By Nidhi Verma, Shivangi Acharya and Krishn Kaushik NEW DELHI (Reuters) – India and the United Arab Emirates may announce the start of a rupee-dirham payment mechanism to settle bilateral trade during Prime Minister Narendra Modi’s visit to Abu Dhabi on Saturday, industry and government sources said. Sources said on Friday that India would use…
By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – Russia shows no sign of changing direction in its war on Ukraine, U.S. Secretary of State Antony Blinken said on Friday, as foreign ministers from two dozen countries met in Indonesia’s capital for Southeast Asia’s annual security-focused gathering. Top diplomats from China, the United States and…
By Tatiana Bautzer and Mehnaz Yasmin (Reuters) -Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments from borrowers partly countered a blow to its Wall Street businesses from a slump in trading. The bank’s net income tumbled 36% to $2.92 billion, or $1.33 per share, in the three months to June…
By Sriparna Roy (Reuters) -Eli Lilly and Co said on Friday it will buy privately held Versanis for potentially up to $1.93 billion to strengthen its position in the fast-growing market for weight-loss treatments. Shares of Eli Lilly rose 3% after the deal that gives it access to an experimental obesity drug being tested along…
By David Shepardson (Reuters) -American Airlines and JetBlue Airways said Friday they will begin to wind down their Northeast Alliance on July 21 after a U.S. judge’s order in May that they end the agreement. JetBlue said last week it would terminate the three-year-old alliance, which allowed the two carriers to coordinate flights and pool…
By Lisa Baertlein (Reuters) -A threatened U.S. strike at United Parcel Service could be “one of the costliest in at least a century,” topping $7 billion for a 10-day work stoppage, a think tank specializing in the economic impact of labor actions said on Thursday. That estimate from Michigan-based Anderson Economic Group (AEG) includes UPS…
By Paul Sandle LONDON (Reuters) – Britain’s competition regulator on Friday extended its final deadline on Microsoft’s Activision Blizzard deal to Aug. 29 after its received a “detailed and complex” new proposal from Microsoft that claimed material changes in circumstance. The Competition and Markets Authority (CMA) in April became the first and so far only…
(Reuters) – Delivery firm United Parcel Service said on Friday the company is focused on reaching an agreement with the Teamsters workers’ union before Aug. 1. (Reporting by Aishwarya Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)
SAO PAULO (Reuters) -Brazil’s retail sales fell in May and missed expectations, government statistics agency IBGE showed on Friday, as half of the segments presented a decline for the month. Sales dropped 1.0% in May compared with the previous month, missing expectations of a 0.0% increase from economists polled by Reuters. The indicator also decreased…
WASHINGTON (Reuters) – U.S. consumer sentiment jumped to the highest level in nearly two years in July as inflation subsided and the labor market remained strong, a survey showed on Friday. The University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 72.6 this month, the highest reading since September…
