Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work.
Facebook will restore Australian news pages, ending an unprecedented week-long blackout after wringing concessions from the government over a proposed law that will require tech giants to pay traditional media companies for their content.
Australian lawmakers are expected to hold a final vote on Tuesday on whether to endorse legislation that would force Facebook and Alphabet Inc's Google to pay news outlets for content.
Read more about Shares trim gains; Asian shares advance on Business Standard. The domestic equity barometers came off the day s high in mid-morning trade. The Nifty was trading a tad above the 14,800 mark. Capital goods stocks were in demand.
Facebook said on Tuesday it would restore Australian news pages after negotiating changes with the government to a proposed law that forces tech giants to pay for media content displayed on their platforms.