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Financial regulators plan panel to weigh derivatives risk in India: Report

The panel will be set up by the Financial Stability Development Council, which includes the finance minister, the central bank governor and the market regulator, the sources said

Tesla's Musk likely to unveil $2-3 billion India investment during visit

Musk's visit comes as Tesla battles slowing sales in the major markets of the United States and China, and has this week announced layoffs affecting 10% of its workforce

US banks seen booking more commercial property losses, loan sales

Buschbom said office loans remain the "biggest pain points" for banks, but he also expects stress in the multifamily sector especially construction loans

Chinese firms' fundraisings in limbo as IPOs scrutinised at home, abroad

The sudden freeze of an IPO market that was the world's biggest in 2023 and 2022 comes after the securities watchdog, under new chairman Wu Qing

Mobileye set to ship at least 46 million new assisted driving chips

In an effort to differentiate themselves amid rising competition, automakers have been adding an array of more basic driver-assistance features

Euro zone bond yields steady as traders assess interest rate expectation

The German 2-year bond yield, most sensitive to expectations for policy rates, rose 1.3 bps to 2.94%, after briefly rising to an almost one-week high

IIFL Finance to raise $152 million via share sale amid ban on gold loans

IIFL's gold loans under management stood at 24,692 crore rupees as of December 31

Full UN membership won't help Palestinians with statehood: US envoy

US President Joe Biden had categorically said that Washington supported a two-state solution and was working on the ground to get that in place as soon as possible, she said

US contemplates more Iran sanctions; Israel war cabinet to meet again

An Israeli government source said the war cabinet session scheduled for Tuesday had been put off until Wednesday, without elaborating

Powell denies any guidance on rate cuts, hints at 'restriction' instead

Powell's comments further squashed any lingering expectations of the Fed cutting rates in the near term, with markets pricing in September as the new starting point of the easing cycle

Telegram platform to hit 1 billion active users within a year, says founder

One of Telegram's main rivals, Meta Platforms' WhatsApp, has more than 2 billion monthly active users

UK consumer price inflation slows by less than expected to 3.2% in March

The Bank of England - which has an inflation target of 2% and economists polled by Reuters had forecast an annual rate of 3.1%

Lok Sabha polls: Here's why voting lasts six weeks in general elections

India's eligible voters, at 968.6 million, number more than twice the European Union's population of 448 million. The figure has grown 8 per cent since the 2019 elections

Water level in Russia's Kurgan region crosses 'dangerous level' mark

More than 660 residential houses were flooded in the region by Wednesday morning, RIA cited emergency ministry as saying

Repeat offenders made up 40% of US corporate defaults in 2023: Moody's

These and other companies with a high level of debt struggled through an elevated interest rate and inflationary environment, said the report, which was released on Tuesday

LVMH's first quarter sales growth slips to 3% amid luxury retail slowdown

LVMH, which is Europe's second-largest listed company and worth nearly 400 billion euros, is the first luxury goods maker to report quarterly earnings

Big banks led by Citigroup continue layoffs amid pressure to cut costs

Headcount at Citi declined by 2,000 employees after the third-largest U.S. lender completed a sweeping reorganization aimed at improving profits and reducing management layers

Intel to launch two AI chips with reduced capabilities for Chinese market

Rival Nvidia also has plans for three China-specific chips after the United States late last year tightened a rule capping the capabilities of AI chips that can be shipped to China

US will use sanctions to disrupt Iran's 'malign' activity, says Yellen

Yellen said Washington was continuing to use economic tools to pressure Hamas, but said Treasury was emphasizing that its sanctions should not impede life-saving aid

Israeli war cabinet to hold 3rd meeting on response to Iran's attack

Iran launched the attack in retaliation for an airstrike on its embassy compound in Damascus on April 1 attributed to Israel, but signalled that it did not seek further escalation