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Indian banks eye record infra bond issue for second straight financial year

If successful, funds raised via these bonds in the first five months of the current fiscal year started in April will surpass the Rs 544 bn raised in FY 2023-24

Yen choppy amid intervention concerns, Asian shares eye weekly gain

Moves in the yen against the dollar and other major currencies stole the spotlight on Friday

Israel-Gaza war should end now, Israel must not occupy Gaza: Prez Biden

Biden in late May detailed a proposal of three phases aimed at achieving a ceasefire

Nato summit showcases significant defence deals for RTX, Boeing, and others

Norway's Nammo and RTX's Raytheon business unit agreed to partner to build rocket motors

Global electric vehicle sales up 13% in June, decline 7% in Europe

China accounted for over 60 per cent of the total, as rising availability of electric vehicles and strong sales by BYD contributed to an increase

Joe Biden mistakenly refers to Zelenskyy as Putin before correcting himself

British Prime Minister Keir Starmer, in a press conference of his own, repeatedly avoided answering the question as to whether Biden was fit enough to run for the US presidency

China's exports exceed forecasts, declining imports point to more stimulus

The mixed trade data keeps alive calls for further government stimulus as the $18.6 trillion economy struggles to get back on its feet

Govt bond yields marginally down ahead of fresh supply via debt auction

The latest data has led to a repricing of interest rate cut expectations, with the probability of a 25-basis-point rate cut by the Federal Reserve in September

Joe Biden mixes up Harris, Trump names as calls to end his campaign grow

So far, 13 of the 213 Democrats in the House and one of the Senate's 51 Democrats have appealed publicly to the president to withdraw from the race

Deliveries of US F-35 jets to resume soon without complete software upgrade

The delays in delivery to the Pentagon were linked to the lingering issue on the TR-3 tech refresh

US June budget deficit shrinks to $66 billion after calendar shifts

The Treasury said that the $66 billion June deficit nominally fell 71 per cent from the $228 billion deficit recorded in June 2023

Ukraine urges Nato to allow usage of long-range missiles targeting Russia

Nato members issued a declaration in support of Ukraine at a summit in Washington on Wednesday, promising additional aid and pledging to back its "irreversible path" to Nato membership

Apple to open its tap-and-go payment tech to mobile wallet providers in EU

Apple will now allow developers to access its near field communication (NFC) technology to pre-build payment apps for rival mobile wallet providers

Bain Capital to buy financial software vendor Envestnet in $4.5 bn deal

Bain Capital is offering $63.15 per share in cash

Volkswagen partners with US startup QuantumScape for solid-state batteries

Under an agreement announced on Thursday, Volkswagen's battery unit PowerCo will receive the licence to mass-produce battery cells based on QuantumScape technology

Biden administration to award $1.1 bn to Stellantis, GM for EV production

Donald Trump has harshly criticised Biden's EV policies and vowed to reverse them if he takes office

India's state refiners in talks for long-term oil import deal with Russia

Nayara Energy and Reliance Industries have already signed term deals for Russian oil imports

Foreign currency account usage widens at GIFT City, boosts biz prospects

Latest changes, announced by RBI in a circular late allow Indian investors to use GIFT City as a route for more overseas spending and investments

Why has China's central bank introduced a new cash management tool?

The central bank has sounded warnings and introduced a flurry of measures, including plans to sell treasury bonds, to cool a long-running bond rally

What explains Japanese government's non intervention to support yen?

Massive interest rate differentials between the U.S. and Japan have been weighing the yen down, putting monetary policy at the centre of the currency's woes