Category: Business

By Dharamraj Dhutia MUMBAI (Reuters) -India’s central bank hiked the quantum of funds that it intended to inject into the banking system through an overnight infusion on Wednesday, after aggressively intervening in the foreign exchange (FX) market in the last two sessions. The Reserve Bank of India (RBI) had offered to pour in 2.50 trillion

(Bloomberg) — The ripple effects of US President Donald Trump’s pro-crypto agenda are fueling a surge in Bitcoin demand in Japan, where one hotelier’s pivot to stockpiling the cryptocurrency is delivering eye-watering returns for shareholders. Most Read from Bloomberg Nice Airport, If You Can Get to It: No Subway, No Highway, No Bridge Sin puente

SINGAPORE (Reuters) -U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties. He also said he will announce reciprocal tariffs on Tuesday or Wednesday. Shares of steelmakers in Asia mostly fell on Monday, save for those with

Boeing will cut 400 jobs from its moon rocket program amid delays and rising costs related to the Artemis missions.Stephen Brashear/Getty Images Job cuts are continuing into 2025 following waves of reductions last year. Companies such as Meta, Microsoft, BlackRock, and BP are conducting layoffs. See the list of companies letting workers go in 2025.

(Bloomberg) — Enterprise software and security startup Island Technology Inc. is raising money at a $4.5 billion valuation in a round led by investment firm Coatue Management, according to people familiar with the matter. Most Read from Bloomberg Nice Airport, If You Can Get to It: No Subway, No Highway, No Bridge Sin puente y

(Bloomberg) — Amazon.com Inc. warned investors that it could face capacity constraints in its cloud computing division despite plans to invest some $100 billion this year, with most of the money going toward data centers, homegrown chips and other equipment to provide artificial intelligence services. Most Read from Bloomberg Citadel to Leave Namesake Chicago Tower

Amazon CEO Andy JassyReuters; SEBASTIEN BOZON/AFP via Getty Images; Chelsea Jia Feng/BI Amazon will report fourth-quarter earnings after the bell on Thursday. Wall Street is bullish on cloud demand and retail strength. Expectations are high for Amazon’s performance in 2025. With Amazon’s earnings around the corner, Wall Street investors are expecting solid results from the

(Bloomberg) — Google parent Alphabet Inc. posted fourth-quarter revenue that missed analysts’ expectations after growth in its cloud business slowed, raising concern from investors about the billions the company is spending on artificial intelligence. Most Read from Bloomberg State Farm Seeks Emergency California Rate Hike After Fires New York’s First ‘Passive House’ School Is a

By Anton Bridge TOKYO (Reuters) -U.S. private equity firm KKR will raise its offer price for Japanese IT company Fuji Soft by more than 4% to take it above a rival offer from Bain Capital, it said on Tuesday. It is the latest salvo in a protracted bidding war that began in August last year