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Reserve Bank's decision to freeze Paytm shows faulty understanding

Last week, the Reserve Bank of India barred the institution from any further deposit or credit transaction in customer accounts, wallets or cards after Feb. 29

Goldman, Morgan Stanley bet on India stocks as Wall St shifts from China

Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination

Economic pessimism hits record in Pakistan ahead of election on Feb 8

Some 70 per cent of Pakistanis said the economic situation around them is getting worse, the highest level in the 18 years that Gallup has been polling them

World Bank Chief Banga says lender 'wasting time' with too many rules

In addition to focusing the bank more on climate change and its consequences since taking over in June, Banga has often flagged what he sees as slowness and inefficiencies of the institution

Qatar hits major LNG growth market India, to hold talks with Gail, IOC

The Persian Gulf producer will hold high-level talks with Gail India Ltd. and Indian Oil Corp. during India Energy Week in Goa, according to traders with knowledge of the discussions

China tightens some trading restrictions for domestic, offshore investors

Some quantitative hedge funds meanwhile were banned from placing sell orders completely starting Monday, while others were barred from cutting stock positions in their leveraged market-neutral funds

Canada extends ban on foreigners buying residential real estate to 2026

Prime Minister Justin Trudeau's government acted to prohibit non-Canadians from buying residential real estate in 2022, with the measure to expire on Jan. 1, 2025

Novo Nordisk buys three plants for $11 billion to boost Wegovy output

Novo's biggest shareholder is buying Catalent Inc., one of the world's biggest drug-manufacturing companies, for $16.5 billion, including debt. In a three-way arrangement

Taylor Swift caps dominant year with record-breaking 4 Grammy wins

Swift had previously been tied with Frank Sinatra, Paul Simon and Stevie Wonder for the most wins in the category. Album of the year was one of two prizes for Swift on the night

US Federal Reserve wary of cutting interest rates too soon: Jerome Powell

Treasuries fell across all maturities at the open in Asia as Powell's comments underscored the likelihood that bond investors had overshot in pricing for rapid rate cuts

Putin to visit Turkey in first trip to Nato country since Ukraine War

Putin's trips abroad have been limited due to the risk of possible arrest on a warrant from the International Criminal Court for alleged war crimes

Govt to review tax on online gaming after March: Revenue Secy Malhotra

Online gaming companies including Delta Corp. and Tiger Global-backed Dream11 have seen an increase in demands and notices from tax authorities amid a crackdown on alleged tax evasion

Sales in global ESG bond market reach $150 billion in busiest January ever

Falling borrowing costs and seemingly insatiable investor demand have turbo-charged issuance in bond markets across the globe

US solar boom opens $2 billion Indian door to banned products from China

Imports of Waaree panels raise questions about how US Customs and Border Protection officials are enforcing a ban on products tied to the repression of Uyghur people in China's Xinjiang region

Oversight board of Meta warns rules on fake posts incoherent, too narrow

The board, which was set up in 2020 by management to independently review some of the company's most significant content moderation decisions

Indian pharma industry relies heavily on ingredients made in China: Report

America's reliance on China for drug ingredients has raised alarm bells in Congress. House committees will hold two hearings Tuesday on drug shortages

Too soon to declare victory over inflation: OECD tells central banks

Global economic growth is proving more resilient and inflation in the US and Europe is easing faster than the organization expected in its November outlook

Russia's energy elite, Indian govt officials try to keep oil flowing

Oil imports from Russia, negligible before Moscow's invasion of Ukraine, climbed steadily through 2022 and the first half of last year as India saw an opportunity to procure discounted barrels

Bond traders pin hopes on dovish RBI pivot to extend Budget rally

Indian bonds have rallied over the past three months, fueled by overseas inflows ahead of global index inclusion starting June

Iran evaded sanctions, moved money using Santander, Lloyd accounts: Report

The banks provided accounts to front companies secretly owned by a sanctioned Iranian petrochemicals company