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IndInfravit to buy 5 Indian road projects from Brookfield in $1.2 bn deal

India-based infra company Indinfravit is currently obtaining five Indian road projects from Canada-based major construction company Brookfield for a whopping $1.2bn

Wall Street ends down sharply as inflation data intensifies investor fears

The Dow Jones Industrial Average fell 882.47 points, or 2.73%, to 31,395.72

US inflation surges to 41-yr high of 8.6%; stocks fall sharply, crude dives

The faster-than-expected increase in inflation last month reported by the Labor Department on Friday also reflected a surge in rents, which increased by the most since 1990

NASA to form scientific team to study UFOs, spend up to $100,000

A team of scientists is due to be convened by the fall, then will spend roughly nine months developing a public report on its findings

Aluminium prices hit near 6-month low on China lockdowns, growth fears

Three-month aluminium on the London Metal Exchange (LME) slid 2.8% to $2,685 a tonne by 1400 GMT after touching the lowest since December last year

US to drop Covid-19 testing for incoming international air travelers

The Biden administration will announce it will no longer require pre-departure Covid-19 testing.

Gold investors cautious ahead of US inflation driving Fed Reserve policy

Gold Investors are looking cautiously into the US inflation data which will impact the US federal reserve's policy coming in soon

Indian oil firms to compensate ethanol makers for energy costs: Report

Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production, according to a letter.

Japanese yen jumps after govt, central bank sound intervention warning

Japan's yen has been battered by traders wagering that BOJ will stick with its ultra-accommodative policy stance just as the Fed and other central banks accelerate their tightening to tame inflation

High prices drag India discounts to 7-week low; China demand sluggish

High prices have slumped Indian discounts and the Chinese market has also remained unpromising for the time being

Britain plans to investigate Apple, Google's mobile browser dominance

The Competition and Markets Authority (CMA) said on Friday it was also taking enforcement action against Alphabet Inc's Google over its app store payment practices

Global investment banking faces tougher times after blockbuster year

Russia's invasion of Ukraine and significant monetary tightening have led to volatile trading in financial markets this year

Indian oil firms to compensate ethanol makers for higher energy costs

Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production

Explained: Why India holds the key to global rice market outlook

Monsoon rains determine the size of India's rice crop, and plentiful rains this year would help it maintain its preeminent position in the global rice trade

IAEA warns of 'fatal blow' to nuclear deal as Iran removes cameras

Iran had warned of retaliation if the IAEA's 35-nation Board of Governors passed a resolution drafted by the United States, France, Britain and Germany criticising Tehran

Japan biz community seeks relaxation of border controls as Covid curbs ease

Japan began a phased reopening to tourists on Friday after a more than two-year ban

Wage cost inflation may moderate IT players' profit margins by 1.5%

The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most IT companies in FY22

Ukraine's Zelensky imposes sanctions on Putin and top Russian officials

The sanctioned officials included Putin's spokesman Dmitry Peskov, Prime Minister Mikhail Mishustin, veteran Foreign Minister Sergei Lavrov and Defence Minister Sergei Shoigu.

US household wealth declines for first time in 2 years in 1st quarter

US household wealth has declined by more than $500 billion from record figures of previous year

IMF hopes to mobilise as much funding as possible to help Ukraine

The Kyiv School of Economics estimated in late May that the physical infrastructure damage already exceeded $105 billion