Page 924 - Reuters

Chipmaker Broadcom to buy cloud services firm VMware in $61-bn deal

VMware shareholders will get $142.50 per share under the purchase, resulting in a premium of nearly 49% to the stock's close on May 22, when talks of the deal were first reported

Shell may sell Russian LNG plant stake to Indian consortium: Report

Shell seeks to sell 27.5% stake in Sakhalin-2 plant; Shell in talks with group of several Indian firms, say sources

ONGC to sell stake, seeks global oil firms' help to develop fields

The deadline for submitting expressions of interest is June 16, ONGC said in a tender document on its website

WEF 2022: Globalisation's cheerleaders grasp for new buzzwords at Davos

By Dan Burns and Leela de Kretser

Back to snow: World Economic Forum reverts to Jan for 2023 annual meeting

By Aditya Kalra and Dmitry Zhdannikov

Alibaba beats revenue estimates on demand for niche China shopping services

The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties

Oil price climbs on tight supply, prospect of EU ban on Russian supply

By Ahmad Ghaddar

Gold prices drop as May policy minutes confirm Fed's tightening path

By Swati Verma

Dollar steady near one-month low as Fed minutes contain few surprises

By Samuel Indyk

Global LNG markets brace for uncertainty over Russian gas supplies

Western sanctions on Russia due to the Ukraine invasion have sparked fears of disruption of Russian gas supply to Europe, sending global gas prices to all-time highs

'Dieselgate': Volkswagen to pay $242 mn to around 91,000 British drivers

Volkswagen (VW) on Wednesday again apologised to customers in England and Wales as it pledged to rebuild trust

US Treasury pushes Russia towards default. What lies next?: An explainer

Russia has around $40 billion of international bonds outstanding, with just under $2 billion in external debt servicing left until year-end

'Most' Fed officials saw 50 bps rate hikes in June and July, show minutes

The 50-basis-point rate increase this month was the first of that size in more than 20 years, and has set the Fed on course for a quick tightening of monetary policy

WEF 2022: India puts 'new reality' on display with Davos street show

Inside a pavilion on the Swiss Alpine resort's Promenade street beneath an "India @ Davos 2022" logo, the federal govt served up treats including 'masala chai' tea, 'samosa' snacks

Wall Street rises on growth stocks ahead of Fed minutes; Nasdaq up 0.8%

Nordstrom climbs after raising profit outlook; Amazon.com and Tesla Inc underpinned the gains on the Nasdaq with advances of 1% and 2.1%, respectively

Putin hikes Russian pensions, plays down Ukraine impact on economy

With annual inflation near 18% last month, the Kremlin leader acknowledged that 2022 would be a 'difficult' year for the Russian economy

India to keep buying 'cheap' Russian oil, discount to be finalised: Report

The official also said India was increasing its dependence on coal due to surging power demand, adding that state-run Coal India will produce more coal in the coming months.

'Vedanta to finalise $20-bn Indian chip, display unit site by mid-June'

Chairman Anil Agarwal said on the sidelines of the annual World Economic Forum the first phase of Vedanta's project will entail an investment of $2 bn

WEF 2022: Govt has no immediate plan to lift wheat export ban, says Goyal

The world's second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching heat wave curtailed output and domestic prices hit a record high.

Global MF investors could sell $350-bn worth equities this year: Barclays

MF investors have been net sellers of equities this month, for the first time since August 2020, though equity outflows are tiny compared to the record $1.3-trn inflows since 2020, Barclays said