Thu, 09 Feb 2023

U.S. stocks get boost from Fed chair, Nasdaq surges 226 points

NEW YORK, New York - Stocks ended sharply higher on Tuesday following mixed comments by Federal Reserve Chairman Jerome Powell.Powell ...

Media reports US to sue Amazon claiming antitrust violations

NEW YORK CITY, New York: The Wall Street Journal reported this week that the US Federal Trade Commission is preparing ...

Blaming cost of manufacturing, Nestle to raise prices for second year

VEVEY, Switzerland: In an interview with Frankfurter Allgemeine Zeitung this week, Nestle's Chief Executive Mark Schneider said the world's largest ...

Fed fails to cool economy as US sees 517,000 jobs created in January

WASHINGTON D.C.: Despite the efforts of the Federal Reserve Bank to cool the job market to help curb record-high inflation, ...

Nasdaq Composite loses one percent as Treasury yields bit

NEW YORK, New York - A sharp rise in U.S. Treasury yields kept buyers at bay on Wall Street on ...

102,000 job firings in US high tech in December, according to report

WASHINGTON D.C.: A report released this week detailed how, in January, layoffs in the US reached a more than two-year ...

Settlement reached in long-running Airbus, Qatar Air legal dispute

PARIS, France: Following an 18 month controversy that exposed the workings of the global jet market, Airbus and Qatar Airways ...

At US urging, Japan to stop exporting chip technology to China

TOKYO, Japan: Japan is preparing to revise legislation to allow it to restrict the export of advanced semiconductor manufacturing equipment ...

Shell Oil reveals record $40 billion profit in 2022

LONDON, England: Energy giant Shell Oil has announced a record profit of nearly $40 billion in 2022, capping an eventful ...

Hydrogen takes steps to develop hydrogen fuel cells for cars, trucks

TOKYO, Japan: Honda has announced that it will manufacture a new hydrogen fuel cell system, which was jointly developed with ...

As prices of EVs fall, manufacturer Rivian to reduce workforce by 6%

IRVINE, California: In an effort to cut costs in preparation for an industry-wide price war, electric vehicle manufacturer Rivian Automotive, ...

Seeking to stem losses, Intel to cut executive salaries

SANTA CLARA, California: One week after Intel forecasted lower-than-expected sales caused by a loss of market share to rivals and ...

Biden plan seeks to cut credit card fees, charges for apps

WASHINGTON D.C.: As part of a wider policy drive to increase competition in consumer markets, President Joe Biden has announced ...

As stocks and bonds suffer, Norway wealth fund sees record losses

OSLO, Norway: Ending a three-year run of profits as stock and bond prices were hit by rising inflation and Russia's ...

Historic unemployment low fails to deter profit-takers, Nasdaq sheds 194 points

NEW YORK, New York - Strong economic data failed to stem profit-taking on the major U.S. bourses on Friday, while ...

US concerned over rights at Mexico auto factory, seeks corrections

WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...

Adani Power's revenue increased 44 pc in December quarter; profit declines

Ahmedabad (Gujarat) [India], February 8 (ANI): Adani Power's consolidated revenue from operations during the October-December quarter increased 44 per cent ...

Adani Wilmar's profits rise 16 pc, revenue 7 pc in Oct-Dec quarter

Ahmedabad (Gujarat) [India], February 8 (ANI): Adani Wilmar's consolidated net profits during the October-December 2022 quarter increased by 16.4 per ...

Plastic recycled jacket that PM Modi wore will be available for public

By Shailesh YadavBengaluru (Karnataka) [India], February 8 (ANI): The jacket that Prime Minister Narendra Modi wore today in the Parliament, ...

Has taken number of steps to strengthen resilience of Indian banks: RBI Guv

Mumbai (Maharashtra) [India], February 8 (ANI): Reserve Bank of India's Governor Shaktikanta Das on Wednesday said the central bank has ...

RBI expected to remain cautious with focus on achieving full growth potential: FICCI

New Delhi [India], February 8 (ANI): Subhrakant Panda, president of industry body FICCI has said the Reserve Bank of India ...

RBI refrains from giving any forward guidance: Governor Shaktikanta Das

Mumbai (Maharashtra) [India], February 8 (ANI): Reserve Bank of India's Governor Shaktikanta Das said the central bank has refrained from ...

Eight banks participated in digital currency project: RBI Deputy Governor

Mumbai (Maharashtra) [India], February 8 (ANI): Reserve Bank of India Deputy Governor T Sankar Rabi on Wednesday said eight banks ...

Real wages in Germany plummet data

The loss of spending power last year was driven by soaring inflation, official statistics showReal earnings in Germany decreased by ...

India to capitalize on demographic dividend, aims to become "skill" capital of world

New Delhi [India], February 8 (ANI): With nearly 65 per cent of its youth in the working age group, India ...

Microsoft's ChatGPT-powered Bing browser now available publicly

Washington [US], February 8 (ANI): American tech giant Microsoft's new ChatGPT-powered Bing experience will now be available for everybody as ...

China In Eurasia Briefing: Popping Beijing's Bubble 

Welcome back to the China In Eurasia briefing, an RFE/RL newsletter tracking China's resurgent influence from Eastern Europe to Central ...

Current account deficit for first half of 2022-23 at 3.3 pc of GDP: RBI Guv

Mumbai (Maharashtra) [India], February 8 (ANI): The current account deficit (CAD) for the first half (H1) of 2022-23 stood at ...

RBI restores market hours for government securities to pre-Covid timing

Mumbai (Maharashtra) [India], February 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it was restoring market hours ...

Foreign portfolio flows show signs of improvement: RBI Governor

Mumbai (Maharashtra) [India], February 8 (ANI): Reserve Bank of India's Governor Shaktikanta Das on Wednesday said foreign portfolio flows have ...

Here's what analysts and experts have to say about RBI's monetary policy

Mumbai (Maharashtra) [India], February 8 (ANI): The Monetary Policy Committee (MPC) of the RBI decided to raise the repo rate, ...

In a message to sustainability, PM Modi wears jacket made from recycled plastic bottles

New Delhi [India], February 8 (ANI): Prime Minister Narendra Modi on Wednesday came to parliament wearing a jacket made from ...

RBI proposes UPI payments facility for inbound travellers

Mumbai (Maharashtra) [India], February 8 (ANI): Taking into account the popularity of the UPI payment system, the Reserve Bank of ...

RBI projects India's 2023-24 retail inflation at 5.3 per cent

Mumbai (Maharashtra) [India], February 8 (ANI): Average retail inflation in India is projected to be at 5.3 during the next ...

RBI proposes to launch pilot project for QR code-based coin vending machine in 12 cities

Mumbai (Maharashtra) [India], February 8 (ANI): The Reserve Bank of India's Governor Shaktikanta Das said on Wednesday that the central ...

RBI projects India's GDP growth at 6.4 per cent for 2023-24

Mumbai (Maharashtra) [India], February 8 (ANI): The Reserve Bank of India (RBI) has projected India's real GDP growth to be ...

China's oil demand predicted to soar

The world's second-largest crude consumer has been rapidly recovering from the pandemic restrictionsGlobal oil producers may have to reconsider their ...

Paytm strengthens offline payments with 6.1 mn devices, monthly transacting users hit 89 mn in Jan

Noida (Uttar Pradesh) [India], February 8 (ANI): India's leading payments and financial services Paytm has announced its business operating performance ...

RBI MPC raises repo rate by 25 bps to 6.5 pc

Mumbai (Maharashtra) [India], February 8 (ANI): The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to raise ...

Markets open with gains as investors expect RBI MPC meeting outcome

Mumbai (Maharashtra) [India], February 8 (ANI): Domestic markets opened with gains on Wednesday morning as investors expected a good outcome ...

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Oval to host ICC World Test Championship 2023 final from June 7

Dubai [UAE], February 8 (ANI): The International Cricket Council (ICC) on Wednesday confirmed that the second edition of the ICC ...

India will buy oil from wherever is beneficial energy minister

New Delhi has been criticized by the West over its reluctance to back anti-Russian sanctionsIndia will continue to import oil ...

Peru reports death of 585 sea lions due to bird flu

Lima [Peru], February 8 (ANI): Peru on Tuesday (local time) reported the death of 585 sea lions and 55,000 wild ...

Zimbabwe's Gary Ballance becomes second player to score Test centuries for two countries

Bulawayo [Zimbabwe], February 8 (ANI): Zimbabwe batter Gary Ballance scored a superb century on the fourth day of the first ...

Deadly Landslides Hit Southern Peru

More than a dozen people have been killed by a series of landslides in southern Peru.Authorities say several others are ...

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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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