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Bond traders hanker for short-term borrowing cuts as buybacks fail

Banking system liquidity has stayed in deficit for last four weeks, coinciding with start of the first phase of general elections, with average daily average deficit in May rising to Rs 1.2 trillion

Spike in trade with Russia not a 'temporary phenomenon': EAM Jaishankar

"For long, we have looked at Russia from a political or security perspective," Foreign Minister S. Jaishankar said at an industry conference

Battle over butter chicken's legacy heats up with new court evidence

Two Indian restaurant chains have been sparring since January at the Delhi High Court

North Korea fires multiple short-range ballistic missiles, Seoul condemns

North Korea has launched ballistic and cruise missiles as well as tactical rockets in recent months, describing them as part of a program to upgrade its defensive capabilities

Elon Musk pushes plan for China data to power Tesla's FSD ambitions

Tesla's efforts underscore the speed of the electric vehicle maker's pivot to bet on a breakthrough in AI at a time when EV demand has slowed and its competition has deepened

SAIL watching Chinese steel imports post US tariff hikes: Chairman

The state-run SAIL has continued to buy steelmaking coking coal from Russia at 75,000 tons per ship

BOJ may face more pressure to hike rates amid declining consumer spending

The yen has depreciated by roughly 10% against the dollar so far this year despite the BOJ's decision in March to end eight years of negative rates

China's annual oil refinery output falls for first time in 20 months

The 3.3 per cent fall was the first year-on-year decline since August 2022

Indian govt bond yields remain unchanged as traders eye debt supply

Traders were also cautious after the 10-year US yield moved off its recent lows, but continued to remain around the 4.35 per cent mark.

China issues first batch of 30-year stimulus bonds at yield of 2.57%

The bid-to-cover ratio for the first tranche of the special bonds was 3.91 times, suggesting solid demand for such bonds

Microsoft to offer cloud customers AMD alternative to Nvidia AI processors

It will also launch a preview of new Cobalt 100 custom processors at the conference

US Prez Biden signs sweeping aviation safety, reform bill into law

Biden has repeatedly clashed with air carriers, calling for new stricter consumer rules and harshly criticizing them for imposing fees

After Google, OpenAI strikes deal with Reddit to train AI on its content

ChatGPT and other OpenAI products will use Reddit's application programming interface, the means by which Reddit distributes its content

Government announces fresh buy back of bonds despite lukewarm response

The central bank said it would buy back Rs 60,000 crore worth of securities, maturing this financial year, on May 21

China's April industrial output rises 6.7% as manufacturing gathers pace

However, retail sales, a gauge of consumption, rose 2.3% in April, slowing from a 3.1% increase in March

Asian stocks inch lower on uncertainty over timing of US rate cuts

Traders are pricing in 47 basis points of easing this year from the Fed, with a rate cut in November fully priced in

Chinese biofuel firms invest in 'green' jet fuel, eye new blending rule

The world's second-largest aviation market, with about 11 per cent of global jet fuel use, China is expected to unveil this year its policy on sustainable aviation fuel (SAF) use for 2030

China's balloon flights over Taiwan psychological warfare, says experts

Experts say the balloons could be psychological warfare, carry surveillance tools or simply gather meteorological data

Use of frozen Russian assets for Ukraine must align with law, says Japan

Finance ministers from the Group of Seven major democracies will meet in Italy next week and will discuss the question of how revenues from the frozen Russian assets should be used

Trump presidency to risk $1 trn in clean energy investment, says WoodMac

This election cycle will really influence the pace of energy investment, both in the next five years and through 2050