US recession risks are reverberating across the emerging Asian debt complex and nowhere is this more apparent than in Indian sovereign bonds. Rupee debt has proven to be the most sensitive to an inversion of the US curve in the past and this time is unlikely to be different, according to a Bloomberg study which … Read more
Nick Barragan is used to wearing a mask because his job in the Los Angeles film industry has long required it, so he won’t be fazed if the nation’s most populous county reinstates rules requiring face coverings because of another spike in coronavirus cases across the country. “I feel fine about it because I’ve worn … Read more
NEW DELHI: Most analysts are turning bullish on auto stocks as Q1 volumes recover across segments and supply side issues seem to be easing, with an improvement in the supply of semiconductors. Led by rallies in , MRF, Mahindra & Mahindra, Hero Moto and , the Nifty Auto index is up over 8 per cent … Read more
A man carries a Liquefied Petroleum Gas cylinder after collecting it at distribution point in Colombo, Sri Lanka, on July 12. (Arun Sankar/AFP/Getty Images) Sri Lanka, an island nation of 22 million, is suffering from its worst financial crisis since it gained independence in 1948. Crippling inflation is sending the cost of basic goods skyrocketing. … Read more
Japan warned on Tuesday that a new wave of coronavirus cases appears to be rapidly spreading through the nation, calling on people to be especially careful ahead of an upcoming long weekend and imminent summer school vacations. Japan has recently seen new COVID-19 cases surge to levels not seen since early this year, with Tokyo … Read more
The Indian market closed in the red for the third consecutive day on Wednesday. The S&P BSE Sensex fell by nearly 400 points while the Nifty50 closed below 16,000 levels. Sectorally, buying was seen in healthcare, FMCG, metals, and the public sector, while selling was seen in power, utilities, oil & gas, and energy stocks. … Read more
Free booster COVID-19 vaccine Dose for Adults from 15 July: The Union health ministry on Wednesday announced the launch of a 75-day programme to administer the Covid-19 vaccine’s precaution dose to anyone above 18 years, free of cost, at government hospitals from July 15. Till now only those above 60 years, healthcare and frontline workers … Read more
Samsung said on Thursday that it has developed a new GDDR6 (graphics double data rate) DRAM with a data transfer rate of 24 gigabits per second (Gbps). A premium graphics card that packs the chips will support a data processing rate of up to 1.1 terabytes (TB), equivalent to processing 275 movies in Full HD … Read more
Gold prices slipped on Thursday, as Treasury yields and the dollar rose, with bullion’s outlook hurt by fears the Federal Reserve could go for a more aggressive interest rate hike this month, after data showed U.S. inflation sky-rocketed in June. FUNDAMENTALS Spot gold fell 0.4% to $1,728.39 per ounce by 0100 GMT. U.S. gold futures … Read more
“President Trump is a 76-year-old man. He is not an impressionable child. Just like everyone else in our country, he is responsible for his own actions and his own choices.” Those were the words of Representative Liz Cheney on Tuesday in her opening statement at the Jan. 6 House select committee’s seventh hearing, as she … Read more