Page 445 - Reuters

Asia stocks rise on rate cut hopes, better-than-expected China's PMI data

Investors are a lot less dovish on the Fed, seeing little prospect of a move until September and even that is far from a done deal

Stock markets to cheer likely third term for PM Modi, hope for reforms

If the projections are accurate, investors will likely focus on expected policy continuity and a push for economic reforms

Rupee, bonds expected to rally as exit polls signal PM Modi's victory

The rupee should open higher on Monday and appreciate over the next day or two but could face some resistance near 83.10, a foreign exchange trader at a state-run bank said

Prospect of peaceful 'reunification' with Taiwan being 'eroded', says China

Speaking at the Shangri-La Dialogue conference in Singapore, Dong said Taiwan was the core of core issues for China, but Taiwan is incrementally pursuing separatism

OPEC+ extends oil output cuts to 3rd qtr in bid to support prices: Report

Oil prices trade near $80 per barrel, below what many OPEC+ members need to balance their budget. Worries over slow demand growth in top oil importer China have weighed on prices

Investors flock to Aramco share sale that could raise $13 billion

The offering will be a gauge of Riyadh's appeal to foreign investors, a key plank of the kingdom's plan to overhaul its economy. Foreign direct investment has repeatedly missed its targets

US expects Israel to accept agreement to end Gaza war if Hamas agrees

"This was an Israeli proposal. We have every expectation that if Hamas agrees to the proposal" as was transmitted to them, an Israeli proposal" then Israel would say yes," US official said

Delaware judge allows more than 70,000 Zantac lawsuits to go forward

In 2019, some manufacturers and pharmacies halted Zantac sales after a chemical called NDMA, which is known to cause cancer, was detected in some pills

US shifts focus to China risks; Zelenskyy attends Asia defence meeting

Just hours after Austin spoke at the annual Shangri-La Dialogue, Ukrainian President Volodomyr Zelenskiy arrived in Singapore, where he will address delegates at the security forum on Sunday

Lok Sabha polls: India votes in final phase of massive, 6-week elections

"Calling upon the voters to turnout in large numbers and vote," Modi said as polls opened in the northern state of Punjab and the eastern states of Bihar, West Bengal and Odisha

S Africa polls to end 3 decades of ANC dominance as votes slashed to 40%

The main opposition party, the Democratic Alliance (DA), had 21.71 per cent and uMkhonto we Sizwe (MK), a new party led by former president Jacob Zuma, managed to grab 14.76 per cent

Russia's major air attack damages Ukrainian energy infra in 5 regions

There were no immediate reports of casualties

Fitch lowers Boeing 2024 aircraft delivery, free cash flow forecasts

The rating agency forecasts from 350 to 370 737 MAX deliveries and about 65-70 787 deliveries in 2024, below previous expectations of about 400 and 75, respectively

Microsoft to pay off cloud industry group to end EU antitrust complaint

The pact would include a possible multimillion-euro payment to the trade association, according to the report, and separate payments could also be made to individual companies

Meta's flagship app Facebook attracting most young adults in 3 years

Only about a third of US teens say they use Facebook, according to a survey last year by research organization Pew

Considering action against China firms, banks over Russian war support: US

Encounters between the Philippines and China in Asia's most contested waters have grown more tense and frequent in the past year as Beijing presses its claims

Donald Trump to appeal against the guilty verdict after July 11 sentencing

Trump will have 30 days from the date of his July 11 sentencing to file a notice of appeal

Tesla shareholder sues Elon Musk for alleged $7.5 bn insider trading

According to the lawsuit, Musk sold the shares on various dates in November 2022 and December 2022

Govt cuts windfall tax on petroleum crude to Rs 5,200 per MT from Rs 5,700

The tax, which is revised every fortnight, remains unchanged at zero for diesel and aviation turbine fuel

'India runs power plants flat out to keep cool in heatwave, election'

The grid met record peak load of 246 mn kilowatts on May 29 and then 250 million kilowatts on May 30, shattering the previous record of 240 mn kilowatts set in September 2023, wrote John Kemp