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India set for $2 bn bond inflows around JP Morgan index inclusion day

The $2 billion, single-day inflow estimate by four bankers trails only the record-high $2.7 billion poured into Indian bonds on Aug. 20, 2014

US lawmakers meet Tibet's Dalai Lama, warn China on choice of successor

The bipartisan group of seven met the 88-year-old Nobel peace laureate at his monastery in Dharamshala. The comments are expected to anger Beijing which calls Dalai Lama a separatist

Dip in e-commerce festival sales adds more woes to China's economic crunch

Sales in 618 had grown even during the pandemic, according to Syntun, and peaked in 2023 at nearly 800 billion yuan

Children were sent to distillery by school bus: NCPCR chief on MP case

Police in the state of Madhya Pradesh launched an investigation into Som after the National Commission for Protection of Child Rights last week found 39 boys and 19 girls working at the factory

Axis Bank buys additional stake in Max Life Insurance for Rs 336 crore

Shares of the bank, India's fifth largest by market capitalisation, jumped as much as 2.2% after the news. The stock was among the top gainers on the Nifty 50 index

China requests Britain to stop sanctioning Chinese firms over Russian links

Britain last week imposed its first sanctions targeting vessels in Russian President Vladimir Putin's "shadow fleet" that it said was used to circumvent Western sanctions on the trade in Russian oil

EU Commission plan may exempt long-haul flights from new emissions rules

The EU is developing plans to require airlines to track and report their contribution to climate change from January 2025

Russia, N Korea sign partnership, vows closer ties amid rivalry with West

North Korea is under heavy UN Security Council sanctions over its weapons program, while Russia also faces sanctions by the United States and its Western partners over its aggression in Ukraine

Chinese automakers urge Beijing to impose retaliatory tariffs on EU cars

China's current import tariff for cars is 15%

UK inflation at 2% for first time since 2021, underlying pressure persists

Sterling rose modestly against the US dollar after the data

Supercar maker Ferrari's first electric car to cost over $500,000

The Italian brand, famed for its roaring petrol engines, has said it will launch an electric car late next year, and the planned price shows its confidence that ultra-wealthy drivers are ready for it

Govt bonds register marginal dip tracking US peers after soft retail sales

US yields eased on Tuesday after data showed retail sales in the world's largest economy was weaker than expected in May

Indian debt expensive but rate cut clarity to trigger more buying: Pictet

Pictet, one of Europe's largest fund managers, manages debt worth around $2.67 billion in its local currency emerging market fund

Russia nuclear-powered submarines launch missiles during Barents Sea drills

The Severodvinsk and the Orel nuclear-powered submarines fired Kalibr and Granit cruise missiles a distance of about 170 km (106 miles) at a target

Russia discusses deployment of long-range weapons with closest partners

Russia's President Vladimir Putin arrived in North Korea on Wednesday, with the United States and its allies saying they fear Moscow could provide aid for Pyongyang's missile and nuclear programmes

Asian stocks rise to their highest on tech rally, Fed rate cut wagers

Japan's Nikkei rose 0.59%, while blue chip stocks in China were 0.42% lower. Hong Kong's Hang Seng index rose 1.3%

US Senate passes bill to accelerate advanced nuclear energy deployment

A version of the bill had already passed in the House of Representatives and it will now go to President Joe Biden for a signature to become law. It passed the Senate 88-2 votes

As demand for electric vehicles dwindles, what are startups doing about it?

US EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand due to steep borrowing costs

Brazilian planemaker Embraer sees India, Saudi as strategic defence markets

India has an open tender to buy military planes while Saudi Arabia, looking to replace an aging fleet of Lockheed Martin's C-130 Hercules, is currently in early engagement with Embraer

Vedanta Resources proposes to cut debt by $3 bln over next three years

Vedanta Resources, whose debt stood at $6 billion as of March 2024, has been grappling with a host of rating downgrades since last year as analysts flagged liquidity issues and high default risk