BENGALURU (Reuters) – Apple Inc’s iPhones will soon be assembled at another site in the southern Indian state of Karnataka and 300 acres have been aside to set up a factory, the state gove[...]
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March 3, 2023
Pakistani rupee strengthens 2.38% versus dollar in interbank market
By Ariba Shahid KARACHI, Pakistan (Reuters) – The Pakistani rupee on Friday strengthened 2.38% in interbank closing at 278.46 rupees against the dollar, a day after the central bank raised its p[...]
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U.S. equity funds post biggest weekly outflow in eight weeks
(Reuters) – U.S. equity funds saw huge money withdrawals in the seven days to March 1 on reinforced worries about the Federal Reserve’s policy tightening after economic data pointed to sti[...]
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Dollar heads for first weekly loss in five, crypto falls
By Kevin Buckland and Samuel Indyk LONDON (Reuters) – The U.S. dollar eased from a 2-1/2-month high versus the yen on Friday and looked set for its first weekly loss against major peers since Ja[...]
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Lufthansa expects further ‘significant improvement’ after return to profit
By Ilona Wissenbach and Joanna Plucinska (Reuters) – Germany’s Lufthansa on Friday delivered an “unprecedented” turnaround as it swung to a 1.51 billion euro profit in 2022 and[...]
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Analysis-Sharp drop in equity premium may mark return of 60/40 portfolio
By Mehnaz Yasmin (Reuters) – The reward for holding U.S. stocks over Treasury bonds has not been this unattractive since 2004, possibly setting the stage for the sought-after 60/40 portfolio div[...]
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Marketmind: Inflation ‘blip’ or brave new world?
A look at the day ahead in U.S. and global markets from Mike Dolan There was a sense of hesitation in world markets on Friday about whether dramatic re-pricing of U.S. and European interest rate horiz[...]
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US agency sues Exxon for discrimination after nooses found at plant
(Reuters) – Exxon Mobil Corp was sued for racial discrimination by a U.S. federal agency on Thursday, with charges alleging that the oil major failed to protect workers from harassment after noo[...]
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Apple blocks update to email app with ChatGPT tech
By Akash Sriram (Reuters) – Apple Inc has blocked an update to email app BlueMail, which uses a customized version of OpenAI’s GPT-3 language model, the co-founder of the app developer tol[...]
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