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Moderate US producer price, cost of services soothes inflation concerns

High inflation and persistent labor market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut to September from June

China's consumer prices rise for 2nd month, factory deflation persists

Persistent declines in factory-gate prices and export prices, meanwhile, have added to tensions with China's biggest trading partners

Brent crude hovers around $90 a barrel as inflation concerns persist

Brent crude futures were down 44 cents to $90.04 a barrel at 1321 GMT, while US West Texas Intermediate crude futures lost 58 cents to $85.63 a barrel

US dollar turns lower after producer prices for March, jobless claims data

A separate report showed the U.S. initial jobless claims were 211,000 for the week ended April 6, compared with a forecast for 215,000 claims

Nike pins hopes on Olympic Games in Paris to win back market share

Nike spotlighted its 'Air' cushioning technology, used in everything from marathon shoes to sneakers, and its knit materials that make shoes lighter

China vows strong support for equipment, consumer goods trade-in plans

Last month, China's cabinet issued an action plan containing detailed measures to promote an initiative designed to boost investment and consumption

Apple drops term 'state-sponsored' attacks from threat notification policy

Apple's removal of the term "state-sponsored" from its description of threat notifications comes after it repeatedly faced pressure from the Indian government on linking such breaches to state actors

Russia, Kazakhstan battle worst floods as major rivers burst banks

The Kremlin said Putin was being updated regularly on the situation but had no current plans to visit the area while emergency services tried to deal with rising waters

India's economy doing good, efforts needed to sustain it: Sanjeev Sanyal

India's economy grew by better-than-expected 8.4 per cent in the final three months of 2023 -- the fastest pace in one-and-half years

Uniqlo operator Fast Retailing's Q2 profit climbs 7.2% at $721.80 mn

Fast Retailing left its full-year operating profit forecast unchanged at 450 billion yen

US govt to consider concerns about China's Brite in trade sanction list

The concerns were raised in a letter calling on the agency to sanction the company after Reuters reported in December that it was part-owned by blacklisted Chinese chipmaker SMIC

Amazon Web Services owes $525 mn in cloud-storage patent fight: US jury

Chicago-based Kove sued Amazon in the US District Court for the Northern District of Illinois in 2018

NTSB conducting fresh interviews with Boeing on 737 MAX 9 door plug probe

The NTSB plans to hold a public investigative hearing into the Alaska Airlines incident on Aug 6-7

Foxconn considers rotating chief executives in management reshuffle

For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can promote teamwork and prevent leadership from becoming entrenched

Oil consolidates gains amid concerns of worsening Middle East conflict

US Secretary of State Antony Blinken has told Israeli Defense Minister Yoav Gallant that the United States will stand with Israel against any threats by Iran

Stock market holiday: BSE, NSE closed today on account of Eid-Ul-Fitr

The blue-chip NSE Nifty 50 added 0.49% to 22,753.80 on Wednesday, while the BSE Sensex settled 0.47% higher at 75.038.15, led by metals and energy stocks

Yemen's Houthis rebels target four vessels in Gulf of Aden, says spokesman

The Iran-aligned group attacked "MSC Darwin ship, MSC GINA, MV Yorktown" along with the U.S. destroyer, the group's military spokesman Yahya Sarea said in a televised speech

German premium car manufacturers struggle to revive demand in China

Carmakers are facing a challenging year, forecasting stable or lower returns and slower sales growth as they invest in revamping their line-ups to tackle growing competition

EU's new tech laws are working as small web browsers gain market share

In mobile devices that run Android, Chrome browser comes as default and iPhones with Safari, making them the dominant browsers in the market

UBS faces tougher rules in Swiss govt's response to Credit Suisse rescue

Switzerland's plan will come under close scrutiny at home and abroad because if UBS were to unravel, there are no local rivals left that could absorb it