Page 1091 - Reuters

Asian shares pressured by fears over Delta virus variant, US data in focus

Asian shares edged lower on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery

S&P Global cuts India's growth forecast to 9.5% from 11%, trims EM overall

"The top risk facing emerging market economies (EMs) is a slower-than-expected rollout of the vaccines," S&P's economists said in new report

Google search engine, email services down for some users: Downdetector

Multiple users complained about an outage affecting Alphabet Inc's search engine Google as well as its streaming and email services, according to outage monitoring website Downdetector

Gold prices inch lower on firm dollar, US Federal Reserve hawkish stance

Gold prices eased on Tuesday, as a firmer dollar made bullion expensive for holders of other currencies

Uber to let office staff work up to half their time from anywhere: Report

Uber Technologies Inc will let employees work half their hours from wherever they want as part of its revamped return-to-office strategy, the transport app company plans to announce

Japan's retail sales rise for third month, but overall trend still soft

Retail sales jumped 8.2% in May from a year earlier, the third straight month of growth, government data showed on Tuesday, a larger rise than the median market forecast for a 7.9% gain

Oil falls as flare-ups of Covid-19 Delta variant threaten fuel demand

Oil prices slipped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious Covid-19 variant Delta sparked new mobility restrictions around world

Facebook hits $1 trillion value after judge rejects antitrust complaints

Facebook shares rose more than 4% after the ruling. The share price rise put Facebook's market capitalisation over $1 trillion for the first time

Wall Street banks hike shareholder payouts after Fed gives the green light

Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo said they were hiking their capital payouts after the US Federal Reserve gave them a clean bill of health

Experts doubt India's new loan guarantees will boost economic growth

Industry leaders and economists said the new loan guarantees, amounting to $35 billion, may provide some temporary relief but would not be sufficient to boost economic growth.

Oil prices fall on rising Covid cases in Asia, Eurupe ahead of Opec+ talks

All eyes will be on the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, to see what happens at their meeting on Thursday.

SoftBank shrinks robotics business, stops Pepper production: Report

Production of the humanoid Pepper, touted as the first robot with "a heart", was stopped last year: report

Oil prices slip after hitting highest since 2018 before OPEC+ talks

Brent was down 20 cents, or 0.3%, to $75.98 a barrel at 1040 GMT

Global shares start week on back foot as Covid-19 infections spike

MSCI's All Country World Index, which tracks shares across 49 countries, was down 0.1% after the open in Europe.

Luxury brand Burberry's CEO Marco Gobbetti to step down by end of 2021

Burberry Chief Executive Marco Gobbetti will step down from the role to take up another opportunity that will let him be closer to his family in Italy, the British luxury group said on Monday

UK watchdog investigates auditors of Greensill Capital, Wyelands Bank

Britain's accounting regulator said it has opened an investigation into how PwC audited the accounts of Wyelands, the bank owned by steel tycoon Sanjeev Gupta's metals-to-finance empire GFG Alliance

Singapore files 13 additional charges in massive nickel trading fraud

Singapore prosecutors on Monday filed 13 additional charges against a local businessman in relation to a scheme that allegedly raised more than $746 million from investors to fund bogus nickel trades

Indian shares open flat as pharma boost offsets losses in tech stocks

Indian shares were largely unchanged on Monday, as gains in pharmaceutical stocks and heavyweight Reliance Industries were offset by losses in information technology stocks

With cloud and AI, IBM broadens 5G deals with Verizon and Telefonica

IBM will offer telecom operators Verizon and Telefonica new services ranging from running 5G over a cloud platform to using artificial intelligence

Gold hits 1-week low on dollar bounce, mixed signals from Fed officials

Gold prices slipped to a one-week low on Monday, weighed down by a bounce in the dollar and mixed signals from the US Federal Reserve