Germany’s industrial production rebounded at a stronger-than-expected pace in January, but retail sales unexpectedly fell again indicating that private consumption could act as a drag on economic growth this year. Industrial production grew 3.5 percent on a monthly basis to offset the revised 2.4 percent decline in December, data from […]

Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA), citing implementation challenges. Sources said FPIs, through their custodians, were planning to approach the ministry, highlighting key concerns and seeking […]

SVB crisis: After the SVB was shut down by US regulators on Friday, the crypto market plunged deep into the red, but they had largely recovered by Tuesday. Raghav Aggarwal reports. The collapse of Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank in the US might create temporary liquidity […]

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as traders reacted to US Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee. Powell warned interest rates will likely remain higher for longer than previously expected to fight inflation. […]

GitLab Inc. (NASDAQ: GTLB) is tech’s most recent dumpster fire. As it reported earnings, its forecasts for the next fiscal year and quarter were light. The stock was pummeled after the earnings news, dropping 32% to $30. It traded at $70 last August. (Here are the 25 biggest product flops […]

Meta – the parent of Facebook and Instagram – will cut another 10,000 jobs and undergo a hiring freeze in what CEO Mark Zuckerberg is calling the ‘Year of Efficiency’ for the tech giant. In a further cost-saving measure, Meta will also close 5,000 open roles. Zuckerberg said the measures […]

Education ads are among the worst offenders when it comes to misleading claims. After keeping tabs on factual discrepancies, the Advertising Stand­ards Council of India (Asci) is now updating its guidelines for the sector to curb the tendency of such ads to perpetrate negative habits and stereotypes. The industry watchdog […]

In contrast with their strong performance in 2020 and 2021, pharmaceutical and healthcare funds experienced a decline in 2022, with returns plummeting by an average 9.8 per cent. This trend has continued in the current year, with year-to-date return remaining in the negative (-4.9 per cent). In the past three […]

China’s exports continued to decline at the start of the year, reflecting the challenges posed by the global economy that constrained the ability of Beijing to set robust growth target. Exports declined 6.8 percent in the January to February period from the same period last year, the General Administration of […]

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from global markets overnight, amid optimism that the US Fed is close to finishing its aggressive interest rate hikes. Traders also await the congressional testimony from Fed chair Jerome Powell for fresh insights on whether cooling inflation […]