India Festival Spending Booms Despite Inflation Worries, Global Slowdown
Indian consumers are lapping up everything from cars, houses and television sets to travel and jewellery in the festive season that began last month
Oil Edges Up On Weaker Dollar, Low U.S. Diesel Stocks
Oil prices reversed earlier losses and inched up in Asian trade on Friday, supported by a weaker U.S.
Dollar Holds Firm, Yen Hovers Around 32-year Low
The dollar took a breather on Friday after a volatile overnight session as red-hot U.S.
Asian Shares Track Wall Street Higher As Jitters Abound
Asian shares tracked Wall Street higher on Friday, although gains could quickly unwind as investors grapple with the reality that surging U.S.
Elon Musk Is Under Federal Investigation, Twitter Says In Court Filing
Elon Musk is being investigated by federal authorities over his conduct in his $44 billion takeover deal for Twitter Inc, the social media company said in a court filing released on Thursday.
Analysis-Xi Faces Painful Gear Shift As China's Investment-led Growth Sputters
American businessman Brody Shores' furniture business in China grew on a model that leaned heavily on the promise of an enduring property boom and homebuyers desperate for fully furnished new apartments.
Actor Cuba Gooding Jr. Avoids Criminal Record In Manhattan Sex Abuse Case
Actor Cuba Gooding Jr. pleaded guilty on Thursday to a single count of harassment under an agreement with prosecutors sparing him any jail time while disposing of a criminal case that stemmed from allegations by several women of sexual misconduct.
U.S. Supreme Court Rebuffs Novartis, Allows Generic Versions Of MS Drug
The U.S. Supreme Court on Thursday turned down Novartis' bid to block the launch of generic versions of the company's blockbuster multiple sclerosis drug Gilenya in a dispute with China's HEC Pharm Co Ltd and other generic drugmakers.
Venezuelans Fret Over New U.S. Border Plan, Saying 'We Can't Go Back'
Venezuelan migrants stranded on the U.S.-Mexico border on Thursday worried they might never reach the United States after a bilateral deal this week sought to put a lid on a recent sharp increase in crossings by the South Americans.
Creditors Say Chad Does Not Need Debt Relief Now Given Oil Price Surge
Chad's creditors on Thursday said they had agreed that the African country did not need debt relief at the moment given a surge in oil prices, but committed to reconvene if a financing gap was identified.
Posh Ice Cream, Craft Beer In Vogue As Chinese Downsize Their Love Of Luxury
Chinese consumers are typically known for lavish spending on high-end handbags, clothes and accessories that sustain Western luxury brands.
IMF Meetings Marked By Push To End Ukraine War, Spain's Finance Minister Says
International Monetary Fund members are calling more strongly for an end to the war in Ukraine, which is having a sharply negative impact on global economic growth, Spanish Finance Minister Nadia Calvino told Reuters on Thursday.
Explainer-Does Trump Have To Comply With The Jan. 6 Committee Subpoena?
The congressional committee investigating the Jan.
U.S. Supreme Court Rejects Trump Request Over Seized Documents
The U.S. Supreme Court on Thursday rejected former President Donald Trump's bid to have an independent arbiter vet classified documents that were seized by the FBI from his Florida home as part of his legal battle against investigators probing his handling of sensitive government records.
U.N. Security Council Considers Haiti Sanctions, Targeting 'Barbecue'
The U.N. Security Council is considering creating a sanctions regime to impose an asset freeze, travel ban and arms embargo on anyone who threatens the peace, security or stability of Haiti, according to a draft resolution seen by Reuters on Thursday.
Canada's Drought-stricken British Columbia Bracing For Floods When Rains Return
Canada's British Columbia province on Thursday warned residents to prepare for flooding when rains eventually return after a prolonged drought exacerbated by climate change that has raised concerns about long-term damage to ecosystems ranging from glaciers to salmon rivers.
IMF Sees Japan's Currency Intervention As 'Signaling' Move With Short-term Impact
Japan's currency intervention last month to stop a sharp slide in the yen was likely a "signaling action" to smooth volatility, though the impact of such moves tend to be short-lived, a senior International Monetary Fund official said on Thursday.
Afghans In UAE Facility Are 'Psychologically Suffering,' Canada Refugee Says
Afghans living in a makeshift refugee camp in the United Arab Emirates staged demonstrations this week protesting the uncertainty of their status
Cardinal Asked Vatican Police To Keep Woman's Embezzlement Secret, Court Told
A cardinal at the centre of a Vatican corruption trial asked the city-state's police in 2020 not to disclose evidence that a woman who was working for him had embezzled money for personal use that was supposed to pay ransom for a kidnapped nun, a police officer told a court on Thursday.
Traders Get No Reprieve From Volatility As CPI Sends U.S. Stocks On Wild Ride
Anyone hoping for calmer waters in markets this month is being badly disappointed, as turmoil in UK government bonds, surging oil prices and now another hot U.S.
After Malpass Fray, Yellen Says World Bank Must 'Lead' In Global Energy Transition
U.S. Treasury Secretary Janet Yellen on Thursday stressed that the World Bank, whose president, David Malpass, has been on the defensive about his views on climate change, must play a leadership role in the global transition to clean energy.
Canada Energy IPOs Tough Sell Even As Institutions Return To Sector
Institutional investors are returning to the Canadian oil and gas sector with gusto after shunning the industry over ESG concerns in recent years, but the appetite for new energy listings remains limited due to wider market volatility.
Netflix Ad-supported Plan To Launch In November At $7 A Month
Netflix Inc said on Thursday it will introduce a streaming plan with advertising for roughly $7 per month in November, a move to attract new subscribers after the company lost customers in the first half of the year.
U.S. Grocer Kroger In Talks To Merge With Rival Albertsons -sources
U.S. grocery company Kroger Co is in talks to merge with smaller rival Albertsons Companies Inc in a tie-up that would create a supermarket titan, people familiar with the matter said.
IMF Head Admonishes UK Officials Over Coherence Of Fiscal, Monetary Policies
International Monetary Fund Managing Director Kristalina Georgieva on Thursday rebuked Britain over its planned tax cuts, telling its finance minister and central bank chief that their policies should not be contradictory.
Text Messages Between Oath Keepers Founder And Lawyer Not Protected, U.S. Judge Rules
U.S. prosecutors will be allowed to introduce potentially incriminating messages between the leader of the Oath Keepers and the far-right group's general counsel, a judge ruled on Thursday, saying the texts were personal in nature and do not fall under attorney-client privilege.
Redefine Meat Strikes Partnership To Boost 3D-printed Meat Sales In Europe
Israel's Redefine Meat has struck a partnership with importer Giraudi Meats to drive European distribution of its "New Meat" steak cuts produced on 3D printers, it said on Thursday.
Saudi Arabia, United States Clash Over Reason For OPEC+ Oil Cut
Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S.
Nikola Founder Was A 'Con Man,' U.S. Prosecutor Tells Jurors
A federal prosecutor on Thursday urged jurors to convict Nikola Corp founder Trevor Milton of fraud, calling him a "con man" who lied about the low-emission vehicle company to defraud ordinary investors.
BlackRock Assets Fall Below $8 Tln, Profit Beats On Strong ETF Demand
BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout, but its assets under management fell below expectations.