Page 724 - Reuters

Foxconn reports 11.65% fall in February sales, sticks to Q1 outlook

Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple, said revenue in February fell 11.65% year-on-year due to weakness in smart consumer electronics

Foxconn seeks cooperation with India in new areas like EVs, chips

Major Apple Inc supplier Foxconn said on Saturday it was seeking cooperation in India in new areas like chips and electric vehicles (EVs) after a visit to the country by its chairman, Liu Young-way

Lanka's central bank raises interest rates in anticipation of IMF bailout

Central bank Governor P Nandalal Weerasinghe said with the rate increase all "prior actions" have been fulfilled and he was hopeful of the IMF bailout being approved within this month

Russians pound access routes to Ukraine's besieged Bakhmut: Report

Prigozhin's men have spearheaded the assault in eastern Ukraine for months

At China political meeting, internet bosses are out, chip execs are in

Economy showing signs of recovery from its Covid slump

Budget airline IndiGo pits Boeing against Airbus in record jet order talks

Indian budget carrier IndiGo is in talks with both Boeing and its supplier Airbus to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India

GQG Partners sees shares fall as much as 3% after Adani investment

In early trade, GQG shares were down by as much as 2.6% whereas the S&P/ASX200 benchmark index was up 0.4%

Adani Group to hold fixed-income road shows in London, Dubai, US in March

Adani group management, including group Chief Financial Officer Jugeshinder Singh, will attend the road shows which will run between March 7 to March 15, the document showed

India's wheat output dented by heatwave, could limit govt stock building

The reduction in production amid a drop in inventories to the lowest level in 6 years may force the world's second biggest producer of the grain to allow imports after banning exports last year

Australian pension fund client queries GQG about $1.9 bn Adani investment

AustralianSuper, which has an external mandate with GQG Partners, will be exposed to the four Adani Group companies following the deal, according to a source familiar with the matter

India's services PMI activity in Feb grows at its fastest pace in 12 years

The S&P Global India Services Purchasing Managers' Index rose from 57.2 in January to 59.4 in February, its highest since February 2011 and considerably above all forecasts

Commercial paper rates may rise further as liquidity dries up, say analysts

Earlier this week, state-run financial institution NABARD raised three-month funds at 7.65%, which was over 40 basis points higher than what it paid for a similar paper a month ago

Major central banks return to rate hikes to fight inflation in February

Policy makers in Australia, Sweden, New Zealand and Britain joined the U.S. Federal Reserve and the European Central Bank in lifting key lending rates by a total of 250 basis points (bps)

Cough syrups likely to blame for children's deaths in Gambia, CDC concludes

The new investigation strongly suggests that medicines contaminated with the toxins, imported into Gambia, led to the cluster of acute kidney injury among 78 children

US nominee to head World Bank, Ajay Banga, to visit China, other countries

Banga said he believes the scientific evidence on climate change, and underscored the need for the bank to continue to work on poverty reduction and inequality

$50 billon lost in just minutes as Tesla's stock tumbles over 8%

Investor Day disappoints as firm says it would cut EV production costs by 50%, and remains silent on the much-awaited affordable car

More than two dozen sugar mills close early in Maharashtra: Govt official

Sugar mills in Maharashtra were operational until mid-June in 2021/22 as they harvested a record crop

Foreign investors to seek review of enhanced rules after Adani rout: Report

In the first week of February, SEBI wrote to custodian banks asking them to reach out to their FPI clients by March and share details of beneficial owners by the end of September

State Bank of India completes first commercial trade in Sri Lankan rupees

The move comes as Sri Lanka grapples with its worst economic crisis since its independence, triggered by a shortage of dollars

Russia can maintain oil output at pre-conflict levels, says JP Morgan

JP Morgan forecast Russia would be able to maintain its oil output at pre-Ukraine conflict levels due to steady demand from China and India