Page 868 - Reuters

Indian Oil to open 50 fuel stations in Sri Lanka to help alleviate crisis

Sri Lanka has given approval for India's Lanka Indian Oil Corporation to open 50 new fuel stations, as part of efforts to reduce severe shortages that have crippled the island nation.

IDFC, Indian Bank, Yes Bank put SpiceJet loans on high-risk: Report

The lenders are concerned about SpiceJet's cash flows and have held discussions seeking assurances from the budget carrier, as it is behind on payments to some aircraft lessors, say sources

Axios agrees to $525-mn buyout deal with Cox Enterprises: Report

Atlanta-based Cox, a family-owned conglomerate that also owns the Dayton Daily News and other newspapers in Ohio, said the acquisition will help diversify its business

Flush with cash, Pfizer buys Global Blood Therapeutics in $5.4-bn deal

Pfizer has been on the lookout for acquisitions that could bring in billions in annual sales by the end of the decade

Indonesia says Tesla struck $5-billion deal to buy nickel products

Southeast Asia's biggest economy has been trying to get Tesla to set up a production facility in the country, which has major nickel reserves

Biden's $430-billion climate and drug deal gets Senate's approval

Schumer said the legislation contains "the boldest clean energy package in American history" to fight climate change

Nasdaq rises 1% as dip in yields supports megacaps; Nvidia, Palantir drop

US Senate approves bill on climate change, drug costs; Nvidia drops as slump in gaming demand hits Q2 revenue; Tyson Foods down on quarterly profit miss; Palantir drops on forecast cut

Palantir cuts revenue forecast, says govt contracts timing 'uncertain'

Palantir was co-founded by billionaire entrepreneur Peter Thiel in 2003 to help with US counter-terrorism operations, but has since diversified to commercial business

Nvidia warns of lower second-quarter revenue on gaming weakness

The gaming industry, largely considered to be recession proof, is beginning to see some weakness as consumers weigh purchases of discretionary items such as laptops and video game consoles

SoftBank plans Vision Fund job cuts after record $23.1-bn net loss in Q2

SoftBank was in a bubble on valuations, no sacred areas for cost cuts, says CEO

Gold prices trade in tight range as investors wary of big Fed rate hikes

Spot gold steadied at $1,773.82 per ounce by 0900 GMT, after dropping 1% in the previous session. U.S. gold futures fell 0.1% to $1,789.40.

Paytm at near six-month high by over 6% as quarterly revenue surges

Higher number of monthly users, additional payment devices and more disbursal of loans lifted the company's revenue to 16.8 billion rupees ($211.16 million), from 8.91 billion rupees last yea

Seeking ways to cool domestic wheat prices, India could scrap import duty

India could scrap a 40% duty on wheat imports and cap the amount of stocks traders can hold to try to dampen record high domestic prices in the world's second biggest producer.

Oil prices bounces higher as China, US data ease recession concerns

Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. U.S. West Texas Intermediate crude was at $89.76 a barrel, up 75 cents, or 0.8%

Indian shares dips as top lender SBI falls 3% after weak quarterly earnings

Shares of State Bank of India were down after the bank on Saturday missed estimates with a 6.7% fall in first-quarter net profit hit by investment losses

Dollar extends gains against Japan's yen as big US Fed hike bets ramp up

The greenback was last 0.31% higher at 135.42 yen, and earlier rose to 135.585 yen, its highest since July 28, after surging 1.57% in the previous session, its biggest single-day gain since June 17

Asia shares subdued, dollar encouraged by 'super-sized' US rate risk

Markets quickly moved to price around a 70% chance Federal Reserve will lift rates by 75 basis points in September, sending two-year yields up 20 basis points on Friday and further inverting the curve

Senate Democrats fend off changes to $430-bn climate and drug Bill

Senators, working over the weekend to pass a bill central to Biden's domestic agenda, labored through the morning in hopes of passing the bill before starting an August recess

Chinese and Taiwanese warships shadow each other as drills due to end

Chinese and Taiwanese ships circle in high seas 'cat and mouse'; four days of Chinese drills due to end at midday; Chinese state media condemns Pelosi's 'poltical stunt'

Wall St week ahead: Inflation data may seal fate of unloved US stock rally

For their part, Fed officials have over the past week opposed the narrative of a so-called dovish pivot