Page 119 - Reuters

Services sector growth steady in May as demand remains strong, shows PMI

New business - a key gauge for demand - expanded at a sharp pace in May, largely aligned with growth rates seen from February through April

RBI likely to cut rates for third time as inflation stays below forecast

A strong majority of economists, 53 of 61, in a Reuters poll expect the Reserve Bank of India's monetary policy committee (MPC) to cut the repo rate to 5.75 per cent

Asian stocks edge up, dollar dips as traders brace for higher US tariffs

South Korea's stocks and its currency surged as liberal presidential candidate Lee Jae-myung's election victory raised hopes of swift economic stimulus

Ex-Kia India workers, scrap dealers face probe over theft of 1,008 engines

Though the engines were worth only $2.3 million, the police investigation noted the case had widespread impact on industrial operations, stakeholder trust and employment security

Global alarms rise as China's critical mineral export curbs takes hold

German automakers became the latest to warn that China's export restrictions threaten to shut down production and rattle local economies, following similar complaint from an Indian EV maker last week

Wall Street rises, dollar rebounds amid tariff talks, economic data

The Dow Jones Industrial Average rose 214.16 points, or 0.51 per cent, to 42,519.64, the S&P 500 rose 34.43 points, or 0.58 per cent, to 5,970.37 and the Nasdaq Composite rose 156.34 points

PM Narendra Modi's soaring Indian aviation ambitions face many headwinds

New Delhi says it wants India to be a job-creating global aviation hub along the lines of Dubai, which currently handles much of India's international traffic

HK Express airfares fall amid rising competition, aircraft issues: CEO

Many airlines, including HK Express and its low-cost rivals, are capitalising on the third runway that opened in November to add more flights

India may ease bank ownership rules as foreign interest, capital needs grow

Analysts say foreign banks are keen for deals in India, the world's fastest-growing major economy, especially as it angles for regional trade agreements

US pushes countries for best offers by June 4 as tariff deadline looms

In the draft, the US is asking countries to list their best proposals in a number of key areas, including tariff and quota offers for purchase of US industrial and agricultural products

China's factory activity contracts in May as US tariffs take a toll

Two weeks after a breakthrough trade truce, US Treasury Secretary Scott Bessent said Thursday that negotiations with China are "a bit stalled," signalling fresh uncertainty in the talks

Musk's xAI launches $5 billion debt sale, seeks $113 billion valuation

The debt sale, launched Monday, includes a term loan B, a fixed-rate term loan and senior secured notes, Bloomberg News reported

Ethiopian Airlines considering order for 20 regional jets, CEO says

"We are evaluating three aircraft models, the E-2 from Embraer, the A220 from Airbus, and the 737 MAX 7 from Boeing," CEO Mesfin Tasew Bekele said

No immediate impact from China's export curbs on magnets: Maruti Suzuki

Auto industry manufacturers told government officials last week that production could stall within days due to the curbs

Foreign investors return to Indian stocks on big ticket block trades

The block trades were well bought by overseas investors. They marked the highest monthly total in almost a year and a huge jump from only $220 million in April

Asian share markets, dollar cautious on tariff news, US jobs data

Markets will be particularly interested to see if Trump goes ahead with the 50 per cent tariff on Wednesday, or backs off as he has done so often before

Poland votes in tight presidential race between pro-EU, nationalist visions

Voting was due to end at 9 p.m. (1900 GMT), with exit polls published soon afterwards. The electoral commission says it hopes final results will be announced on Monday morning or early afternoon

Ukrainian spies hid drones in wooden sheds to attack Russian air base

The first round of the talks more than a week ago yielded the biggest prisoner exchange of the war - but no sense of any consensus on how to halt the fighting

IndiGo expands network with Air France-KLM, Virgin Atlantic, Delta deal

IndiGo has an extensive domestic network in India, the world's third-largest air passenger market, and is expanding its international reach

Trump, Xi likely to speak soon on minerals trade dispute, says Bessent

President Donald Trump on Friday accused China of violating an agreement with the US to mutually roll back tariffs and trade restrictions for critical minerals