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US new-home sales rise to highest in over a yr due to limited resale market

The data showed there were 437,000 homes for sale as of the end of last month. That represents 7.3 months of supply at the current sales rate, matching the lowest since early 2022

In a first, Morgan Stanley fined for UK Energy trading WhatsApp breach

The fine is the first issued by Ofgem under legal requirements to archive communications linked to wholesale energy trading, the regulator said

US payrolls likely 306,000 lower through march than previously estimated

The number of workers on payrolls will likely be revised down by 306,000 for March of this year, according to the Bureau of Labor Statistics' preliminary benchmark revision projection

UBS poised to keep Credit Suisse's domestic bank business, drop brand

The Zurich-based lender has set a target of winding down the Credit Suisse brand in the country, people familiar with the matter said

Jefferies Financial is hiring 10 investment bankers to expand India team

Jefferies has been increasing its presence in Asia Pacific, seeking to leverage its stronger position as an advisory firm in other markets such as the US and Europe

Can Oxford and Cambridge save Harvard from AI's educational Armageddon

What can be done to avoid a future in which AI institutionalises cheating and robs education of any real content? This question is stirring an anxious debate in the university world

Fanuc Corp's road to redemption runs through India and the US Fed

India is looking hot, though. Revenue growth at its wholly owned Fanuc India Private Ltd. doubled over the past two years, according to data filed with the Ministry of Corporate Affairs

How China's faltering growth threatens to derail commodities markets

Commodities have so far held up better than other assets as the economy has worsened. Freed from the constraints of the pandemic, fuel consumption has risen

India set for first south pole Moon landing after Russia's Luna-25 crashes

Vikram, Chandrayaan-3's lander, is trending on X, formally known as Twitter, as billionaire industrialists and Bollywood actors eagerly await the historic moment

Srettha Thavisin wins vote to become Thailand's 30th prime minister

Srettha can form his cabinet once his appointment is endorsed by King Maha Vajiralongkorn in a Royal Gazette

US companies increasing use of diversity initiatives in job posts

The changes in hiring language comes despite increasing pressure on companies to step away from DEI initiatives

Cryptocurrency exchange CoinDCX cuts staff by 12% as revenues hit by slump

Last year CoinDCX raised $135 million at a valuation of $2.2 bn from venture capital funds led by Pantera Capital and Steadview Capital Management LLC

Glenmark Pharma, Teva settle drug pricing cases with US Dept of Justice

Teva will make a $50 million drug donation to humanitarian organizations that help Americans in need

Wildfires, extreme weather driving denialism about climate change online

Researchers tracking social-media commentary are noticing a paradox. For some people, climate catastrophes are in fact evidence that climate change isn't real

Rice supply faces new threat as India considers more restrictions

The government is considering imposing a tax on shipments of parboiled rice, according to people familiar with matter. No decision has been made yet

SBI Fund Management turns to cash on bets RBI will hike rates further

The assessment makes it one of the very few money mangers to call for a rate increase, with most market players just pushing back the rate-cut bets to later next year

Here's why Meta's Twitter killer, Threads, needs a desktop version

It's unclear what other functionality the Threads product update will include. The company declined to comment

Shadow banking: India bets on Jio and a boom, while China hits a funk

The trajectory of financiers, especially those who don't take state-insured deposits, is beginning to diverge in the neighbouring economies

Amazon illegally called police on employees, labour board alleges

Last November, a federal judge in New York in a different case ordered Amazon to stop retaliating against employees for workplace activism

Money scams: Deepfakes, AI will drive $10 trn in financial fraud, crime

The proliferation of scam tech has alarmed regulators, police and people at the highest levels of the financial industry. Artificial intelligence in particular is being used to "turbocharge" fraud