South Korea and the United States have reached a preliminary agreement on security, as both countries continue to negotiate trade and tariff issues, according to Yonhap news agency.In an interview published on Thursday, South Korean foreign minister Cho Hyun said that the US is currently reviewing a currency swap deal, a key demand from Seoul…
Asian stocks jumped on Thursday, lifted by US job data reports that hinted at possible interest rate cuts, even as parts of the US government partially shut down.Japan’s Nikkei was up 359 points or 0.8%, trading at 44,910. Kospi gained 3% to each 3,562 while HSI surged 390 points reaching 27,245, at 10:00 AM IST….
Warren Buffett’s Berkshire Hathaway is nearing a deal to acquire Occidental Petroleum’s petrochemical business for about $10 billion, a person familiar with the matter said. It would be Berkshire’s largest deal since its acquisition of Alleghany in 2022 for $13.7 billion. Representatives for Occidental and Berkshire didn’t reply to messages seeking comment. Wall Street Journal…
Tesla owner Elon Musk has set a new record, becoming the first person ever to build a fortune of almost $500 billion. The surge comes on the back of a rebound in Tesla’s stock and soaring valuations of his other ventures, including SpaceX and xAI.Forbes’ billionaires index put Musk’s net worth at $500.1 billion as…
MUMBAI: Reserve Bank of India unveiled on Wednesday its most comprehensive reforms in over a decade, aimed at countering US-driven headwinds and expanding credit to companies, while deepening capital market activity. Banks can now finance mergers and acquisitions, and IPOs more freely, while limits on loans against shares and listed debt securities have been raised.Central…
NEW DELHI: Significant price cuts post GST reduction saw retail of cars and SUVs hit record numbers in Sept with the festive fervour adding to the excitement. Companies say that the strong momentum is likely to continue till Diwali later this month even though there could be challenges in catering to the rush.Maruti, which benefitted…
IMF economist Shekhar Aiyar has been appointed as the new Director and Chief Executive of the Indian Council for Research on International Economic Relations (ICRIER), the think tank announced on Wednesday. He is set to take charge in November, news agency PTI reported.Aiyar currently serves as Assistant Director in the Research Department of the International…
NEW DELHI: The Oberoi Group Wednesday announced the launch of “Asmi by Oberoi” —wellness offering that “reflects the brand’s commitment to creating experiences.” Derived from timeless Indian wisdom and supported by contemporary practice, the group says ASMI is a “lifestyle framework designed to strengthen alignment and vitality across five pillars: movement, nutrition, bodywork, breath work,…
Switzerland’s State Secretary for Economic Affairs Helene Budliger (Photo- PTI) Switzerland’s State Secretary for Economic Affairs Helene Budliger on Wednesday said that the free trade agreement between India and the European Free Trade Association (EFTA) is set to bring transformative changes in two-way economic ties and could not have come at a better time. The…
The US private sector lost 32,000 jobs in September, according to payroll processor ADP, defying analysts’ expectations of employment growth. The biggest losses came in leisure and hospitality, professional services, and financial activities, AFP reported.Hiring also contracted in trade, transportation and utilities, along with manufacturing, the report showed.“Despite the strong economic growth we saw in…