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UK's new finance minister accuses last govt of multi-bn pound 'cover-up'

On becoming finance minister, Reeves ordered officials to conduct a fresh assessment of public funding needs which she will present to Parliament on Monday

Venezuelans await presidential results after quarter-century socialist rule

Gonzalez has won backing even from some former supporters of the ruling party, but the opposition and observers raised questions ahead of the vote as to whether it would be fair

Yen eases after demands sap, Nikkei jumps amid central bank meetings loom

Speculation has grown that the Bank of Japan will raise interest rates on Wednesday at the same time as significantly reducing its monthly bond purchases

Asia shares rebound, hoping for dovish Fed guidance for a Sept rate cut

The Bank of Japan also meets Wednesday and markets imply a 70% chance it will hike rates by 10 basis points to 0.2%, with some chance it could move by 15 basis points

Ola Electric's IPO to attract investor bids from Fidelity, Nomura

Ola Electric's roughly $740 million IPO will open this week and will be the first by an Indian electric vehicle maker

Ola Electric sets price band of Rs 72-76 per share in one of biggest IPO

Ola Electric's roughly $740 million IPO will be the first by an Indian electric vehicle maker

Japan's Mitsubishi Motors set to join Honda-Nissan alliance: Report

Nissan and Honda said in March they were considering a strategic partnership to collaborate on producing electric vehicle components and artificial intelligence in automotive software platforms

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion

Ola is planning the IPO at a lower valuation to ensure higher participation from investors bidding for the IPO shares

RBI slaps fine of Rs 2.4 crore on Visa for unauthorised payment method

The central bank has aimed to tighten scrutiny of the processes followed by financial technology, or fintech, companies

US inflation data lifts global stock markets, lowers Treasury yields

The data likely sets the stage for the Fed to begin cutting rates in September, as the market widely expects

With $38.5 mn, Marvel's 'Deadpool & Wolverine' sets opening day record

The early returns, a record for an R-rated movie, suggest Disney will enjoy its second hit in a row in a turnaround for its movie division

China's ultra-long treasury bonds' use fuels expectations for more stimulus

After unshackling the economy from three years of Covid-19 restrictions, Chinese officials had hoped that stimulating the industrial sector would stabilise the job market

US inflation rises moderately, consumer spending cools before Fed's meet

The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May, the Commerce Department's Bureau of Economic Analysis reported

Apollo Funds to buy IGT's gaming, digital business, Everi in $6.3 bn deal

The deal, subject to regulatory approvals and approval by Everi stockholders, is expected to be completed by the end of the third quarter of 2025

IndiGo Q1 FY25 results: Net profit declines 11.7% on higher expenses

India's largest airline by market share posted a profit of Rs 2,727 crore ($326 million) for the three months ending June 30, compared with Rs 3,087 crore a year earlier

Govt to push forward IDBI Bank stake sale after RBI key clearance

The Reserve Bank of India has indicated completion of its fit and proper vetting of potential bidders of IDBI Bank, said Tuhin Kanta Pandey, the country's secretary responsible for the stake sale

Shriram Finance Q1 result: Net profit up 18% at Rs 1,981 cr on loan demand

Shriram Finance's earnings were boosted by higher commercial vehicle sales - which form its biggest financing segment, along with strength in farm equipment and small business credit segments

Sanctioned Iranian crude oil finds new markets in city of Dalian in China

Analysts estimate China imported 1.2-1.4 million bpd of Iranian crude during the period. Vortexa said the imports hit a record 1.52 million bpd last October

Bangladesh quells protests against job quotas but anger, discontent remain

The protests, which started in universities and colleges earlier this month, quickly turned into a more widespread agitation against Hasina and her government

Pakistan using terrorism, proxy war to stay relevant, says PM Modi

The nuclear-armed South Asian neighbours share an uneasy relationship and India has, for decades, accused Pakistan of backing Islamist militants fighting its rule in Kashmir