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China's Country Garden signals default, hires advisers as sales plunge

Country Garden, which has become a symbol of China's property debt crisis, said that it had not made a due payment in the amount of HK$470 million ($60 million) under certain of its indebtedness

India GDP: Cricket World Cup economic boost is threatened by taxes

An additional $2.6 billion spent on everything from ticket sales and TV rights to tourism and food delivery may lift India's GDP by as much as $1 billion, they say

US planning crackdown on Russian G7 oil sanctions evasion, says Yellen

Yellen said the recent surge in bond yields has not created dysfunction in US financial markets

Claudia Goldin wins the Economics Nobel for work on gender pay gap

The economic sciences award was added by Sweden's central bank in 1968, called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

Govt to scale back on investment as it curbs budget deficit: Goldman Sachs

This move will give the private sector scope to pick up the slack in the coming years

Hinduja Group in talks with private debt funds to raise around $800 million

India has become a hotbead for private credit activity, in part because regulation forbids local banks from extending loans for mergers and acquisitions

Govt demands e-scooter makers return $60 mn aid for using China parts

It turned out that some manufacturers were importing ready-to-use parts, mainly from China, and thus had little control over the quality of their end products

Cricket fans lash out at BCCI over World Cup ticket chaos, shoddy planning

Earlier, the BCCI also made a last minute schedule change to the same game to accommodate the festival of Navratri, prompting further outcry by spectators who had already made travel plans

Oil prices soar as Hamas' attack on Israel fans Middle East tensions

West Texas Intermediate rose above $86 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day

As Israel-Hamas war escalates, crude oil traders are focused on Iran

The energy minister of the United Arab Emirates, a key OPEC member, was clear on Sunday that the conflict wouldn't affect the group's decision-making

Philippines raises $1.3 billion from sale of retail dollar bonds

The government sold its maiden retail dollar bonds in October 2021, when it raised $1.6 billion

Aramco, Siemens to sign pilot project for carbon capture and storage

Extracting carbon dioxide from the atmosphere rather than sources of emissions, the direct-air method is the costliest application of carbon capture, according to the International Energy Agency

US inflation seen corroborating higher for longer Fed, CPI increase at 0.3%

Resilient demand in the world's largest economy, bolstered by unrelenting job growth, has complicated Federal Reserve efforts to get inflation down to its preferred level

Climate change blamed as Europe's cities see heat waves in Autumn

London, which endured some cold and bleak weather during the summer, is forecast to reach at least 22C on three of the next five days, while Paris climbs to 26C on Tuesday

Israel declares 'state of alert' for war as rockets from Gaza hit country

Videos were circulating on social media from Gaza of militants dragging the bodies of several Israeli soldiers into the streets in celebration

Nato in a bind as Russian attacks edge closer to alliance's territory

As Ukraine reaps a bumper harvest, Russia is targeting the export routes that run from the ports around Odesa

RBI raises guardrails ahead of global index inflows, may sell bonds

The inflows will add to the RBI's challenge of keeping liquidity on a leash even as it may need to buy dollars to prevent a sharp appreciation in the rupee

Google changed ad auction formula in 2017, raising prices 15%, says witness

Google's advertising auctions require the winner to pay only a penny more than the runner-up

Alphabet CEO Sundar Pichai set to testify in Google Play antitrust trial

Pichai is also scheduled to testify in coming weeks in the ongoing Washington trial in a suit brought by the US Justice Department accusing Alphabet of maintaining a monopoly in web search

Loans to overdrafts: US bond yield at 5% means pain heading everyone's way

The US Federal Reserve's benchmark interest rate was 0, while central banks in Europe and Asia even ran negative rates to stimulate economic growth after the financial crisis and through the pandemic