Page 678 - Reuters

Interest rate hikes will come at a 'careful pace' from here: Fed's Powell

Powell did not specify his own view on when and how high rates should move. Most policymakers see at least two more quarter-point rate increases by the end of this year

Warren Buffett donates Berkshire Hathaway's 4.64 bn stock, totals $51 bn

Buffett is donating 10.45 million shares to the Bill & Melinda Gates Foundation, which has received more than $39 billion of Berkshire stock overall

World Bank unveils debt payment pause, IMF touts $100 bn for poorest

An announcement about Zambia's debt was also expected later on Thursday after its creditors indicated this week a restructuring proposal was nearly ready after more than two years of negotiations

Türkiye delivers 650-basis point hike to 15% but still underwhelms

The move suggested that the new central bank governor may have limited room to aggressively tackle inflation under the watch of the country's president

Why GE plan to make fighter jet engines in India a big deal: Details here

The announcement was timed to coincide with Indian Prime Minister Narendra Modi's landmark visit to the United States this week

Group backed by Vikram Solar to invest $1.5 bn in new US factories

The announcement is the latest by an overseas manufacturer seeking to capitalize on incentives in President Joe Biden's landmark climate change law, the Inflation Reduction Act (IRA)

US jobless claims hold steady at 20-month high, current account gap widens

Data from the Bureau of Labor Statistics on Thursday showed 264,000 new claims were filed for jobless benefits on a seasonally adjusted basis in the week ended June 17

MPC minutes: RBI members diverge on further rate hikes amid growth risks

The RBI in its policy also brought back the focus on 4% as the medium term target of the MPC and not just the 2-6% band

Deutsche Bank plans to cut 10% of 17k German retail jobs to curb expenses

The plans at Germany's largest bank come as Claudio de Sanctis prepares to take over the retail unit, known as the private bank division, on July 1

Applied Materials to invest $400 mn in India for new engineering center

Indian Prime Minister Narendra Modi had met with the company's CEO Gary Dickerson in Washington on Wednesday and invited Applied to strengthen the chip industry in the country

VSK Energy backed by Vikram Solar to invest $1.5 bn in new US factories

The newly formed company, VSK Energy LLC, aims to leverage India's extensive solar manufacturing know-how in the U.S. push to build a clean energy manufacturing sector to compete with China

Accenture forecasts fourth-quarter revenue below Wall Street estimates

Shares of the company were down 2% in trading before the bell

Bank of England hikes rates to 5% to tackle inflation, highest since 2008

MPC members Silvana Tenreyro and Swati Dhingra opposed the rate rise - as they have all others this year - saying that much of the impact of past tightening had yet to be felt

GE signs MoU with HAL to make fighter jet engines for Indian Air Force

The development comes at a time when Indian Prime Minister Narendra Modi is on an official state visit to the United States

Musk eager to bring Starlink to India, but faces resistance from Ambani

Following a meeting with Indian Prime Minister Narendra Modi in the U.S. on Tuesday, Musk said he was keen to launch Starlink in India which "can be incredibly helpful" in remote villages

Musk eager to bring satellite broadband 'Starlink' to India, Ambani resists

Starlink is at odds with Reliance over the government's distribution of satellite broadband spectrum, setting the stage for a battle between two of the world's richest men for satellite services

Brent crude falls 0.6% to $76.65 with interest rates, inventories in focus

By Shadia Nasralla

Rupee likely to strengthen to 80-per-dollar in 2024: BofA India treasurer

The rupee is up nearly 1% against the dollar so far this year against depreciation in most other Asian currencies

Govt likely to offer assured base pension in compromise with states: Report

The Ministry of Finance, in a response after the report was published, denied that any such a decision has been taken

Beijing breaches 40 deg C for first time in 9 yrs as heatwaves return

Last week, national weather bureau issued an alert for heat stroke, almost a fortnight earlier than in previous yrs, as new record temperatures for the month of June assailed cities across north China