Page 891 - Reuters

Alibaba, Tencent fined in China for not complying with anti-monopoly rules

Chinese market regulator has imposed a fine on the two tech companies as a part of its crackdown on monopolistic practices. It has also released a list of deals that violated the rules

Japan's ruling coalition makes strong election showing after Abe murder

Coalition projected to increase upper house majority; vote seen as bolstering PM's defence, economic plans; election comes after ex-premier assassinated on Friday; final results due Monday

Death and devastation as Russian rockets hit Ukraine apartment block

Ukraine says Russian forces gather in east; Blinken raises concern over China's Russia alignment; Canada returns Russian gas turbine despite Ukraine objections; Zelensky fires several ambassadors

Candidates jostle to replace UK PM Boris Johnson in packed race

Nine candidates have launched campaigns to be next PM; new leader should be in place by Sept. 5, party officer says

Japan ruling party set for strong election showing after Abe killing

Abe's LDP seen gaining from sympathy vote; strong showing would strengthen PM Kishida's rule

How Sri Lanka spiralled into its current economic crisis: An explainer

Analysts say that economic mismanagement by successive governments has weakened Sri Lanka's public finances, leaving national expenditure in excess of income

M&M open to investing in EV battery cell maker to secure supplies: CEO

Mahindra on Thursday raised $250 mn from British International Investment for its new electric vehicle unit at a $9.1-bn valuation

Zelensky sacks Ukraine's ambassadors to India, four other countries

Zelensky has urged his diplomats to drum up international support and military aid for Ukraine

Twitter has strong case against Elon Musk, but could opt for renegotiation

Delaware courts, where the dispute between the two sides is set to be litigated, have set a high bar for acquirers being allowed to abandon their deals

Twitter vows legal fight after Elon Musk pulls out of $44 bn deal

Twitter's chairman, Bret Taylor, said on the micro-blogging platform that the board planned to pursue legal action to enforce the merger agreement

Assassination of Japan's Shinzo Abe stuns world leaders; shooter held

Abe, 67, was pronounced dead around five and a half hours after the shooting in the city of Nara

Govt extends export period for 800,000 tonnes of sugar to July 20

Last month, the world's biggest producer of the sweetener gave its mills until July 5 to export the sugar, but some mills missed doing so because of heavy rains

India's June fuel consumption rises by 17.9% YoY at 18.67 mn tonnes: Govt

Consumption of fuel, a proxy for oil demand, totalled 18.67 million tonnes, data from the Indian oil ministry's Petroleum Planning and Analysis Cell showed.

Wall Street slides as strong jobs data fuels interest rate hike worries

Fed Governor Christopher Waller and St. Louis Fed President James Bullard said on Thursday they would support another 75-basis-point rate increase, but forecast a downshift to a slower pace afterward

Yen cedes gains after ex-PM Abe shooting, euro-dollar hovers near parity

By Joice Alves and Sujata Rao

Oil prices head for weekly loss as recession fears trump tight supply

Brent crude rose 35 cents, or 0.3%, to $105.00 a barrel by 1045 GMT and U.S. West Texas Intermediate crude gained 19 cents, or 0.2%, to $102.92

Mahindra aims to lead electric SUV sales in India with new EV unit

India's EV market, dominated by Tata Motors, represents only 1% of the country's annual sales of about 3 million vehicles

India equity MF inflows to remain soft in current quarter: Industry body

Inflows in India's equity mutual funds dropped more than 16% in June compared with May and are likely to remain weak in the current quarter due to worries over interest rate hikes and inflation

How Indian cement maker Ultratech bought Russian coal using yuan

There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine

Safety-bid lifts yen 0.5% against dollar after former PM Shinzo Abe shot

The yen rose as much as 0.5% immediately after the news, before steadying around 135.60 per dollar