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Return of the fat cats? Europe's bank bonuses rise as profits rebound

Banks have added billions of dollars to bonus pools as they try to reassure restless staff they will be rewarded in 2021 after a lean 2020.

US trade deficit jumps to record high in June on strong import growth

The Commerce Department said on Thursday that the trade gap increased 6.7% to $75.7 billion in June, an all-time high

Wall Street pushes US stocks, oil prices higher on promising data

US stocks and oil prices rebounded as unemployment claims declined and the trade deficit widened, positive economic data in the face of rising Covid-19 cases and signals of declining Fed stimulus

Ethereum software upgrade activated; ether, bitcoin down 4-5%

Ether was already lower on the day going into the technical adjustment

Chevron Corporation tops profit estimates, joins share buyback stampede

The company cut its annual capital spending forecast to about $13 billion, now below what it had spent last year.

Mastercard submits new audit to India after ban over data handling

The Reserve Bank of India (RBI) on July 14 sent panic-waves through Indian banking partners by announcing a ban, effective from July 22, to prevent the U.S. giant from issuing new cards.

Amazon hit with $886 million European Union data privacy fine

This is for for processing personal data in violation of the EU's General Data Protection Regulation (GDPR)

Jhunjhunwala's new airline may give Boeing a chance to regain lost ground

Indian skies are dominated by low-cost carriers (LCCs) including IndiGo, SpiceJet, GoFirst and AirAsia India, with the majority of them operating a fleet of Airbus' narrowbody planes.

Exxon posts highest profit in more than a year as demand recovers

Rebounding demand for oil, gas and chemicals helped

Covid: Delta variant threatens to cool oil demand recovery, shows poll

The survey of 38 participants forecast Brent would average $68.76 per barrel, up slightly from June's $67.48 estimate.

India rupee, bonds fall for second straight month; RBI policy in focus

Sentiment has been lifted after the Fed did not outline a taper timeline, which is expected to aid local shares and the rupee in the near future.

Crypto exchange Binance to wind down derivatives in Europe

Binance's exit from derivatives in Europe is its latest exit from specific crypto products after growing regulatory pressure.

Japan eyes fresh stimulus package as new curbs weigh on growth

Lawmakers have escalated calls for a new relief package

World stocks on course for sixth month of gains, dollar near 1-mth low

MSCI's World index was last down 0.3%, leaving it broadly flat on the week, but up 1.1% for the month, just shy of a record high.

US regulator freezes Chinese company IPOs over risk disclosures: report

The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings (IPOs) and other sales of securities by Chinese companies

Gold heads for best weekly gain in over 2 months on dovish Fed

US gold futures fell 0.3% to $1,830.80 per ounce.

SoftBank Q1 performance seen buoyed by China IPOs; crackdown clouds outlook

The group reported a record $37 billion net profit in the financial year ended March due in large part to outsized gains from a stake in South Korean e-tailer Coupang Inc.

India equity deals set to pick up pace as investors hunt post-pandemic bets

The fundraising boom in India by firms, ranging from an e-comm platform to a food delivery apps, comes even as country's economic rebound, already weakened in recent months, faces risk from Covid

Gold eyes biggest weekly gain in over 2 months on US Fed signal

Spot gold was steady at $1,827.28 per ounce by 0256 GMT, having hit its highest since July 15 at $1,832.40 on Thursday

Singapore's DBS and Temasek to set up $500 million debt financing platform

Southeast Asia's biggest lender DBS Group Ltd and Singapore state investor Temasek Holdings said on Friday they would jointly launch a $500 million growth stage debt financing platform