Page 464 - Reuters

Red Sea disruption to traffic cuts Q2 capacity by 15%-20%, says Maersk

Maersk is viewed as a barometer of world trade

Israel carries out airstrikes on Gaza city of Rafah after evacuation order

Seven months into its war against Hamas, Israel has been threatening to launch incursions in Rafah, which it says harbours thousands of Hamas fighters and potentially dozens of hostages

Saudi Arabia's budget deficit at $3.3 bn in Q1 of 2024 on lower oil revenue

Oil revenues reached 181.922 billion riyals in Q1, up 2% from the prior-year period, but non-oil revenues increased 9% year on year during the quarter

IIFL Finance facing liquidity crunch after gold loan business curbs: Report

"Banks are neither sanctioning new lines (of credit) nor disbursing from already sanctioned limits," the official at the company, who did not want to be named, said

Russia to practice tactical nuclear weapon scenario in its military drills

The ministry said the exercise was ordered by President Vladimir Putin and would test the readiness of non-strategic nuclear forces to perform combat missions

Russia will have to increase missile arsenal to deter West, says diplomat

Russia has ramped up weapons production and is now forecast by the United States to manufacture this year more artillery than all of Nato's 32 members combined

April services PMI softens to 60.8 but remains sturdy on robust demand

Favourable market conditions and buoyant demand pushed the new business sub-index to a three-month high, the third-highest in around 14 years

Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations

Qantas was sued in August by the Australian Competition and Consumer Commission (ACCC), which accused it of selling tickets to thousands of flights after they were cancelled

EQT to acquire digital consultancy firm Perficient for nearly $3 bn

Perficient's shares will no longer trade on the Nasdaq stock exchange after the deal closes, the companies said

Dollar broadly steady after soft US jobs report; yen starts on back foot

The offshore yuan was last at 7.1959 per dollar, and gained more than 1 per cent last week

Case for ECB rate cut getting stronger, says chief economist Lane

The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target

Case for ECB rate cut getting stronger, says chief economist Lane

The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target

Asia shares rise on Fed cut bets; yen trims gains after strong surge

Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break

Rupee to track Asian peers; bonds eye moves in US yields, foreign flows

The rupee closed marginally higher at 83.4225 on Friday. It logged a slight weekly loss compared to most Asian currencies, which rose week-on-week

Indian govt bond yields to edge lower, tracking decline in US peers

The bond yields are also likely to fall after the government announced a buyback of securities worth 400 billion rupees on Friday

China's services activity eases in April but still solid: Caixin PMI

Caixin/S&P Global services purchasing managers' index (PMI) eased to 52.5 from a 52.7 in March, remaining in expansionary territory for the 16th straight month

BSE, NSE spar over derivatives markets, lure investors with lower fees

The NSE plans to launch options contracts based on key sectoral indices, including the pharmaceutical and IT indices, if it gets the regulatory go-ahead, according to two exchange sources

Berkshire Hathaway is in good hands, Warren Buffett assures shareholders

Investors had long considered Todd Combs and Ted Weschler, who manage part of Berkshire's $335.9 billion equity portfolio, leading candidates to manage more or all of it

Taiwan's Foxconn reiterates Q2 revenue to grow, posts record April sales

Foxconn said in a statement that this year's second quarter "remains a traditional off-peak season, and major products are entering a period of transition between old and new products"

Buffett takes stage at Hathaway Berkshire meeting, cuts Apple stake

Buffett assured shareholders that 'unless something dramatic happens' that really changes Berkshire's capital allocation, it will have Apple as its largest investment