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US stocks slip after CPI tops 7.9% YoY; AMZN, CRWD rise
March 10, 2022 02:44 PM PST| By Versha JainBenchmark US indices retreated from the previous day’s gains to close lower on Thursday, March 10, after US inflation touched another 40-year high in February, fuelled by higher energy costs. The Labor Department said the consumer price index...
Moderna boosts vaccine development, soon to start recruitment drive
March 09, 2022 10:04 PM PST| By SamtaHighlights Spikevax’s Moderna has boosted its vaccine development in Australia. The company expects to launch a local manufacturing plant by the end of 2024. It will soon start its recruitment drive to ensure enough talent.&n.....
Wall Street surges back as oil drops; AAPL, MSFT, NVDA rise
March 09, 2022 02:06 PM PST| By Rupam RoyDow Jones, S&P 500, and tech-heavy Nasdaq Composite rebounded strongly from their recent losses on Wednesday, March 9, as oil prices plummeted over 11%, prompting investors to pull back from haven assets. Oil pulled back sharply after reports th...
US indices wobble on Russian oil ban; ENPH, SPWR stocks rally
March 08, 2022 02:49 PM PST| By Versha JainUS stocks closed lower on Tuesday, March 8, after the US banned Russian oil imports, causing a price surge, and investors trimmed bond holdings, fearing more turmoil in the market. The S&P 500 declined 0.72% to 4,170.70. The Dow Jones fell 0.56%...
Uniqlo to keep its stores open in Russia amid turmoil
March 07, 2022 09:01 PM PST| By Aditi SahaHighlights Uniqlo, a Japanese clothing manufacturer, will continue to operate in Russia amid turmoil. Since Putin invaded Ukraine, big corporations, ranging from Disney to Apple, have exited the Russian market. There have been appeals for a bo.....
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Dow, NASDAQ fall sharply, oil tops US$130 a barrel; IMPP, CEI surge
March 07, 2022 02:50 PM PST| By Versha JainWall Street’s main indexes fell sharply on Monday, March 7, after oil prices surged to a new record as Russian forces continued attacks on Ukraine, stoking fears of a global recession. The S&P 500 fell 2.95% to 4,201.09. The Dow Jones decl...
US stocks close week in red as Ukraine crisis mounts, OXY, CEI rise
March 04, 2022 03:26 PM PST| By Versha JainBenchmark US indices closed the week in red on Friday, March 4, as Russian forces intensified shelling in Ukraine and seized a major nuclear plant, deepening humanitarian concerns. The S&P 500 fell 0.79% to 4,328.87. The Dow Jones declined 0.53%...
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Australian cricket legend Shane Warne dies aged 52
March 04, 2022 08:13 AM PST| By Daniel Paul JohnsCricket legend Shane Warne has died at the age of 52, his manager James Erskine said in a statement early on Saturday. The former test leg spinner was found unresponsive in his vila in Thailand after a suspected heart attack, Erskine said. Warne i.....
Plastic pollution: UN makes 'historic' move toward global pact
March 03, 2022 09:47 PM PST| By Aditi SahaHighlights UN is all set to develop the world's first plastic pollution treaty, hailed as the most crucial multilateral climate agreement since the historic 2015 Paris treaty. World leaders have agreed to develop a treaty to deal with the issue.....
US stocks wobble as commodity prices hit 14-year high, KR, BBY surge
March 03, 2022 02:46 PM PST| By Versha JainUS stocks closed lower on Thursday, March 3, after commodity prices hit a 14-year high amid Black Sea curbs and the unfolding humanitarian crisis unleashed by the Russia-Ukraine war. Oil prices jumped to US$116 a barrel in intraday trading, the high...
Why did Russia invade Ukraine?
March 03, 2022 09:11 AM PST| By Sundeep RadeshOn February 24, Russia began a military invasion into Ukraine. While it was not surprising it was shocking, given the relative peace Europe had been in for nearly a century. But how did we get here? To get to the bottom of that, let’s backtra.....
Russian billionaire loses mega yacht ‘Dilbar’ on Ukraine invasion
March 03, 2022 01:02 AM PST| By Khushboo JoshiHighlights German authorities have seized a Russian billionaire owned superyacht. The superyacht – Dilbar, was custom built in more than 52 months and is the world’s largest yacht valued at around US$600 million. The US is ta.....
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US stocks rebound on Fed’s hints at rate hike; JWN, HPE, XOM soar
March 02, 2022 03:15 PM PST| By Versha JainUS stocks rebounded strongly to close higher on Wednesday, March 2, after the Ukraine-fuelled selloffs the day before as the Fed hinted at a 25-basis point hike in interest rates this month. The clarity over Fed’s rate hike boosted investors&r...
What to expect at Apple’s (AAPL) spring event next week?
March 02, 2022 02:37 PM PST| By Sanjeeb BaruahHighlights Apple's 5G-capable iPhones have been a major part of its focus lately. Apple generally hosts three events annually to launch new products. The iPhone maker saw solid sales in iPhones, Mac, wearables, and gadgets during the holiday .....
US indices retreat as Russia bombs Ukraine; TGT, ACI stocks rally
March 01, 2022 02:24 PM PST| By Versha JainWall Street’s major indices fell sharply on Tuesday, March 1, after Russia intensified bombings in Ukraine, raising the spectre of a violent attack as the world watched the events in horror. Oil prices climbed again above the US$100 per barrel...
Australia floods: Received 6,700 claims, early to gauge financial hit, says IAG
February 28, 2022 05:04 PM PST| By AshishHighlights Insurance Australia Group has said that it had received nearly 6,700 claims related to floods-hitting south-east Queensland and northern New South Wales. On Monday, another major Australian insurance major Suncorp said that it had re.....
What happened at Beijing Olympics 2022?
February 28, 2022 04:54 PM PST| By Toshiva JainThe winter sports gala that began on February 4 ended on February 20. This year the Winter Olympics took place in Beijing, China. In the midst of the Olympics, several athletes and coaches had complained about the food, training equipment and harsh.....
Finland to supply arms, Turkey blocks Russian warships in Ukraine’s aid
February 28, 2022 01:49 PM PST| By Versha JainHighlights In a historic move, Finland has agreed to supply weapons to Ukraine. Turkey has blocked the passage of Russian warships in the Black Sea. Switzerland restricts banks from taking on new business with EU-blacklisted entities.....
Energy giant BP exits Russian Rosneft grieved by Ukraine invasion
February 27, 2022 08:29 PM PST| By Sukriti NairHighlights British energy giant BP to exit from Russian Rosneft in response to Russian attacks on Ukraine. BP believes the Russian exit is in best long-term interest of all its shareholders. BP’s exit puts the spotlight on other Western .....
US stocks rally on Russia’s openness for Ukraine talks; SQ, ETSY climb
February 25, 2022 03:55 PM PST| By Versha JainBenchmark US indices rallied for the second-consecutive day on Friday, February 25, after Russia agreed to high-level talks with Ukraine the day after the military raids began. The S&P 500 surged 2.24% to 4,384.65. The Dow Jones climbed 2.51% to...
