Oil rebounds as China demand recovery optimism supports prices

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Adani abandons $2.5 bln share sale in big setback to Indian tycoon

NEW DELHI -- Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by...

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Biden will pick new economic team after State of the Union -officials

WASHINGTON -- U.S. President Joe Biden is still weighing candidates for new top economic advisers, officials familiar with the process said, and no final decisions...

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U.S. Federal Reserve hikes rate: Read the official statement

The U.S. Federal Reserve raised its key interest rate 25 basis points. Here is the official statement of the Federal Open Market Committee. Read More...

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MSMEs to be returned 95% of fines imposed during Covid

The budget has also paved the way for easier flow of collateral-free funds, lower cost of funds and timely payments to MSMEs besides easier norms...

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FedEx to cut senior jobs as part of larger staff reduction

LOS ANGELES -- FedEx Corp on Wednesday said it would cut its officer and director ranks by more than 10% as part of a broad...

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TOKYO — Crude oil prices rebounded on Wednesday as demand recovery hopes in top importer China following its exit from COVID-19 pandemic curbs provided support after prices dropped in the previous session on concerns about global economic growth. Read More