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Anil Agarwal faces key vote for plan to tap Vedanta cash reserves

Shareholders of Indian unit Vedanta Ltd. will on a company plan to move money out of its reserves and into its balance sheet, increasing the probability that the funds will be used for dividends

UK shows labour market slowdown with recession concerns rising: Survey

As a result, vacancies and the number of people placed in roles both rose at the slowest pace in more than a year and a half

Looking for job? US searching for foreign workers; hiring needs moderating

The Federal Reserve is raising interest rates aggressively to help lower spending on goods and services and reduce demand for workers, which could in turn soften wage growth

World currency reserves shrink by $1 trn this yr in record drawdown

Reserves have declined by about $1 trillion, or 7.8%, this year to $12 trillion, the biggest drop since Bloomberg started to compile the data in 2003

Apple's 1.1 bn euros French anti-competitive agreement fine slashed by 66%

"The 90% multiple is disproportionate," the court said in its ruling. "A 50% multiple is sufficient to guarantee that the penalties are repressive and dissuasive"

Credit Suisse's shares need 'clarity' to halt slump, says JPMorgan

While the bank continues to get buffeted by negative newsflow on uncertainty over its strategy, clarity on its restructuring plans can help to restore stability, wrote expert in a note

India, Indonesia debt outperforms China despite volatile global markets

The two countries' sovereign debt only lost 0.4% and 1.5% respectively for dollar-based investors in the third quarter, less than other emerging markets in Asia including China

HSBC Holdings hires Credit Suisse's Chua for top M&A business in Asia

Credit Suisse Group AG's Christopher Chua is leaving the bank to help oversee the Asia mergers and acquisitions business at HSBC Holdings Plc

Fitch Ratings cuts UK's credit outlook to negative on fiscal risk

The UK's credit outlook was lowered to negative from stable by Fitch Ratings, which cited risk the government's new growth plan could increase the nation's fiscal deficit

Secretive Chinese chip startup may help Huawei circumvent US sanctions

The Chinese technology giant is providing support to a startup in its hometown of Shenzhen that has ordered chipmaking equipment -- including from foreign suppliers -- for a semiconductor manufacturin

Uber's former security chief convicted of concealing massive data breach

Uber Technologies' former security chief was convicted of concealing a massive data breach in a case that prosecutors tied to the company's troubled past under its original leadership

Apple made illegal anti-union threats in Oklahoma, alleges complaint

Apple is violating federal labor law by engaging in surveillance and interrogation of employees, according to the CWA's claim

Emerging mkts close to completing current bear-market cycle: Morgan Stanley

It's highly likely these markets are bottoming amid "abundant" signs of capitulation, the investment bank's strategists including Jonathan Garner wrote in note

Virgin Atlantic pulls out of Hong Kong; cancels flights, closes offices

Virgin Atlantic Airways Ltd. hasn't operated any passenger flights to Hong Kong since December, after the city banned all flights from the UK during the depths of Covid

Credit Suisse loses Asia deputy wealth management head as departures mount

Credit Suisse Group AG's deputy wealth management head for Asia is leaving after about two decades with the bank, joining a wave of departures from the embattled firm

India's Mars orbiter dies after 6-month mission lasts eight years

The orbiter, called Mangalyaan in Sanskrit, made India only the fourth nation to reach the distant planet; it garnered global attention primarily for its shoestring budget

Coal revival may push power sector's carbon emissions to record high

The jump in fossil fuel use pushed emissions from electricity production up 1.7%, or 133 million tons, in the first eight months of this year, climate think-tank Ember said in a report

Cultural shock: How will Twitter fare under Elon Musk's leadership?

Elon Musk is reviving his original $54.20 takeover bid for Twitter Inc., perhaps because he doesn't want to go through a legal process that divulges more embarrassing text messages

OPEC+ considers output-limit cut of as much as 2 million barrels a day

OPEC+ is considering its biggest production cut since 2020 as it tries to stabilize oil prices, a move that risks cranking up tensions with Washington

Elon Musk's losses in Twitter court fight foreshadowed his surrender

Elon Musk dropped his bid to walk away from a $44 billion buyout of Twitter Inc. after losing a series of pre-trial rulings that may have foreshadowed difficulties in making his case in court.