Economy & Policy

Global tech stocks surge as US rally triggers a rush for winners Synopsis The MSCI Japan IT index has surged 36% so far this year, while the MSCI Taiwan and Europe IT indices have rallied 30% and 25%, respectively. The MSCI Korea IT index…
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Rupee opens higher against US dollar The Indian rupee opened marginally higher against the US dollar tracking gains in local equities and Asian currencies markets. The Indian rupee opened marginally higher against the US dollar tracking…
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U.S. leading indicators point to recession starting soon An index designed to track turns in U.S. business cycles fell for the 15th straight month in June, dragged down by a weakening consumer outlook and increased unemployment claims,…
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Business Highlights: Americans bump up spending in June; US firms helped keep Russian oil flowing Americans bump up spending in June as inflation eases in a strong jobs market NEW YORK (AP) — Americans increased their spending last…
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US stocks rally as recession fears ease and investors look to upcoming Big Tech earnings US stocks finished higher on Monday as fears of a US recession eased on Wall Street. The odds of a recession in the next 12 months have fallen to 20%…
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Meet Shamina Singh, US President Joe Biden's latest appointee on his Export Council Singh serves as the Executive Vice President of Sustainability at Mastercard and is a member of the company's Management Committee. Singh becomes…
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Americans’ wages are finally outpacing inflation. Here’s why it may not last Minneapolis  CNN—US wages have been on the rise, but it sure hasn’t felt like it. For more than two years, persistent and pervasive inflation has taken…
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China using coercive business practices for economic advantage: US The diplomatic relations between China and US have been downgraded since the Chinese spy balloon incident Chinese Communist Party is using coercive economic practices to…
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US restrictions to undermine efforts to ease tensions with China: Report The looming restrictions were discussed during US Treasury Secretary Janet L Yellen's meetings with senior Chinese officials during her recent visit to China,…
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Oil Prices Surge as US Inflation Data Eases Concerns Oil prices settled higher on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since May, after U.S. inflation data spurred hopes the Federal Reserve may…
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