News Overview

The Conference Board released a report showing a continued decrease by its reading on leading U.S. economic indicators in the month of May. The report showed the Conference Boards leading economic index fell by 0.4 percent in May, matching the revised drop seen in April. Meanwhile, the report showed the coincident economic index edged up by 0.2 percent in May following a 0.5 percent increase […]

On 22 June 2022

After reporting a sharp increase in U.S. industrial production in the previous month, the Federal Reserve released a report showing industrial production edged modestly higher in the month of May. Industrial production crept up by 0.2 percent in May after surging by an upwardly revised 1.4 percent in April. The uptick in industrial production came as mining and utilities output shot up by 1.3 percent […]

After reporting a sharp increase in U.S. industrial production in the previous month, the Federal Reserve released a report showing industrial production edged modestly higher in the month of May. Industrial production crept up by 0.2 percent in May after surging by an upwardly revised 1.4 percent in April. The uptick in industrial production came as mining and utilities output shot up by 1.3 percent […]

The metals and mining giant has issued a request for expressions of interest (EOI) by July 4th.

Cipla: The drug major on Friday announced that it has signed definitive agreements for acquiring 21.05% stake (on a fully diluted basis) in Bengaluru-based Achira Labs for a cash consideration of Rs 25 crore. Aurobindo Pharma: The board of directors of the company has approved the acquisition of 51% equity shares in GLS Pharma Limited, operating in oncology business and having manufacturing facility in Hyderabad […]

Brent crude futures were up 20 cents, or 0.2%, to $113.32 a barrel at 0105 GMT, after jumping as much as 1% earlier. Last week, front-month prices fell 7.3%, the first weekly drop in five weeks.

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Morning cues from other Asian markets are negative

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