CMPNY

Barclays hit by $361 million US penalty for ‘staggering’ blunder

Sept 30 (Reuters) – British lender Barclays (BARC.L) agreed a $361 million penalty with US regulators on Thursday for “staggering” failures that led it to oversell $17.7 billion of structured products, racking up further costs for an error that has blighted CEO CS Venkatakrishnan’s first year in charge. Barclays shares rose 2% in early trading …

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Australian police seek to protect 10,000 customers after Optus hack

SYDNEY, Sept 30 (Reuters) – Australian authorities said on Friday they have begun an operation to protect the personal information of 10,000 people whose data may have been shared online after a cyber attack on Optus, the country’s second-largest telco. The efforts come three days after an unidentified person posted online that they had released …

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INDIA STOCKS Indian shares little changed after RBI rate hike

BENGALURU, Sept 30 (Reuters) – Indian shares on Friday were mostly unchanged after the country’s central bank hiked its key policy rate, as expected, to tackle persistently high inflation. The NSE Nifty 50 index (.NSEI) was flat at 16,813.30, as of 0441 GMT, and the S&P BSE Sensex (.BSESN) was unchanged at 56,443.68. They were …

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Toll-road operator Salik jumps 20% on market debut

DUBAI, Sept 29 (Reuters) – Dubai toll-road operator Salik (SALIK.DU) rose 20% above its listing price on its market debut on Thursday in a sign that investors still have appetite for local flotations despite skittish global markets. The company, which has 3.6 million vehicles registered on its system, raised 3,735 billion dirhams ($1.02 billion) by …

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Vietnam tech firm FPT produces country’s first semiconductor chips

HANOI, Sept 28 (Reuters) – FPT Semiconductor, a unit of Vietnam’s leading tech company FPT (FPT.HM), launched its first line of semiconductor chips used in medical devices on Wednesday, part of the company’s efforts to enter the competitive global industry. The company said in a statement it aims to supply 25 million chips globally by …

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US mortgage interest rates jump to 6.52%, highest since mid-2008

Sept 28 (Reuters) – The average interest rate on the most popular US home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association (MBA) showed on Wednesday. Rising mortgage rates are weighing on the interest-rate-sensitive housing sector as Federal Reserve pushes on with aggressively lifting borrowing costs to high …

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Wall Street ends sharply higher as Treasury yields dip

Apple drops on concerns about iPhone demand Treasury prices rebound after BoE decision S&P 500 records largest one-day gain since Aug. 10 Indexes: Dow +1.88%, S&P 500 +1.97%, Nasdaq +2.05% Sept 28 (Reuters) – Wall Street ended sharply higher on Wednesday following its recent sell-off, helped by falling Treasury yields, while Apple dropped on concerns …

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Amazon.com unveils device that tracks breath while sleeping

Sept 28 (Reuters) – Amazon.com Inc on Wednesday announced a contactless gadget that can monitor people’s sleep, along with updates to its lineup of voice-controlled devices and e-readers. The online retailer said its $139.99 sleep gadget, known as Halo Rise, tracks room temperature, humidity and light, plus the breathing patterns of the person closest to …

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Tata Motors launches $10,000 electric car in India to further its lead

NEW DELHI, Sept 28 (Reuters) – Tata Motors (TAMO.NS) launched India’s lowest priced electric car at a little over $10,000 on Wednesday as the country’s only electric vehicle (EV) maker looks to draw in more buyers. Tata leads India’s EV market, helped by government subsidies and high tariffs on imports. Its move comes as domestic …

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