, after slumping more than 3% on Tuesday. US oil was up 7 cents at $73.44 a barrel, having declined by more than 2% in the previous session

Euro near 3-month low after soft data, dollar looks to Fed's minutes

The euro staggered near a three-month low against the dollar on Wednesday after disappointing German data raised doubts about the strength of the economic recovery

Unveiling its last petrol car, Lotus sets off in pursuit of Porsche

Lotus unveiled its last ever petrol car on Tuesday, a milestone in the British sportscar brand's journey towards becoming an all-electric and far bigger automaker by the end of the decade

Chinese EV maker Xpeng eyes global market after $1.8 billion HK listing

Chinese electric vehicle maker Xpeng Inc, which on Wednesday raised $1.8 billion from a Hong Kong listing, will develop future models based on product platforms designed for international markets

Samsung Electronics flags 53% jump in Q2 profit, topping estimates

Revenue rose an estimated 19% from the same period a year earlier to 63 trillion won, Samsung said in a short preliminary earnings release

Investors say banks must toughen climate policies or face AGM rebellion

Investors managing $4.2 trillion on Wednesday called on some of the world's biggest banks to toughen their climate and biodiversity policies or risk rebellions at their next annual meetings

China steps up supervision of overseas-listed firms after Didi IPO drama

Under the new measures, China will improve regulation of cross-border data flows and security, crack down on illegal activity in the securities market and punish fraudulent securities issuance

Global stocks mostly follow crude, yields lower; tech shakes it off

Global stocks mostly fell Tuesday along with bond yields and crude prices, as China's latest tech crackdown and expectations of a hawkish Fed report waved red flags at investors

Crypto exchange Binance temporarily suspends payments from EU's key network

Cryptocurrency exchange Binance will temporarily suspend euro bank deposits from one of Europe's key payments networks, it said in an email sent to users

Oil slides from multi-year highs after OPEC cancels meeting

By Laura Sanicola

Covid-19 pandemic: COVAX says it's negotiating with new vaccine suppliers

WHO chief scientist Soumya Swaminathan told the same meeting that COVAX should have delivered 300-400 million doses by now

China signals broad clampdown on company data, offshore listings

Crackdown wipes out billions from Didi, other US-listed companies

Politics seep into oil as diverging goals test Saudi & UAE relations

Crude slips after surging to multi-year highs amid major crisis in Opec+