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Saudi Arabia set to raise $11.2 bn from secondary offering of Aramco shares

Aramco's book was covered four to five times near the bottom of the price range of 26.7 to 29 riyals

RBI's GDP projections, gains in IT stocks help Indian shares trade higher

The NSE Nifty 50 index was up 1% at 23,060 points and the S&P BSE Sensex added 1.2% to 75,941 points after the rate decision

Germany looking into buying 8 additional Lockheed Martin F-35 fighter jets

The jets are equipped with advanced sensors and other gear, and nearly impossible to track with radar

Growing reliance on Big Tech firms for AI carries new risks: European banks

Excitement around using artificial intelligence (AI) in financial services - widely used already for detecting fraud and money-laundering - has soared

Assessing need for more measures to slow unsecured lending: RBI Guv Das

The Reserve Bank of India has warned lenders against "all forms of exuberance" due to worries about the rising risks

US job growth to remain at moderate pace in May, wage gains hold steady

The Labour Department's closely watched employment report on Friday is also expected to show the unemployment rate remained below 4 per cent for the 28th straight month

Amid sanctions, Putin pivots to eastern allies for Russian investment forum

Western sanctions have not torpedoed Russia's economy, however, and Moscow has nurtured ties with China, major regional powers in the Middle East and across Africa and Latin America

Meta faces call in EU not to use personal data of users to train AI models

Meta has previously cited a legitimate interest for using users' data to train and develop its generative AI models and other AI tools, which can be shared with third parties

As Trump narrows search for vice-prez, his short list is nearly all men

Some of the wealthy donors said Trump should select former primary rival Nikki Haley as his No. 2

Indian govt bond yields flattish as investors eye RBI guidance for cues

Bond yields shot up on Tuesday and have largely remained elevated after a weakened mandate for Prime Minister Narendra Modi's party

Samsung Electronics' union set to stage 1st walkout over pay in South Korea

The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, has said it will stop work for a day as part of broader protest me

Rupee to hold above $83.50; awaits RBI policy, US non-farm payroll report

Non-deliverable forwards indicate rupee will mostly be flat from 83.4725 in the previous session

Asia shares set for weekly gains as major central banks cut rates

The European Central Bank (ECB) delivered a well-telegraphed rate cut on Thursday, a day after the Bank of Canada became the first G7 nation to trim its key policy rate

NCLT approves merger of full-service carriers Vistara with rival Air India

The merger, first announced in November 2022, will include Vistara, which is 49 per cent owned by Singapore Airlines being absorbed into Air India

Insurers to invest more in private credit market: Moody's Ratings report

In a survey this week of the world's largest insurers, Moody's found that nearly 80% of respondents planned to increase their holdings in at least one class of private credit

Russia, China raise concerns with US over UN resolution on Gaza ceasefire

Biden laid out a three-phase ceasefire plan for the Gaza Strip a week ago that he described as an Israeli initiative

Israeli strike kills at least 40 Palestinians at school in Central Gaza

The Israeli military said that Hamas militants were operating from within the school

ECB cuts key interest rate by 25 bps even as inflation fight continues

Inflation in the 20 countries that share the euro has fallen to 2.6% from more than 10% in late 2022, largely thanks to lower fuel costs and an easing of post-pandemic supply snags

Netflix tests biggest TV app revamp in 10 yrs to enhance viewing experience

The video streaming pioneer wants to increase the time that viewers spend on the app to help retain customers and draw subscribers to its new, lower cost plans with advertising

SpaceX's Starship survives return to Earth, achieves landing on 4th try

Much is riding on SpaceX's development of Starship, relied upon by NASA as it aims to return astronauts to the moon in 2026 in a rivalry with China, which plans to send its astronauts there by 2030