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Not planning to fire Federal Reserve Chair Jerome Powell, says Trump

Trump is open to the idea of firing Powell, a source told Reuters on Wednesday before Trump said he wouldn't, even as he unleashed a new barrage of criticism against the Fed chair

Nvidia CEO Huang calls Chinese AI models 'world class', lauds innovation

Huang spoke briefly at the opening ceremony of a supply chain expo, one day after the AI giant said it would once again be able to sell its highly popular H20 chips in China

WTO overhaul targets fairer trade, easier decision-making to end paralysis

Trump's sweeping tariffs have forced countries to line up to negotiate bilateral trade deals with Washington, bypassing the multilateral framework

Angel One posts lower quarterly profit on derivative trading curbs

The company's consolidated profit fell to $13.3 million in the three months ended June 30, compared with Rs 293 crore a year earlier.

India's Russian oil imports up slightly in January-June, shows data

India, the world's third-largest oil importer and consumer, received about 1.75 million barrels per day of Russian oil in January-June this year, up 1% from a year ago, the data showed

Morgan Stanley profit rises as trading gains from market volatility

Institutional Securities, which houses the bank's Wall Street operations, posted revenue of $7.6 billion in the second quarter, compared with $7 billion, a year ago

Goldman's profit jumps as market turbulence powers record equities trading

The results capture a growing trend of market turmoil boosting trading desks across Wall Street as investors rebalance their portfolios to manage tariff-related risks

Gold imports in June fall to two-year low as record price dents demand

Domestic prices hit an all-time high of 101,078 rupees per 10 grams in June. Gold prices have risen 27 per cent so far this year after rising 21 per cent in 2024

Embassy Reit plans to tap debt market with ₹2,000 crore bond sale

The real estate investment trust will look to close the funding round before the end of this month

Ind, US inflation data hint downward bias on dollar-rupee forward premiums

India's retail inflation hit a six-year low in June, while US consumer prices rose at their fastest pace since February, with higher goods costs hinting at tariff effects

Oil prices gain on summer demand expectations despite wider economy woes

Major oil producers are pointing to signs of better economic growth in the second half of the year while data from China showed consistent growth

Cinepolis bets on blockbusters to drive double-digit India revenue growth

Western studios are counting on this summer to reverse a downtrend worsened by the 2023 Hollywood writers' strike

Air India crash rekindles decades-old debate over cockpit video recorders

Advocates for cockpit video cameras say the footage could fill in gaps left by the audio and data recorders, while opponents say concerns about privacy

Asia shares struggle, dollar soars on lowered Fed rate cut bets

Data on Tuesday showed US consumer prices rose 0.3 per cent in June, in line with forecasts, but the largest gain since January

GAIL eyes long-term LNG deal from 2027 linked to Brent crude prices

The Indian company is looking to buy six cargoes of the super chilled gas in 2027, and eight cargoes in the second year of the deal

CoreWeave commits $6 bn to Pennsylvania data centre amid Trump AI push

The announcement will be made during a CEO roundtable with Trump at Senator Dave McCormick's inaugural Pennsylvania Energy and Innovation Summit, the company said in a statement

Opec sees stronger global economy in H2 2025 as oil demand stays firm

OPEC's demand forecasts are at the higher end of the industry range, as the agency expects a slower energy transition than some other forecasters

Trump asks Zelenskyy if Ukraine can strike Moscow with US weapons

The conversation took place a day after Trump said he was "very disappointed" by a phone call with Putin, in which the Russian leader insisted he wouldn't back down on his war aims

US inflation picks up in June as early tariff effects start to show

Trump last week announced higher duties would come into effect on August 1 for imports from a range of countries, including Mexico, Japan, Canada and Brazil, and the European Union

Citigroup profit beats analyst estimates, shares rise on buyback plans

Shares jumped 3.3 per cent after the bank announced it would buy back at least $4 billion in stock in the third quarter