Tag: Business
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Exclusive-Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators
June 15 : In its efforts to secure European approval of its “Full Self-Driving” (FSD) system, Tesla has presented self-published safety statistics to regulators in Sweden and the Netherlands that independent traffic-safety researchers have said amount to misleading marketing.A Reuters examination publishe
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Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
LONDON, June 15 : Oil prices slipped to a 3-month low on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.Brent crude futures fell $4.33, or nearly 5 per cent, to $83.00 a…
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Analysis:Why an Iran peace deal won’t pull the yen back from the brink
TOKYO, June 15 : War in the Middle East pushed the yen to the brink of multi-decade lows and prompted the government to prop it up – a peace deal, however, won’t pull it back from the precipice.Stocks and bonds soared on Monday on news of the planned Iran-U.S. halt to a war that has…
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India’s Electronics Mart eyes new markets as tech hubs fear job losses
June 15 : Hyderabad-based Electronics Mart India is looking to diversify away from the technology hub as concerns grow that potential AI-triggered job losses could hurt consumer spending, a top executive said.The retailer gets about 60 per cent of its revenue from Hyderabad, which hosts offices of global comp
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Musk says SpaceX could bring $1 trillion in revenue by 2030
June 15 : Elon Musk said on Sunday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030, making the statement two days after the company went public, valuing it at over $2 trillion. “And I would be surprised if revenue is not greater than $1T in 2031,” he wrote on…
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India’s Razorpay files IPO papers confidentially
June 15 : Indian payment gateway services provider Razorpay Software has confidentially filed draft papers for an initial public offering, a newspaper advertisement showed on Monday.The confidential route allows IPO-bound firms to keep their filings private until the launch of the public issue.Financia
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Japanese shippers await details on Hormuz reopening, mine clearance
TOKYO, June 15 : Japanese shippers welcomed on Monday the U.S.-Iran peace agreement which will reopen the Strait of Hormuz but are awaiting more details of the deal and clearance of mines before allowing their ships to pass the chokepoint.According to the association, 38 Japanese-linked vessels remain strande
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Iran peace deal won’t change BOJ’s rate-hike plans, ex-central bank economist says
TOKYO, June 15 : A peace agreement between the United States and Iran likely won’t change the Bank of Japan’s expected move to deliver two interest rate hikes this year, the central bank’s former top economist Seisaku Kameda said on Monday.With price pressures on the rise, the BOJ is set to proceed with a muc
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Japanese stocks surge, government bond yields tumble as US, Iran reach peace deal
The Nikkei 225 Index jumped as much as 5.5 per cent to 69,657.09, surpassing the 69,000 level for the first time.
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Singapore to establish OTC gold clearing system, introduce central bank gold-vaulting services
MAS will remove a 5 per cent cap on physical investment precious metals under tax-incentive schemes for eligible funds and family offices
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