Page 23 - Reuters/workspace/business Standard Web/undefined

Oil prices steady as oversupply fears ease, demand outlook improves

Brent crude futures were up 7 cents, or 0.11%, at $61.08 a barrel at 1320 GMT

Stocks rise, gold slips as easing trade tensions boost investor confidence

In Asia, the near-certainty of Sanae Takaichi becoming Japan's next prime minister briefly sent Tokyo's Nikkei to a record high and dented the yen

India still has a long way to go in curbing toxic cough syrup, says WHO

The children died after taking the Coldrif cough medicine made by Sresan Pharma, which tests showed contained the toxin diethylene glycol in quantities nearly 500 times the permissible limit

Asian stocks rise on easing US-China trade tensions, Nikkei hits record

A broad rally sent all three major US stock indexes to a sharply higher close overnight with chip stocks hitting a record high

Amazon's AWS cloud service restored after global outage disrupts businesses

AWS hosts applications and computer processes for companies around the world, and the disruption knocked workers from London to Tokyo offline and halted others from conducting normal everyday tasks

Global companies hit by $35 bn in US tariffs, but outlook stabilizing

Trump's trade war has hiked U.S. tariffs to their highest levels since the 1930s, and the president has regularly threatened more duties

Trump vows to keep massive tariffs on India until Russian oil imports cease

"I spoke with Prime Minister Modi of India, and he said he's not going to be doing the Russian oil thing," Trump told reporters aboard Air Force One

Russia continues oil shipments to India, TASS cites foreign ministry

Trump reiterated that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so

PNB expects $1 billion hit in transition to new credit rules, says CEO

The country's third-largest state-owned lender by market capitalisation is one of the first to disclose an estimate on the likely effect of the rules

Gold prices consolidate after record rally, focus on US-China talks

Spot gold was up 0.3% at $4,259.84 per ounce, as of 0951 GMT. U.S. gold futures for December delivery climbed 1.5% to $4,275 per ounce

Thyssenkrupp in 'intensive' talks with Jindal Steel over sale of steel unit

Jindal Steel International last month made an indicative bid for Thyssenkrupp Steel Europe (TKSE), Europe's second-largest steelmaker

Godrej Group firm plans third debt sale in as many months, eyeing $230 mn

The STRPP bonds are set to have a maturity ranging from three years to four years

US, India likely to drive new copper demand as China's growth slows

Changing regional policies, infrastructure cycles and geopolitical shifts are likely to mean producers, consumers, traders and investors need to adapt to a market that has many different drivers

Asian shares rise on earnings optimism, US inflation seen as minor hurdle

Japan's Nikkei led Asia higher with a rise of 1.5 per cent encouraged by news the Liberal Democratic Party and the Japan Innovation Party have agreed to form a coalition government

After coup, Madagascar's Gen Z demand a voice in shaping what comes next

Madagascar's young population, averaging just 19, faces a litany of problems that are largely the result of mismanagement by a succession of older men

US-China trade war clouds global economic outlook as 'new normal' emerges

When finance ministers and central bankers gathered in Washington in April for the first of the twice-yearly meetings of the International Monetary Fund and World Bank

RBL Bank eyes wealth management after Emirates NBD acquires 60% stake

The deal is the latest in a series of cross-border deals in India this year as India seeks to attract foreign investment and strengthen the country's midsize banks

RBL Bank's ₹26,853 crore deal with Emirates NBD marks record FDI in banking

The deal is the largest by a Middle Eastern bank in India, and comes months after Japan's Sumitomo Mitsui Banking Corporation's move to buy up to 25% of Yes Bank

Zelenskyy to request Tomahawk missiles from Trump amid Putin summit

Trump announced the summit after a more than two-hour phone conversation with Putin about Russia's war in Ukraine on Thursday, which he said was productive

Global bank stocks fall on credit worries as US lenders rebound slightly

The banking sector's exposure to two recent US auto bankruptcies has rekindled concerns about lending standards more than two years after Silicon Valley Bank's failure triggered broader turmoil