Wed, 08 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 ...

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 ...

Zoom to lay off around 1,300 employees, CEO Eric Yuan taking 98 per cent pay cut

California [United States], February 8 (ANI): Zoom on Tuesday announced that it will lay off about 1,300 employees, or approximately ...

Nigerians Vote Soon to Choose Next President, Lawmakers

washington - Nigerians will vote on February 25 to choose their next president along with lawmakers in the House and ...

ONGC in talks with global energy giants for deepwater exploration technologies

Bengaluru (Karnataka) [India], February 8 (ANI): Oil and Natural Gas Corporation Limited (ONGC) is in talks with global oil majors ...

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Mongolia could be target of future Papal visit

ROME, Italy: Pope Francis has told reporters that he hoped to travel to Mongolia in September despite his knee ailment, ...

Hardik Pandya moves to No. 2 position in ICC T20I All-Rounder Rankings

Dubai [UAE], February 8 (ANI): India star Hardik Pandya reached within reach of the top spot in the T20I All-Rounder ...

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 ...

Women, girls in Afghanistan under exile in own country, says UN Chief

Kabul [Afghanistan], February 8 (ANI): As Afghan women continue to grapple with challenges related to education due to Taliban-imposed bans, ...

I-League: Late strike from Sane helps Churchill Brothers clinch 2-1 win over Mohammedan Sporting

Kolkata (West Bengal) [India], February 8 (ANI): Mohammedan Sporting ended up on the losing side in an exciting I-League match ...

I-League: TRAU FC's winning streak at home broken after 1-2 loss to Sreenidi Deccan

Imphal (Manipur) [India], February 8 (ANI): Tiddim Road Athletic Union lost their unbeaten record at home, after a bitter 1-2 ...

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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