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US production is growing steadily in February and input prices are rising

U.S. manufacturing activity grew steadily in February, but a measure of the prices factories paid for raw materials rose to the highest level in nearly three-and-a-half years, underscoring upside risks to inflation amid tariffs even before a U.S.-led attack on Iran sent oil prices higher.The Institute for Supply Management said Monday that the manufacturing PMI […]

There are no insurance companies that receive maritime war risk reinsurance support from GIC Re for certain risk zones

GIC Re’s decision will impact general insurance companies in the public and private sectors in the field of ship hulls | Photo credit: REUTERS No insurance company will receive reinsurance support for hull war risks from GIC Re for certain risk zones indefinitely, effective Tuesday evening. This move by GIC Re, the largest reinsurer in […]

Sebi imposes a fine of Rs 38 lakh on Coffee Day Enterprises and executives for lapses in financial disclosure

The Securities and Exchange Board of India (Sebi) on Monday imposed a fine of Rs 38 lakh on Coffee Day Enterprises and its nine officers after an investigation found that they had misstated financial results and financial statements.The market regulator has conducted an investigation to identify possible violations of its provisions. The study period covered […]

High-risk zone? Analysts are divided as Bitcoin (BTC) ignores the geopolitical chaos

Analysts say geopolitical shocks have failed to undo the existing bullish short-term and bearish medium-term outlook. Bitcoin’s response to escalating geopolitical tensions over the weekend was limited, even as traditional markets reacted more sharply. BTC fell to around $65,500 on Monday after trading in a volatile range between around $63,000 and $68,000, after markets reacted […]

Google’s new data center in Minnesota comes with the largest battery in the world, and won’t increase electricity bills

New data centers can lead to higher electricity bill And stopping aging, outdated coal-fired power plants. But a Google project in Minnesota is taking a different approach: The tech giant is paying to build up enough clean energy so that existing customers don’t have to foot the bill, and the power grid is getting innovative […]