Page 1093 - Reuters/workspace/business Standard Web/undefined

China vehicle sales tumble amid Covid-19, semiconductor shortage

China's vehicle sales slid in July for a third consecutive month, hit hard by flooding in some areas of the country, Covid-19 outbreaks in other areas and the global shortage of semiconductors

Gold buoyed by Covid-19 Delta variant woes; focus on US inflation data

Spot gold was up 0.1% at $1,730.31 per ounce by 0637 GMT, and US gold futures rose 0.1% to $1,732.70

Google employees who WFH could lose money; FB, Twitter also cut pay

It is an experiment taking place across Silicon Valley, which often sets trends for other large employers

Oil prices up 3%; forecast for better US fuel demand feeds rebound

Oil prices rose 3% on Tuesday, rebounding from recent losses on signs of rising fuel demand in the United States despite a surge in Covid-19 cases

Pfizer shares hit record high with Covid-19 vaccine stocks on a tear

The percentage gain was the stock's biggest one-day rise since Nov. 9, when Pfizer released positive data for its Covid-19 vaccine

McDonald's faces Italian antitrust probe into franchise terms

The watchdog said a series of pervasive and binding clauses on prices, promotions, stocks, supplies and purchases, financial management, among others, could be seen as elements of abusive conduct

Delta tears across US, cases and hospitalisations at six-month high

Nationwide, Covid-19 cases have averaged 100,000 for three days in a row, up 35 per cent over the past week, according to a Reuters tally of public health data

Zomato's Q1 consolidated net loss widens to Rs 356 cr

Non-cash employee stock ownership plan expenses increased in the first quarter and also affected results, the company added

US Treasury yields extend rises on Federal Reserve's taper talk

The dollar also scaled a four-month high versus the euro as investors looked ahead to U.S. inflation numbers on Wednesday

UN climate report increases urgency for green investment funds

A UN climate report on Monday found that global warming is dangerously close to spiraling out of control

'DeFi' crime hits record high in first 7 months of 2021: CipherTrace

Losses from theft, hacks, and fraud in "decentralized finance" or DeFi, a thriving segment in the cryptocurrency sector, hit an all-time high in the first seven months of the year

Volkswagen joins Tesla in call for lower import tax on EVs in India

Cutting duties on electric vehicles even to 25% would not pose a "big threat" to domestic players, says German carmaker's India head

Google restricts ad targeting based on age, gender of people under-18

It also said it would turn off its "location history" feature, which tracks location data, for users under 18 globally

SoftBank pauses China investing as tech crackdown roils portfolio

SoftBank to wait and see on China, says Chief Executive Masayoshi Son

Indian rupee slips to near two-week low on US Fed taper talk

The Indian rupee weakened on Tuesday to its lowest level in almost two weeks, in line with other Asian currencies

US Treasury yields extend rising run on Federal Reserve's taper talk

The dollar also scaled a four-month high versus the euro

China anti-graft body criticizes business drinking after Alibaba scandal

On Sunday, a female Alibaba staffer alleged that she was sexually assaulted by her manager and a client while on a business trip.

Dollar hits 4-month high against euro on Federal Reserve's taper talk

The 10-year Treasury yield rose to as high as 1.336% in London trade, its highest in more than three weeks.

Oil recovers from three-week low amid surge in Delta variant infections

(Refiles to add dropped number in second paragraph - $67.47, not $7.47)

SoftBank's Vision Fund posts $2 bn Q1 profit, share weakness casts shadow

China regulatory action has hit valuations, but sees further upside from listing of Paytm, Policybazaar