Sat, 25 Mar 2023

Wall Street gives up early gains to cloe moderately higher

NEW YORK, New York - As concerns over the banking sector eased, U.S. stocks moved moderately higher on Thursday, but ...

Mexico to become EV production hub despite low local demand

MEXICO CITY, Mexico: Amid Tesla's plan to open a $5 billion Gigafactory in the country, Mexico will soon become an ...

U.S. stocks tumble as UK inflation rate spikes to 10.40 percent

NEW YORK, New York - A hike in official U.S. interest rates of 0.25 percent, and a jump in inflation ...

Amazon to cut 9,000 jobs, bringing total layoffs to 27,000

SEATTLE, Washington: In a memo to staff sent this week, Amazon CEO Andy Jassy said the company plans to cut ...

Defective break hose, wiper arm causes Ford recall of 1.5 million cars

DETROIT, Michigan: Due to leaking brake hoses and windshield wiper arms that can break off, Ford is recalling more than ...

Techs jump in widespread U.S. stock markets advance

NEW YORK, New York - Wall Street continued its advance on Tuesday as investors continued to weigh up the health ...

Banks rebound lifting U.S. stock markets, Nasdaq gains 45 points

NEW YORK, New York - U.S. stocks rallied on Monday following the weekend buy-in of Credit Suisse by UBS, which ...

US loans $300 billion to banks following closing of SVB bank

WASHINGTON D.C.: The US Federal Reserve Bank has announced that cash-strapped banks throughout the US borrowed some $300 billion during ...

Deloitte agrees to pay $31 mln fine to China after mistakes in audit

BEIJING, China: Following the inability of China Huarong Asset Management Co Ltd to release financial reporting obligations in 2020, China ...

UBS to buy Credit Suisse for fraction of its value, Swiss government to underwrite losses

ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...

SpaceX, Netflix, Boeing join largest US business mission to Vietnam

HANOI, Vietnam: SpaceX, Netflix and Boeing will join what is described as the "biggest-ever" U.S. business mission to meet in ...

NCAA Tournament roundup: OT win sends K-State to Elite Eight

Fighting through a second-half ankle injury, Markquis Nowell put up 20 points and an NCAA Tournament-record 19 assists to lead ...

Indian stock indices extend losses, fall marginally Friday

New Delhi [India], March 24 (ANI): Indian stocks extended their losses from the previous session and opened marginally lower on ...

Senators' scoring binge dumps skidding Lightning

Ottawa's Alex DeBrincat had two goals and an assist, Brady Tkachuk scored twice, and the Senators pounded the visiting Tampa ...

Markquis Nowell carries K-State past Michigan St. to Elite Eight

NEW YORK -- Kansas State's Harlem-raised players reveled in the bright lights of Madison Square Garden. Thanks to them, the ...

Why mortgage rates will not return to recent lows any time soon

The Bank of England base rate has increased steeply from 0.25% in January 2022 to 4.25% in March 2023. More ...

US economy heading for train wreck, billionaire warns

Continued interest rate hikes by the Fed could worsen the banking turmoil, according to Bill AckmanThe US economy is facing ...

Indian stocks close in red on continued US Fed's interest rate hike

New Delhi [India], March 23 (ANI): Indian stocks settled lower on Thursday in line with weakness in the US markets, ...

Saudi Arabia refuses 'easy money' to Pakistan

Riyadh [Saudi Arabia], March 22 (ANI): Saudi Arabia is no longer willing to bail out Islamabad and refused to provide ...

Russia lifts veil on gold holdings

The country's bullion stockpile has continued to grow over the past year, according to the central bank's first public report ...

Greater risk of rupee weakness; RBI could press hard on brakes: Moody's

New Delhi [India], March 23 (ANI): The risk of weakness in currencies in the emerging economies in Asia is worrisome, ...

US Fed further hikes interest rate in fight against high inflation

Washington [US], March 23 (ANI): The US monetary policy committee, seeking to achieve maximum employment and inflation at the rate ...

Indian stocks decline on US central bank's continued interest rate hike

New Delhi [India], March 23 (ANI): Indian stocks fell Thursday during the morning trade in line with weakness in the ...

Gold jumps as US Fed signals rate-hike pause imminent

WORLD CAPITALS, 22nd March, 2023 (WAM) -- Gold prices climbed on Wednesday after the U.S. Fed toned down its aggressive ...

Gulf banks raise interest rates following US Federal Reserve hike

ABU DHABI, 22nd March, 2023 (WAM) -- The central banks of Saudi Arabia, Bahrain and Qatar raised their benchmark borrowing ...

US stocks, treasury yields retreat as Fed signals pause in rate hikes

NEW YORK, 22nd March, 2023 (WAM) -- US stocks retreated from near two-week highs on Wednesday after the Federal Reserve ...

Dow sinks 530 points after Fed rate hike

© Provided by Xinhua Fed Chair Jerome Powell said the rate-setting committee considered a pause in rate hikes in light ...

US Fed Raises Key Rate by Quarter-Point Despite Bank Turmoil

WASHINGTON - The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by ...

Scotland: 25 people injured after ship tips over at Edinburgh dockyard

Edinburgh [Scotland], March 22 (ANI): More than two dozen people were injured on Wednesday after a ship containing passengers partially ...

Another 50 US banks could fail ex-Lehman VP

The former senior executive says the Fed must cut rates and guarantee deposits held by regional lendersThe banking crisis could ...

Another 50 US banks could fail ex-Lehman banker

Former Lehman Brothers executive says the Fed must cut rates and guarantee deposits held by regional lendersThe banking crisis could ...

UP CM performs 'puja' at Maa Pateshwari temple on first day of Chaitra Navratri

Lucknow (Uttar Pradesh) [India], March 22 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath visited, worshipped and offered prayers at Maa ...

Google releases Bard to compete with ChatGPT

New York [US], March 22 (ANI): Google is opening up access to Bard, its new AI chatbot tool that directly ...

Key indices surge tracking strong global cues; Fed meeting in focus

Mumbai (Maharashtra) [India], March 22 (ANI): Key indices of domestic equity markets surged on Wednesday morning, tracking strong cues from ...

Russia ready to switch to yuan in foreign trade Putin

Settlements between Moscow and Beijing are already carried out mostly in national currencies, the Russian president saysRussia is ready to ...

Political, financial, humanitarian crises put Pakistan on brink

Islamabad [Pakistan], March 21 (ANI): Problems for financial crisis-ridden Pakistan are likely to aggravate in near future due to the ...

Indian stocks in green with focus on US monetary policy outcome

New Delhi [India], March 21 (ANI): Benchmark stocks in India closed Tuesday's trade in the green tracking positive overnight gains ...

Hong Kong remains most expensive location in Asia for business travel

Hong Kong, March (ANI): In spite of depressed demand for business travel to Hong Kong in 2022, it remained the ...

Rebound in global equities lifts Sensex up 248 pts in morning trade

Mumbai (Maharashtra) [India], March 21 (ANI): Domestic equity markets opened with gains on Tuesday, tracking stronger global cues. There is ...

Carter Verhaeghe scores twice to power Panthers past Wings

Carter Verhaeghe scored two goals to lead the Florida Panthers to a 5-2 road win over the Detroit Red Wings ...

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Demand for US flights to Europe jumps 37%, prices also rise

LONDON, England: Despite rising air fares, a potential global economic recession and risks of gridlock at some airports in Europe ...

U.S. says businesses receiving federal funds cannot work with China

WASHINGTON D.C.: The US Commerce Department has proposed new laws aimed at preventing China and other countries deemed of concern ...

Wall Street gives up early gains to cloe moderately higher

NEW YORK, New York - As concerns over the banking sector eased, U.S. stocks moved moderately higher on Thursday, but ...

Mexico to become EV production hub despite low local demand

MEXICO CITY, Mexico: Amid Tesla's plan to open a $5 billion Gigafactory in the country, Mexico will soon become an ...

France says fishermen must end deaths of dolphins-porpoises in nets

PARIS, France: Amidst the mass deaths of dolphins and porpoises in recent years, France's highest administrative body has ordered the ...

Philippines finds leaking fuel tanker 3 weeks after sinking

MANILA, Philippines: An underwater robot from Japan has located a leaking fuel tanker, MT Princess Empress, which sank off the ...

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Abbott Ireland announces expansion plans, new jobs

DONEGAL, Ireland - Announcing plans to expand its workforce in Donegal, the U.S. healthcare giant Abbott unveiled plans to create 500 new jobs in the country.Abbott Ireland currently hires c ...

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