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Markets

Uber enlists “Qute” to take on India’s choked, polluted roads

Uber Technologies Inc has launched a new ride-hailing service in India's tech capital Bengaluru that will use miniature gas-powered cars called "Qute" to win over commuters stressed out by the sprawling city's heavily-congested streets.

Markets

Energy shares power Wall Street higher

U.S. stocks opened higher on Thursday, led by gains in energy shares, with hopes of an interest rate cut adding to the upbeat mood.

Markets

India alleges 22 audit violations by Deloitte, KPMG arm in fraud case

India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters.

Markets

VW and Ford close to deal on self-driving cars, VW says

Volkswagen and Ford are close to reaching a deal on a partnership for developing self-driving cars, the German carmaker's chief executive said on Thursday.

Markets

Wall St. opens higher on energy gains, rate cut hopes

U.S. stocks opened higher on Thursday, led by gains in energy shares, with hopes of an interest rate cut adding to the upbeat mood.

Markets

Aiding ‘organized crime’: India alleges 22 audit violations by Deloitte, KPMG arm in fraud case

India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters.

Markets

Facebook to buy stake in Indian e-commerce start-up Meesho

Facebook is buying a stake in Indian e-commerce start-up Meesho, the head of the U.S. tech giant's Indian business said on Thursday, looking to deepen its reach in one of the world's biggest internet markets.

Markets

US weekly jobless claims unexpectedly rise

The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May.

Markets

China chip industry insiders voice caution on catch-up efforts

Since the U.S. government put Huawei Technologies Co Ltd on a trade blacklist, effectively banning American firms from doing business with it, China's leaders have spoken boldly about achieving self-sufficiency in the critical semiconductor business.

Markets

UBS global chief economist grilled in China for comment on pigs

A flippant reference to pigs in an inflation analysis by UBS Group AG's global chief economist has caused a furore in China, with some in the financial community rejecting UBS's apology and calling for a boycott.

Markets

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