German Industrial Output Recovers; Retail Sales Unexpectedly Fall

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 […]

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FPIs seek six more months from FinMin to comply with PMLA tweaks

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 […]

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Asian Markets Track Global Markets Lower

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. […]

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GitLab’s Horrible Management

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 […]

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Asci seeks feedback on updating guidelines for education ads

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 […]

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China Exports Continue To Fall On Weak Global Demand

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 […]

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Asian Markets Mostly Higher

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 […]

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