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BoE moves closer to first rate cut since 2020, as second official backs cut

The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%

China's exports and imports return to growth, signalling demand recovery

Shipments from China grew 1.5% year-on-year last month

NPCI to delay payments market cap by two years, helping PhonePe, Google Pay

NPCI, which has a regulatory mandate from the central bank, announced the 30% cap in 2020 but later extended the deadline by two years to the end of 2024

Nissan Motor upbeat on annual profit with 5.5% rise despite challenges

It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures

US weekly jobless claims increase more than expected as labor market eases

The Fed last week left its benchmark overnight interest rate unchanged in the current 5.25%-5.50% range, where it has been since July

Constellation Energy beats Q1 profit estimates on nuclear power generation

Constellation, which also generates electricity via other renewable sources - hydro, wind and solar - beat analysts' estimates of $1.38 per share, according to LSEG data

FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report

India's income tax receipts rose 17.7% year-on-year to nearly $235 billion in 2023/24, higher than government's projection

Orient Electric Q4 result: Net profit falls 48%, total expenses up 23.3%

Orient Electric, which also sells fully automatic coffee machines, hand mixers and switchgears, said its revenue from operations rose 19.7%

Govt considers offering incentives for lithium processing: Report

Companies including SoftBank-backed e-scooter maker Ola Electric, and miner Vedanta Ltd and Jindal Power are among those bidding for critical minerals blocks, which include lithium

Olympics 2024: Neeraj Chopra says belief key to success in Paris Games

The 26-year-old will defend his crown at the July 26-Aug. 11 Games and will be joined by compatriot Kishore Jena, while DP Manu also has a chance of qualifying for Paris

Nissan Motor upbeat on annual profit despite challenges from inflation

It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures

Huawei's latest high-end phone uses more China-made parts, memory chip

Huawei's resurgence in the high-end smartphone market after four years of US sanctions is being widely watched

Efforts to improve people's lives have fallen short: S Korea's President

As part of a major policy push, Yoon also said a new government ministry would be created to address the country's record low birth rate and fast-ageing society

BOJ board turned hawkish in April, many saw need for more rate hikes

The debate underscores BOJ Governor Kazuo Ueda's recent remarks signalling the chance of multiple rate hikes ahead, and heightens the possibility of an increase in short-term borrowing costs

Asian shares stabilise after solid China trade data, yen steadies

Chinese shares see earlier gains, with bluechip stocks rising 1 per cent and Hong Kong's Hang Seng index increasing 1.2 per cent

US sends warship through Taiwan Strait weeks before Lai takes office

The latest mission's timing was extra sensitive, given it took place ahead of the May 20 inauguration of Taiwan President-elect Lai Ching-te, a man who China says is a dangerous separatist

Paramount Global in talks to open its books to Sony Pictures and Apollo

A special committee of Paramount's board that is evaluating the company's options allowed an exclusivity period to lapse in its deal discussions with Skydance last week

Consumer price inflation likely slipped in April, food inflation sticky

V Anantha Nageswaran, the government's chief economic adviser, said on Wednesday the Indian economy was better placed than before to pursue 'non-inflationary' growth

BoE likely to move closer to first rate cut since 2020 as inflation falls

The big question for investors is whether the BoE suggests that a cut could come in June - when the European Central Bank has already signalled it will reduce borrowing costs

Job market squeeze in UK eases in April, permanent hiring down: Survey

For months the REC survey has painted a weak picture on hiring and pay for newly employed workers that has mostly not carried over to official measures of the broader labour market