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India opposition demands probe into stock market moves during election Jun 6, 2024 08:17AM

NEW DELHI (Reuters) - India's opposition Congress party leader Rahul Gandhi on Thursday demanded a parliamentary probe into stock market moves before and after the exit polls following the country's recently concluded national elections.

(Reporting by Shivam Patel and Sakshi Dayal; Editing by YP Rajesh)


Bribery demands on Italian households decline, official survey reports Jun 6, 2024 08:12AM

ROME (Reuters) - Corruption in Italy has declined over the last few years but remains a problem, with business owners and the self employed the most affected, a report published on Thursday by the national statistics bureau found.

The reduction, although significant, leaves a large number of Italians, particularly those in business, vulnerable to illicit demands that could impact their livelihoods and the overall economic landscape.

The... (continue reading...)


Global rules needed to spur blockchain trading of assets, report says Jun 6, 2024 08:06AM

By Medha Singh

(Reuters) - Trading stocks and bonds on blockchains at scale will remain a dream unless a global standard for cross-border activity is established that allows assets to move seamlessly across blockchains, according to a report published on Thursday.

So-called tokenised assets - which represent the underlying assets - are exchanged on distributed ledger technology (DLT) that are also used for cryptocurrencies. Banks hope... (continue reading...)


EM portfolios see foreign inflows for seventh straight month in May -IIF Jun 6, 2024 08:04AM

NEW YORK (Reuters) - Emerging markets attracted foreign portfolio inflows for a seventh straight month in May thanks to investors pouring money into bonds, but persistently high U.S. interest rates are dimming the outlook, a report from a banking trade group showed.

The Institute of International Finance (IIF) said net non-resident portfolio flows into emerging markets came in at $5.5 billion in May compared to a revised $8.2 billion inflow in April,... (continue reading...)


Nestle's health arm to buy first-ever fecal transplant pill Jun 6, 2024 07:56AM

(Reuters) -Nestle Health Science will buy the rights to Seres Therapeutics' Vowst, the companies said on Thursday, gaining access to the first ever pill alternative to fecal transplants for a deadly infection.

Nestle's unit will pay an undisclosed payment to Massachusetts-based Seres, and the drug maker will also receive capital infusions, the companies said.

Vowst fits within Nestle Health Science's expertise, Moreno Perugini, president... (continue reading...)


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