Reuters — Page 9

Organization · 2870 published stories · 308 outlets

Rising oil, US yields add to rupee pressure after RBI move

The rupee rose 7 paise to 95.64 against the US dollar in early trade on Monday, supported by a softer dollar, but later pared gains to settle 3 paise lower at 95.74 amid rising Brent crude, importer demand, and cautious sentiment over impending US sanctions on Iran. The Reserve Bank of India likely intervened to support the currency, while its decision to shorten the foreign-currency deposit swap window surprised bankers and added to the rupee's vulnerabilities.

5 outlets · 8 articles Aug 18

Paramount seeks $1.88 billion bond from US state AGs over merger lawsuit

California Attorney General Rob Bonta canceled a planned Monday meeting with Paramount after accusing the company of leaking and misrepresenting settlement discussions, a claim Paramount denies. The canceled talks were part of an attempt to resolve a 12-state antitrust lawsuit challenging Paramount's $110 billion acquisition of Warner Bros. Discovery, a deal that faces a ticking fee starting October 1. Meanwhile, Paramount has asked a court to require the states to post a $1.88 billion bond to cover potential delay costs.

14 outlets · 17 articles Aug 18

Hormuz crossings rise slightly from August 15, remain in single digits, data shows

Fewer than 20 vessels transited the Strait of Hormuz over the weekend of August 22-23, with crossings remaining in single digits per day, according to Kpler shiptracking data. UKMTO data shows traffic remains about 90% below pre-conflict baselines, even as Gulf producers adapt with alternative routes and ship-to-ship transfers. The low numbers come amid an escalating US-Iran economic war and growing concerns in Kuwait about being drawn into the conflict.

6 outlets · 9 articles Aug 18