Amazon, Reliance lock horns over India’s cricket media rights

Amazon’s rivalry in India with oil-to-retail conglomerate Reliance Industries looks set to head to the cricket field, where they will likely battle media heavyweights for telecast rights to India’s premier cricket league with its hundreds of millions of viewers.
20 February 2022, 18:00 PM

US takes steps to counter Ukraine crisis, energy costs

There could be a knock-on impact to energy prices paid by American consumers from ongoing tensions between Russia and Ukraine, US Vice-President Kamala Harris said, adding that the US government is working to mitigate the effects.
20 February 2022, 18:00 PM

Surging oil prices add another worry for frazzled investors

A US stock market, already on edge from a hawkish Federal Reserve and a conflict between Russia and Ukraine, now has another worry: higher oil prices.
19 February 2022, 18:00 PM

US industrial production roared back in January

US industrial production grew more than expected in January, the Federal Reserve reported Wednesday, amid a surge in heating demand and strong mining activity.
17 February 2022, 18:00 PM

New trade tools needed to fight China state-led trade

The United States needs to pursue new strategies and update its domestic trade tools to deal with China’s  “state-led, non-market policies and practices”, the US Trade Representative’s office said on Wednesday in a new assessment report.
17 February 2022, 18:00 PM

US wholesale prices spike against forecasts in January

US wholesale prices jumped more than expected last month, according to a government report Tuesday, an indication the inflation wave continues to hit all corners of the world’s largest economy.
16 February 2022, 18:00 PM

Fed’s credibility ‘on the line’ amid US inflation spike

The Federal Reserve needs to accelerate the pace of interest rate increases to fight inflation, but can do so in a way that doesn’t roil financial markets, St. Louis Fed President James Bullard said Monday.
15 February 2022, 18:00 PM

WB economist warns of dangers of ignoring growing debt

Delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the G20, a top World Bank official warned.
15 February 2022, 18:00 PM

US solar tariff: Boon for South Korea, blow for China

South Korean solar companies may face a bright future this year as the US recently extended a tariff for four more years to keep cheap Chinese products in check.
13 February 2022, 18:00 PM

US inflation data hits global stocks

Major global stock indexes fell on Thursday under pressure from crucial US inflation data, falling technology shares and rising benchmark bond yields.
13 February 2022, 18:00 PM

US investors expect more volatility

Geopolitical worries have added another layer of volatility to an already-jumpy market as investors priced in the possibility of escalating conflict between Russia and Ukraine, though some doubted the issue would weigh on US asset prices over the longer term.
12 February 2022, 18:00 PM

US inflation hits four-decade high

Inflation in the United States was as hot as ever last month, with consumer prices seeing their largest annual jump in nearly four decades as costs rose for a wide range of items.
10 February 2022, 18:00 PM

US adds Chinese entities to red-flag export list

The US Commerce Department said on Monday it had added 33 Chinese entities to its so-called ‘unverified list’, which requires US exporters to go through more procedures before shipping goods to the entities.
8 February 2022, 18:00 PM

Ford curbs production as chip shortage hits

Ford will cut its North American vehicle production next week due to a semiconductor shortage, US media reported Saturday.
6 February 2022, 18:00 PM

US labour market shrugs off Omicron

The US economy created far more jobs than expected in January but despite the disruption to consumer-facing businesses from a surge in Covid-19 cases, pointing to underlying strength that should sustain the expansion as the Federal Reserve starts to raise interest rates.
5 February 2022, 18:00 PM

Oil prices extend gains as markets weigh strong US jobs data

Stocks were mixed Friday as markets weighed a surprisingly good US jobs report against concerns over tighteningmonetary policy, while oil prices pushed closer to $100 a barrel.
5 February 2022, 18:00 PM

IMF says it is ready to help Sri Lanka

The International Monetary Fund is ready to discuss “options” with Sri Lanka if the government asks for financial support, its mission chief for the island told AFP on Thursday.
5 February 2022, 18:00 PM

Meta’s profit slips as Facebook loses users

Facebook’s parent firm Meta on Wednesday delivered a gloomy mix of a sharper-than-expected drop in profit, a decrease in users and threats to its ad business that plunged shares some 22 per cent in after-hours trading.
3 February 2022, 18:00 PM

IMF warns of economic impact of Ukraine crisis

IMF Managing Director Kristalina Georgieva on Wednesday called for a peaceful resolution to the standoff between Russia and Ukraine, noting it is already contributing to a spike in energy prices and hurting global growth.
3 February 2022, 18:00 PM

Google parent Alphabet nearly doubles annual profit

Google’s parent firm Alphabet announced quarterly profits Tuesday that beat expectations and nearly doubled in 2021 -- after a booming holiday season for the online ads giant facing anti-trust regulation scrutiny.
2 February 2022, 18:00 PM