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'Xenophobia' stalling economic growth in China, Japan and India, says Biden

The IMF forecast last month that each country would see its growth decelerate in 2024 from the year prior, ranging from 0.9 per cent in highly developed Japan to 6.8 per cent in emerging India

LS polls: India equity options pricing in a no-surprises election verdict

At this time in 2019, the implied volatility was 28 per cent-30 per cent, suggesting an investor had to pay much more to protect against an unexpected outcome -- a BJP loss -- that year

India's government bond outflows in April not normal, say analysts

Barclays' Kotecha eyes $20-$25 billion, with upside risks as an attractive carry, stable currency, and a positive macro backdrop and fiscal picture make Indian bonds attractive

Shell beats expectations with $7.7 bn profit in Q1 on strong oil trading

Shell's chemicals and products divisions, which include refining and oil trading, registered a more than threefold rise in adjusted earnings from the previous quarter to $2.8 billion

ArcelorMittal Q1 earnings beat expectations; expects 3-4% steel demand

The Luxembourg-based company said its first quarter core profit (EBITDA) was $1.96 billion, higher than the average forecast in a company poll of $1.81 billion, but lower than a year before

Standard Chartered Q1 2024 results: Profits rise 5.5%, beat estimates

Despite the forecast-beating quarterly profit, the bank saw its credit impairments worsen in 2024

High bandwidth memory almost sold out for 2025: Nvidia supplier SK Hynix

The Nvidia supplier and the world's second-largest memory chipmaker will begin sending samples of its latest HBM chip

Powell's reassuring tone may not be enough for inflation-spooked markets

Bond investors have been struggling for months, with the 10-year Treasury yield up 70 basis points year-to-date

China, Russia should clarify nuclear weapons are not controlled by AI: US

As part of normalising military communications, US and Chinese officials resumed nuclear weapons discussions in January, but formal arms control negotiations are not expected any time soon

CSuisse may face $36 mn fine over S Korea short-selling, says local daily

The notice was sent to the South Korean and Singaporean units of the bank

India's manufacturing PMI dips marginally to 58.8 in April, shows data

Business optimism improved as firms expected demand to remain buoyant and higher production volumes in the coming 12 months

All ground beef samples test negative for H5N1 bird flu virus: USDA

The US Food and Drug Administration said preliminary results of tests on additional dairy products show pasteurization inactivates the bird flu virus

Govt bond yields likely to dip tracking US yields on Fed rate stance

The 10-year yield was around the crucial 4.60% mark, while the two-year yield, a closer indicator of interest rate expectations was around 4.95%

US to probe China's Insta360 over patent violation claims by GoPro

GoPro's complaint said Insta360's products, which include action and 360-degree cameras and systems and associated mounting systems and frame, infringe GoPro patents

DBS Group's Q1 results trounce forecasts, another record year expected

Citing robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15 per cent from the same period a year earlier to S$2.96 billion

Anthropic launches Claude 3 AI-powered iPhone app to compete with ChatGPT

Anthropic said it can be used by finance teams to generate investment reports, engineering teams working on large bases of code or sales teams collaborating on how to land a large client

Russia assets likely to be seized after lawsuits in nation, US: JPMorgan

A Russian court last month ordered the seizure of funds in JPMorgan accounts after Russian state-owned bank VTB sued to regain its funds blocked abroad

Donald Trump praises New York police raid on Columbia university protesters

Trump comments addressed the spread of student protests against the war in Gaza across the US in recent days, seeking to capitalise on concern over campus unrest

Yen surges against US dollar on suspected intervention by Japan authorities

The difficulty in arresting the yen's slide has been made clear by the speed at which the currency has reversed direction after its spike

Qualcomm's forecast beats estimates as AI drives chip sales in China

After a smartphone slump last year, Qualcomm said that China's Android market - which has become critical to the company - has started to pick up