Page 231 - Reuters/workspace/business Standard Web/video

Auto-producer countries including Germany press EU to waive CO2 fines

Automakers have warned of plant closures and thousands of job losses, as they struggle with weak demand, Chinese competition and lower than expected electric vehicle sales

US jury deliberates in Arm, Qualcomm trial after closing arguments wrap

In the trial that started on Monday, Arm sought to portray Qualcomm's moves as a first-of-its-kind flouting of standard contractual terms the British company had used successfully

Trump-backed spending deal fails in US House, shutdown approaches

Previous fights over the debt ceiling have spooked financial markets, as a US government default would send credit shocks around the world

Asian shares pinned near three-month lows, dollar towers at 2-yr peak

Rates now are expected to bottom out at 3.9 per cent by the end of next year, much higher than just a few months ago

India, Australia brighten share sales' prospects for 2025 in Asia Pacific

The Indian exchange accounted for 16.8 per cent of global market share for IPOs, outranking the New York Stock Exchange and Nasdaq, the data showed

Tech Mahindra aiming for bigger bite of bank tech spends, says CEO

Mohit Joshi, who took the helm of India's No.5 software services exporter in December 2023 wants to increase the share of BFSI in Tech Mahindra's revenue mix by up to 25 per cent by March 2027

Reliance resume oil swap with Venezuela's PDVSA under US licence: Report

A supertanker carrying about 1.9 million barrels of Venezuelan Merey heavy crude departed earlier this month for India's Sikka port

India prepares for possible trade talks with US after Trump takes office

While aiming to protect its manufacturers from potential US tariff hikes on its exports, India is exploring ways to strengthen ties with Washington

Wall Street rebounds, dollar stalls as markets digest Fed's slowdown signal

The dollar gave back some of Wednesday's gains and gold rallied as investors grew accustomed to the reality that the central bank will take a slower, more measured approach to policy easing

Trump, not yet in office, already a figure in global economic policy

Some Fed officials incorporated 'highly conditional estimates' of Trump effects in new projections

Suspect in killing of UnitedHealth executive transferred to NYPD custody

A grand jury in New York has indicted Mangione on 11 counts, including first-degree murder and murder as an act of terrorism

US existing home sales increase 4.8% to eight-month high in November

Home sales jumped 4.8 per cent last month to a seasonally adjusted annual rate of 4.15 million units, the highest level since March

Russia ready to compromise with Donald Trump on Ukraine war, says Putin

Asked what he might be able to offer Trump, Putin dismissed an assertion that Russia was in a weak position, saying that Russia had got much stronger since he ordered troops into Ukraine in 2022

US weekly unemployment claims unexpectedly fall 22,000 to 220,000

Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 220,000 for the week ended Dec 14

BoE keeps interest rates steady at 4.75%, but MPC members split on decision

Three of the BoE's nine-person Monetary Policy Committee - Deputy Governor Dave Ramsden and external members Swati Dhingra and Alan Taylor - voted for a quarter-point rate cut to 4.5 per cent

Accenture beats estimates for Q1 revenue on rise in services demand

The company's new bookings rose to $18.7 billion for the first quarter from $18.4 billion a year earlier

Bharti Airtel clears 2016 spectrum liabilities by paying Rs 3,626 crore

Indian telecom operators owe the government significant spectrum fees, following years of high-stakes auctions and competitive bidding for airwave rights

Dollar slips as Fed signals slower pace of rate cuts, yen slides on BOJ

Currencies around the world tumbled on Wednesday after the Fed decision boosted the dollar, although many rebounded on Thursday in choppy trading conditions with thin volumes ahead of holiday period

Behind Honda and Nissan tie-up, existential threat posed by Chinese EVs

Like other foreign carmakers, both Honda and Nissan have lost ground in China

RBI ramps up forward dollar sales to defend stumbling rupee, say traders

In the last two trading sessions, the Reserve Bank of India (RBI) conducted buy-sell swaps of an estimated size of $3 billion-4 billion