Category: Business

The eurodollar and Fed funds markets, which track short-term interest rate expectations, on Wednesday reduced bets on the time frame of a potential tightening by the U.S. Federal Reserve after it dampened expectations of an early move. Trading has been Read more

The U.S. economy is heading for its strongest growth in nearly 40 years, the Federal Reserve said on Wednesday, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation. “Strong data Read more

A lawyer for Huawei Chief Financial Officer Meng Wanzhou charged in court on Wednesday that Canadian police witnesses gave “less than truthful” testimony when confronted with alleged abuses of process during her extradition hearings. The allegation was part of a Read more

BlackRock on Thursday warned companies that rely on nature or have an impact on natural habitats to publish a “no deforestation” policy and their strategy on biodiversity or face pushback from the asset manager at their annual meetings. The world’s Read more

Nikola Corp said on Wednesday that South Korea’s Hanwha Corp has decided to sell up to half of its stake this year, setting out to reduce its bets on the prospects of the electric-truck maker.7 Green Nikola Holdings, a subsidiary Read more

Chinese regulators recently summoned 11 domestic technology companies including Alibaba Group, Tencent and ByteDance for talks on use of ‘deepfake’ technologies on their content platforms, stepping up scrutiny of the sector. China’s cyberspace administrator said in a statement on Thursday Read more

Gold rates surged by Rs 32 on Friday, March 19, for 1 gram as the price of the same quantity of 22-carat gold stood at Rs 4,428 from the previous rate of Rs 4,396. According to Good Returns, the price Read more