By Bharath Rajeswaran and Indranil Sarkar (Reuters) -India’s benchmark indexes inched lower on Monday, dragged by consumer stocks on Godrej Consumer Products’ bleak third-quarter forecast and auto stocks after data showed a drop in car sales last month. The NSE Nifty 50 fell 0.24% to 24,619 points, while the BSE Sensex shed 0.25% to 81,508.46, …
Consumer, autos stocks drag India’s benchmarks lower Read More »
By Lucila Sigal BUENOS AIRES (Reuters) – Argentina’s libertarian President Javier Milei laid out a bleak vision in his maiden speech a year ago amid an economic crisis. He warned there was “no money”, pledged shock therapy for the economy and said things would get worse before they got better. The crowd in front of …
Argentina’s Mr Market Javier Milei wants to make austerity great again Read More »
By Seher Dareen (Reuters) – American content creators on TikTok asked followers to subscribe to their channels on rival platforms like Meta-owned Instagram and Alphabet’s YouTube after a federal appeals court ruled that the social media app could be banned if it is not sold to a U.S.-based company by Jan. 19. TikTok has become …
US TikTok content creators warn followers to find them on Instagram, YouTube Read More »
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart’s Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at Indian high courts, were aiming to scuttle the probe. In a filing on Dec. 3, reviewed …
India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases Read More »
By Brad Brooks (Reuters) – An amended lawsuit filed in federal court on Sunday alleges that rap mogul Jay-Z raped a 13-year-old girl along with Sean “Diddy” Combs during a party in 2000. Jay-Z denied the allegations on social media and blasted the lawsuit, calling it part of a “blackmail attempt” by the plaintiff’s lawyer. …
Rapper Jay-Z accused in lawsuit of raping 13-year-old girl Read More »
By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) -A volcano in the central Philippines erupted for a second time this year, prompting emergency evacuations after it spewed a huge of column of ash into the sky, authorities said on Monday. Mt. Kanlaon, an active volcano straddling the Southeast Asian country’s central provinces of Negros …
Central Philippines Kanlaon volcano erupts, says seismology agency Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed slightly weaker on Monday, weighed down by a decline in its Asian peers with analysts expecting the local currency to continue facing headwinds amid persistent strength in the U.S. dollar. The rupee ended at 84.73 against the U.S. dollar, down from its close of 84.6875 …
Rupee ends marginally lower, near-term bearish bias tipped to persist Read More »
(Reuters) -Bitcoin smashing the $100,000 barrier raises the prospect of the cryptocurrency going mainstream, U.S. inflation data will show how much pressure there is on the Fed to adjust rates and central banks in Europe, Australia and Brazil meet. Here’s what to look out for in the week ahead from Marcela Ayres in Brasilia, Kevin …
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China will adopt an “appropriately loose” monetary policy next year, the first easing of its stance in some 14 years, alongside a more proactive fiscal policy to spur economic growth, the Politburo was quoted as saying on Monday. China will step up “unconventional” counter-cyclical adjustments, focusing on …
China vows to ramp up policy stimulus to spur growth in 2025 Read More »
(Reuters) -Shares in German healthcare software provider CompuGroup Medical surged 30% on Monday after the company said investor CVC Capital Partners has offered to acquire it and take it off the stock exchange. CompuGroup said CVC had offered 22 euros ($23.24) per share, which corresponds to a 51% premium to CompuGroup’s average share price over …
CVC bids for Germany’s CompuGroup Medical at 51% premium Read More »
