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    1. Business News
    2. Authors
    3. reuters

    Reuters

    Tesla flags its cars not ready to be approved as fully self-driving this year
    Tesla flags its cars not ready to be approved as fully self-driving this year

    The Silicon Valley automaker sells a $15,000 software add-on called “Full Self-Driving” (FSD) which enables its vehicles to change lanes…

    By Reuters
    October 20, 2022 11:57 IST
    Tesla sees 2022 delivery miss, Q3 revenue comes in below forecast
    Tesla sees 2022 delivery miss, Q3 revenue comes in below forecast

    Tesla said some logistics challenges would persist, with fourth-quarter deliveries growing by less than 50 percent while production rose 50…

    By Reuters
    October 20, 2022 11:31 IST
    Suella Braverman, Suella Braverman news, Suella Braverman resigns, Liz Truss, UK govt, London news, UK Prime minister
    Suella Braverman resigns as UK interior minister with veiled criticism of Liz Truss

    Home Secretary resigns over security incident; Truss answers questions to jeers, laughter from lawmakers

    By Reuters
    Updated: October 19, 2022 22:39 IST
    Wall Street, Wall Street news, Wall Street today, US Stocks, global stock market
    Wall St struggles to gain as soaring Treasury yields hurt earnings confidence

    Netflix jumps after reversing customer losses; Tesla third quarter earnings awaited; Procter & Gamble up on Q1 revenue, profit beat

    By Reuters
    Updated: October 19, 2022 21:20 IST
    OPEC, OPEC news, OPEC latest, OPEC updates, crude oil, crude market, oil production, America, Russia, Ukraine
    US says Russia oil price cap will not be aimed at OPEC

    Washington has communicated to representatives of the Organization of the Petroleum Exporting Countries to reassure them of those limits to…

    By Reuters
    Updated: October 19, 2022 20:45 IST
    Nubank announced in May it would allow its Brazilian customers to make cryptocurrency transactions on its banking app
    Brazil’s Nubank to introduce cryptocurrency as part of rewards program

    Its goal is to offer customers benefits such as discounts and perks as they accumulate Nucoins

    By Reuters
    October 19, 2022 19:39 IST
    She has admitted her radical economic plans went "too far and too fast" after investors dumped the pound and government bonds.
    I’m a fighter not a quitter, says embattled UK PM Liz Truss

    Truss also faced ridicule from Labour leader Keir Starmer, who commented a new book was being written about her time…

    By Reuters
    October 19, 2022 18:53 IST
    Wall Street's three main indexes have notched two straight session of gains on the back of solid quarterly results from big U.S. banks, but they are still deep in bear market territory.
    US Stocks: Futures down as surging Treasury yields dampen Netflix-led gains

    While some gauges of the equity market’s health showed that the latest rally in U.S. equities may be the start…

    By Reuters
    October 19, 2022 17:57 IST
    The moves, nearly eight months into the war, marked the latest escalation by Putin to counter a series of major defeats at the hands of Ukrainian forces since the start of September.
    Russian President Vladimir Putin raises Russian war footing, declares martial law in occupied Ukraine regions

    By extending to regions beyond Ukraine, they ensured that more of Russia’s population, already chastened by a partial mobilisation announced…

    By Reuters
    Updated: October 19, 2022 18:00 IST
    World stocks were a touch softer on Wednesday with sentiment caught between upbeat earnings and further signs that strong inflation will keep central banks firmly in rate-hiking mode. Europe's broad STOXX 600 index was slightly down. In London, banks such as LLoyds and NatWest tumbled on a report that Britain's new finance minister was planning to raid bank profits. Data meanwhile showed British inflation back to a 40-year high at 10.1% in September, piling pressure on the Bank of England to hike rates again. The Federal Reserve may need to push its key rate above 4.75% if underlying inflation does not stop rising, Minneapolis Federal Reserve Bank President Neel Kashkari said late on Tuesday. As European trade wore on, U.S. stock futures turned mixed. Netflix shares soared 14% in after-hours trade on Tuesday after the streaming giant reversed customer losses that had hammered its stock this year and projected more growth ahead. Upbeat results this week from the likes of Goldman Sachs, Bank of America and Johnson & Johnson have eased worries about a weak earnings season hit by rising borrowing costs and high inflation. The S&P 500 stock index is up more than 6% from roughly two-year lows hit last week. "What is reassuring is that in an environment which has been very difficult for equity markets over the past few weeks, is that you have (earnings) numbers that are turning out positive," said Francois Savary, chief investment officer at Prime Partners. "Is it going to last? We need to focus on the guidance and also we are still living with this interest rate environment that is very volatile and that means it's difficult to see the market pushing higher." In Asia, Japan's Nikkei rose around 0.4% but MSCI's broadest index of Asia-Pacific shares outside Japan reversed early gains and fell more than 1%, driven by a drop in Chinese shares. All this left MSCI's World Stock Index about 0.25% softer on the day. DOLLAR STILL STRONG The dollar held at a 32-year peak against the yen and rose from a two-week trough against a basket of major peers, underpinned by expectations of aggressive U.S. rate hikes. Sterling fell around 0.7% to $1.1235 after the British inflation data stoked concerns about the economic outlook. The BoE said on Tuesday that it would start selling some of its huge stock of British government bonds from Nov. 1, but would not sell any longer-duration gilts this year. "The government's fiscal U-turn may have partially eased the pressure on the Bank of England, yet this morning's inflation data provides another stark reminder of the breadth of inflationary pressures in the economy," said Hugh Gimber, global market strategist at J.P. Morgan Asset Management. Currency traders meanwhile remained on high alert for Japanese authorities to step into the market again, as the dollar strengthened towards 150 yen. A cross of 145 a month ago spurred the first yen-buying intervention since 1998. Selling also resumed in bond markets, with the U.S. 10-year Treasury yield rising to its highest level since 2008 at 4.088% . Lim Chow Kiat, Chief Executive of Singapore sovereign wealth fund GIC, said he had confidence that global central banks would be able to contain inflation. "Many central banks have also talked about some pain involved as we do this. We are all experiencing some pain ... asset prices have corrected in quite a few markets," he told Reuters in Sydney. "Our expectation is that this will last a bit longer because the underlying drivers of inflation are quite sticky. It's not a one-off factor." Elsewhere, oil futures rallied over 1% after falling the previous session.
    Global Markets: World stocks slip, upbeat earnings compete with rate-hike angst

    In Asia, Japan’s Nikkei rose around 0.4% but MSCI’s broadest index of Asia-Pacific shares outside Japan reversed early gains and…

    By Reuters
    October 19, 2022 17:11 IST
    The easing of raw material prices, including oil, will likely help drive earnings further for Indian consumer goods makers, whose margins have been pressured by the Russia-Ukraine war-led increase in commodity prices.
    Nestle India’s profit tops estimates on price hikes, demand rebound

    The Maggi noodles maker’s profit rose 8.3% to 6.68 billion Indian rupees ($81.1 million) in the quarter ended Sept. 30

    By Reuters
    October 19, 2022 16:17 IST
    meta pic
    Meta accepts UK order to sell Giphy after antitrust battle

    “We are disappointed by the CMA’s decision but accept today’s ruling as the final word on the matter,” a Meta…

    By Reuters
    Updated: October 19, 2022 13:19 IST
    Stellantis focused on ethanol hybrid vehicles in South America, executive says
    Stellantis eyeing two more N. American battery plants by 2030

    The automaker has already announced two joint-venture battery plants – one in Indiana and the other in Canada

    By Reuters
    October 19, 2022 12:01 IST
    Wall Street, us stocks, S&P 500, nasdaq, dow jones
    US stocks end higher for second straight day as Goldman, Lockheed results buoy Wall Street

    US stocks closed higher for a second straight day on Tuesday as solid quarterly results from Goldman Sachs and Lockheed…

    By Reuters
    October 19, 2022 08:06 IST
    For Network18, which incorporates a spate of media houses including channels CNBC-TV18 and Colors, quarterly expenses increased nearly 34% to 15.92 billion Indian rupees due to higher operational and promotional expenses.
    India’s Network18 reports loss on higher expenses, advertising slowdown

    Consolidated loss attributable to owners of Network18 widened to 364.9 million Indian rupees ($4.44 million) for the three months ended…

    By Reuters
    Updated: October 18, 2022 19:10 IST
    3AC was one of the more prominent crypto firms before its fall following a broad downturn in the digital currency market and the collapse of Terra blockchain.
    Hedge fund Three Arrows being probed by U.S. regulators

    3AC and CFTC did not respond to Reuters’ requests for comment. The SEC declined to comment.

    By Reuters
    October 18, 2022 15:29 IST
    The platform will also sell a new package of advertising placements called "Moment Blast" which will allow a brand to have prime positioning on some of the most popular content on YouTube when users are watching videos on internet-connected TVs or other devices.
    YouTube expands audio and podcast advertising for brands

    The announcements come as the advertising industry has struggled amid record-high inflation and supply-chain disruptions, which have caused some brands…

    By Reuters
    October 18, 2022 12:53 IST
    Hyundai's bright profit view clouded by U.S. EV concerns
    Hyundai Motor is considering selling its Russia plant – media report

    Hyundai Motor recently submitted to management a report analysing its future prospects in Russia due to the difficult operating environment,…

    By Reuters
    October 18, 2022 11:47 IST
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    Latest News

    Former New Zealand captain Kane Williamson announces T20I retirement with immediate effect

    SP Group Seeks $2.5 Billion Refinancing; Global Funds Likely to Return

    Existing lenders may take part in SP Group’s $2.5-bn fundraise

    Aadhaar Vision 2032: UIDAI launches major strategic and tech overhaul to shape the future of digital identity

    Aadhaar Vision 2032: UIDAI launches major strategic and tech overhaul to shape the future of digital identity

    Top FMCG Companies Predict Stronger H2 Growth After Weak Q2 Earnings

    FMCG firms see better second half after weak Q2

    UPI transactions October 2025, UPI record high volume value, NPCI data, digital payments India, festive spending boost, UPI growth rate moderation, 20.70 billion UPI transactions, Rs 27.28 lakh crore UPI value, Goods and Services Tax 2.0

    Festive cheer lifts UPI to record highs in October

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