Wed, 06 Jul 2022

Stocks in Asia on the boil after Australia's central bank hikes interest rates

SYDNEY, NSW, Australia - Stocks in Asia strengthened on Tuesday with major gains recorded across the region.The Reserve Bank of ...

To prevent fuel price hikes, India sets windfall tax on oil producers

NEW DELHI, India: As the Indian government aims to increase local fuel supplies to meet rising demand and boost federal ...

Exxon tells shareholders to expect $16 billion Q2 profits

HOUSTON, Texas: Exxon Mobil Corp said this week that profits from skyrocketing fuel prices could result in a record $16 ...

Boeing out, Airbus in as China to purchase 300 A320 jets

BEIJING, China: Chinese airlines announced last week that they would purchase some 300 Airbus jets. This is the largest order ...

Asian stock markets gain ground as Wall Street closes for long weekend

SYDNEY, NSW, Australia - Stocks in Asia generally moved higher on Monday despite continuing concerns over a potential global recession. ...

Barbecues in jeopardy as food prices jump for US Fourth of July

WASHINGTON D.C.: Due to surging food prices, summer cookouts for the U.S. Independence Day holiday are more expensive, forcing Americans ...

US employers see small shift as job market cooling

WASHINGTON D.C.: In a cardboard box factory outside Baltimore, people have been walking into the office of Paul Centenari, chief ...

IKEA says store inventories return to pre-Covid levels

DELFT, Netherlands: IKEA officials said this week that the furniture retailer's warehouses in Europe are as full as they were ...

21 percent six-month loss strips S&P 500 of $8 trillion in value

NEW YORK CITY, New York: After the first six months of 2022, the S&P 500 recorded a loss of 20.6 ...

Washington reports US economy falls 1.6 percent in Q1 2022

WASHINGTON D.C.: Due to the record high trade deficit and a resurgence in COVID-19 infections that curbed spending on services, ...

Chip design center to be built by MediaTek, Indiana Purdue University

TAIPEI, Taiwan: The world's fourth largest chip designer by revenue, Taiwan's MediaTek, has told Reuters that it plans to create ...

Stock markets in U.S. revive after sharp sell-off, dollar forges ahead

NEW YORK, New York - U.S. stocks rebounded on Friday, a day after major across-the-board sell-offs."Consensus estimates for 2022 and ...

Swiss pharma Novartis to cut 7.4% of global workforce

GENEVA, Switzerland: Swiss pharmaceutical group Novartis has said, as part of its previously announced restructuring program, that it could cut ...

Shanghai Disney opens gates after city ends Covid lockdowns

SHANGHAI, China: Walt Disney Company reopened Shanghai Disneyland on 30th June, one month after the city lifted a two month ...

Asian stocks shunned by investors, Nikkei 225 loses 457 points

SYDNEY, NSW, Australia - Stocks in Asia skidded lower Friday with all the major indices recording solid losses."Capitulation is the ...

Islamabad considers importing oil from Russia

ISLAMABAD, Pakistan - Given the country's ongoing economic crisis and acute fuel shortage, the Pakistan government is considering purchasing oil ...

High pressure fracking again being used by US oil companies

WASHINGTON, D.C.: Amidst the rise of "re-fracs" in the U.S. as part of the efforts to boost domestic oil production, ...

Euro Slumps to Two-Decade Low as Recession Fears Bite

London - The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added ...

Singapore-based crypto platform Vauld suspends operations over financial challenges

Singapore, July 5 (ANI): Amidst the latest stress in crypto markets, Singapore-based crypto platform Vauld has decided to suspend all ...

Sensex slumps 732 points from day's high, closes 100 points down

Mumbai (Maharashtra) [India], July 5 (ANI): The Indian stock markets' key indices witnessed volatile trading on Tuesday with the benchmark ...

Sri Lanka's PM Wickremesinghe challenges JVP leader Dissanayake to revive country's economy in 6 months

Colombo [Sri Lanka], July 5 (ANI): Sri Lanka's Prime Minister Ranil Wickremesinghe on Tuesday challenged Janatha Vimukthi Peramuna (JVP) leader ...

Imran Khan's former brother-in-law summoned by Pakistan's anti-corruption body

Islamabad [Pakistan], July 5 (ANI): Pakistan's anti-corruption body summoned the brother of former first lady Bushra Bibi for illegally occupying ...

German banks prepare for energy-related defaults Bloomberg

The country's lenders are reportedly hoarding cash to support businesses if Russia halts gas suppliesBanks in Germany are expected to ...

Indian stock indices extend gains; Sensex, Nifty rise 0.5 pc each

New Delhi [India], July 5 (ANI): Indian stock market indices extended their gains from the previous session and traded in ...

India's position on Crypto currency vindicated by global trends

By Lee Kah WhyeSingapore, July 5 (ANI): India's conservative position on not encouraging Crypto Currency is being rapidly vindicated by ...

RBI imposes monetary penalty on IndusInd Bank

Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary ...

RBI imposes monetary penalty on Kotak Mahindra Bank

Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed over Rs ...

Capitalism, Communism are extreme forms of governance, cooperative model best suited for India: Amit Shah

New Delhi [India], July 4 (ANI): Noting that the world adopted both the capitalist and communist models and both are ...

RBI launches survey on International Trade in Banking Services

Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has launched the 2021-22 ...

Pakistan: how an economic crisis has sent prices rocketing

Pakistan's current economic struggles exemplify the little fires everywhere set alight across the global economy by a war during a ...

1.7 Million Locked down in China's Anhui province

Beijing - China placed 1.7 million people under lockdown in central Anhui province, where authorities reported nearly 300 new cases ...

Sensex snaps 3-day losing run; closes 327 points higher

Mumbai (Maharashtra) [India], July 4 (ANI): Snapping three consecutive sessions of losing run the Indian stock markets' key indices, Sensex ...

How news affects people's expectations and drives economic change

News of a big pay rise might see you booking the nearest fancy restaurant for a slap-up meal to celebrate, ...

EU power grab used to wage economic war against Russia media

The bloc is becoming more like a military organization under pressure from the US, Spiegel reportsThe EU leadership has conducted ...

U.S. Independence Day celebrations clouded by domestic predicament

PARTISAN FIGHTWhen former White House aide Cassidy Hutchinson last week provided testimony on the Capital riot on Jan. 6, 2021, ...

EU grabbed more power to wage economic war against Russia media

The bloc is becoming more like a military organization under pressure from the US, Spiegel reportsThe EU leadership has conducted ...

EXPLAINED: Why central banks, including the RBI, raising lending rates aggressively?

New Delhi [India], July 4 (ANI): Countries across the world have been grappling with unprecedented levels of inflation. In the ...

Proposed HDFC-Bank merger receives stock exchanges' clearance

New Delhi [India], July 4 (ANI): The proposed merger of HDFC Bank and its parent firm HDFC is another step ...

Does Singapore's Three Arrows Crypto troubles vindicate India's cautious approach?

By Lee Kah WhyeSingapore, July 4 (ANI): Last week, Singapore-based crypto hedge fund, Three Arrows Capital (3AC), was reported by ...

Georgians Hold Mass Rally for EU, Urge Government to Quit

Tbilisi, Georgia - Georgians staged a new mass rally Sunday demanding that the government resign over its failure to formally ...

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New Zealand boycotts counter-terrorism meeting co-chaired by Myanmar, Russia

WELLINGTON, New Zealand - New Zealand has decided not to attend an upcoming counter-terrorism meeting co-chaired by the militaries of ...

To prevent fuel price hikes, India sets windfall tax on oil producers

NEW DELHI, India: As the Indian government aims to increase local fuel supplies to meet rising demand and boost federal ...

Indian hospital treats chemotherapy patients on road after floods

ASSAM, India: During this week's heavy rains, which caused the region's worst floods in years, staff at the Cachar Cancer ...

Rupee slumps to new record low of 79.38 against US dollar

Mumbai (Maharashtra) [India], July 5 (ANI): The Indian rupee slumped to a new record low of 79.38 against the US ...

Delhi HC refuses to vacate stay granted in matter related to promises of Delhi CM to pay rents of poor tenants

New Delhi [India], July 5 (ANI): Delhi High Court on Tuesday refused to vacate the stay granted in an appeal ...

WATCH: Ranveer Singh speaks Konkani; Deepika's reaction will make you go aww!

Mumbai (Maharashtra) [India], July 5 (ANI): Is there anything Ranveer Singh cannot do? Well, we think not! From pulling off ...

Featured story

Abbott Ireland announces expansion plans, new jobs

DONEGAL, Ireland - Announcing plans to expand its workforce in Donegal, the U.S. healthcare giant Abbott unveiled plans to create 500 new jobs in the country.Abbott Ireland currently hires c ...

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