Page 941 - Reuters/workspace/business Standard Web/video

Twitter set to accept Elon Musk's $43 bn 'best and final' offer

Twitter may announce the $43 billion deal later on Monday once its board has met to recommend the transaction.

Elon Musk clinches deal to buy Twitter for $44 billion

Twitter's shares were up about 6% following the news

China cuts banks foreign reserve requirement ratio to support yuan

The PBOC previously raised the FX reserve ratio for financial institutions by 200 basis points in December 2021, to rein in a rising yuan and make it more expensive for banks to hold dollars

Ukraine can win war with right kind of arms: Pentagon chief Lloyd Austin

Blinken said the US will reopen its embassy in Ukraine soon and that Russia had failed and Ukraine had succeeded in terms of "war aims", and promised more military aid

India's petcoke imports seen doubling amid soaring global coal prices

Global coal prices are near record highs due to fears of a supply crunch following the European Commission's decision to ban coal imports from Russia after its invasion of Ukraine

Biden names veteran diplomat Bridget Brink as US ambassador to Ukraine

A Michigan native who speaks Russian, Brink's 'decades of experience make her uniquely suited for this moment in Ukraine's history,' a State Department statement said

Ukraine war: Putin accuses West of 'terror', tells prosecutors to be tough

Speaking to Russia's top prosecutors and watched by his defence minister, Putin accused the West of inciting Ukraine to plan attacks on Russian journalists - an allegation denied by Kyiv

Cash shifts pull rug under global equity markets, say strategists

World stocks recorded their worst quarter this year since the coronavirus pandemic unleashed havoc in March 2020, while US stocks are down nearly 12% from its peak earlier this year

Covid-19: Beijing shoppers throng stores as district starts mass testing

Since Friday, Beijing has reported 70 locally transmitted cases in eight of its 16 districts, with Chaoyang accounting for 46 of the total, said a local health official on Monday

Coca-Cola results exceed expectations on higher prices, stable demand

Analysts and companies have warned that demand could slow as the Ukraine war and Indonesia's ban on palm oil exports result in higher global food prices

TikTok owner ByteDance appoints lawyer Julie Gao as new CFO; to join in May

Gao has advised on ByteDance's acquisitions of Musical.ly, which was later integrated into TikTok, and Shanghai-based gaming studio Moonton

Two-thirds of workers might seek new jobs if forced back to office: Survey

The findings track US data showing high levels of job turnover, as well as near-record vacancies as firms struggle to recruit and hold onto workers

Macron re-election has no immediate effect on France's credit rating: S&P

Although the still-divided political landscape could see economic reforms watered down, S&P Global said

Gold falls to four-week low amid rate hike jitters, robust dollar

Spot gold fell 0.7% to $1,916.17 per ounce by 0922 GMT, earlier hitting its lowest since March 29 at $1,911.80

US says will reopen Kyiv embassy, 'Russia has already failed' in war aims

U.S. officials said they pledged new assistance worth $713 million for Zelenskiy's government and other countries in the region

European Union, India to set up trade, technology council: EU chief Ursula

Both sides agreed that rapid changes in the geopolitical environment highlight the need for joint in-depth strategic engagement

Gold hits 2-week low on hawkish Federal Reserve bets, dollar strengthens

Gold now at a two week low over Fed bets while the dollar is steadily strengthening its ground. Spot gold was down by 0.1% per ounce while futures were down by 0.2%

Euro inches up after Macron's victory, gains against bruised sterling

Euro gained a fraction after French President's comfortable defeat of his opponent Marine Le Pen. The outcome was largely expected by market pundits and political analysts.

Global edible oil markets simmer over shocking Indonesian ban on palm oil

Indonesia's ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium.

Oil prices extend losses as Shanghai lockdowns hit demand outlook

Brent crude futures slid $1.90, or 1.8%, to $104.75 a barrel at 0015 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1.89, or 1.9%, to $100.18 a barrel