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Asian shares hit 15-mth high ahead of highly anticipated US inflation data

MSCI's broadest index of Asia-Pacific shares outside Japan climbed slightly and hit its highest since early 2023

How hard will Biden-led new US tariffs hit China EVs, other exports?

The impact on Chinese industries, however, is expected to be limited

Wheat stocks in govt warehouses at 16-year low after record state sale

At the start of the month wheat reserves in state stores totalled 26 million metric tons, down from 29 million metric tons in May 2023, according to the state-run Food Corporation of India

Banks' underwriting standards at risk amid consumer loan growth: Fitch

Indian banks have reported strong loan growth over the last few quarters, boosted by consumer spending amid firm economic growth

OpenAI unveils free model GPT-4o that can interact with visual, audio, text

OpenAI's chief technology officer, Mira Murati, said during a livestream event that the new GPT-4o model would be offered for free because it is more efficient than the company's previous models

SoftBank's Q4 profit hits $2.11 bn in sign of comeback gaining steam

Monday's result marks the second straight quarter of profit for SoftBank, although for the full year the company remained in the red

Realty firm Shapoorji group seeks more time to clear bondholder payments

The company is required to pay around 1,400 crore rupees ($167.62 million) to bondholders of Goswami Infratech when it services the debt of another group company Sterling Investment Corp

UBS CEO warns about risk of delays to tech integration with Credit Suisse

UBS is integrating 300 of 3,000 Credit Suisse applications and the bank is trying to reduce the risks for clients as it combines platforms, he said

Gold declines as traders await key US inflation data for more rate cut cues

Spot gold fell 0.7% to $2,342.95 per ounce by 1442 GMT. It had hit its highest level since April 22 on Friday

Brent crude oil hovers above $83 as inflation data takes centre stage

Brent crude futures were up 55 cents at $83.34 a barrel by 1239 GMT. U.S. West Texas Intermediate crude futures rose 62 cents to $78.88

Jindal Steel Q4 results: PAT at Rs 933 cr, up 100.2%; revenue falls 1.4%

Its net revenue fell 1.4% to Rs 13,521 crore on lower steel prices, making this tycoon Naveen Jindal-led steelmaker's smallest revenue fall in five quarters

Pakistan PM Sharif approves $86 mn grant for Kashmir region after protests

A police official was killed and over 90 people injured when thousands of people clashed with police in the region over the weekend, said Shah Nawaz, a local government official

LS polls enter fourth phase as rhetoric over religion, inequality sharpens

The world's most populous nation began voting on April 19 in a seven-phase election in which nearly one billion people are eligible to vote, with ballots set to be counted on June 4

Russian air defence system downs Ukraine-launched missiles, 31 drones

On Sunday, 15 people were killed in Belgorod when a section of an apartment block collapsed after being struck by fragments of a Soviet-era missile, launched by Ukraine and shot down by Russian forces

Bond yields expected to trend lower after second government buyback

India will report consumer price inflation data today

China to kick off long-awaited $138 bn stimulus bond issues this week

Market participants have been waiting for weeks for details of the issuance pipeline of these special treasury bonds

France gets $16 bn in foreign investments as part of 'Choose France' event

That amount represents an increase from last year's summit, which brought in 13 bn euros

Asia stocks brace for US inflation test, Chinese data to test optimism

There are also reports Chinese authorities are laying the groundwork for a sale of 1 trillion yuan ($138.39 billion) in longer-dated bonds to help fund stimulus spending at home

Before global scrutiny, Indian spice maker MDH faced several US rejections

Hong Kong suspended sales last month of three spice blends made by MDH and one by another Indian company, Everest, for apparently containing high levels of a cancer-causing pesticide

Pfizer, AstraZeneca announce new investments of nearly $1 bn in France

Their investment pledges came as President Emmanuel Macron prepared to kick off on Monday the annual 'Choose France' event aimed at wooing big overseas businesses and investors