Page 96 - Reuters

S&P 500, Nasdaq hit record highs on trade hopes; set for strong quarter

The Dow Jones Industrial Average rose 201.4 points, or 0.46 per cent, at the open to 44,020.66

India to see above-average July rains after wetter than normal June: IMD

The monsoon is the lifeblood of India's nearly $4 trillion economy, delivering almost 70% of the rainfall needed to water farms and replenishing aquifers and reservoirs

Hyatt signs $2 bn deal with Tortuga to sell Playa's real estate assets

Hyatt had entered into a deal to buy Playa, which operates 24 high-end, all-inclusive resorts across Mexico, Jamaica and the Dominican Republic

Fiscal deficit slips to 0.8% of full-year target at May-end 2025: CGA data

The fiscal deficit, or gap between the government's expenditure and revenue, had touched 11.9 per cent of the Budget Estimates (BE) for 2025-26 or Rs 1.86 trillion in April

Sona Comstar plans domestic magnet production to reduce China imports

India, which has the world's third-largest car market and its fifth-largest reserves of rare earths, is working on a new program to incentivise magnet production locally to wean off China

China factory activity shrinks for third month in June amid weak demand

The official purchasing managers' index (PMI) rose to 49.7 in June from 49.5 in May, remaining below the 50-mark separating growth from contraction

Asia shares rise as tech rally lifts Wall Street, US jobs test looms large

Investors were also keeping a wary eye on the progress of a huge US tax-cutting and spending bill slowly making its way through the Senate

Nvidia insiders sold over $1 billion in stock amid market surge: Report

Jensen Huang, Nvidia's chief executive, started selling shares this week for the first time since September, the SEC filing showed

World economy faces 'pivotal moment': Bank for International Settlements

The post-Covid spike in inflation seems to have had a lasting impact on the public's perception about price moves too, a study in the report showed

Buyer found for TikTok, identities to be revealed soon, says Donald Trump

"We have a buyer for TikTok, by the way," Trump said. "I think I'll need probably China's approval. I think President Xi will probably do it."

China rolls over $3.4 billion of commercial loans to Pakistan: Report

Beijing rolled over $2.1 billion, which has been in Pakistan's central bank's reserves for the last three years, and refinanced another $1.3 billion commercial loan

Trump slams Israeli prosecutors over Netanyahu's corruption trial

Netanyahu was indicted in 2019 in Israel on charges of bribery, fraud and breach of trust - all of which he denies

Trump plans executive orders to power AI growth in race with China

The administration will also release an AI action plan and schedule public events to draw public attention to the efforts

Meta may face daily fines over pay-or-consent model: European Commission

The move shows the Commission's continuing crackdown against Big Tech and its push to create a level playing field for smaller rivals despite US criticism about the bloc's rules

Rwanda, Congo sign US-brokered deal to end deadly eastern conflict

Kinshasa and Kigali will also launch a regional economic integration framework within 90 days, the agreement said

US SC limits judges' power to block birthright citizenship order

However, the court's 6-3 ruling authored by conservative Justice Amy Coney Barrett did not let Trump's policy go into effect immediately and did not address the policy's legality

China's central bank vows faster policy response to economic conditions

The world's No.2 economy has faced pressure this year due to U.S. President Donald Trump's imposition of tariffs on Chinese products and persistent deflationary pressure at home

Govt urges state-run banks to boost lending amid economic growth push

Financial Services secretary M. Nagaraju said banks were also urged to boost credit to small businesses and improve deposit mobilisation, following a review meeting chaired by FM Nirmala Sitharaman

SBI likely to kick off debt fundraising by August via tier II bond issue

SBI has not tapped the bond market in the first half of 2025 and shelved a plan to issue infrastructure bonds in March due to elevated yields

Asia shares hit over three year high; dollar struggles on Fed concerns

Stock indexes worldwide look set to end the week on a positive note, with worries about tensions in the Middle East and uncertainty over tariffs and trade deals on the backburner for now