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British businesses keep up recovery but prices still a worry, shows PMI

Closely watched by the BoE ahead of its 1200 GMT interest rate decision, the S&P Global Composite Purchasing Managers' Index (PMI) inched down to 52.9 in March from 53.0 in February

'Lenders to chase corporate bonds as new investment rules kick in'

Currently banks can hold up to 23% of their deposits under HTM as investments in government bonds and state debt and this cap will be removed in April

India's March business activity ends fiscal year on strong note: PMI

HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 61.3 this month from February's final reading of 60.6

Here's how the US lobbied India to reverse laptop licensing policy

US officials have often been concerned about India's sudden policy changes which they say create an uncertain business environment

Defunct SVB Group to sell Indian subsidiary to First Citizens Bancshares

SVB Financial Group is currently seeking approval from a bankruptcy court, with a hearing scheduled for April 9. The company anticipates that the transaction will close after this hearing

US Fed keeps key rates unchanged at 5.25%-5.5% for 5th straight meeting

Fed still expects three rate cuts in 2024 despite sticky inflation, stronger economy

Boeing must improve quality before boosting 737 MAX production, says FAA

Boeing's chief financial officer, Brian West, said last month that the planemaker's first-half output of 737 planes would be less than 38 per month

China's central bank leaves benchmark lending rates unchanged, as expected

China has set an economic growth target of "around 5%" for 2024, a rate that economists say is ambitious and calls for more stimulus, including monetary and fiscal easing

China launches signal relay satellite for mission to far side of moon

The moon's near side always faces Earth. That means data transfers from the far side are impossible as there is no direct line of sight

Tencent's Oct-Dec results: Revenue at $21.56 billion, misses estimates

The world's largest video game company and operator of the WeChat messaging platform reported revenue of 155.19 billion yuan ($21.56 billion) for the three months ended Dec. 31

Prabowo Subianto wins Indonesia's presidential election, says poll body

Prabowo is expected to take over from outgoing President Joko Widodo in October. He is expected to speak later on Wednesday

Boeing 737 MAX deliveries on track as Akasa goes international: CEO Dubey

Akasa's current fleet includes 24 Boeing aircraft of the total 226 it has on order which are expected to be delivered over 8 years. Dube declined to give a year-wise breakup

Apple CEO Tim Cook visits Shanghai, with China sales under pressure

His visit comes after the iPhone maker announced that it would open a new retail store in the heart of the Chinese financial hub on Thursday

Offshore funds need not disclose investors in certain cases, says Sebi

In making the exemption, SEBI said the stock exchanges will have to identify the companies with no large shareholder or promoter

Bond yields changed little ahead of US Federal Reserve's rate decision

The benchmark 10-year yield ended at 7.0918%, following its previous close of 7.0981%

February crude oil imports from Russia edged up from January trade

The world's third biggest oil importer and consumer, India has been gorging on Russian oil since the West imposed sanctions on Moscow for its invasion on Ukraine in February 2022

PM Modi shows confidence about LS polls; asks ministries for 5-yr goals

The March 11 document says Modi asked all departments to prepare five-year action plans as part of his goal to lift India to a fully developed country by 2047 from middle-income levels.

Sponge iron producers urge govt to impose duties to curb iron ore exports

India, the world's biggest sponge iron producer, has about 336 sponge iron plants spread across the country

Top Canadian pension funds invest $438 million in Indian highways trust

The investments come as India, where general elections commence next month, has been seeing continued momentum in pre-poll government spending

IMF reaches staff-level agreement with Pakistan to disburse $1.1 billion

The funds are the final tranche of a $3 billion last-gasp rescue package Pakistan had secured last summer, which averted a sovereign debt default. Islamabad is also seeking another long-term bailout