Articles by Reuters

SGX to launch Indian derivatives despite legal move by NSE

SGX had responded by saying it would launch successor products to its flagship Indian equity derivative products in June. SGX's shares fell 1.8 percent in late morning trade on Tuesday.

3 hours ago

Australian court convicts archbishop for concealing child sex abuse

Last year, Australia completed a five-year government-appointed inquiry into child sex abuse in churches and other institutions, amid allegations worldwide that churches had protected paedophile priests by moving them from parish to parish.

6 hours ago

Oil prices rise on worries over Venezuelan supply

The United States is actively considering oil sanctions on Venezuela, where output has dropped by a third in two years to its lowest in decades.

8 hours ago

Gunman who killed Indian man in Kansas bar pleads guilty to federal charges

The Indian man, Srinivas Kuchibhotla, was shot in 2017. The shooting drew international attention as part of a wave of attacks nationwide against ethnic and religious minority groups following the 2016 election of U.S. President Donald Trump.

9 hours ago

Off colour: Pollution turns India's white marble Taj Mahal green

Falling water table is weakening the Taj's wooden foundation. Also, pollution and rampant construction around the building are worsening the air quality.

10 hours ago

Top executives at fraud-hit PNB misled RBI, CBI alleges

PNB, which is India's second-largest state-run bank, had said that two jewellery groups headed by Nirav Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion.

10 hours ago

Delhi pubs ordered to stop playing recorded music

The move is likely to lead to a tussle between the local government and more than 1,000 bars, worried about their survival.

22 hours ago

Sensex falls for fifth session; financial, pharma stocks drop

The broader NSE Nifty closed 0.75 percent lower at 10,516.70, while the benchmark BSE Sensex fell 0.67 percent to 34,616.13. The BSE closed at its lowest level since April 25.

1 day ago

Three directors quit Fortis Healthcare board amid takeover battle

Fortis Healthcare, which operates about 45 healthcare facilities in India, Dubai, Mauritius and Sri Lanka, has been the target of lengthy takeover tussle involving five suitors.

1 day ago

Sensex falls; Karnataka political situation unnerves market

The fall is being linked to the uncertainty in the Indian political landscape following the resignation of BS Yeddyurappa, who was the chief minister of the southern state of Karnataka for two days.

1 day ago

Oil Minister Dharmendra Pradhan says considering steps to keep fuel prices in check

Opposition leaders have criticised the Indian government for failing to rein in rising fuel prices, which is a politically-sensitive issue in the country.

1 day ago

Venezuela's Maduro wins presidential vote: election board

The election board said that the turnout for the latest poll was about 46.1 percent, way down from 80 percent registered at the last presidential vote in 2013. This was due to a boycott by Venezuela's mainstream opposition.

1 day ago

Oil prices boosted by news China, U.S. put trade war 'on hold'

Analysts say there is enough supply to meet demand despite ongoing production cuts led by the Organization of the Petroleum Exporting Countries (OPEC), plunging output in crisis-struck Venezuela and looming U.S. sanctions against major oil producer Iran.

1 day ago

A Noah's Ark of animals rescued from Hawaii lava

The animal-friendly Red Cross shelter in Pahoa, a town about 25 miles (40 km) east of the volcano, has about 100 dogs and 30 cats, along with bunnies, birds and pigs, said Burgandy Singleton, a Hawaii Island Humane Society volunteer.

1 day ago

Modi faces revived opposition after setback in Karnataka

A coalition of Congress and a regional group said on Sunday they will establish a government in Karnataka state next week, after Modi's BJP failed to prove its majority despite bagging more seats than any other party in a closely-fought election.

1 day ago

China agrees to import more from U.S., no sign of $200 billion figure

President Donald Trump has threatened to impose tariffs on up to $150 billion on Chinese goods to combat what his administration says is Beijing's misappropriation of U.S.intellectual property through joint venture requirements and other policies that force technology transfers.

2 days ago

China air force lands bombers on South China Sea island

China says its military facilities in the Spratly islands are purely defensive, and that it can do what it likes on its own territory.

2 days ago

US sanctions on Iran threaten vital Afghanistan trade project

The US-led invasion to oust the Taliban from power had started 17 years ago, and Afghanistan still remains one of the world's poorest countries, highly dependent on foreign aid.

2 days ago

Texas victims include smiling Pakistani girl, fill-in teacher with two jobs

Eight students and four teachers were killed when a 17-year-old opened fire at a school in Texas on Friday, 18 May.

2 days ago

Tata Steel completes $5.2 billion purchase of bankrupt Bhushan Steel

The Tata Steel unit will raise a bridge loan of 165 billion rupees to help fund the acquisition, while Tata Steel is investing the remainder in the unit, Bamnipal Steel.

3 days ago