Page 744 - Reuters

Tata considers Spain, Britain for EV battery plant for supply in Europe

India's Tata is considering setting up a battery cell plant for electric vehicles (EV) in Spain or Britain

Centre asks Vodafone Idea to convert govt dues into equity worth $2 billion

Troubled Indian mobile service provider Vodafone Idea Ltd said the govt ordered the company to convert into equity all the interest related to payments for spectrum and other dues owed to the govt

SBI says further financing to Adani projects to be evaluated on merit

State Bank of India, the country's largest lender, said on Friday any further financing to projects of the embattled Adani Group would be "evaluated on its own merit"

Dollar bonds of Adani Group extend gains even after Moody's warning

The US dollar-denominated bonds issued by entities of India's Adani Group extended gains on Friday

India's forex reserves rise for third straight week, hits 6-month high

India's foreign exchange reserves rose above a six-month high of $576.76 billion in the week through Jan. 27, the Reserve Bank of India's (RBI) statistical supplement showed on Friday

'No need for concern over SBI, LIC exposures': Fin Secy on Adani stock rout

India's finance secretary, when asked about the Adani Group companies' stock rout, said there was no cause for concern for depositors, policyholders or investors in any nationalised banks or LIC

Weak earnings from tech giants call time on stocks rally, US payrolls loom

The MSCI World Stock Index slipped 0.2%, but was still near its highest since last August following a sharp rebound in recent weeks on hopes that central bank rate hikes are nearing an end

Adani stock plunge can hurt group's ability to raise debt, says Moody

Credit ratings agency Moody's warned on Friday that the recent sell-off in Adani group's shares after a short-seller's report could reduce the Indian conglomerate's ability to raise capital

World food prices decline for tenth month running in January, says FAO

World food prices fell in January for a 10th consecutive month, and are now down some 18% from a record high hit last March following Russia's invasion of Ukraine, the United Nations food agency said

Dollar sustains momentum, rise slightly as traders await US jobs numbers

The dollar picked up against the euro, with the latter down 0.1% to $1.09 in early European trading

Exposure to Adani Group is limited, not re-evaluating stakes: TotalEnergies

Total has a 37.4% stake in Adani Total Gas (ATGL) and a 19.75% stake in Adani Green Energy (AGEL), according to its statement on Friday

Apple predicts drop in Q2 revenue, indicates iPhone production crisis over

Cook said the lockdowns in China created a dual challenge where both supply and demand were constrained, with greater China sales falling 7% to $23.9 billion

Rupee poised for muted opening on dollar recovery, equity outflows

The non-deliverable forwards indicated an opening of around 82.12-82.20 for the rupee versus the dollar compared with 82.1725 in the previous session

Ford Motor Co posts lower profit, issues downbeat outlook; shares drop

Ford Motor Co said quarterly profits fell and automaker predicted a difficult year ahead, sending its shares down after bell as investors were disappointed

US dollar climbs in early trade as central banks see inflation risks unwind

The pound slid 0.15% to a more than two-week low of $1.2206 in early Asia trade, after falling 1.2% in the previous session, its largest daily decline in a month

Qualcomm sees earnings below Street estimates as smartphone market sags

The stock, which initially rose 2.7% in after-hours trading, fell 3%

Bank of England raises borrowing costs to 4%, hints rates near peak

Previously the BoE had forecast 2023 inflation at around 5%

Meta beats Street, announces $40-bn buyback; to sack some mid-level staff

'Year of efficiency', says Zuckerberg; shares surge over 20%. The stock has added $237 bn in market value since its November low

'Higher for longer' interest rate approach needed to inflation down: IMF

Global central banks need to make clear to financial markets the probable need for interest rates to remain higher for longer in order to bring inflation sustainably back down, the IMF said

Central banks should stick to 'higher for longer' rate approach: IMF

The S&P has risen more than 7% this year and is up more than 15% from its low in mid-October