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Paving way for end to negative rates, Japan Inc to offer big wage hikes

Unions across industries, including automobiles, electronics, metals, heavy machinery and the service sector have all demanded hefty pay hikes.

ECB will have to gamble with interest rate cut before long, says Wunsch

Euro zone inflation fell in February to 2.6%, but underlying price growth remained stubbornly high, with prices for food, alcohol and tobacco up 4.0% year-on-year and for services 3.9% higher.

NZ to seize black boxes from LATAM's Boeing 787 to probe mid-air incident

The airline and passengers aboard the Sydney-Auckland flight on Monday said the plane with 263 passengers and nine crew members on board dropped abruptly mid-air

Vishal Mega Mart planning $1 bn IPO valuing supermarket chain at $5 bn

The retailer has 560 stores, mainly in smaller cities, that sell clothes and grocery items. It competes with Indian tycoon Mukesh Ambani's Reliance, Tata Group's Trent

Xiaomi to deliver first batch of electric vehicles this month in China

The smartphone maker, China's fifth-largest, said in a Weibo post that 59 of its stores in 29 cities nationwide will take orders for its new Speed Ultra 7 (SU7) sedan

Apple to allow developers to distribute apps directly from their websites

"We're providing more flexibility for developers who distribute apps in the European Union, including introducing a new way to distribute apps directly from a developer's website," Apple said

Paytm's third-party application licence likely to get approval this week

UPI, operated by the NPCI, is India's real-time payments system that allows users to transfer money across banks

FAA audit finds issues in Boeing 737 MAX production after midair blowout

In the wide-ranging investigation, Boeing failed a check which dealt with the component that blew off the jet, known as a door plug, the report said, citing an FAA presentation viewed by NYT

BAT plans to sell up to 3.5% of stake in ITC, will own 25.5% after sale

The sale of 437 million ordinary shares in ITC through a block trade, will cut the Dunhill cigarette maker's shareholding to about 25.5% from about 29%

Reliance's fuel supply to Europe avoids Red Sea to keep clear from Houthis

Globally fuel producers are avoiding the Red Sea and go around Africa to avoid Iran-aligned Houthi attacks despite the Suez canal being the shortest route between Asia and Europe

Wheat inventories hit 7-year low at 9.7 MT after record state sale

Wheat reserves in state stores totalled 9.7 million tons at the start of this month, down from 11.7 million tons in March 2022, the state-run Food Corporation of India said

As Rupee appreciates, importers take advantage of unexpected up move

The rupee has been in a narrow 3 paisa range, having reached a more than six-month high on Monday

Tesla, major automakers get low marks for autopilot-driving technology

The IIHS, a safety research arm of the insurance industry, also said there is no evidence that Autopilot or other assisted-driving systems have real-world safety benefits, based on crash data.

Crypto rush: Bitcoin hits record above $72K as demand frenzy intensifies

Supply of bitcoin, which is limited to 21 million tokens, is set to get tighter in April, when the so-called "halving" event takes place

JPMorgan's CEO urges US Fed to wait past June before cutting rates

Markets see an 84% probability the Fed will lower rates in June and have priced in 90 basis points of cuts for the year

Disney failed to disclose ValueAct's past money management role: Blackwells

Disney is relying on ValueAct's endorsement at a time it is fighting to fend off two other activist-investors - Blackwells and Trian Fund Management - as each firm lobbies for seats on Disney board

Russia's spy service KGB accuses US of trying to meddle in election

Putin, who is almost certain to win the March 15-17 presidential election, has warned the West that any attempts by foreign powers to meddle in the ballot would be considered an act of aggression

China passes law granting Communist Party more control over cabinet

The amended State Council Organic Law passed by 2,883 delegate votes, with eight opposing and nine abstaining, during the closing day of the National People's Congress in Beijing

US leads global crude oil production for sixth year in a row: EIA

"The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row," the EIA added

RBI takes delivery of $5 bn dollar/rupee swap to bolster liquidity: Bankers

Bankers reckon that the central bank opted to take delivery, thereby removing $5 billion out of the system and injecting proportionate liquidity