Page 399 - Reuters

China's consumer inflation holds steady in May, factory deflation eases

Weak consumption in China has kept a lid on consumer prices since 2023 despite many rounds of support measures as confidence remains low in the face of a protracted property sector crisis

Apple Intelligence: How Apple used Google's help to train its AI models

Apple did not discuss the extent to which it relied on Google's chips and software compared with hardware from Nvidia or other AI vendors

Man on speedboat was acting on his own, no reason to be suspicious: China

According to the Taiwan authorities, after travelling in his little boat across the 160 km Taiwan Strait, which divides the island nation from China, the guy was taken into custody by coast guard

Oxfam urges G7 to tap fraction of military spend to resolve hunger, debt

The G7 - comprising the United States, Japan, Canada, Germany, France, Italy and Britain - is set to meet in Italy this week where leaders will discuss issues such as climate change, migration, debt

Tesla shareholder sues Musk to return billions in alleged unlawful gains

The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk's $56 billion pay package

Vladimir Putin to keep demoted ally Patrushev on Russia's Security Council

Russia's Security Council, chaired by Putin, is a Kremlin consultative body responsible for managing and integrating national security policy

China issues draft rules to expand cross-border e-commerce businesses

National ministries and government departments will smooth financing channels and help cross-border e-commerce companies to "go global", the ministry said

Opec sticks to 2024 crude oil demand growth forecast but trims Q1 view

The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025

Wall Street mixed, dollar rises ahead of CPI data, Fed policy meeting

Emerging market stocks lost 0.41%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.68% lower, while Japan's Nikkei rose 0.25%

Ola Electric gets Sebi approval to raise $660 mn through IPO: Report

Ola now plans to list its shares by mid July, and in coming days will reach out to investors to assess demand for its issue, both sources said

State Bank of India plans to raise up to $3 billion via debt in FY25

Several state run-lenders, including Canara Bank, Punjab and Sind Bank and Punjab National Bank , plan to raise funds via debt this fiscal year

Rise in Britain's jobless rate muddies PM Sunak's message to voters

Official data on Tuesday showed the jobless rate for the three months to April rose to 4.4 per cent from 4.3 per cent

China's Premier Li Qiang to visit Australia this week, says PM Albanese

China is Australia's largest trading partner, with Australian resources and energy exports dominating trade flow

Indian firms increased forex hedging in volatile election-results week

Importers bought foreign exchange forward contracts worth $9 billion last week, a more than 70 per cent jump from the same period a year before

RBI must review plan to raise provisions against infra loans: Lobby group

Last month, the Reserve Bank of India (RBI) proposed that banks and non-banking financial companies set aside a provision of 5 per cent of the total loan amount of infrastructure projects

India's proposed EU-like antitrust law to pose new challenge for tech firms

Apple, Google, Meta, Amazon would come under the purview of the Indian law, which has yet to be approved by parliament

UBS, Credit Suisse's Swiss units may merge by July 1, says official

UBS, which acquired its former rival Credit Suisse last year after the bank's collapse, had previously indicated the two units would be combined

Rupee remains stable, volatility expectations drop as RBI maintains grip

The rupee remained in a narrow band on Monday, with likely intervention from the RBI limiting weakness in the currency, traders said

Modi govt plans to stick to deficit target despite Lok Sabha poll setback

Rating agencies and analysts have said the government may step up welfare spending as well as support for states represented by partners in the National Democratic Alliance

HSBC adds more than 300 to China's headcount after Citi wealth acquisition

The portfolio acquisition demonstrates HSBC's commitment to the Chinese market