By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) -Startups in India cheered a decision by the Supreme Court on Thursday to uphold an antitrust order that forces Google to change how it runs its popular Android platform, saying the ruling would open the market for rivals and boost competition. The Competition Commission of India …
Indian startups rejoice as Android ruling against Google upheld Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – World stocks fell on Thursday and U.S. benchmark 10-year Treasury yields bounced up off of four-month lows, as worries mounted that an aggressive stance by central banks could push the global economy into a slowdown. Wall Street stocks ended lower on recession worries, while European shares recorded their …
Stocks fall, yields up; economic slowdown worries mount Read More »
By Rupam Jain and Arpan Chaturvedi NEW DELHI (Reuters) -Senior officials in India’s government have said they want to have a bigger role in choosing judges, a demand several lawyers and judges say threatens the independence of the judiciary. Judges for the Supreme Court and the 25 high courts across India are appointed through a …
Indian judges concerned as government seeks bigger role in judicial appointments Read More »
By Rama Venkat BENGALURU (Reuters) -Consumer and metal stocks dragged Indian shares lower on Thursday after two straight sessions of gains, as weak U.S. economic data stoked recession fears in global markets. The Nifty 50 index was down 0.32% at 18,107.85 at close, while the S&P BSE Sensex declined 0.31% to 60,858.43. “The crucial issue …
Indian shares end lower as consumer, metals decline Read More »
By Seher Dareen (Reuters) – Gold prices rose nearly 1% on Thursday, supported by a weaker dollar and some safe-haven demand as weak U.S. economic readings and hawkish comments from Federal Reserve officials fuelled recession worries. Spot gold gained 0.8% to $1,919.41 per ounce by 10:47 a.m. ET (1547 GMT). U.S. gold futures rose 0.9% …
Gold rises 1% on tepid U.S. dollar, safe-haven inflows Read More »
(Reuters) -Sun Pharmaceutical Industries Limited, India’s largest drugmaker, said on Thursday it will acquire U.S.-based Concert Pharmaceuticals for $576 million in cash to gain access to its experimental drug for treating patchy baldness. The deal is the Indian drugmaker’s biggest since its $3.2 billion acquisition of generic drugmaker Ranbaxy Laboratories Ltd in 2014, according to …
India’s Sun Pharma acquires U.S.-based Concert for $576 million Read More »
TAIPEI (Reuters) -Taiwan on Thursday fined Foxconn T$10 million ($329,088) for making an unauthorised investment in a Chinese chip firm, but said the Taiwanese iPhone assembler had cooperated in the case and so received a lesser punishment. Taiwan, which Beijing views as sovereign Chinese territory, has kept a wary eye on China’s ambition to boost …
Taiwan fines Foxconn for unauthorised China investment Read More »
By Kane Wu and Makiko Yamazaki HONG KONG/TOKYO (Reuters) -Fujitsu Ltd has launched an auction process for its listed air-conditioning manufacturing business Fujitsu General Ltd with initial bids due on Friday, people with knowledge of the matter said. The sale is expected to attract interest from multiple private equity firms and strategic investors, said the …
Fujitsu kicks off auction for air conditioning business – sources Read More »
By Noah Browning LONDON (Reuters) – Oil futures rose slightly on Thursday, recouping losses from earlier in the session as an expected rise in Chinese demand and further restrictions on Russian exports suggested market supply will remain tight. Brent crude futures rose 36 cents, or 0.4%, to $85.34 a barrel at 1415 GMT. U.S. West …
By Bernard Orr and Martin Quin Pollard BEIJING (Reuters) – The number of COVID patients needing critical care in China’s hospitals has peaked, health authorities said on Thursday, as millions travelled across the country for long-awaited reunions with families, raising fears of fresh outbreaks. There has been widespread scepticism over China’s official COVID data since …
China says critical COVID cases have peaked as holiday travel surges Read More »
