India ramps up spending in final funds forward of election

NEW DELHI, Feb 1 (Reuters) – India’s authorities on Wednesday unveiled a $550 billion funds for the subsequent fiscal 12 months that begins on April 1, with a plan for file capital spending whereas reining within the fiscal deficit. Prime Minister Narendra Modi’s social gathering, which faces elections in key states this 12 months and … Read more

Adani loses Asia’s richest crown as inventory rout deepens to $84 billion

BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged once more on Wednesday as a rout in his firms deepened to $84 billion within the wake of a U.S. short-seller report, with the billionaire additionally dropping his title as Asia’s richest individual. Wednesday’s inventory losses noticed Adani slip to fifteenth on … Read more

New Zealand counts value of Auckland floods, extra rain forecast

WELLINGTON, Jan 30 (Reuters) – Flood-ravaged Auckland is forecast to obtain additional heavy rain within the coming days, authorities in New Zealand’s largest metropolis mentioned on Monday, as insurers counted the prices of what seems to be more likely to be the nation’s most costly climate occasion ever. 4 folks misplaced their lives in flash … Read more

Wall Road totters after blended earnings, commerce halt glitch

SEC investigating NYSE opening bell glitch 3M slides on downbeat Q1 forecast J&J falls on gross sales warning; GE down on weak revenue view Microsoft to report quarterly earnings after market shut Indexes: Dow up 0.18%, S&P 500 off 0.13%, Nasdaq down 0.25% NEW YORK, Jan 24 (Reuters) – Wall Road was blended on Tuesday … Read more

China imposes transit curbs for S.Korea, Japan in rising COVID spat

New curbs for S.Korea, Japan nationals transiting China China says visa suspensions for S.Korea, Japan “cheap” Escalating diplomatic spat could complicate financial relations Social media customers lash out at S.Korea’s “insulting” COVID curbs BEIJING, Jan 11 (Reuters) – China launched transit curbs for South Korean and Japanese nationals on Wednesday, in an escalating diplomatic spat … Read more

Eisai, Biogen receives U.S. FDA approval for Alzheimer’s drug, applies for full approval

Jan 7 (Reuters) – The U.S. Meals and Drug Administration on Friday accepted the Alzheimer’s drug lecanemab developed by Eisai Co Ltd (4523.T) and Biogen Inc (BIIB.O) for sufferers within the earliest levels of the mind-wasting illness. Eisai and Biogen stated on Saturday the Japanese drugmaker had utilized for full FDA approval of the drug. … Read more

Ship insurers to cancel warfare cowl for Russia, Ukraine from Jan 1

LONDON, Dec 28 (Reuters) – Ship insurers mentioned they’re cancelling warfare danger cowl throughout Russia, Ukraine and Belarus, following an exit from the area by reinsurers within the face of steep losses. Reinsurers, who insure the insurers, usually renew their 12-month contracts with insurance coverage purchasers on Jan. 1, giving them the primary alternative to … Read more

Magnitude 6.4 quake shakes northern California, leaves 2 lifeless, 1000’s with out energy

RIO DELL, Calif., Dec 20 (Reuters) – A robust magnitude 6.4 earthquake jolted the acute northern coast of California earlier than daybreak on Tuesday, damaging properties, roads and water programs and leaving tens of 1000’s of individuals with out electrical energy. Not less than 11 folks had been reported injured, and two others died from … Read more

Insurers shun FTX-linked crypto corporations as contagion danger mounts

Dec 19 (Reuters) – Insurers are denying or limiting protection to purchasers with publicity to bankrupt crypto trade FTX, leaving digital forex merchants and exchanges uninsured for any losses from hacks, theft or lawsuits, a number of market contributors mentioned. Insurers had been already reluctant to underwrite asset and administrators and officers (D&O) safety insurance … Read more

Britain critiques monetary guidelines to bolster Metropolis’s international clout

Britain says excessive requirements will probably be maintained UK flags critiques in financial-crisis period reforms London faces new competitors from EU centres Session on digital pound deliberate LONDON, Dec 9 (Reuters) – Britain set out a raft of measures on Friday to bolster the Metropolis of London’s function as a worldwide monetary centre, underneath pressure … Read more