BENGALURU: Asian currencies eked out modest gains on Wednesday while stocks were mixed as investors braced for a key US inflation reading that will likely influence the Federal […]
S&P 500, Nasdaq at record highs as lukewarm inflation fuels rate-cut bets – Markets
NEW YORK: The benchmark S&P 500 and the Nasdaq touched record highs on Wednesday after a lower-than-expected increase in a key inflation metric buttressed hopes that the Federal […]
ABS labour force: Red-hot labour market eases through April
A sharp rise in the number of people in search for work caused the unemployment rate to return to a two-year high last month, adding to evidence of […]
Govt seeks 25pc hike in electricity tariff – Business
ISLAMABAD: The government has formally sought about a 25 per cent increase in the base national electricity tariff to become effective from July 1, 2025, to secure a […]
Asian stocks up on CPI cheer; weak Japan GDP, China caution limit gains By Investing.com
Investing.com– Most Asian stocks rose on Thursday tracking overnight record highs on Wall Street after some soft consumer inflation readings ramped up bets on interest rate cuts in […]
US Inflation Data Was Accidentally Released 30 Minutes Early
(Bloomberg) — The US Bureau of Labor Statistics inadvertently published Consumer Price Index data 30 minutes early on Wednesday, raising fresh questions about how the agency releases some […]
CPPA seeks Rs5/unit hike in basic power tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) will take up the Central Power Purchasing Agency’s (CPPA) petition seeking Rs5 per unit hike in basic power tariff, on […]
Japan economy suffers worse-than-expected contraction of 0.5%
Japan’s economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government. Gross domestic product in the world’s […]
Asian markets track Wall St records after US inflation data – Markets
HONG KONG: Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year. The […]
Innovative aviation liquid hydrogen project launched
Brussels, 16 May 2024 – An innovative aviation hydrogen handling and refuelling project, led by Airbus and supported by academic partners, airport operators and leading hydrogen-industry companies, has been […]