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Dwindling foreign exchange reserves spells risk for EM currencies

Thailand saw the biggest drop in reserves as a percentage of the gross domestic product, followed by Malaysia and India, according to data compiled by Bloomberg

RBI's expected soft landing for India means fast, if not fastest, growth

Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month

Goldman to cut hundreds of jobs in its biggest layoff since the pandemic

The Wall Street titan plans to eliminate several hundred roles starting this month, according to people with knowledge of the matter

Asian countries spend big on fuel oil amid global gas shortage concerns

Japanese imports of the fuel, which can be used instead of natural gas to produce electricity, surged to a four-year high in August, and are set to stay high in the coming months

KKR seeks advisers to sell stake in Avendus Capital, says report

The private equity titan is close to appointing two banks to manage the formal process for the transaction, the people said, asking not to be named as the information is not public

Disney films series on 'Mahabharata' to gain stronger foothold in India

"Mythology has always been one of the most popular genres on Indian television," said Mihir Shah, the Mumbai-based vice president at consultancy Media Partners Asia.

Global job market's rebound from Covid-19 pandemic is now at risk

Real wage growth has been under pressure since 2021-end and will continue to decline in many countries, according to an OECD report

How a startup in Pakistan folded just a year after raising $85 million

Airlift started by operating vans and small buses used by office workers and students. When that business slowed during the pandemic, the company pivoted to quick commerce

Bezos' Blue Origin rocket suffers failure seconds into uncrewed launch

No people were on board for Monday's flight, which was carrying a host of payloads, though a similar version of same vehicle is used to regularly take paying customers to the edge of space and back

Investors left empty-handed in IndiGo block trade due to slippage

None of the investors lined up by the banks working on billionaire Rakesh Gangwal's sale of part of his family's stake in IndiGo got any shares in the block trade as a result of slippage

Goldman Sachs plans to cut several hundred jobs starting this month: Report

While the total number is less than some previous rounds, the reductions are a resumption of Goldman's annual culling cycle that it had largely paused during the pandemic.

India likely to offer $2.5 billion lifeline to cost-hit oil companies

The three biggest state-run retailers, which together supply more than 90% of India's petroleum fuels, have suffered the worst quarterly losses in years by absorbing record international crude prices

Govt plans Rs 20,000-cr aid to oil firms hit by soaring costs: Report

The oil ministry has sought a compensation of Rs 28,000 cr, but the finance ministry is agreeing to only about a Rs 20,000-cr cash payout, say sources

Putin will love seeing lots of western Europeans protest this fall

This fall, civil unrest is likely to heat up in 101 countries (out of 198 monitored), according to an index developed by Verisk Maplecroft, a research firm

Russian defenses crumble as Ukrainian forces retake key territory

Russia's Defense Minstry on Sunday published a map showing much of the country's forces out of the Kharkiv region, without commenting further

Retail prices may continue to remain elevated even as wholesale prices ease

With wholesale prices galloping in double-digits since April last year, companies found themselves in a fix, raise prices too much and hurt a nascent recovery in demand or absorb costs and take a hit

Bailout euphoria by IMF signals peak of pessimism in emerging markets

The IMF has been sewing up or inching toward loan agreements with some of the most vulnerable nations -- namely Pakistan, Sri Lanka, Zambia, Egypt and Chile -- after months of negotiations

Global recovery is sending flares as manufacturing takes a hit in Asia

All the attention devoted to inflation slaying is muting some disturbing signs on the growth side of the equation

An $83 billion investor stampede shows scale of Europe's woes

Europe's woes have grown particularly acute in recent months as the region stares down the threat of a recession just as its central bank embarks on an aggressive campaign to tame inflation

Emmanuel Macron urges Putin to remove weapons from around nuclear plant

The pair spoke after the last operating unit at the Russian-occupied facility was shut safely -- dialing back, for now, the "precarious" danger level cited on Friday by the UN's atomic agency