Indian shares ended a choppy session marginally higher on Wednesday, after having fallen sharply in the previous session. A cautious undertone prevailed due to rising oil prices and anxiety ahead of the Federal Reserve\'s highly anticipated monetary policy announcement later in the day. A stronger dollar and elevated yields weighed on risk appetite as market...
JetBlue Airways has decided to cut many unprofitable routes, including from Los Angeles, and ending services to many cities as part of the carrier\'s latest efforts to cut costs, reports said citing a memo to staff. The news comes as the loss-making airline is under increased pressure to cut its expenses and return to profitability...
The Biden Administration announced Wednesday that Intel Corp. (INTC) and the U.S. Department of Commerce have signed a non-binding preliminary memorandum of terms (PMT) for up to $8.5 billion in direct funding to Intel for commercial semiconductor projects under the CHIPS and Science Act. The proposed funding would help advance Intel\'s critical semiconductor manufacturing and...
UK consumer price inflation weakened to the lowest in nearly two-and-a-half years in February on easing food price inflation, official data showed ahead of the Bank of England\'s monetary policy announcement this week. The consumer price index registered an annual growth of 3.4 percent, slower than the 4.0 percent rise in January, the Office for...
French Competition Authority, The Autorite de la concurrence, said it has fined Alphabet Inc. and Google LLC 250 million euros for non-compliance with some of its commitments with news publishers. The fine is related to breaches linked to EU intellectual property rules. It was reported that Google failed to keep its commitments to negotiate deals...
Biotechnology company Cabaletta Bio, Inc. (CABA) announced that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to CABA-201, a 4-1BB-containing fully human CD19-CAR T cell investigational therapy, for the treatment of systemic sclerosis (SSc). CABA-201 is in development as a potential treatment for autoimmune diseases driven by B cells. The...
Extending the slight gains in the previous session, the Australian stock market is marginally higher in choppy trading on Tuesday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying just below the 7,700 level, with gains across most sectors led by mining and energy stocks amid spiking commodity prices....
The Indonesia stock market has finished lower in back-to-back sessions, slumping more than 30 points or 0.4 percent in that span. The Jakarta Composite Index now sits just above the 7,300-point plateau although it may find traction on Tuesday. The global forecast for the Asian markets is upbeat, with support expected from technology and oil...
The Thai stock market has moved lower in two straight sessions, slipping almost 10 points or 0.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,385-point plateau although it\'s expected to bounce higher on Tuesday. The global forecast for the Asian markets is upbeat, with support expected from technology...
Indian shares may open on a muted note Tuesday as investors await a raft of central bank decisions for directional cues. Benchmark indexes Sensex and Nifty ended a choppy session modestly higher on Monday, with metal stocks and automakers pacing the gainers. The rupee dropped 4 paise to close at 82.90 against the dollar. Asian...