US Commerce Secretary Gina Raimondo says it “may make sense” to lift tariffs on some goods as a way to cool inflation. Shiyin Chen reports on “Bloomberg Daybreak: Australia” with Haidi Stroud-Watts and Shery Ahn.
The Centre has decided to lift a virtual freeze on fresh market borrowings by states with large off-Budget liabilities. It will, however, strike off at least 25 basis points (bps) from the net base borrowing ceiling (NBC) of 3.5% of gross state domestic product (GSDP) of these states in FY23. The off-Budget liabilities will be […]
On this week’s MLIV Pulse, guests give their take on where the biggest risks for quantitative tightening are. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, […]
Input inflation and a sharp rise in employee expenses notwithstanding, India Inc turned in a strong performance in FY22. While the low base of FY21 did help prop up the numbers, companies clearly responded to the demand from clients and customers. Employee costs jumped 12.7%, the biggest increase in eight years. Much of this was […]
In the mid 1960s, after a very successful season, when he became the ‘King of the Stretford End’ at Old Trafford, Denis Law walked up to then Manchester United manager Matt Busby, demanding a pay hike. Upon his return from his native Scotland, as the new season began, Law found himself among the players who […]
KYIV — Ukraine said on Saturday it had recaptured a swathe of the battlefield city of Sievierodonetsk, where intense fighting continued, in a rare counter-offensive against Russia’s main assault force that had been steadily advancing in the east. Read More
Armed with a Supreme Court order allowing the promoter’s settlement plan to save the company from liquidation, the ailing Siva Industries and Holding Ltd (SIHL) said on Saturday the company will be placed under new management soon and will focus on settling its creditors as soon as possible. Commenting on the SC order that quashed […]
Vodafone Idea said it would not build its own digital assets but continue with the partnership model, wherein the various services offered by digital players are deeply integrated into its Vi platform. The strategy is entirely different from rivals Bharti Airtel and Reliance Jio, which have built a significant number of their own digital assets […]
WASHINGTON — U.S. Treasury Secretary Janet Yellen on Saturday said she never pushed for cuts to President Joe Biden’s $1.9 trillion American Rescue Plan, rebutting a media report in which a biographer was quoted as saying she favored scaling it back to avoid inflation. Read More
Larger-than-life art sculptures and masterpieces, installations, paintings on canvas and art that speaks volumes are some highlights of the ongoing ‘Arts in Hong Kong’ campaign. The message is clear—the world of art is back on its foot and thriving after enduring two years of the pandemic. The recently-concluded Art Basel Hong Kong, which was a […]