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People's Bank of China offers record $112 bn of cash as economy struggles

China's economy has struggled this year as a rebound from restrictive Covid Zero policies proved to be weaker than expected and the property crisis deepened

Tesla autopilot recall threatens its defence in lawsuits over crashes

An increased threat of losses for Tesla in Autopilot litigation could embolden others to challenge the technology in court and force the company to pay compensatory damages

Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom

The Mumbai-listed company is seeking to hire at least seven senior investment bankers in the coming year for sectors such as industrials and digital technology

China's central bank injects $112 bn of cash to revive economic growth

The People's Bank of China offered commercial lenders 1.45 trillion yuan ($204 billion) via its medium-term lending facility - 800 billion yuan more than the expected maturity this month

President Biden urges Israeli caution as leaders eye 'lower-intensity' war

Biden has delivered increasingly urgent appeals to Israel to exercise restraint in its Gaza offensive following Hamas's Oct. 7 attack

Janet Yellen to visit China again in 2024, to focus on 'difficult' topics

Yellen emphasized the importance of using her exchanges with China to gather information about the world's second-largest economy

Why large consumer brands have a lot at stake in Disney, Sony deals

The first of these two transactions may come as early as Monday and would see Walt Disney Co. enter into a non-bidding agreement with Mukesh Ambani to merge their media businesses in the country

Go Air troubles mount as billionaire-backed Indian airline nears collapse

Chief Executive Officer Kaushik Khona quit at the end of November, saying he couldn't get the carrier flying again and that staff hadn't been paid for six months

Bank of England holds rates with warning of 'way to go' on inflation

The UK central bank's decision contrasted with the US Fed's admission last night that reductions were on the agenda, reiterating that BOE policy will be "sufficiently restrictive" for long

European Central Bank holds rates as inflation cools but hastens bond exit

The deposit rate was left at a record 4% with the ECB reiterating that this level will make a "substantial contribution" to returning consumer-price growth to its 2% goal

China's Country Garden prevents worsening of debt crisis with payment

The distressed builder's onshore unit, Country Garden Real Estate Group Co., repaid in full $111 million bond with a put option that expired Wednesday, it said in a filing

Russian President Putin vows victory in war as West wavers on Ukraine

Putin is holding the news conference for the first time since he ordered the February 2022 invasion of Ukraine

Adani Ports plans to issue $120 million rupee bond sale, first since 2021

Flagship Adani Enterprises Ltd. became the first of Indian billionaire Gautam Adani's firms to sell local-currency bonds, since being targeted by US short seller Hindenburg Research in January

iPhone maker Apple's market value approaches that of French stock market

The combined market value of companies listed in Paris was about $3.2 trillion as of Wednesday's close versus the technology giant's $3.1 trillion

Gautam Adani's copper foray may further tighten global supply of ore

India's imports of copper concentrate could grow to as much as 2 million tons in 2024, from 1.3 million tons estimated for this year, said Soni Kumari, commodity strategist at ANZ Banking Group

In a blow to Tesla, Indian govt says not planning to reduce EV import tax

Parkash said existing policies under the government's "Make-in-India" push are aimed at encouraging domestic and foreign investment in the EV industry

After bumper years, oil demand growth in Indian market to taper in 2024

Consumption will expand 150,000 barrels a day in 2024, down from about 290,000 barrels a day seen from 2021 to 2023, according to Rystad Energy Head of Oil Trading Mukesh Sahdev.

World's top spaceport faces hard times as Russia, Kazakhstan squabble

But plans for the site meant to help propel Russia's efforts in the new space age risk running off course

Nasdaq hit by system error affecting thousands of trades, nixing some

The incident, starting around 2:30 p.m. New York time, involving "certain FIX/RASH order entry ports," Nasdaq said in an emailed statement that didn't elaborate on the cause

Adobe signals slow growth in generative AI tech, disappoints investors

In the fiscal fourth quarter, sales increased 12% to $5.05 billion. Profit, excluding some items, was $4.27 a share