European stocks struggled for direction on Wednesday, as fears over an escalation in the Middle East conflict offset improved economic data from China. As Gaza ground invasion looms, a huge explosion at a Gaza hospital has derailed the diplomatic efforts led by the U.S. to reduce tensions in the region. On the data front, Eurostat reported that Eurozone inflation rose […]

Asian stocks cut early losses to end mixed on Wednesday after a slew of Chinese data topped forecasts. The undertone remained cautious somewhat after a deadly missile attack on Al-Ahli Baptist Hospital in Gaza killed more than 500 people including women and children. Hamas attributed the blast to an Israeli airstrike, but the Israeli military said it was not involved […]

Amazon (AMZN), Booking.com, Expedia Group, Glassdoor, Tripadvisor, and Trustpilot have formed the Coalition for Trusted Reviews to stop fake reviews. The newly formed coalition of companies are from e-commerce, travel, employment and other industry and plan to work together against a common issue that affects across their industries, i.e. fraudulent online reviews. The companies say they “will define best practices […]

European stocks were little changed in cautious trade on Tuesday, with prospects of escalation in the Middle East conflict and downbeat quarterly results from the likes of Ericsson and Lonza keeping weighing on sentiment. Regional markets opened on a subdued note before seeing some recovery after Germany’s ZEW economic sentiment index beat expectations – improving to -1.1 from -11.4 in […]

El Paso, Texas-based Botanical-Be is recalling certain dietary supplements under multiple brands citing the presence of undeclared Diclofenac, the U.S. Food and Drug Administration said. The recall involves all lots of Kuka Flex Forte, Artri King, and Reumo Flex capsules to the consumer level. These products are marketed as a dietary supplement for relief of pain and inflammation associated with […]

Elon Musk’s social media platform X, formerly known as Twitter, was fined A$610,500 or over $380,000 by Australia’s eSafety commissioner for failing to adequately respond to key questions about how it is tackling child abuse content. Australia’s independent regulator in its second report highlighted serious shortfalls in companies including Twitter, Google, TikTok, Twitch, and Discord to detect, remove, and prevent […]

Following the pullback seen over the two previous sessions, stocks may move back to the upside in early trading on Monday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent. The upward momentum on Wall Street may reflect optimism about the strength of corporate results as […]

Net foreign direct investment (FDI) in India, inflows minus outflows, declined sharply in April-August this year to $2.99 billion from $18.03 billion in the same period last year on moderation in global activities and a rise in repatriation. The Reserve Bank of India’s data (October 2023 bulletin) said FDI in India was $7.28 billion and FDI by India, that is […]

Reflecting the mostly negative cues from global markets on Friday, Asian stock markets are trading in the red on Monday, as traders remain cautious on renewed concerns about the outlook for interest rates after US data showed hotter-than-expected consumer price inflation and a slump in consumer sentiment. They also kept an eye on developments in the conflict in the Middle […]

Singapore central bank kept its monetary policy unchanged on Friday as the current setting is assessed to be ‘sufficiently tight’ to dampen imported inflation and curb domestic cost pressures. The Monetary Authority of Singapore, or MAS, decided to maintain the prevailing rate of appreciation of the S$NEER policy band. There will be no change to its width and the level […]