Page 214 - Reuters/workspace/business Standard Web/undefined

Bitcoin crosses $100,000 on optimism over Donald Trump's crypto plans

More than 16 years after its creation, bitcoin appears on the cusp of mainstream acceptance, despite naysayers and a history of controversies

India's Exicom expects EV charger business to bring 50% revenue by 2030-end

The company plans to double that by 2030, said CEO Anant Nahata, as India's electric vehicle sector expands at an annual rate of 30%-50%

Millions in Cuba remain in dark after blackout as national grid collapses

Cuba blames the crisis on US sanctions, which complicate financial transactions and the purchase of fuel

US drug body approves Merus' therapy for lung, pancreatic cancer patients

The therapy, branded as Bizengri, targets the NRG1 gene, which is associated with formation and progression of several tumors

Nissan boss Uchida races to save the struggling company and his job

Uchida's tenure has coincided with a tectonic shift in the automotive landscape, as new EV makers challenge decades-old manufacturers

Asian stocks mixed as US data fuels hopes of Fed interest rate cuts

The S&P 500, Nasdaq and Dow all notched record highs overnight and bitcoin, at times a barometer of the mood, was back within a whisker of $100,000

Donald Trump picks former SEC commissioner Paul Atkins to run agency

Atkins, a Republican former SEC commissioner, is replacing Gary Gensler, President Joe Biden's hard-charging chair whose ambitious agenda led him to clash with Wall Street and the crypto industry

'Radical targets toppled former CEO Carlos Tavares at Stellantis'

Stellantis is now searching for a new chief executive with a daunting to-do list

StanChart targets $200 bn new assets; focuses on Chinese, Indian wealthy

StanChart's assets under management sourced from wealthy Chinese and Indians with global needs rose by about 40 per cent and 20 per cent

Wall Street stocks up, dollar steady amid turmoil in South Korea, France

UnitedHealth shares gained 0.4 per cent even as Brian Thompson, the CEO of its insurance unit, was fatally shot on Wednesday morning in New York City

UnitedHealthcare's insurance unit CEO Thompson fatally shot in Manhattan

Police were still searching for the masked suspect, who fled on foot wearing a cream-colored jacket and a gray backpack

Trump's Pentagon nominee Hegseth refuses to back down amid growing doubts

Hegseth has denied allegations made in a police report that he sexually assaulted a woman in 2017 at a conference in California

Pernod Ricard internal probe reveals that top India exec violated laws

Enforcement Directorate, in Jan. 2023 accused Pernod Ricard India (PRI) of engaging in money laundering by unlawfully facilitating $24 million in corporate guarantees

OPEC+ to discuss extending oil cuts into 2024 in formal talks on Thursday

An output hike of 180,000 bpd - a fraction of the total - was planned for January from the eight members involved in OPEC+'s most recent cuts of 2.2 million bpd. The hike has been delayed from October

Putin urges govt, central bank to coordinate action to curb high inflation

"It is also necessary to curb inflation, which is currently at a fairly high level," Putin told an international investment conference organised by Russia's second-largest lender VTB in Moscow

Share markets rise on expectations of CRR cut by RBI later this week

The NSE Nifty 50 climbed 0.32 per cent to 24,534.65 points, as of 11:02 a.m. IST, while the BSE Sensex gained 0.37 per cent to 81,145.54

Gold prices steady as market anticipates key US jobs data, Powell's speech

South Korean lawmakers urged President Yoon Suk Yeol to resign or face impeachment after he briefly declared and then reversed martial law, sparking a political crisis

Grains for gold: Govt export curbs drive boom in barter smuggling

The practice of smuggling gold to buy grain has persisted even after India, the world's second-largest gold consumer, slashed 9 percentage points from its import duty in July

Oil prices edge higher on imminent Opec+ decision, geopolitical turmoil

In the Middle East, Israel said on Tuesday that it would return to war with Hezbollah if their truce collapses and that its attacks would go deeper into Lebanon and target the state itself

South Korea faces global backlash after President Yoon's martial law decree

The martial law declaration cast doubts over a possible visit next week by the U.S. defense secretary. Japanese media reported he was due to meet South Korean and Japanese counterparts as part