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Wall Street rallies after Federal Reserve cuts interest rates 50 bps

Intuitive Machines soars after clinching NASA contract; Dow 0.40%, S&P 500 0.52%, Nasdaq 0.79%

Analog Devices, Tata Group sign pact to make semiconductors in India

Tata Electronics and ADI intend to explore opportunities to manufacture ADI's products in Tata Electronics' fab in Gujarat

New iPhone 16 unveiled in Russia as retailers skirt Apple's export ban

Apple did not immediately respond to a request for comment outside US business hours

India to produce more rice this year despite heavy rains: Shivraj Singh

Last year, the El Nino weather pattern curtailed rains in the country, which relies on the June-to-September monsoon for watering nearly half of its farmland that lacks irrigation

Indian firms use currency swap to lower borrowing costs as Fed cuts kickoff

The banker did not want to be named because he is not authorized to speak to the media

Waymo in talks with S Korea's Hyundai Motor to produce self-driving taxis

Motional, a self-driving technology unit of Hyundai Motor Group, earlier this year delayed plans to launch a robotaxi service with its next-generation Hyundai Ioniq 5 robotaxis

UN advisory body makes seven recommendations for governing AI

Only a handful of countries have created laws to govern the spread of AI tools

China aircraft lessor orders 50 737 MAX jets in major boost to Boeing

The planemaker's deliveries to China had been gradually recovering in recent months after a lengthy hiatus

Taiwan denounces China for suspending tariff exemptions on farm goods

China, which claims democratically governed Taiwan as its own territory, has ramped up its pressure on Taipei over the past five years

US House Republicans fail to pass spending bill as shutdown approaches

Democrats in the House and the Senate say they are eager to pass a stopgap spending bill to avert a disruptive shutdown

Vistra acquires remaining stake worth $3.25 bn in subsidiary Vistra Vision

Vistra's shares have jumped nearly 137 per cent so far this year

Boeing furloughs thousands as it hunkers down for prolonged strike

A protracted labor battle could cost Boeing several billion dollars, further straining finances and threatening its credit rating

US Fed slashes interest rates by 50 bps for the first time since 2020

Policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, and another full percentage point in 2025

Fed policymakers see end-2024 policy rate at 4.4% as unemployment rises

The decision drew a dissent from Fed Governor Michelle Bowman, who wanted just a quarter-point cut

Asian stocks and dollar gain as Fed Reserve charts 'soft landing' path

Futures rose 0.6 per cent in the Asia day and Nasdaq futures were up 0.9 per cent

Hezbollah hand-held radios explode across Lebanon, 9 killed, 300 injured

Lebanon's health ministry said nine people had been killed and more than 300 injured, while the death toll from Tuesday's explosions rose to 12, including two children, with nearly 3,000 injured

NTPC Green Energy files draft papers to raise $1.2 billion through IPO

The company, a unit of power producer NTPC, will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed

Google urges tribunal to scrap $9.3 bn UK lawsuit over search 'dominance'

The lawyers asked the Competition Appeal Tribunal to certify the case to proceed towards a trial, a very early step in any mass lawsuit. Google, however, says the case is seriously flawed

Traders demand stock release, say wheat curb insufficient to contain prices

But the curbs failed to bring down prices, which were trading at 28,416 rupees ($339.53) per metric ton in New Delhi, up from 24,000 rupees in April

Hezbollah and Hamas leaders who have been assassinated since Gaza war

Mohammed Nasser was killed in an Israeli airstrike on July 3. Israel claimed responsibility, saying he headed a unit responsible for firing from southwestern Lebanon at Israel