Page 1096 - Reuters

Jeff Bezos' 2021 Space Odyssey proves a risk too far for insurers

Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.

Rajasthan Royals valued at $250 mn with US investor acquiring 15% stake

The eight-team IPL features celebrity owners, including top names from business and Bollywood, and attracts the biggest names in world cricket to a nation devoted to the sport.

Japan to abolish fiscal advisory panel as Covid adds to debt pile

Japan will abolish on Thursday a nearly two-decade-old panel consisting of academics and corporate executives that has offered long-term proposals on fixing the country's worsening finances

Honda hopes new Civic hatchback to be basis for more efficient cars

Honda Motor Co unveiled its latest Civic hatchback designs on Thursday, with hopes that the all-new model will become a foundation for developing cars more efficiently

Singapore files 105 new charges against oil trader Hin Leong founder OK Lim

Hin Leong, one of Asia's largest oil traders, was wound up in March after failing to restructure some $4 billion in debt following a crash in the oil price during the coronavirus pandemic

Backing grows for new IMF Covid and climate fund for vulnerable countries

IMF chief this month proposed the new trust to allow rich countries to channel some of their new IMF reserves to poor and middle-income counterparts ravaged by Covid or climate change

US Federal Reserve's mixed messages on inflation unsettle investors

Investors have been struggling to interpret signals from the Federal Reserve about how hot it is willing to let inflation run before it begins unwinding pandemic-era monetary stimulus

Tiger Global-backed Bright Health raises $924 million in US IPO

Bright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23

China's Ant highlights distinction between NFTs and cryptocurrencies

China's Ant Group sought to draw a distinction between non-fungible tokens available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion

Gold prices on back foot as dollar firms; traders await US Fed data

Spot gold was down 0.2% at $1,774.96 per ounce, as of 0251 GMT. US gold futures fell 0.4% to $1,776.10.

Japan's Kioxia, formerly Toshiba Memory, aims for Sept IPO: Report

Japan's Kioxia Holdings Corp, formerly known as Toshiba Memory, plans an initial public offering as early as September, weekly financial magazine Diamond reported

Oil climbs as draw in US crude stocks boosts optimism about demand

Oil prices climbed on June 24 after a sharp drawdown in United States crude and gasoline stocks reinforced optimism of a quick recovery in fuel demand

Asian shares tread water, markets eye US Fed's inflation statements

Asian shares marked time on June 24, with China nudging lower, while the United States dollar held below an 11-week high as investors reassessed US Federal Reserve statements on inflation

Asian banks' trials with 'tokenised securities' stuck in silos: ASIFMA

Asian financial regulators should do more to support large-scale trials of "tokenised securities", an industry body said

Japan's service prices mark biggest gain in 8 months as Covid pain eases

Japan's corporate services prices rose at the fastest annual pace in eight months in May, data showed

Middle East's crude share of India's oil imports hits 25-month low in May

India, world's third biggest oil importer, in March directed refiners to diversify crude sources after OPEC and its allies, led by top exporter Saudi Arabia, ignored Delhi's call to ease supply curbs

Boeing faces rocky path to gaining approval for 737 MAX return in China

Trade power tensions, regulatory hurdles and attempts by the West to counter Chinese competition are delaying a return of the 737 MAX in China, frustrating Boeing Co

US stocks mixed as Nasdaq hovers near record, dollar turns higher

By Chris Prentice and Elizabeth Howcroft

Missing the deadline, EU citizens will get 28-day notice for UK residency

Around 5.6 million EU citizens have applied for residency rights in Britain before the June 30 deadline

US accepted lifting all sanctions on oil and shipping, says Iran

Iran agreed in 2015 to curbs on its nuclear programme in return for the lifting of international sanctions