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Fitch lowers Boeing 2024 aircraft delivery, free cash flow forecasts

The rating agency forecasts from 350 to 370 737 MAX deliveries and about 65-70 787 deliveries in 2024, below previous expectations of about 400 and 75, respectively

Microsoft to pay off cloud industry group to end EU antitrust complaint

The pact would include a possible multimillion-euro payment to the trade association, according to the report, and separate payments could also be made to individual companies

Meta's flagship app Facebook attracting most young adults in 3 years

Only about a third of US teens say they use Facebook, according to a survey last year by research organization Pew

Considering action against China firms, banks over Russian war support: US

Encounters between the Philippines and China in Asia's most contested waters have grown more tense and frequent in the past year as Beijing presses its claims

Donald Trump to appeal against the guilty verdict after July 11 sentencing

Trump will have 30 days from the date of his July 11 sentencing to file a notice of appeal

Tesla shareholder sues Elon Musk for alleged $7.5 bn insider trading

According to the lawsuit, Musk sold the shares on various dates in November 2022 and December 2022

Govt cuts windfall tax on petroleum crude to Rs 5,200 per MT from Rs 5,700

The tax, which is revised every fortnight, remains unchanged at zero for diesel and aviation turbine fuel

'India runs power plants flat out to keep cool in heatwave, election'

The grid met record peak load of 246 mn kilowatts on May 29 and then 250 million kilowatts on May 30, shattering the previous record of 240 mn kilowatts set in September 2023, wrote John Kemp

US inflation increases moderately in April, consumer spending slows

The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March

Banks' loans rise 19.5% in two weeks to May 17, deposits up 13.3%: RBI

Outstanding loans fell Rs 23,207 crore ($2.78 billion) to Rs 166.09 trillion in the two weeks to May 17

India's FY24 fiscal deficit lower than full-year target, shows govt data

The fiscal deficit came in at Rs 16.54 trillion ($198.34 billion), or 95.3% of the estimate, even as the government continued its record infrastructure spending to boost the economy

Forex reserves snaps three-week gaining streak, ease from record high

The reserves fell by $2 billion in that week, after rising by a total of $10.8 billion in the previous three weeks

Tesla to recall 125,227 cars over faulty seat belt warning system

The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt warning light and audible chime may not get activated when the driver is unbelted

ARCs misused by 'tainted' promoters: RBI Deputy Governor M Rajeshwar Rao

Promoters in an Indian market are large shareholders who can influence company policy and, according to regulatory definitions, are prospective owners or directors of the company

S&P Global to observe India's fiscal glidepath for possible rating upgrade

India aims to narrow its fiscal deficit to 4.50% of gross domestic product by the end of 2025/26, from an expected 5.8% in 2023/24

Battery maker Altmin in talks with Australia for lithium supplies

Altmin, India's only cathode active materials producer, currently sources lithium carbonate from Brazil and Bolivia

Extreme temperatures across Asia push LNG imports to record highs

While China may still see lower demand compared with its record breaking shipments in 2021, demand from India and the rest of Asia has compensated for any drop-off, an expert said

After repairing war-damaged factory, Mondelez resumes ops in Ukraine

Mondelez's rivals including Nestle, the world's biggest food company, continue to sell their products in Russia. Food does not fall under international sanctions

Asian stocks gain, yen stable, dollar drifts as inflation tests await

A downward revision to consumer spending meant the US economy grew more slowly than expected in the first quarter, data showed on Thursday

15 succumb to suspected heatstroke in Bihar, Odisha over 24 hours

The Odisha government has prohibited outdoor activities for its employees between 11 am and 3 pm when temperatures peak