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China's ultra-long treasury bonds' use fuels expectations for more stimulus

After unshackling the economy from three years of Covid-19 restrictions, Chinese officials had hoped that stimulating the industrial sector would stabilise the job market

US inflation rises moderately, consumer spending cools before Fed's meet

The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May, the Commerce Department's Bureau of Economic Analysis reported

Apollo Funds to buy IGT's gaming, digital business, Everi in $6.3 bn deal

The deal, subject to regulatory approvals and approval by Everi stockholders, is expected to be completed by the end of the third quarter of 2025

IndiGo Q1 FY25 results: Net profit declines 11.7% on higher expenses

India's largest airline by market share posted a profit of Rs 2,727 crore ($326 million) for the three months ending June 30, compared with Rs 3,087 crore a year earlier

Govt to push forward IDBI Bank stake sale after RBI key clearance

The Reserve Bank of India has indicated completion of its fit and proper vetting of potential bidders of IDBI Bank, said Tuhin Kanta Pandey, the country's secretary responsible for the stake sale

Shriram Finance Q1 result: Net profit up 18% at Rs 1,981 cr on loan demand

Shriram Finance's earnings were boosted by higher commercial vehicle sales - which form its biggest financing segment, along with strength in farm equipment and small business credit segments

Sanctioned Iranian crude oil finds new markets in city of Dalian in China

Analysts estimate China imported 1.2-1.4 million bpd of Iranian crude during the period. Vortexa said the imports hit a record 1.52 million bpd last October

Bangladesh quells protests against job quotas but anger, discontent remain

The protests, which started in universities and colleges earlier this month, quickly turned into a more widespread agitation against Hasina and her government

Pakistan using terrorism, proxy war to stay relevant, says PM Modi

The nuclear-armed South Asian neighbours share an uneasy relationship and India has, for decades, accused Pakistan of backing Islamist militants fighting its rule in Kashmir

Under pressure in China, Mercedes-Benz trims 2024 car profit outlook

The company said it now expected an adjusted return on sales in the range of 10-11 per cent this year, down from its previous target range of 10-12 per cent

RBI's proposed liquidity norms expected to raise demand for bonds

The new norms will pose requirements for higher liquid assets for the banks to shore up their LCRs

Epic Games says Fortnite returning to iOS in EU, leaving Samsung app store

Apple had approved Epic Games' marketplace app on iPhones and iPads in Europe earlier in July, after Epic escalated its feud with the technology giant

Possibility of imposing caps on govt bonds to curb hot money inflows

Since September, when India's inclusion in the JPMorgan index was announced, foreigners have invested a net amount of $12.7 billion

Govt's 10-year benchmark bond yield dips to 2-year low; auction demand key

The benchmark 10-year yield was at 6.9357 per cent as of 10:00 a.m. IST, compared with its previous close of 6.9512 per cent

Asian stocks remain on back foot as wild week winds down, Yen steady

Regional stocks took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after Wednesday's frenetic selling

US election: Harris gains ground in polls as Trump brands her Marxist

Harris' swift emergence as the successor to President Joe Biden, 81, as the Democratic presidential candidate in the Nov 5 election has shaken up a stagnant presidential race

Eyeing strategic advantages near China sea, US builds Australia's bases

Tender documents show that intelligence briefing rooms, upgraded runways for bombers, warehouses, data centres and maintenance hangars are in the works

Paris Olympics 2024: France to kick off games under tight security

Some 45,000 police, 10,000 soldiers and 2,000 private security staff will ensure the safety of the parade along the river Seine, its banks and surrounding monuments

OpenAI enters Google-dominated search engine market with SearchGPT

The move, announced on Thursday, also places the AI giant in competition with its largest backer Microsoft's Bing search

G20 agree on Brazil's billionaire tax idea to effectively tax ultra rich

The declaration, which will be published on Friday, was a priority for Brazil, chairing talks of the G20 this year