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After Russian flows dry up, India pays up to double price for gas

GAIL India Ltd. bought several LNG cargoes for delivery between October and November at more than double the price it paid around this time last year.

European Union seeks emergency powers to prevent supply-chain crisis

The proposal is expected to face strong pushback from businesses and some EU countries

Bitcoin touches 3-month low; Ether extends fall since 'Merge' update

Investors are bracing for volatility from the jumbo Federal Reserve interest-rate hike expected Wednesday to fight price pressures.

Global race to hike interest rates tilts economies towards recession

BofA sees UK and euro area falling into recession in the fourth quarter as surging energy costs take their toll on economies this winter

Boost for Europe market as Porsche IPO to raise up to $9.4 bn for parent VW

Porsche isn't alone in scaling back valuation targets, with Intel Corp. lowering expectations for its Mobileye IPO

Gold's allure to dim in India due to lower rural income, says report

Gold consumption surged to 800 tons last year as the easing of virus-related restrictions unleashed demand. The jump in demand and rising imports forced the government to raise the import tax on gold

Gautam Adani's rise to world's second-richest boosts equities' clout

Eight firms controlled by Adani's ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index's surge since end-June

China's provinces suffer major fiscal hit from nation's Covid Zero policy

China's doubling down on its zero-tolerance stance toward Covid-19 is draining local-government coffers, posing a fresh threat to the economy and bond investors

Stagflation-free Asia leaving taper tantrums behind as currencies fare well

The foreign-exchange stockpiles Asian economies built up have helped cushion the impact of this year's market turmoil, which has spurred the largest equity outflows for at least a decade.

Oyo files fresh docs with Sebi for IPO in early 2023 as growth resumes

Oyo, formally known as Oravel Stays Ltd., is internally working toward a January IPO as executives are encouraged by a pick-up in demand

Supply chains aren't broken, have evolved for the better in some places

The dismal state of American manufacturing combined with resilient Asian supply chains has brought into focus the crucial global role of industrial giants like South Korea, China and Japan

Three key trades to watch before another jumbo Fed interest rate hike

Investors bracing for another jumbo Federal Reserve rate hike are focused on a few key trades: betting on deeper inversion in the US yield curve, further losses in stocks and a stronger dollar

EU recommends withholding funds for Hungary over graft concerns

The European Commission has today proposed budget protection measures to the Council under the conditionality regulation

Russia's secret gem sales fracturing diamond trade from Mumbai to New York

Many in the industry refuse to deal in Russian gems following the invasion of Ukraine and after mining giant Alrosa PJSC was hit with US sanctions

Tech rivalry with US is adding headwinds to China's troubled stock markets

From biotech to electric vehicles, shares of China's key manufacturers have seen heavy selling recently as US initiatives to secure domestic supply chains and solidify its industrial superiority

China's Chengdu to lift Covid lockdown of whole city from Monday

Local residents still need to have at least one Covid test each week and negative results within 72 hours are needed for entering public venues and taking public transportation

Pakistan facing risk of fresh floods, more deaths as toll crosses 1,500

Although waters have started receding in some areas, authorities are worried heavy rains in parts of neighboring India could swell key rivers in Pakistan

German Chancellor Olaf Scholz betting billions of euros on securing energy

Scholz's strategy adds pressure on the country's finances at a time when Germany already risks tipping into recession

As US' IPO market languishes, stock listings head east to booming China

Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show

ByteDance to buy back $3-billion shares after IPO stalls, says report

The offered price per share of just under $177 gave the company an implied valuation of $300 billion