Page 286 - Reuters/workspace/business Standard Web/undefined

PBOC lowers interest rates, injects liquidity into the banking system

People's Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5 per cent reserve ratio.

SP Group plans new $253.5 mn bond sale, seeks more time to repay some dues

The company is in talks with Deutshe Bank for this new 21.2 billion rupees debt raise and the final amount could be higher, at around 24 billion rupees

India to not buy from Russia's sanctioned LNG 2 project, says oil secy

The Arctic LNG 2 project by Russia's Novatek is subject to Western sanctions over Russia's war with Ukraine

NPCI inks deal to develop digital payments system for Trinidad and Tobago

Earlier in the year, NIPL had agreed to develop digital payments systems for Peru and Namibia, using UPI as a blueprint

Leadership contest for Japan's next prime minister heads to run-off

The scramble to replace current premier Fumio Kishida was sparked in August when he announced his intention to step down

Israeli teams will continue meetings on US ceasefire proposals: Netanyahu

The comments came after Israeli Foreign Minister Israel Katz said on Thursday there would be no ceasefire in the north

Intel and US to finalise $8.5 billion in chips funding by year-end

US President Joe Biden awarded Intel nearly $20 billion in grants and loans in March to boost the company's domestic output

Hurricane Helene hits Florida, raising fears of widespread damage, deaths

Officials pleaded with residents in the path of the storm to heed mandatory evacuation orders or face life-threatening conditions

US FDA approves Bristol Myers' Squibb drug for treating schizophrenia

Bristol Myers obtained the drug Cobenfy, also known as KarXT, through its $14 billion takeover of Karuna Therapeutics last year

China's industrial profit growth swings back to decline in August

Profits plunged 17.8 per cent in August from a year earlier following a 4.1 per cent increase in July

Govt bond yields may partly reverse fall as borrowing plan disappoints

Traders will also focus on fresh debt supply, while also remaining cautious after rise in US Treasury yields

Elon Musk's X seeks Brazil comeback, retreats on 'censorship' feud

A decision from the court on X's return is still pending, but people close to Musk in Brazil believe service could be restored in a matter of days

Biden's new order hopes to curb 3D guns, improve shooter drills in schools

The order, signed by Biden at a White House event, sets up a new federal task force to assess the threat posed by machine gun

Rupee to gauge trimmed bets of large Fed cut, US inflation data in focus

US jobless claims declined to a four-month low while gross domestic product grew at an unrevised 3 per cent

Dollar drifts, risk-sensitive currencies lifted by China optimism

Data on Thursday suggested the US labour market remained fairly healthy

RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Poll

Inflation held below the RBI's medium-term target of 4.0 for a second month in August

Outdated fleet and seats, supply woes hinder Air India's turnaround

Global shortages are hurting plans for most airlines, but the problem is more acute for Air India

Accenture unveils $4 bn share buyback as AI powers strong quarterly revenue

The Dublin-based company reported fourth-quarter revenue of $16.41 billion, compared with analysts expectations of $16.38 billion, according to LSEG data

Softbank-backed Swiggy files for IPO; aims to raise about Rs 3,750 crore

Swiggy's long-awaited public listing comes amid a booming IPO market, with 198 companies having raised $7.1 billion in the year to Sept.4, more than double the amount for the same period last year

Google restricts creation of new accounts for Russian users, says report

The ministry said there was no certainty that SMS confirmations for two-factor authentication would continue working, Interfax reported