By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries for their news and will roll out a tool to make it easier for others to sign up too, the company told Reuters. The move to be announced …
Exclusive: Google paying more than 300 EU publishers for news, more to come Read More »
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) -India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for alternatives to Black Sea supplies hit hard by the war in Ukraine. April is the first month of the fiscal year. …
As Black Sea supplies fall, India sells record 1.4 million tonnes wheat in April Read More »
By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude oil price settled below $100 a barrel on Tuesday to its lowest level in two weeks as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies. U.S. West Texas …
U.S. oil settles below $100 a barrel on economic worries, strong dollar Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Tuesday, after fluctuating between modest gains and declines earlier in the session as it held near a two-decade high ahead of a key reading on inflation that could provide clues on the Federal Reserve’s monetary policy path. Equities were also choppy and off their …
Dollar higher in choppy trade as inflation data eyed Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices reversed course and fell on Tuesday as the dollar resumed strengthening, while investors shifted their attention to U.S. inflation data for cues on the Federal Reserve’s monetary policy strategy. Spot gold was down 0.5% at $1,844.95 per ounce by 01:52 p.m. EDT (1752 GMT), after rising as much …
Gold retreats as dollar resumes uptick; U.S. inflation data eyed Read More »
By Alun John HONG KONG (Reuters) – TerraUSD, one of the world’s largest stablecoins, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin’s tumble below $30,000 for the first time in 10 months. Stablecoins are digital tokens pegged to the value of traditional assets, such as the U.S. …
Stablecoin Terra’s broken dollar peg hits wider crypto markets Read More »
(Reuters) – India’s fuel consumption moderated and slipped 4% in April from the previous month, data showed on Tuesday, as elevated domestic prices slowed activity in the world’s third biggest oil consumer. Consumption of fuel, a proxy for oil demand, totaled 18.64 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the …
India’s fuel sales moderate in April, fall 4% m/m Read More »
By Krishna N. Das and Aditya Kalra NEW DELHI (Reuters) -India’s JSW Group plans to compete aggressively with Adani Group for assets of Holcim AG’s local cement businesses, two sources said on Tuesday, setting the stage for a bidding battle to become the country’s second-biggest player in the industry. The steel-to-cement JSW Group’s chief Sajjan …
JSW, Adani set to battle for Holcim’s India cement assets -sources Read More »
(Reuters) – New York-based Tiger Global has been hit by losses of around $17 billion during this year’s technology stock selloff, marking one of the biggest dollar declines for a hedge fund in history, the Financial times reported The firm, one of the world’s biggest hedge funds, has erased around two-thirds of its gains in …
Tiger Global hit by $17 billion losses in tech rout – FT Read More »
BENGALURU (Reuters) – Indian payments startup BharatPe said on Tuesday its board had recommended several measures, following a corporate governance review, including termination of several employees and vendors and filing criminal cases against them for misconduct. IPO-hopeful BharatPe, which allows shop owners to make digital payments through QR codes, had initiated a corporate governance review …
Indian payments firm BharatPe to overhaul governance framework, sack several employees Read More »
