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US condemns loss of life but says no policy changes after deaths in Rafah

The US would be monitoring the investigation into the incident and expected Israel to learn lessons from the airstrike, Kirby said

Ex-OpenAI Director Helen Toner says board learned of ChatGPT launch on X

The company's launch of ChatGPT was relatively quiet: OpenAI simply called the chatbot an artificial intelligence model that interacts in a conversational way

Lok Sabha election winner will first need to repair household balance sheet

A trifecta of slow wage growth, elevated interest rates, and heavy borrowing by the average household has weakened the spending impulse of more than 300 million families

PM Modi needs to win 303-plus seats to extend stock market rally: Investors

Indian equities have risen to records, while the currency and bond markets are near their highest levels in over two months days ahead of the election results on June 4

Apple's iPhone shipments in China rise 52% as rebound gains steam

The iPhone accounts for the vast majority of such devices, and its rapid bounceback comes after it registered growth in March following steep declines in the first two months of the year

Wall Street moves to fastest settlement of trades with T+1 system

Two big, immediate tests also loom for the T+1 system: First, Wednesday's so-called double settlement day, where T+2 trades from Friday come due at the same time as Tuesday's T+1 transactions

Gaza war: Israeli tanks push into heart of Rafah amid bombardment

Fire that killed 45 was caused by secondary blasts, says Israel military

India may cut borrowing on less spending time, says Mirae Asset Investment

Sovereign bonds have already rallied in recent weeks, boosted by a reduction in short-term borrowings

India to stick to policy path whether PM Modi wins 3rd term or not: Rajan

The new govt will announce a budget shortly after it comes to power, which will likely focus on "all the good stuff that is happening while trying to see what other changes have to be made," he said

UBS signals it's mostly done cutting Asia jobs after Credit Suisse merger

The Swiss lender has been cutting thousands of staff following an emergency rescue of Credit Suisse last year in a government brokered deal. The takeover is due to close officially this week, says Koh

Top EV ride-hailer BluSmart seeks $300 million in 3 yrs to expand car fleet

Part of the funding it raises will go toward the company's expansion beyond Delhi and the southern Indian city of Bengaluru. BluSmart will launch in Dubai next month with about 100 Audi EVs

Investing for ultra-rich: Family offices are booming in Australia's Perth

Since 2019, as the rich get richer, the number of family offices worldwide has more than tripled, to almost 4,600 last year, according to investment data provider Preqin Ltd

China falling emissions since Covid signal peak carbon may already be here

Emissions fell 3 per cent in March from the prior year, the first annual decline since January 2023, Lauri Myllyvirta, senior fellow at Asia Society Policy Institute, said

Wall Street returns to T+1 stock trading after nearly a hundred years

The switch to the system known as T+1 - abandoned in the earlier era as volumes became unwieldy - is ultimately intended to reduce risk in the financial system

Trade strains boost cargo freights at pace recalling Covid 'chaos'

Some of the catalysts for the monthlong advance in seaborne freight rates stem more from worry than optimism

Xi Jinping tells politburo China needs financial regulations with teeth

Monday's Politburo meeting also reviewed measures to promote development of six central provinces including Shanxi, Anhui and Henan

Anil Agarwal's Vedanta considering $1 bn share sale in coming weeks

Shares of Vedanta have gained 78% this year, giving the company a market value of about $20.6 billion

China creates $47.5 billion semiconductor fund to back nation's firms

The latest investment vehicle, known as Big Fund III, underscores a renewed push from Xi Jinping's government to build its own semiconductor industry as tensions with the US escalate

Bullish sentiment on dollar retreat as US economic print cools: CFTC data

During this period, US monthly inflation data cooled for the first time in six months, while retail sales stagnated in April, boosting odds for Federal Reserve interest rate cuts

Hyundai Motor adds Kotak, Morgan Stanley for possible record India IPO

Hyundai Motor India Ltd. plans to file for an IPO in June, International Financing Review reported earlier Monday, when it also said Kotak and Morgan Stanley were joining the syndicate