• World
  • Politics
  • Business
  • Tech
  • Entertainment
  • Sports
  • Videos
  • Stories
  • Fashion & Style
  • Finance
  • World
    US, Germany to boost cooperation on shift to clean energy

    US, Germany to boost cooperation on shift to clean energy

    Husband Of Teacher Who Died Protecting Children In Texas School Dies Of Heart Attack

    Husband Of Teacher Who Died Protecting Children In Texas School Dies Of Heart Attack

    Police face questions over their response to the Texas school massacre

    Police face questions over their response to the Texas school massacre

    Families mourn 22 lives lost after Texas school massacre

    Families mourn 22 lives lost after Texas school massacre

    Russia grants fast track citizenship to Ukrainian residents

    Russia grants fast track citizenship to Ukrainian residents

    Yasin Malik sentenced to life imprisonment in terror funding case

    Yasin Malik sentenced to life imprisonment in terror funding case

    Flood in Bangladesh and India

    Floods leave citizens stranded in Bangladesh and India

    YoonSuk-yeol

    South Korea’s women fear an ‘Nth Room’ ,Yoon Suk-yeol’s in charge

    Shireen Mazari

    Former Pakistani human rights minister, Shireen Mazari arrested over land grabbing allegation

  • Politics
    Tamil Language Is Eternal, Says PM Modi. CM Stalin Asks Him To Make It Official Like Hindi

    Tamil Language Is Eternal, Says PM Modi. CM Stalin Asks Him To Make It Official Like Hindi

    Russian President expresses desire to help tackle the global food crisis

    Russian President expresses desire to help tackle the global food crisis

    Contempt of court filed against Imran Khan

    Contempt of court filed against Imran Khan

    Imran Khan defies court order and reaches Islamabad

    Imran Khan defies court order and reaches Islamabad

    “I am not far away from the Congress and its ideology. I am with the sentiments of the party,” – Kapil Sibal On Quitting Congress

    “I am not far away from the Congress and its ideology. I am with the sentiments of the party,” – Kapil Sibal On Quitting Congress

    Russia grants fast track citizenship to Ukrainian residents

    Russia grants fast track citizenship to Ukrainian residents

    Ranil Wickremesinghe

    Sri Lanka needs to print one trillion rupees to keep the economy afloat, and PM believes inflation could reach 40%.

    Kim Jong-un

    The first North Korean missile launch after Biden’s Asia trip was an intercontinental ballistic missile, according to South Korea

    Biden says U.S. is willing to use force to defend Taiwan.

    Biden says U.S. is willing to use force to defend Taiwan.

  • Business
    Oil Stocks Bleed On Reports Of Govt Considering Windfall Tax; ONGC Cracks 9%, BPCL 5%

    Oil Stocks Bleed On Reports Of Govt Considering Windfall Tax; ONGC Cracks 9%, BPCL 5%

    Google is in talks to join the open retail network

    Google is in talks to join the open retail network

    Banks to stop collateral-free intra-day funding to brokers

    RBI cancels the registration of five NBFCs due to irregular lending practices

    airbnb

    Airbnb is leaving China due to tourism restriction

    Dubai Super Sale: Get Upto 90% Off At Shopping Malls

    Dubai Super Sale: Get Upto 90% Off At Shopping Malls

    Chinese Smartphone Manufacturer Xiaomi Has Announced A New Partnership With Leica

    Chinese Smartphone Manufacturer Xiaomi Has Announced A New Partnership With Leica

    Banks to stop collateral-free intra-day funding to brokers

    Banks to stop collateral-free intra-day funding to brokers

    McDonald’s strikes deal to sell Russian business to Alexander Govorrow

    McDonald’s strikes deal to sell Russian business to Alexander Govorrow

    Sensex Tanks 1,400 pts, Nifty Cracks Near 15,800: Why Indian Stock Market is Falling Today?

    Sensex Tanks 1,400 pts, Nifty Cracks Near 15,800: Why Indian Stock Market is Falling Today?

  • Tech
    Facebook To Roll Out Updated Privacy Policy From July 26

    Facebook To Roll Out Updated Privacy Policy From July 26

    An iPhone 14 model may be in short supply at launch, says a report

    An iPhone 14 model may be in short supply at launch, says a report

    WhatsApp now lets you download PAN card and driving license

    WhatsApp now lets you download PAN card and driving license

    Google contract workers refused to work in the office, claiming they couldn’t afford to go to the office

    Google contract workers refused to work in the office, claiming they couldn’t afford to go to the office

    Chinese Smartphone Manufacturer Xiaomi Has Announced A New Partnership With Leica

    Chinese Smartphone Manufacturer Xiaomi Has Announced A New Partnership With Leica

    Boeing docks crew capsule to space station in test do-over

    Boeing docks crew capsule to space station in test do-over

    OnePlus Nord 2T Smartphone With 80W Fast Charging Announced: All You Need To Know

    OnePlus Nord 2T Smartphone With 80W Fast Charging Announced: All You Need To Know

    WhatsApp may soon allow you to use the same chat account on multiple devices

    WhatsApp Adds Messaging Tools To Attract Businesses

     Canada Bans China’s Huawei Technologies From 5G Networks

     Canada Bans China’s Huawei Technologies From 5G Networks

  • Entertainment
    Aryan Khan gets clean chit, Sameer Wankhede says ‘sorry, can’t comment

    Aryan Khan gets clean chit, Sameer Wankhede says ‘sorry, can’t comment

    Kevin Spacey Has Been Charged With Sex Offences

    Kevin Spacey Has Been Charged With Sex Offences

    The Cannes Film Festival, Born Out Of War; Grapples With Ukraine

    The Cannes Film Festival, Born Out Of War; Grapples With Ukraine

    Philharmonic Orchestra

    Philharmonic Orchestra echoes the city’s resiliency

    South Korean star Kim Woo-bin tests positive for COVID-19

    South Korean star Kim Woo-bin tests positive for COVID-19

    ‘Doctor Strange’ remains atop the box office as ‘Top Gun’ looms.

    ‘Doctor Strange’ remains atop the box office as ‘Top Gun’ looms.

    NBC has all scenarios covered for Championship Sunday

    NBC has all scenarios covered for Championship Sunday

    Ed Sheeran announces the birth of his second daughter

    Ed Sheeran announces the birth of his second daughter

    Chris Rock could host Oscars 2023, hints ABC President.

    Chris Rock could host Oscars 2023, hints ABC President.

  • Sports
    India Men’s Hockey Team pick a stunning 16-0 win over hosts Indonesia

    India Men’s Hockey Team pick a stunning 16-0 win over hosts Indonesia

    IPL 2022

    After reaching the IPL final, Gujarat captain Pandya praises Miller as a ‘match-winner.’

    Naomi Osaka To Skip Wimbledon; Lost In The French Open First Round

    Naomi Osaka To Skip Wimbledon; Lost In The French Open First Round

    Indian Premier League 2022: What Will Happen In Playoffs If Weather Plays Spoilsport

    Indian Premier League 2022: What Will Happen In Playoffs If Weather Plays Spoilsport

    Manchester City defeats Aston Villa, wins Premier League Title

    Manchester City defeats Aston Villa, wins Premier League Title

    Indian teen sensation R Praggnanandhaa stuns World Champion Magnus Carlsen for 2nd time in a year

    Indian teen sensation R Praggnanandhaa stuns World Champion Magnus Carlsen for 2nd time in a year

    India’s Nikhat Zareen Wins Gold at Women’s World Boxing Championships

    India’s Nikhat Zareen Wins Gold at Women’s World Boxing Championships

    Japan Sounded Out as 2023 AFC Asian Cup Hosts

    Japan Sounded Out as 2023 AFC Asian Cup Hosts

    Top 5: Career best ICC batting ranking for Dimuth.

    Top 5: Career best ICC batting ranking for Dimuth.

  • Videos
    The way Up – Candid & Honest Storytelling with Sylvia Yu Friedman, ‘A Long Road to Justice’

    The way Up – Candid & Honest Storytelling with Sylvia Yu Friedman, ‘A Long Road to Justice’

    The way Up – Cuthbert Ncube, Chairperson, African Tourism Board (ATB)

    The way Up – Candid & Honest Storytelling with Cuthbert Ncube, Chairperson at African Tourism Board

    The way Up – Candid & Honest Storytelling with Anand Malligavad, Lake Conservationist at Bengaluru

    The way Up – Candid & Honest Storytelling with Anand Malligavad, Lake Conservationist at Bengaluru

    The way Up – Candid & Honest Storytelling with Olga Belka, A unique underwater artist

    The way Up – Candid & Honest Storytelling with Olga Belka, A unique underwater artist

    The way Up – Candid & Honest Storytelling with Taylor Elizabeth

    The way Up – Candid & Honest Storytelling with Taylor Elizabeth

    The way Up – Candid & Honest Storytelling with Stefanos Nicolaou

    The way Up – Candid & Honest Storytelling with Stefanos Nicolaou

    The way Up – Candid & Honest Storytelling with Sonal Holland

    The way Up – Candid & Honest Storytelling with Sonal Holland

    The way Up – Candid & Honest Storytelling with Viktor Nordir

    The way Up – Candid & Honest Storytelling with Viktor Nordir

    The way Up – Candid & Honest Storytelling with Susan Gibbs

    The way Up – Candid & Honest Storytelling with Susan Gibbs

  • Stories
    The way Up – Candid & Honest Storytelling with Sylvia Yu Friedman, ‘A Long Road to Justice’

    The way Up – Candid & Honest Storytelling with Sylvia Yu Friedman, ‘A Long Road to Justice’

    The way Up – Cuthbert Ncube, Chairperson, African Tourism Board (ATB)

    The way Up – Cuthbert Ncube, Chairperson, African Tourism Board (ATB)

    Food Trail: Farah Khan visits Jones Social – Sharing good food together

    Food Trail: Farah Khan visits Jones Social – Sharing good food together

    ALIF

    ALIF

    FUNUN ARTS @WAD 2022

    FUNUN ARTS @WAD 2022

    Iftar at Entre Nous, Novotel WTC Dubai

    Iftar at Entre Nous, Novotel WTC Dubai

    Body Abs Fitness Centre

    Body Abs Fitness Centre

    ZIDA- Invest in Zimbabwe, Secure your business’ future in Zimbabwe

    ZIDA- Invest in Zimbabwe, Secure your business’ future in Zimbabwe

    Food Trail: Farah Khan visits Sirdanci Mehmet’s new restaurant @ Jumairah

    Food Trail: Farah Khan visits Sirdanci Mehmet’s new restaurant @ Jumairah

  • Fashion & Style
    Dubai Super Sale: Get Upto 90% Off At Shopping Malls

    Dubai Super Sale: Get Upto 90% Off At Shopping Malls

    Caribbean Sun Sunglasses Launches New Website

    Caribbean Sun Sunglasses Launches New Website

    Each One, Teach One with The Queen’s Collection

    Each One, Teach One with The Queen’s Collection

    5,000-plus deaths under Ethiopia’s Tigray blockade

    Kim Jones back on runway as Fendi channels celestial Rome

    Feds launch website for claiming part 2 of child tax credit

    Dior couture celebrates the craft of fashion in Paris show

    Monthlong pandemic lockdown lifted on China’s Xi’an

    Kenzo returns to Japanese roots in history-making moment

    Asian shares mixed after China reports slowing growth

    Jeff Goldblum, Kyle MacLachlan bookend Prada menswear show

    Fendi leads Milan trends with feminine silhouettes for men

    Fendi leads Milan trends with feminine silhouettes for men

    Yili Expands Global Presence with Launch of New Dairy Production Base in Indonesia

    Tsz Wan Shan Centre Presents a “Purple Christmas”, Capsule Machine-Inspired 5-Metre-Tall Christmas Tree Aglow in the Sky Garden

  • Finance
    India bans exports of wheat, citing threat to food security

    Bitcoin tumbles, a stablecoin plunges in wild week in crypto

    India bans exports of wheat, citing threat to food security

    GOP’s new midterm attack: Blaming Biden for formula shortage

    China fights economic slump, sticks to costly ‘zero COVID’

    Japan’s SoftBank sinks to losses as investments sour

    China fights economic slump, sticks to costly ‘zero COVID’

    Powell: ‘Soft’ economic landing may be out of Fed’s control

    China fights economic slump, sticks to costly ‘zero COVID’

    Senate confirms Powell for 2nd term as Fed fights inflation

    China fights economic slump, sticks to costly ‘zero COVID’

    Crypto meltdown prompts Yellen to call for new regulation

    China fights economic slump, sticks to costly ‘zero COVID’

    China fights economic slump, sticks to costly ‘zero COVID’

    Inflation triggers California minimum wage increase in 2023

    Inflation triggers California minimum wage increase in 2023

    Dollar hits 9-month high as Fed on track to taper this year

    US dollar rate drops in some local banks

No Result
View All Result
  • World
    US, Germany to boost cooperation on shift to clean energy

    US, Germany to boost cooperation on shift to clean energy

    Husband Of Teacher Who Died Protecting Children In Texas School Dies Of Heart Attack

    Husband Of Teacher Who Died Protecting Children In Texas School Dies Of Heart Attack

    Police face questions over their response to the Texas school massacre

    Police face questions over their response to the Texas school massacre

    Families mourn 22 lives lost after Texas school massacre

    Families mourn 22 lives lost after Texas school massacre

    Russia grants fast track citizenship to Ukrainian residents

    Russia grants fast track citizenship to Ukrainian residents

    Yasin Malik sentenced to life imprisonment in terror funding case

    Yasin Malik sentenced to life imprisonment in terror funding case

    Flood in Bangladesh and India

    Floods leave citizens stranded in Bangladesh and India

    YoonSuk-yeol

    South Korea’s women fear an ‘Nth Room’ ,Yoon Suk-yeol’s in charge

    Shireen Mazari

    Former Pakistani human rights minister, Shireen Mazari arrested over land grabbing allegation

  • Politics
    Tamil Language Is Eternal, Says PM Modi. CM Stalin Asks Him To Make It Official Like Hindi

    Tamil Language Is Eternal, Says PM Modi. CM Stalin Asks Him To Make It Official Like Hindi

    Russian President expresses desire to help tackle the global food crisis

    Russian President expresses desire to help tackle the global food crisis

    Contempt of court filed against Imran Khan

    Contempt of court filed against Imran Khan

    Imran Khan defies court order and reaches Islamabad

    Imran Khan defies court order and reaches Islamabad

    “I am not far away from the Congress and its ideology. I am with the sentiments of the party,” – Kapil Sibal On Quitting Congress

    “I am not far away from the Congress and its ideology. I am with the sentiments of the party,” – Kapil Sibal On Quitting Congress

    Russia grants fast track citizenship to Ukrainian residents

    Russia grants fast track citizenship to Ukrainian residents

    Ranil Wickremesinghe

    Sri Lanka needs to print one trillion rupees to keep the economy afloat, and PM believes inflation could reach 40%.

    Kim Jong-un

    The first North Korean missile launch after Biden’s Asia trip was an intercontinental ballistic missile, according to South Korea

    Biden says U.S. is willing to use force to defend Taiwan.

    Biden says U.S. is willing to use force to defend Taiwan.

  • Business
    Oil Stocks Bleed On Reports Of Govt Considering Windfall Tax; ONGC Cracks 9%, BPCL 5%

    Oil Stocks Bleed On Reports Of Govt Considering Windfall Tax; ONGC Cracks 9%, BPCL 5%

    Google is in talks to join the open retail network

    Google is in talks to join the open retail network

    Banks to stop collateral-free intra-day funding to brokers

    RBI cancels the registration of five NBFCs due to irregular lending practices

    airbnb

    Airbnb is leaving China due to tourism restriction

    Dubai Super Sale: Get Upto 90% Off At Shopping Malls

    Dubai Super Sale: Get Upto 90% Off At Shopping Malls

    Chinese Smartphone Manufacturer Xiaomi Has Announced A New Partnership With Leica

    Chinese Smartphone Manufacturer Xiaomi Has Announced A New Partnership With Leica

    Banks to stop collateral-free intra-day funding to brokers

    Banks to stop collateral-free intra-day funding to brokers

    McDonald’s strikes deal to sell Russian business to Alexander Govorrow

    McDonald’s strikes deal to sell Russian business to Alexander Govorrow

    Sensex Tanks 1,400 pts, Nifty Cracks Near 15,800: Why Indian Stock Market is Falling Today?

    Sensex Tanks 1,400 pts, Nifty Cracks Near 15,800: Why Indian Stock Market is Falling Today?

  • Tech
    Facebook To Roll Out Updated Privacy Policy From July 26

    Facebook To Roll Out Updated Privacy Policy From July 26

    An iPhone 14 model may be in short supply at launch, says a report

    An iPhone 14 model may be in short supply at launch, says a report

    WhatsApp now lets you download PAN card and driving license

    WhatsApp now lets you download PAN card and driving license

    Google contract workers refused to work in the office, claiming they couldn’t afford to go to the office

    Google contract workers refused to work in the office, claiming they couldn’t afford to go to the office

    Chinese Smartphone Manufacturer Xiaomi Has Announced A New Partnership With Leica

    Chinese Smartphone Manufacturer Xiaomi Has Announced A New Partnership With Leica

    Boeing docks crew capsule to space station in test do-over

    Boeing docks crew capsule to space station in test do-over

    OnePlus Nord 2T Smartphone With 80W Fast Charging Announced: All You Need To Know

    OnePlus Nord 2T Smartphone With 80W Fast Charging Announced: All You Need To Know

    WhatsApp may soon allow you to use the same chat account on multiple devices

    WhatsApp Adds Messaging Tools To Attract Businesses

     Canada Bans China’s Huawei Technologies From 5G Networks

     Canada Bans China’s Huawei Technologies From 5G Networks

  • Entertainment
    Aryan Khan gets clean chit, Sameer Wankhede says ‘sorry, can’t comment

    Aryan Khan gets clean chit, Sameer Wankhede says ‘sorry, can’t comment

    Kevin Spacey Has Been Charged With Sex Offences

    Kevin Spacey Has Been Charged With Sex Offences

    The Cannes Film Festival, Born Out Of War; Grapples With Ukraine

    The Cannes Film Festival, Born Out Of War; Grapples With Ukraine

    Philharmonic Orchestra

    Philharmonic Orchestra echoes the city’s resiliency

    South Korean star Kim Woo-bin tests positive for COVID-19

    South Korean star Kim Woo-bin tests positive for COVID-19

    ‘Doctor Strange’ remains atop the box office as ‘Top Gun’ looms.

    ‘Doctor Strange’ remains atop the box office as ‘Top Gun’ looms.

    NBC has all scenarios covered for Championship Sunday

    NBC has all scenarios covered for Championship Sunday

    Ed Sheeran announces the birth of his second daughter

    Ed Sheeran announces the birth of his second daughter

    Chris Rock could host Oscars 2023, hints ABC President.

    Chris Rock could host Oscars 2023, hints ABC President.

  • Sports
    India Men’s Hockey Team pick a stunning 16-0 win over hosts Indonesia

    India Men’s Hockey Team pick a stunning 16-0 win over hosts Indonesia

    IPL 2022

    After reaching the IPL final, Gujarat captain Pandya praises Miller as a ‘match-winner.’

    Naomi Osaka To Skip Wimbledon; Lost In The French Open First Round

    Naomi Osaka To Skip Wimbledon; Lost In The French Open First Round

    Indian Premier League 2022: What Will Happen In Playoffs If Weather Plays Spoilsport

    Indian Premier League 2022: What Will Happen In Playoffs If Weather Plays Spoilsport

    Manchester City defeats Aston Villa, wins Premier League Title

    Manchester City defeats Aston Villa, wins Premier League Title

    Indian teen sensation R Praggnanandhaa stuns World Champion Magnus Carlsen for 2nd time in a year

    Indian teen sensation R Praggnanandhaa stuns World Champion Magnus Carlsen for 2nd time in a year

    India’s Nikhat Zareen Wins Gold at Women’s World Boxing Championships

    India’s Nikhat Zareen Wins Gold at Women’s World Boxing Championships

    Japan Sounded Out as 2023 AFC Asian Cup Hosts

    Japan Sounded Out as 2023 AFC Asian Cup Hosts

    Top 5: Career best ICC batting ranking for Dimuth.

    Top 5: Career best ICC batting ranking for Dimuth.

  • Videos
    The way Up – Candid & Honest Storytelling with Sylvia Yu Friedman, ‘A Long Road to Justice’

    The way Up – Candid & Honest Storytelling with Sylvia Yu Friedman, ‘A Long Road to Justice’

    The way Up – Cuthbert Ncube, Chairperson, African Tourism Board (ATB)

    The way Up – Candid & Honest Storytelling with Cuthbert Ncube, Chairperson at African Tourism Board

    The way Up – Candid & Honest Storytelling with Anand Malligavad, Lake Conservationist at Bengaluru

    The way Up – Candid & Honest Storytelling with Anand Malligavad, Lake Conservationist at Bengaluru

    The way Up – Candid & Honest Storytelling with Olga Belka, A unique underwater artist

    The way Up – Candid & Honest Storytelling with Olga Belka, A unique underwater artist

    The way Up – Candid & Honest Storytelling with Taylor Elizabeth

    The way Up – Candid & Honest Storytelling with Taylor Elizabeth

    The way Up – Candid & Honest Storytelling with Stefanos Nicolaou

    The way Up – Candid & Honest Storytelling with Stefanos Nicolaou

    The way Up – Candid & Honest Storytelling with Sonal Holland

    The way Up – Candid & Honest Storytelling with Sonal Holland

    The way Up – Candid & Honest Storytelling with Viktor Nordir

    The way Up – Candid & Honest Storytelling with Viktor Nordir

    The way Up – Candid & Honest Storytelling with Susan Gibbs

    The way Up – Candid & Honest Storytelling with Susan Gibbs

  • Stories
    The way Up – Candid & Honest Storytelling with Sylvia Yu Friedman, ‘A Long Road to Justice’

    The way Up – Candid & Honest Storytelling with Sylvia Yu Friedman, ‘A Long Road to Justice’

    The way Up – Cuthbert Ncube, Chairperson, African Tourism Board (ATB)

    The way Up – Cuthbert Ncube, Chairperson, African Tourism Board (ATB)

    Food Trail: Farah Khan visits Jones Social – Sharing good food together

    Food Trail: Farah Khan visits Jones Social – Sharing good food together

    ALIF

    ALIF

    FUNUN ARTS @WAD 2022

    FUNUN ARTS @WAD 2022

    Iftar at Entre Nous, Novotel WTC Dubai

    Iftar at Entre Nous, Novotel WTC Dubai

    Body Abs Fitness Centre

    Body Abs Fitness Centre

    ZIDA- Invest in Zimbabwe, Secure your business’ future in Zimbabwe

    ZIDA- Invest in Zimbabwe, Secure your business’ future in Zimbabwe

    Food Trail: Farah Khan visits Sirdanci Mehmet’s new restaurant @ Jumairah

    Food Trail: Farah Khan visits Sirdanci Mehmet’s new restaurant @ Jumairah

  • Fashion & Style
    Dubai Super Sale: Get Upto 90% Off At Shopping Malls

    Dubai Super Sale: Get Upto 90% Off At Shopping Malls

    Caribbean Sun Sunglasses Launches New Website

    Caribbean Sun Sunglasses Launches New Website

    Each One, Teach One with The Queen’s Collection

    Each One, Teach One with The Queen’s Collection

    5,000-plus deaths under Ethiopia’s Tigray blockade

    Kim Jones back on runway as Fendi channels celestial Rome

    Feds launch website for claiming part 2 of child tax credit

    Dior couture celebrates the craft of fashion in Paris show

    Monthlong pandemic lockdown lifted on China’s Xi’an

    Kenzo returns to Japanese roots in history-making moment

    Asian shares mixed after China reports slowing growth

    Jeff Goldblum, Kyle MacLachlan bookend Prada menswear show

    Fendi leads Milan trends with feminine silhouettes for men

    Fendi leads Milan trends with feminine silhouettes for men

    Yili Expands Global Presence with Launch of New Dairy Production Base in Indonesia

    Tsz Wan Shan Centre Presents a “Purple Christmas”, Capsule Machine-Inspired 5-Metre-Tall Christmas Tree Aglow in the Sky Garden

  • Finance
    India bans exports of wheat, citing threat to food security

    Bitcoin tumbles, a stablecoin plunges in wild week in crypto

    India bans exports of wheat, citing threat to food security

    GOP’s new midterm attack: Blaming Biden for formula shortage

    China fights economic slump, sticks to costly ‘zero COVID’

    Japan’s SoftBank sinks to losses as investments sour

    China fights economic slump, sticks to costly ‘zero COVID’

    Powell: ‘Soft’ economic landing may be out of Fed’s control

    China fights economic slump, sticks to costly ‘zero COVID’

    Senate confirms Powell for 2nd term as Fed fights inflation

    China fights economic slump, sticks to costly ‘zero COVID’

    Crypto meltdown prompts Yellen to call for new regulation

    China fights economic slump, sticks to costly ‘zero COVID’

    China fights economic slump, sticks to costly ‘zero COVID’

    Inflation triggers California minimum wage increase in 2023

    Inflation triggers California minimum wage increase in 2023

    Dollar hits 9-month high as Fed on track to taper this year

    US dollar rate drops in some local banks

No Result
View All Result
Asian Herald
No Result
View All Result
Home Finance

Asian stocks slump after Fed says US rates will rise ‘soon’

Editorial Desk by Editorial Desk
January 27, 2022
in Finance
0
Abraaj founder fined staggering $135M by Dubai regulator
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

BEIJING — Asian stock markets tumbled by unusually wide margins Thursday after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation.

Tokyo’s market benchmark fell more than 3%. Hong Kong and Seoul lost more than 2%.

Wall Street’s benchmark S&P 500 index lost 0.1% on Wednesday after a Fed statement said the U.S. central bank “expects it will soon be appropriate” to raise rates. Investors expect as many as four rate hikes this year, starting in March. The Fed said monthly bond purchases that push down long-term rates by injecting money into the financial system would be phased out in March.

“The Fed’s decision will reverberate globally, meaning that the era of low interest rate, ultra-low interest rate is over,” said Francis Lun, CEO of Geo Securities in Hong Kong. “All the central banks will start to fight inflation instead of trying to stimulate the economy.”

The Nikkei 225 in Tokyo fell 3.2% to 26,152.12 and the Hang Seng in Hong Kong retreated 2.6% to 23,664.80.

The Kospi in Seoul sank 2.9% to 2,630.78, despite a stunning market debut for battery maker LG Energy Solutions, whose shares started trading at nearly twice their offer price after an initial public offering that drew the equivalent of $13 trillion in bids.

LG Energy Solutions’ shares initially fell but then recovered, gaining 3.3%. The company drew massive interest due to expectations of huge growth in the market for electric vehicles. Its market capitalization of 105.3 trillion won ($87.62 billion) ranks it second in South Korea only to Samsung Electronics Co.

Samsung’s shares fell 2.1% Thursday after it reported its operating profit for the last quarter rose by more than 53% from the same period last year as it thrived during the pandemic while relying on its dual strength in parts and finished products.

The Shanghai Composite Index declined 0.9% to 3,425.28 and Sydney’s S&P-ASX 200 shed 2% to 6,822.10.

India’s Sensex opened down 1.8% at 56,809.30. New Zealand and Southeast Asian markets also declined.

On Wall Street, the S&P 500 slipped to 4,349.93 after being up 2.2% ahead of the Fed announcement.

The Dow Jones Industrial Average fell 0.4% to 34,168.09. The Nasdaq composite was little-changed at 13,542.12, shedding a 3.4% gain earlier in the day.

Wall Street rose immediately after the Fed statement but major indexes gave up their gains as Chair Jerome Powell took questions about how and when the central bank will let its balance sheet shrink after buying trillions of dollars of bonds through the pandemic. That would put upward pressure on market interest rates.

The selling accelerated as Powell acknowledged high inflation that has squeezed businesses and consumers isn’t getting better. That could force the Fed to get even more aggressive about raising rates and removing its support for markets.

The last time the Fed raised rates and shrank its balance sheet at the same time was in late 2018. The S&P 500 lost nearly 20%.

“Since the December meeting, I’d say the inflation situation is about the same but probably slightly worse,” Powell said. “It hasn’t gotten better. It’s probably gotten just a bit worse, and that’s been the pattern.”

Powell also said that there’s room to raise interest rates without hurting the labor market, and wouldn’t rule out the possibility that the Fed could raise short-term rates at any of its seven remaining meetings this year or opt for a larger-than-usual increase at any one of them.

The Fed’s near-zero interest rates helped to boost stock prices for nearly two years, but markets have been volatile since Powell and other officials in mid-December said plans to wind down economic stimulus might be accelerated to fight surging inflation.

In energy markets, benchmark U.S. crude lost 73 cents to $86.62 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.75 to $87.35 on Wednesday. Brent crude, the price basis for international oils, shed 72 cents to $88.02 per barrel in London. It advanced $1.76 the previous session to $89.96.

The dollar edged up to 114.67 yen from Wednesday’s 114.55 yen. The euro declined to $1.1223 from $1.1254.

(Subcribe to Asianherald: The Way Up Begins Soon | Teaser)

Tags: Asian stocks
Previous Post

Australia’s Woodside Petroleum pulls out of Myanmar projects

Next Post

Japan’s Mitsubishi, energy body join Gates’ nuclear project

Next Post
Abraaj founder fined staggering $135M by Dubai regulator

Japan’s Mitsubishi, energy body join Gates’ nuclear project

Top News in World: Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists.

Browse by Category

  • World
  • Politics
  • Business
  • Tech
  • Entertainment
  • Sports
  • Videos
  • Stories
  • Fashion & Style
  • Finance
No Result
View All Result
  • World
  • Politics
  • Business
  • Tech
  • Entertainment
  • Sports
  • Videos
  • Stories
  • Fashion & Style
  • Finance

© 2022 Asian Herarld All rights reserved