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    1. Business News
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    3. reuters

    Reuters

    crude oil prices
    Crude oil prices set to snap two-week losing streak on China demand optimism

    Brent futures dipped 17 cents, or 0.2%, to $75.50 a barrel by 0341 GMT, while U.S. West Texas Intermediate (WTI)…

    By Reuters
    Updated: June 16, 2023 10:39 IST
    Google has an AI warning for staff
    Google has a ChatGPT ‘warning’ for its employees

    Alphabet has advised employees not to enter its confidential materials into AI chatbots.

    By Reuters
    June 16, 2023 10:07 IST
    Three Arrows Capital was the first in a series of crypto firms to go bankrupt
    Three Arrows Capital’s NFTs fetch $10.9 million at Sotheby’s

    Reportedly, Three Arrows Capital spent $15.5 million worth of cryptocurrency on 37 NFTs in July and August 2021

    By Reuters
    June 16, 2023 09:31 IST
    asian shares
    Asian shares near four-month peak as BOJ takes the stage

    MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.31% higher and on course for 2.5% gain in the week,…

    By Reuters
    Updated: June 16, 2023 09:29 IST
    Last month, US prosecutors in Manhattan said they would drop the five charges
    US prosecutors to drop new charges against Bankman-Fried in Oct trial

    The charges were not in Bankman-Fried’s initial eight-count indictment last December

    By Reuters
    June 15, 2023 18:08 IST
    Chinese banks, lending rates, housing market, policy loans, monetary easing, economic recovery, GDP, mortgage rates, investment banks, liquidity
    China’s economy slows in May, more stimulus expected

    The economic rebound seen earlier this year has lost momentum in the second quarter, prompting China’s central bank to cut…

    By Reuters
    Updated: June 15, 2023 15:49 IST
    ASOS, online fashion, retail, profit, quarter, revenue, cost cutting
    ASOS says strategy to prioritise profit is working

    The group led by CEO José Antonio Ramos Calamonte announced an overhaul of its business model last October after the…

    By Reuters
    June 15, 2023 15:23 IST
    NATO on ukraine
    NATO races to design long-term package for Ukraine but differences remain

    With four weeks to go until a NATO summit in Vilnius that is expected to approve the plan, there is…

    By Reuters
    Updated: June 15, 2023 15:05 IST
    Goldman Sachs, Layoffs, Citigroup, Morgan Stanley, Job cuts in Asia, Job cuts
    Goldman Sachs Group cutting more than 30 Asia investment banking jobs

    China-focused bankers were hit hardest, with nine equities capital markets bankers who are based in Beijing and Hong Kong being…

    By Reuters
    Updated: June 15, 2023 12:53 IST
    HKMA said diligence on potential customers should not "create undue burden"
    HSBC, StanChart face pressure from Hong Kong to take on crypto clients

    UK-based lenders and Bank of China were questioned by Hong Kong Monetary Authority

    By Reuters
    Updated: June 15, 2023 13:01 IST
    tik tok
    TikTok to invest billions of dollars in Southeast Asia to boost e-commerce business

    Southeast Asia, a region with a collective population of 630 million – half of them under 30 – is one…

    By Reuters
    Updated: June 15, 2023 11:17 IST
    global market
    Asian stocks stall as US rates seen higher for longer

    The Fed left its benchmark funds rate window at 5-5.25%, and chair Jerome Powell said the U.S. central bank needed…

    By Reuters
    Updated: June 15, 2023 10:41 IST
    AWS AMD chip
    Amazon’s cloud unit AWS ‘considering’ AMD’s new MI300 AI chips: Report

    While AWS has not made any public commitments to use AMD’s new MI300 chips in its cloud services, Dave Brown,…

    By Reuters
    June 15, 2023 10:10 IST
    crude oil prices
    Crude oil prices tick up as markets look to key Chinese economic data

    Brent crude futures climbed 21 cents, or 0.3%, to $73.41 a barrel by 0009 GMT.

    By Reuters
    Updated: June 15, 2023 07:49 IST
    Walmart+ offers free delivery for food orders of $35 or more
    Flipkart and PhonePe could be $100 billion businesses in India, says Walmart

    Walmart also called PhonePe’s performance “really impressive” after it hit an annualized payment value of $1 trillion led by the…

    By Reuters
    June 15, 2023 00:59 IST
    Bain Capital
    Bain Capital plans to sell stake worth $267 mln in India’s Axis Bank, says Report

    The stake sale would likely be at an offer price range of 964.00 rupees to 977.70 rupees per share, the…

    By Reuters
    June 14, 2023 21:22 IST
    Google may be forced to divest part its ad sales services
    Google faces EU break-up order over anti-competitive adtech practices

    The stakes are higher for Google in this latest clash with regulators as it concerns the company’s biggest money maker,…

    By Reuters
    June 14, 2023 20:53 IST
    kotak
    Zurich Insurance eyes $400 million stake in general insurance arm of Kotak

    Backed by Asia’s richest banker Uday Kotak, the early-stage negotiations value the Indian company at around $800 million, and Zurich…

    By Reuters
    Updated: June 14, 2023 15:10 IST
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