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Consensus growing on rate cut as inflation diminishes: ECB's Panetta

Panetta has said inflation is showing a common underlying trend as it is declining in all major economic areas and that risks to financial stability have reduced

G7 to explore ways of using frozen Russian assets to help Ukraine

The G7 and its allies froze some $300 billion of Russian assets shortly after Moscow invaded its neighbour in February 2022

India and China hindering 'Pillar 1' tax deal, refusing to engage: Yellen

Earlier on Friday, Italian Finance Minister Giancarlo Giorgetti told reporters that the Pillar 1 negotiations were set to fail, citing objections from the US, India and China

Two-day G7 finance summit kicks off seeking unity on Ukraine, China

The G7 will also address a proposed global wealth tax on billionaires, promoted by Brazil and France among the broader Group of 20 developed countries

Emcure Pharma, HDT settle legal fight over Covid vaccine technology

The companies said they have signed a long-term agreement to continue collaborating on the development of mRNA-based vaccines and a license that allows Emcure to use HDT's mRNA technology

United Spirits Q4 results: Net profit rises over two-fold to Rs 241 crore

The company had posted a net profit of Rs 102 crore in the year-ago period, United Spirits Ltd (USL) said in a regulatory filing

China stages mock missile strikes on Taiwan, uses live missiles in drills

China views democratically governed Taiwan as its own territory and denounces Lai as a 'separatist'

Jio Financial Services plans $4.33 billion deal with Reliance Retail

Under the proposed deal, the JFS unit called Jio Leasing Services will buy telecom equipment and devices that usually include routers and cell phones

Asian stocks fall, dollar advances amid wavering rate cut expectations

Data on Thursday showed US jobless claims dropped while S&P Global's Flash PMI survey showed business activity expanded

RBI shifts to NDFs as preferred forex reserves intervention option

The Reserve Bank of India (RBI) has traditionally been more active in the local over-the-counter (OTC) spot market to keep the rupee stable

Will increase production to meet demand, deliver 120K EVs: Xiaomi

In China, Xiaomi's largest market for its smartphone business, shipments rose 8.6%

IMF, Pakistan make considerable progress on extended loan facility

The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month completed a short-term $3 bn programme

India's new govt will be spoilt for choice with $25 bn extra in kitty

On Wednesday, the RBI announced a record Rs 2.11 trillion dividend transfer to the government

China's 2nd day of war games around Taiwan tests ability to 'seize power'

The two days of drills in the Taiwan Strait and around groups of Taiwan-controlled islands near the Chinese coast started just three days after Lai took office

Govt bond yields largely unchanged as traders await fresh debt supply

The gains will be capped as the central bank's record surplus transfer to the government has boosted market sentiment

Samsung's HBM chips failing Nvidia tests due to heat, power problems

The reasons for Samsung failing Nvidia's tests are being reported for the first time

Nvidia reduces prices in China amid competition from Huawei's chips

The flattening prices underscore the challenges Nvidia's China business faces amid US sanctions on AI chip exports and heightened competition

Wall Street tumbles as AI Nvidia's fervor dampened by rate jitters

All three major US stock indexes gathered downward momentum in afternoon trading, ending the session deep in red territory

What is China doing to support its property market? All you need to know

China had 391 million square meters (4.2 billion square feet) of completed and unsold homes at the end of April, equivalent to 6.6 Manhattans, official data show

South Korea's SK Group to boost ties with Japan's chip equipment makers

SK Group affiliates include SK Hynix, the world's No.2 memory chip maker