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SHERRY JACOB PHILLIPS
Surging global bond yields, elevated oil deepen rupee's slide to record lowsThe currency has slumped 2% over the last seven trading sessions. Traders said the losses would have been steeper if not for market interve...- Surging global bond yields, elevated oil deepen rupee's slide to record lowsElevated energy prices and weak capital flows have left India staring at a third consecutive fiscal year of a deficit in its balance of pay...
- Global Markets | Japan's Nikkei retreats from record high as Iran conflict concerns resurfaceThe benchmark Nikkei 225 Index edged 0.1% lower to 62,666.57, after jumping to an all-time high of 63,385.04 earlier in the session. The ...
- Air New Zealand cancels 46 long-haul flights as cabin crew strike loomsAir New Zealand has cancelled 46 long-haul flights affecting 9,500 travellers. This action comes ahead of a planned two-day strike by cabin...
- Venky's India Q1 Results: Profit jumps about fourfold as costs easeRealisations in the poultry segment were higher from sales of day-old chicks and adult broiler birds, which are reared for consumption, the...
- Elon Musk launches poll asking if Tesla should invest $5 billion in xAIElon Musk's social media poll asks if Tesla should invest $5 billion in xAI, his AI startup competing with OpenAI and Google. 70.2% of 322,...
- Prism Johnson Q4 Results: Firm posts loss hurt by lower pricing in cement businessNet sales fell marginally to 20.46 billion rupees from 20.56 billion rupees a year ago. Revenue from Prism Johnson's largest segment, cemen...
- Asset manager TPG raises $8 bln for Asia-focused private equity, real estate fundsThe fundraising takes TPG's total Asia assets under management to $35 billion, spread across "dedicated Asia-focused private equity, real e...
- European stocks kick-start week on tepid note; ECB policy meet in focusGerman's DAX marginally outperformed broader European equities, boosted by industrials after data showed industrial production rose more th...
- European shares muted with energy shares biggest dragEnergy shares were down 0.8% after Brent prices fell toward $80 a barrel, as investors awaited the OPEC+ meeting due later this week for an...
- European shares slide as firm yields weigh, China woes persistCarmat's shares slumped 36.4% after the French artificial heart maker said on Monday it would miss its full-year sales target amid supply i...
- Insurers lift European shares ahead of key economic dataEuropean insurers added 0.7%, with Prudential climbing 2.7% after the Asia-focused insurer posted a higher first-half operating profit.
- Kalyan Jewellers Q1 Results: Profit surges on seasonal demandThe Reserve Bank of India's decision to withdraw 2,000-rupee notes also helped jewellers charge a premium for the yellow metal during most ...
- Regulator cancels license of FTX's Australian businessBahamas-headquartered FTX, once a star of the crypto industry with a $32 billion valuation in January 2023, filed for U.S. bankruptcy prote...
- European shares steady after plunge, Credit Suisse upInvestors closely followed developments around the Nord Stream gas stoppage, which sparked worries about surging energy prices and winter s...
- European shares bounce back ahead of inflation dataThe continent-wide STOXX 600 was up 0.4%, as of 0716 GMT, snapping three consecutive days of losses. But the index was set for a monthly lo...
- Miners drag European bourses lower as energy crisis loomsThe energy sub-index firmed 0.2% to extend gains to seventh straight day.Investors were cautious ahead of the Jackson Hole symposium after ...
- Miners boost European stocks to fifth day of gainsEuropean shares extended gains for a fifth straight session on Tuesday, underpinned by miners and defensive sectors, although concerns over...
- European shares slip ahead of U.S. inflation dataThis comes a day after equities were hammered following the European Central Bank's clues that it would deliver next month its first intere...
- Lowe's to hire over 50,000 workers for spring home-improvement rushThe company also said it would pay frontline workers about $80 million in additional discretionary bonuses, taking its total COVID-19 finan...
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