Page 1087 - Reuters

Deutsche Bank launches indexes to track 21 emerging market currencies

Deutsche Bank launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy

Oil rises further on hopes of tighter supply as OPEC+ talks abandoned

Oil prices rose slightly on Tuesday after the previous day's rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off

Asian share markets open higher, but China tech worries weigh on Hong Kong

Chinese technology stocks remain under the microscope on Tuesday after the Cyberspace Administration of China ordered an investigation into Didi Global Holdings just days after it listed on NYSE

Dollar awaits Federal Reserve minutes, kiwi aloft on rate expectations

The kiwi rose as much as 0.4% to a one-week high of $0.7066, briefly breaking above its 200-day moving average, before settling around $0.7055 in morning trade

Samsung Electronics Q2 profit likely up 38% on strong chip prices

Samsung Electronics likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics

Up to 1,500 businesses affected by ransomware attack, says US firm's CEO

Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centred on US information technology firm Kaseya, its chief executive said

Adviser Glass Lewis flags risks from Adani 'unconscionable conduct'

Glass Lewis has recommended shareholders vote against reelection of a member of Adani Enterprises' risk committee after a court criticised "unconscionable conduct" in its Australian port business

Sydney Airport target of $16.7 bn bid from infrastructure investors

The proposal comes as record-low interest rates prompt pension funds and their investment managers to chase higher yields.

From regulatory lens to unionisation: Challenges aplenty for Amazon's Jassy

Amazon has been accused of using the proprietary data of third-party vendors to make cheaper, private-label versions of their products

China widens probe beyond Didi Global, roiling global investors

The company says app takedown may hit its revenue

Paytm to file draft prospectus next week for $2.3-bn IPO: Report

Paytm has plans to raise up to Rs 12,000 crore by issuing fresh equity for which it will seek shareholders' nod in an EGM on July 12

British royal Kate goes into self-isolation after Covid-19 contact

Kate, wife of Queen Elizabeth's grandson Prince William, attended a number of events last week, most prominently the Wimbledon tennis championships on Friday.

Didi says app takedown may hurt revenue, other US-listed China firms probed

Sunday's takedown order from the Cyberspace Administration of China (CAC) comes just two days after the regulator announced an investigation into Didi

OPEC+ crisis deepens as Saudi Arabia refuses to budge, oil edges up

OPEC and its allies on Friday voted to increase production by about 2 million barrels a day from August to December 2021 extend the remaining output cuts to the end of 2022

India's June services activity shrinks at fastest rate in 11-months

IHS Markit's Services Purchasing Managers' Index plunged to 41.2 last month from an already depressed 46.4 in May. That was its lowest reading since July 2020

China widens probe beyond Didi Global to exert control over online data

Beijing's latest effort to rein in its top online companies unfolded swiftly over the weekend

Didi Chuxing says app takedown may adversely impact revenue in China

China's biggest ride-hailing firm Didi Global Inc said on Sunday removal of its 'DiDi Chuxing' app from smartphone app stores in China is expected to have an adverse impact on its revenue in China

Myanmar security forces kill at least 25 people in raid on town: Report

The state-run Global New Light of Myanmar said "armed terrorists" had ambushed security forces patrolling there

China orders Didi to be removed from app stores, days after mega US listing

The Cyberspace Administration of China (CAC) said on its social media feed that it had ordered Didi to make changes to comply with Chinese data protection rules.

Amazon to grant incoming CEO Andy Jassy over $200 million in stock

The award's exact value will depend on how the shares are trading when they pay out in future years, encouraging Jassy to grow a company that's worth $1.77 trillion today