Page 41 - Reuters/workspace/business Standard Web/undefined

Asia stocks scale new highs, dollar weakens ahead of Fed rate cut decision

Expectations of imminent Fed rate cuts have kept the market mood buoyant over the past few sessions and sent stocks scaling new highs

China accuses US of bullying over tariffs on Russian oil purchases

China opposes Washington's request that the Group of Seven and NATO countries impose secondary tariffs on Chinese imports over its purchase of Russian oil

Xi Jinping urges 'orderly exit' of outdated production capacity: Report

China's leaders have pledged to put an end to aggressive price cuts by some Chinese companies, which regulators say are spurring excessive competition that is damaging the economy

US to press ahead with TikTok ban if China keeps tariff, tech demands

US and China delegations are discussing the divestment from TikTok by Chinese owner Bytedance as part of a round of broader talks on tariffs and economic policy taking place in Madrid

Blackstone to acquire Pennsylvania gas power plant in $1 billion deal

US power demand is projected to reach record levels in 2025, driven by data centers for AI and cryptocurrency technologies, as well as higher residential and commercial consumption

S&P 500, Nasdaq hit record highs at start of Fed meeting week; Tesla gains

The electric vehicle maker jumped 5.8% to its highest level since late January after regulatory filings revealed Musk had acquired nearly $1 billion worth of Tesla's stock on Friday

Novartis signs $5.7 bn licensing deal with Monte Rosa Therapeutics

Under the agreement, Monte Rosa will receive an upfront payment of $120 million and could earn milestone payments and royalties that lift the total value to as much as $5.7 billion

TotalEnergies launches final phase of $27 bn Iraq energy project

The project aims to boost Iraq's oil, gas and power production, reduce imports from neighbouring Iran and lure back foreign investors

Sanctions-hit Nayara Energy seeks govt help for refinery repair gear

Refineries typically shut roughly every four years for maintenance that can last 30 to 50 days. Nayara last shut its refinery for maintenance in November 2022

India's August palm oil imports hit 1-year high on festive demand

Higher palm oil imports by India, the world's largest buyer of vegetable oils, are expected to help top producers Indonesia and Malaysia

Australia's ANZ to pay $160 mn over bond deal, customer violations

The penalties are a troubling milestone for Australia's fourth-largest bank, which last week announced 3,500 job cuts as new CEO Nuno Matos looks to improve profitability

US, Chinese officials hold talks in Spain on TikTok deadline, trade

The talks mark the fourth time in four months that the delegations have met in European cities to try to keep fractured U.S.-China trade relationship from collapsing under President Trump's tariffs

Brookfield in talks to buy Yes! Communities from GIC in $10 billion deal

Reuters could not immediately verify the report. Brookfield Asset Management, GIC and Yes! Communities did not immediately respond to Reuters' request for comment

Ukraine attacks major Russia's Kirishi oil refinery with big drone assault

As big powers talk about how to end the deadliest conflict in Europe since World War Two the drone war has escalated

Rolling Stone, Billboard owner Penske sues Google over AI overviews

News organizations have for months said the new features, including Google's "AI Overviews," siphon traffic away from their sites, eroding advertising and subscription revenue

Russia flexes military muscle with hypersonic missiles during drills

Russia's defence ministry released footage of the Northern Fleet's Admiral Golovko frigate firing a Zircon hypersonic missile at a target in the Barents Sea

China's military warns Philippines against provocations in South China sea

The two countries have been engaged in a long-running maritime standoff in the strategic waterway that has included regular clashes

US financial firms pledge $1.7 billion to Britain ahead of Trump's visit

The investment is expected to create 1,800 jobs across London, Edinburgh, Belfast and Manchester, and deepen transatlantic financial ties

Trump admin unlawfully directed mass US worker terminations, rules judge

Unions, nonprofits and Washington State sued after Trump's administration moved to fire roughly 25,000 probationary employees, who typically have less than a year of service

US FDA clears Apple Watch feature rollout for hypertension detection

Apple said the new hypertension notification feature will be available on Apple Watch Series 9, Series 10, Series 11, and the premium Ultra 2 and Ultra 3 models before the end of September