Page 934 - Reuters

Vedanta seeks free land, power in race to be India's 1st chipmaker: Report

Vedanta has told state governments that its operations would help them generate $2.2 billion in tax revenues over 20 years and create up to 100,000 direct and indirect jobs, said the first source

Tata Motors aims to build 80,000 EVs this financial year: Report

That compares with the 19,000 EVs it built and sold in the last financial year

Wall Street inches higher as Meta earnings offset GDP gloom; Dow up 90 pts

The slump in output reflected a wider trade deficit and moderate pace of inventory accumulation

Russia's Gazprom says 2021 net profit jumps to almost $28 billion

The company said its 2021 sales increased to 10.2 trillion roubles from 6.3 trillion roubles in 2020

Brexit: UK and EU at impasse over changes to Northern Ireland protocol

The two sides have been trying for months to overcome a deadlock over the Northern Ireland protocol, which sets the trading rules for the British region that London agreed before it left the EU

OPEC+ likely to stick to existing deal and raise June output by 432,000 bpd

Under a deal reached in July last year, the group is set to increase output targets by 432,000 bpd every month until the end of September, to unwind its remaining production cuts

Minister says India stands by social-media demands as Musk moves on Twitter

'Our safety and trust expectations in law and rules require all intermediaries to do due diligence about its users and content to qualify to be an intermediary,' he said

Dovish Bank of Japan sends yen to 20-year low, pressure on euro grows

The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002, after the Bank of Japan (BOJ) doubled-down on its super-low yield policy

Heat wave disrupts industrial activity as power demand soars in India

Extreme heat continued to scorch large swathes of south Asia this week, offering no reprieve after the hottest March on record in India

Oil fall as China fuel demand concerns linger due to Covid restrictions

Brent crude futures had fallen 62 cents, or 0.59%, to $104.70 a barrel by 0712 GMT. U.S. West Texas Intermediate crude futures slipped 48 cents, or 0.47%, to $101.54 a barrel

Unilever hikes prices by more than 8% as cost pressures build

Unilever beat first-quarter sales forecasts as the maker of Dove soap and Ben & Jerry's ice cream hiked prices by more than 8% to offset higher supply chain and energy costs

India launches antitrust raids on Amazon sellers Cloudtail, Appario: Report

India's antitrust body launched raids at two top sellers of Amazon.com Inc over violations of domestic competition laws, two sources with direct knowledge of the matter said

Global economic growth risks jolt inflation-obsessed financial markets

The International Monetary Fund and World Bank fanned growth fears further last week when they cut 2022 global forecasts by nearly a full percentage point

Dollar hits 20-year peak on yen as BOJ double-down super-low yield policy

There had been some market speculation the BOJ might step back a little given inflation was rising and other major central banks were tightening, but it showed no hesitation

Gold prices fall to 2-month low on lofty dollar, imminent US rate hike

The dollar index had reached a five-year top of 103.28, and a further push above 103.82 would see it to levels not visited since late-2002

Global economy to expand more slowly as inflation bites: Reuters poll

Even without those future risks, median forecasts for global growth collected in this month's Reuters polls on over 45 economies were chopped to 3.5% this year

Russia-Ukraine conflict, inflation drives Q1 jump in gold demand, WGC says

Strong demand for gold-based exchange traded funds (ETFs) helped to boost total gold demand to 1,234 tonnes in the first three months of 2022

US, European shares advance as euro dives to lowest since 2017

The euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland, and investors fretted more about the region's economy

Oil prices edge lower as mass coronavirus testing begins in China

China's capital Beijing reported 48 new symptomatic and 2 new asymptomatic COVID-19 cases for April 27

Centre tells states to step up coal imports for three years: Report

The decision to boost imports underscores the severity of India's fuel crisis as coal inventories are at the lowest pre-summer levels in at least nine years