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Foreign currency account usage widens at GIFT City, boosts biz prospects

Latest changes, announced by RBI in a circular late allow Indian investors to use GIFT City as a route for more overseas spending and investments

Why has China's central bank introduced a new cash management tool?

The central bank has sounded warnings and introduced a flurry of measures, including plans to sell treasury bonds, to cool a long-running bond rally

What explains Japanese government's non intervention to support yen?

Massive interest rate differentials between the U.S. and Japan have been weighing the yen down, putting monetary policy at the centre of the currency's woes

Govt bond yields flat, traders eye crucial US inflation data for cues

On Wednesday, the Federal Reserve Chair Jerome Powell said he was not yet ready to declare victory over inflation but felt that the economy is on a stable path to steady prices

Donald Trump to address Bitcoin 2024 conference in Nashville on July 27

Trump presented himself during a San Francisco fundraiser in June as a champion for cryptocurrencies and slammed Democrats' attempts to regulate the sector

European carbon removal specialists to support new projects in India

Indian projects are expected to focus on biochar - charcoal produced from burning organic matter - as well as "enhanced weathering", where materials like basalt are spread across land to absorb CO2

China coal generation share at record low in May as renewables hit highs

Increased renewable generation led carbon dioxide emissions from the power sector, which make up some 40 per cent of China's overall emissions, to fall by 3.6 per cent in May

Nato summit: US to deploy potent missiles in Germany, bolster Ukraine

The move would have been banned under the Intermediate-Range Nuclear Forces Treaty signed by the US and the Soviet Union in 1987 but that collapsed in 2019

US regulators fine Citigroup $136 mn for failing to address data issues

The fines are the latest blows for CEO Jane Fraser as she tackles the bank's regulatory failings

Microsoft in $22 mn deal to settle cloud complaint, ward off regulators

Microsoft ranks behind market leader Amazon in the multibillion-dollar cloud computing sector but ahead of Alphabet's Google

Nato condemns China's Russia support, backs full Ukraine integration

The alliance is also concerned by developments in China's space capabilities and activities and urges Beijing to engage in strategic risk reduction discussions, the draft said

Spirits set to overtake wine as global drinking habits take a turn

Trends, including a shift towards drinking fewer, more expensive drinks, notably a growing range of cocktails, have seen spirits displace wine

Govt allows FCI to sell wheat from stocks to flour millers, biscuit makers

Last year, FCI began selling wheat to private players in June. It sold a little more than 10 million metric tons in the fiscal year to March 2024, a record sale from state reserves

Saudi Arabia raises $12.35 bn from Aramco share sale after increasing offer

Aramco's shares have risen 3.3 percent since the offering last month

Official employment data masks India's jobs problem, say economists

The jump in employment cannot be equated to the creation of formal jobs with regular wages

N Korea balloons, GPS interference raise safety risks for S Korean airspace

Hundreds of balloons landed in the South during seven waves between May 29 and June 27, including one on a runway at Incheon airport

Microsoft ditches board observer seat at OpenAI amid regulatory scrutiny

iPhone maker Apple had also been expected to take an observer role on OpenAI's board but would not do so

China's June consumer inflation misses expectations amid weak demand

Beijing has sought to revive consumption after a stuttering post-Covid recovery, but concerns are lingering over more fundamental issues including a protracted housing downturn

Consumer price inflation seen up in June due to soaring vegetable prices

Prices of tomatoes, onions, and potatoes - staples in every Indian kitchen - surged by double digits last month as extreme heat, heavy floods in northern states disrupted agricultural production

Unsure of Trump's actions if re-elected in US elections: Zelenskiy

Zelenskiy, speaking in Washington as world leaders gather for this week's Nato summit, said he hoped Trump would not quit the 75-year-old Nato alliance