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US Prez Biden backs Israel's hospital raid, hopeful on hostage release

The president said he is "mildly hopeful" Israel and Hamas can reach an agreement to release hostages held by the militant group, adding he is "doing everything in my power" to free them

China housing gloom worsens as prices decline further, most in eight years

New-home prices in 70 cities, excluding state-subsidized housing, declined 0.38% last month from September, when they dropped 0.3%, National Bureau of Statistics figures showed

Pakistan gets initial nod from IMF on $700 mn loan tranche of $3 bn scheme

The Washington-based lender announced that it reached a staff-level agreement to give the nation access to a payout of roughly $700 million - subject to approval from the IMF's executive board

Indian pharma firm recalls 27 types of eyedrops in US made for CVS, Walmart

The Food and Drug Administration warned consumers last month not to purchase or use store-brand eyedrops from Walmart Inc., CVS Health Corp., Target Corp. and other companies

Why India's cricket league should turn down Saudi's $5 bn proposal

With its active support for expanding fossil fuel use, the Saudi government is wrong partner for the IPL and global cricket to achieve these goals

India set for as much as $1.5 billion inflows with MSCI changes: Report

Nine stocks, including private lender IndusInd Bank Ltd. and wind-turbine maker Suzlon Energy Ltd., will be added to MSCI's global standard gauge on Nov. 30

China claims world's fastest internet with 1.2 terabit-per-second network

The network "is operated based on China's domestically-owned key technologies," the official Xinhua News Agency said in a report carried on Tsinghua's website

Actis's Sanjiv Aggarwal said to be frontrunner for India NIIF CEO job

The board of the National Investment & Infrastructure Fund has recommended Aggarwal for the role of Chief Executive Officer, the people said, asking not to be identified as the information is private

UBS Group is calling time on Indian stocks' outperformance over China

Stocks in China have currently priced in "lots of negatives," making them poised for a sharp rebound when catalysts arrive, said Sunil Tirumalai, UBS' global emerging market strategist

Xi calls for economic exchanges with Taiwan before meeting with Biden

Xi urged more efforts "to facilitate economic exchanges and cooperation and advance integrated development in all fields across the strait," the official Xinhua News Agency reported

Warren Buffett's Berkshire trims its HP stake, exits bet on General Motors

The conglomerate's retreat from Activision completes Buffett's arbitrage play amid the video-game maker's prolonged effort to merge with Microsoft Corp.

Israeli forces begin 'targeted operation' at Gaza's main Al-Shifa hospital

The scale of Israel's move wasn't immediately clear. The IDF said its forces included medical teams and Arabic speakers.

Here's why iPhone maker Foxconn is now chasing satellites and EVs

Foxconn Technology Group's second-straight slide in sales lays bare the folly of the Taipei-based manufacturer relying on Apple Inc. for more than half its business

Here's why India and UK are acting like cowards on the free trade agreement

Indian negotiators are pushing for strict "rules of origin" checks for tradable goods, to make sure that any FTA benefits apply only to goods made predominantly in Britain

China plans to allocate $137 bn of new funds to aid housing market

The outstanding amount of funds lent through the PSL program stood at 2.9 trillion yuan as of October.

For Google Play, dominating android world was 'existential': Report

Epic is seeking to show that executives at the Alphabet Inc. unit were eager to discourage the proliferation of third-party app stores

Huawei and Xiaomi lead China smartphone market's double-digit rebound

Phone sales in the world's biggest mobile market were up 11% in the first four weeks of last month compared to the same period a year ago, according to Counterpoint Research data

iPhone maker Foxconn's profit beats views in sign of resilient demand

Net income in the September quarter came to NT$43.13 billion ($1.3 billion), compared to the average analyst estimate of NT$34 billion

China's support for certain industries poses global 'risk', says Yellen

Yellen added that she discussed China's growth slowdown with APEC, who agreed that it presented 'downside risk to the economic outlook' particularly for APEC nations with strong trade ties to Beijing

For Google Play, dominating the Android ecosystem was 'existential'

Epic is seeking to show that executives at the Alphabet Inc. unit were eager to discourage the proliferation of third-party app stores that would cut into Google Play's operating profit