Page 315 - Reuters/workspace/business Standard Web/undefined

Asian factories show tentative signs of recovery as China's PMI improves

Factory activity in South Korea and Taiwan also expanded in August, while Japan saw a slower rate of contraction due in part to solid global demand for semiconductors

Apple set for music, TV streaming fight in India after deal with Airtel

India, Apple Music will become available to premium users of Airtel's Wynk music app, which will eventually close

China to pitch green tech exports to Africa amid concerns of Western curbs

"That's a big ask for a continent that generally has very poor China literacy."

Rupee to decline after US data indicates larger Fed rate cut unlikely

The 1-month non-deliverable forward indicated that the rupee will open at 83.90 to the US dollar

Indian govt bond yields seen marginally higher, tracking US peers

Markets are fully pricing in a rate cut of at least 25 basis points at the Fed's mid-September meeting

China's August manufacturing swung back to growth, shows Caixin PMI

The Caixin/S&P Global manufacturing PMI rose to 50.4 in August from 49.8 the previous month, beating analysts' forecasts in a Reuters poll of 50.0

10,000 US hotel workers strike as contract talks with operators break down

The strike is taking place with the industry facing a 9% increase in Labor Day weekend domestic travel compared to last year, according to AAA booking data

Britain may lose $16 bn with North Sea tax changes, says industry body

The changes will also include scrapping the levy's 29% investment allowance, which lets companies offset tax from capital that is re-invested

Disney, DirecTV fail to reach distribution deal, subscribers lose access

Disney balked at DirecTV's request for discounts and lower distribution thresholds, one person familiar with the negotiations said

Asian share mkts off to a quiet start, dollar firm ahead of US jobs report

The dollar was hanging on to gains made on Friday after upbeat spending figures led markets to trim the chance of a half-point easing from the Federal Reserve

Israel's main labour union calls strike as pressure mounts for hostage deal

High-tech companies, manufacturers to join strike. Protesters block key roads to pressure government

Egypt's net foreign assets positive for third consecutive month in July

Egypt had been using its NFAs, which include foreign assets at both the central bank and commercial banks, to help prop up its currency since at least September 2021

India unit actively engaging with tax authorities: British insurer Aviva

Aviva's India business paid about $26 million to entities who purportedly provided marketing and training services, but they did not perform any work

IBA likely to seek easing of proposed norms for retail deposits: Report

The RBI had sought feedback on the proposal until Aug 31, after which it would finalise them for implementation from April 2025

Amazon turns to Anthropic's Claude for conversational AI-powered Alexa

Amazon reportedly plans to charge for the upgraded version of Alexa as it will use generative AI to answer queries while offering the standard version for free

US futures rise, inflation data in spotlight as Fed's Sept meeting nears

Economists polled by Reuters forecast a marginal rise to 2.6% on an annual basis, from the previous month's 2.5%

Floods in Bangladesh impacting cotton import, shipments may divert to India

Some cotton shipments could get diverted to India, Pakistan and Vietnam, commodity analysts said

China's market regulator says Alibaba completed 3-yr 'rectification' period

In 2021, the regulator slapped a record $2.75 billion fine on the e-commerce giant for abusing its market position by forcing merchants on its platforms not to work with rival platforms

China lacks ability to fully invade, but has other options: Taiwan military

China's aim with the drills was to practice cutting off communication with the outside world and blockade Taiwan, and boarding foreign cargo ships is an option China could take

BPCL plans refining, petchem projects over 5-7 years to meet energy demand

India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5 per cent and 7-8 per cent in the 'foreseeable future'