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Debt repay call: Vodafone may sell $2.3 billion stake in Indus Towers

Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. As of Friday's closing stock price in Mumbai, the investment is worth $2.3 billion

Foreign banks bought Indian govt bonds worth Rs 8,038 cr on Jun 13: Data

These banks stepped up purchases after a softer-than-expected US inflation print ramped up rate cut bets, with India's inclusion in JPMorgan's emerging market debt index also a factor, traders said

India's May exports rise 9.1%; merchandise imports up 7.7% at $61.91 bn

Merchandise imports in the same month rose 7.7 per cent year-on-year to $61.91 billion - widening the trade deficit to $23.78 billion

Global airlines bet big on India, expect it to be hottest travel market

The domestic air travel market in India is expected to double to 300 million passengers from a record 152 million in 2023, according to government data

Evergrande liquidation law firm probing PwC, others for potential claims

Evergrande was ordered to be liquidated by a Hong Kong court in January, after it failed to deliver a concrete restructuring plan for its $23 billion worth of offshore debt deemed to be in default

Tax burden in UK highest since 1949; election pledges won't bring relief

Election pledges not to raise tax have been common since 1997, when Tony Blair promised not to raise income tax or VAT

Heavy rain, landslides kill 6 in India's Sikkim, 2,000 tourists stranded

Heavy rains triggered landslides at several locations in Mangan district, which covers north Sikkim and lies about 100 km north of the state capital Gangtok

Bank of Japan decides to trim bond buying, keep rates steady at 0-0.1%

BOJ will continue to buy government bonds at the current pace of roughly 6 trillion yen ($38 billion) per month for now

Oil prices set for best week in over 2 months on positive demand outlook

The Organization of Petroleum Exporting Countries (OPEC) stuck to a forecast for relatively strong growth in global oil demand for 2024 and Goldman Sachs projected solid US fuel demand this summer

Left vows to tie wages to inflation, lower retirement age in France

Political parties including the Socialists, Greens, Communists and hard-left Unbowed France (LFI) will form a 'Popular Front' in a bid to challenge the far-right's National Rally

South Korea, US sound alarm over North Korea-Russia ties before Putin visit

Security Council resolutions, officials of South Korea and the United States warned on Friday

Super-wealthy may quit UK over Labour plans for inheritance taxes on trusts

Economists say overall tax levels are likely to approach an all-time high whoever wins the election, despite promises by both main parties not to increase major tax rates

After deal with Tokopedia, ByteDance confirms its layoff plan in Indonesia

ByteDance, the owner of TikTok, did not say how many employees would be affected. Bloomberg had earlier reported there would be 450 jobs cut.

Emirates fined $1.5 million by US for operating in prohibited airspace

Emirates was ordered to pay $200,000 under the 2020 order and another $200,000 if it violated the order within a year

Bound by rules, economics, EU trails US on China tariffs imposition

The more modest action stems from the EU's strong belief that trade should be based on international rules

Govt bond yields extend losses tracking US yields on rate cut bets

The futures market is pricing in 50 basis points of rate cuts this year, according to the CME FedWatch tool

Microsoft to delay release of 'Recall' AI feature amid security concerns

The Recall feature tracks web browsing to voice chats, creating a history stored on the computer that the user can search when they need to remember something they did, even months later

Blue Origin, SpaceX, ULA picked for Pentagon rocket launch contracts

The US Space Force, which manages the launch procurement program, said Blue Origin received $5 million to provide an assessment of how it will meet the Pentagon's launch requirements

FAA, EASA vow to boost collaboration on new airplane certification

Since two Boeing 737 MAX crashes in 2018 and 2019 that killed a combined 346 people, aviation regulators around the world have tightened oversight of new airplanes

Asian stocks slide, dollar at all time high, yen wobbles ahead of BOJ meet

The dollar was hovering near a one-month high on the back of the hawkish tone from the Fed this week