Page 551 - Reuters

China's exports rise, but deflation persists as economy enters 2024

Analysts also anticipate that interest rates will drop at least 1.5 percentage points in the United States and Europe this year, which should improve demand for imported goods

US, Britain carry out strikes against Iran-backed Houthis in Yemen

Britain's ministry of defense said in a statement that "early indications are that the Houthis' ability to threaten merchant shipping has taken a blow"

At $617 bn, India's foreign exchange reserves slip from near 22-month highs

The reserves witnessed the steepest decline in nearly five months, falling $5.9 billion for the reported week, following a cumulative increase of $32.9 billion in the preceding seven weeks

BlackRock quarterly profit rises on strong assets under management

Hopes of a soft landing - a scenario where inflation eases without a sharp rise in unemployment - have cheered markets in recent months

HDFC Life Q3 results: Profit rises 16% on higher investment income

The insurer's profit after tax rose to 365 crore rupees ($44.02 million) for the three months ended Dec. 31 from 315 crore rupees a year earlier

Indian Oil Corp to open 300 ethanol fuel stations, says Nitin Gadkari

India, the world's third-biggest oil importer and consumer, is keen to cut its carbon footprint to meet its 2070 net-zero carbon goal

Asian LNG importers ramp up spot purchases after prices hit 7 month low

The Electricity Generating Authority of Thailand (EGAT) is also seeking one LNG cargo for delivery in March

JSW Energy proposes to top Adani's bid for coal-power plant: Report

In a letter, JSW Energy has asked India's insolvency court to allow it to participate in an auction for the Amarkantak project

China media warns against taking China's Indian Ocean research as threats

Detailed knowledge of ocean depths, currents and temperature was vital to China's growing submarine operations

UK economy grew more than expected in Nov but still risks recession

Britain's economy struggled to gain momentum in 2023, as households were squeezed by rapid inflation and the highest Bank of England (BoE) interest rates in 15 years

China's Harvest Fund cuts Hong Kong staff in pullback from offshore biz

Harvest is one of the first Chinese asset managers to make sizable layoffs in Hong Kong in recent years

Russia requests UNSC meeting after US, Britain strike Houthis in Yemen

A spokesman for Yemen's Houthis said there was no justification for the US-British attack and said the Iran-backed group will continue targeting ships heading towards Israel

Taiwan expects China to apply pressure on incoming govt after election

Taiwan goes to the polls to elect a new president and parliament under the shadow of an increasingly assertive China which has called the vote a choice between "peace and war"

BlackRock slashes Byju's valuation by 95% from $22 bn to $1 bn: Report

Tech investor Prosus NV valued Byju's at under $3 billion in November last year after BlackRock cut its valuation to about $8.4 billion in May

Saudi Arabia calls for restraint after US-British airstrikes on Yemen

The group has been attacking commercial ships it says are linked to Israel or bound for Israeli ports

Sebi proposes changes to ease fundraising, disclosure for listed companies

The regulator proposes considering funds and insurance companies holding 5% in firms post-public offer as large non-public shareholders, as per the paper

Britain to make big tech give rivals access to data under new plans

The Competition and Markets Authority (CMA) has bolstered its oversight of Big Tech firms like Facebook owner Meta , Google parent Alphabet, Amazon and Apple

With $2.8 trn mcap Microsoft overtakes Apple as most valuable company

Shares of Redmond, Washington-based Microsoft rose 1.5%, giving it market valuation of $2.888 trillion as early lead in race to make money from generative artificial intelligence helped draw investors

Data centre firm Yotta's Nvidia AI chip orders to reach $1 billion: CEO

Sunil Gupta, CEO and co-founder of Yotta, told Reuters on Thursday that the order would comprise nearly 16,000 of Nvidia's artificial intelligence chips H100 and GH200 and will be placed by March 2025

US consumer prices up more than expected in Dec, weekly jobless claims fall

The consumer price index (CPI) rose 0.3% last month after nudging up 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Thursday