Page 458 - Reuters

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

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

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

Tesla layoffs: Global job cuts to impact leading markets US, China

Tesla faces increasing competition in China in a fierce price war with rivals led by BYD, slowing sales in the United States, as well high investment costs in new models and artificial intelligence

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

Treasury Secy Yellen says US working to mitigate risks to global economy

In remarks prepared for a news conference, Yellen said the U.S. labor market was remarkably healthy and inflation was down significantly from its peak, although there was more work to do

US single-family home construction plunges 5.7%; building permits drop

The report from the Commerce Department on Tuesday also showed permits for future construction of single-family houses fell to a five-month low

Govt likely to construct 5-8% more roads in 2024-25, says ICRA report

Since Prime Minister Narendra Modi took office in 2014, India built about 90,000 kilometres of national highway, almost double that constructed in previous decade, according to government estimates

Morgan Stanley's first quarter profit rises as investment banking rebounds

Investment banking activity has rebounded from a two-year dealmaking drought as large corporates issued near-record levels of debt and equity capital markets became more active

Govt defers approval of Paytm's Rs 50 cr investment in its payments arm

Paytm sought government approval last year for the investment it had already made in its newly established payments gateway arm

J&J Q1 results: Profit beats expectations on cancer drugs strength

Sales of its blockbuster psoriasis drug Stelara were flat at $2.45 billion in the first quarter, while sales of Darzalex jumped about 19% to $2.69 billion

Morgan Stanley expects ECB to cut key interest rates by 75 bps in 2024

Last week, the ECB held interest rates at a record high on Thursday but signaled it could start cutting as soon as June