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Modi govt seeks to free up $12 billion to tackle inflation before LS vote

It would be the second straight year of similar adjustments to contain costs for consumers after the government unveiled a $26-billion plan last year

Govt likely to slash duty on UK cars, scotch whisky under trade pact

Striking a trade accord is critical for India's ambition to become a manufacturing powerhouse, while the UK is seeking to clinch new deals to highlight the benefits of Brexit

China dragging global smartphone market to worst year in a decade

"Asia is one of the major hurdles to positive growth, as headwinds halt the economic turnaround anticipated for China," the report said

China's housing slump much worse than data shows amid tepid growth

New-home prices have slipped just 2.4 per cent from a high in August 2021, government figures show, while those for existing homes have dropped 6 per cent

JPMorgan index may include India's sovereign bonds in 2024, says Pictet

India has in recent years come close to opening its $1 trillion government debt market to more global funds before pulling back from meeting the requirements for index inclusions

World Bank's return to office spurs grumbling but it comes with perks

The new president of the Washington-based bank, Ajay Banga, is pushing ahead with plans to have employees work in the office four days a week by Sept. 5

Emerging Asian bond investors turn cautious as rate cut wagers disappears

Market sentiment is starting to shift as rising commodity prices keep the policymakers from letting their guard down on inflation

Tech companies are slowing layoffs but still not yet resuming hiring

Still, job cuts in the tech industry appeared to slow in June and July and are on track to be even lower this month, according to an analysis by research firm Jefferies

Apple's supplier Foxconn begins iPhone 15 production in Tamil Nadu

A Foxconn Technology Group plant in Sriperumbudur is preparing to deliver the newest devices only weeks after they start shipping from factories in China

Hollywood strikes pose credit risk for $113 million municipal bond deal

Seller of debt, group affiliated with Academy of Motion Picture Arts and Sciences, is familiar to muni-market participants because it has issued bonds several times for its LA museum

UK headline inflation rate easing but sugar, rent, insurance surging

fficial statistics showed the Consumer Prices Index slid to 6.8% last month from a four decade peak of 11.1% late last year

Amazon is imposing fee on sellers who don't use its logistics services

The company didn't explain to sellers why the levy was required, but said in a report that it will help cover the costs of running a separate infrastructure and measuring its effectiveness

US factory output up first time in 3-months on surge in vehicle production

Total industrial production, which includes mining and utilities, jumped 1%, the most since the start of the year

Tesla cuts prices 2nd time in 3 days, concerns of reigniting price war

The automaker announced last month that global production would drop in the third quarter due to downtime for factory upgrades, without offering specifics

Wheat prices rise after Russian attack on Ukrainian Port on Danube river

The escalation of hostilities in the breadbasket region could compound trade disruptions, after Russia pulled out of the Black Sea grain deal last month

Germany and Spain in contest for $4.8 billion Indian submarine deal

Indian officials are currently evaluating competing bids to build six of the vessels in the country, senior Indian officials aware of the developments said, asking not to be named

Bitcoin's extreme volatility vanishes amid 'extreme apathy and exhaustion'

It's an unusual stretch of calm for the token, which has over the years garnered attention for its wild price swings

Adani Power has shares worth $1 bn change hands in attempt to recover

The company's stock fell as much as 4.1% after the bunched trades to Rs 274.4 ($3.30) and based on the average price, the deals are worth $1 billion, according to Bloomberg calculations

FedEx grapples with improving contractor safety amid push to merge fleets

The amount of self-insurance reserves FedEx sets aside to cover claims surpassed $5 billion for the first time during the fiscal year ending May 31, up from $2.47 billion in 2017

India's no 2 tycoon Gautam Adani may avoid stepping on Mukesh Ambani's toes

A fresh blow arrived Saturday as Deloitte Haskins & Sells LLP, the auditor of Adani's ports unit, abruptly resigned the same week June quarter results showed record revenue and operating profit