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Supply chains inching back to normal brace for headwinds of softer demand

Citi cautioned against declaring an 'all clear' on the supply front

IMF to slash global economic growth outlook 'substantially' at next review

The IMF already downgraded its outlook for the global expansion this year to 3.6 per cent, from 4.4 per cent before the war in Ukraine, in its April report

Fuel demand in India declines in July so far adding to oil's gloom: Report

The three biggest retailers sold 1.28 million tons of gasoline during July 1-15, down about 8% from the corresponding period in June, according to refinery officials with knowledge of the matter

London's Heathrow goes from Europe's gateway to UK's travel nightmare

For Heathrow and the rest of the aviation industry, I think it's key to focus on getting sorted for summer 2023, although the gloomy economic outlook makes it much harder to forecast demand

China property sector major drag on economy; contracts for 4th straight qtr

Output in the real estate industry, a key economic contributor, contracted 7% in the second quarter from a year ago, the National Bureau of Statistics said in a report Saturday

Surprise tightening in Asia increases pressure on dovish central banks

Singapore and the Philippines both tightened their monetary policies in emergency moves after data showed inflation in the US was running hot and the Federal Reserve was considering another large hike

As Fed heads toward 75-basis pt rate hike, officials wary of bigger move

Interest-rate futures contracts currently imply a roughly one-in-six chance that the Fed will hike rates by a full point this month, with a 75 basis-point hike regarded as certain

Elon Musk says Twitter dragged feet on deal and now rushing trial

In response to Musk's requests for specifics on spam and robot accounts, Twitter officials said they made available all the information they had by providing their whole "firehose" of data

China's economy grows 0.4% in June quarter, set to miss fiscal target

China's economy logged a 2.5 per cent YoY growth in the first half of 2022, official data showed on Friday

Swapping batteries: How India is moving ahead with adoption of EVs

Across the Indian capital's dense localities, battery swapping stations are becoming a frequent site at local provision stores and small retail outlets

Sri Lankan President Rajapaksa heads to Saudi Arabia via Singapore: Report

The leader missed a Wednesday deadline to submit his resignation after he fled the country for the Maldives as months of inflation-fueled protests gained momentum

With rupee at new low, Indian bonds may be worst hit if recession grips US

Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy

As Adani prepares to bid for 5G, should Mukesh Ambani prepare for battle?

Just the threat that Adani might eventually come after the $2-per-month customer could see capital-starved Vodafone Idea buckle, in which case he could swoop in on it later

Pakistan reaches a staff-level agreement with IMF for $1.2-bn loan

A $1.2 billion disbursement is expected in August after the IMF's management gives final approval

Morningstar cuts hundreds of jobs in Shenzhen amid China restructuring

Several hundred people among its 1,000-strong workforce in the southern technology hub have been affected, the Chicago-based financial services company said on Wednesday

Google to slow hiring for the rest of the year as recession looms

Sundar Pichai said the company will focus on hiring "engineering, technical and other critical roles," in 2022 and 2023

Twitter shares still reflect hope $44-bn deal with Musk gets done

While Twitter plunged further below Musk's $54.20 bid this week, the shares are still pricing in the possibility that the two sides can agree on a transaction at a lower price

Adani, Ambani are driving force of India's M&A activity, says Barclays

However, deal activity in India is going to slow down as investors have turned more cautious with rising interest rates and a falling rupee, says head of investment banking for India at Barclays

As construction gets delayed, Chinese homebuyers refuse to pay mortgages

The payment refusals underscore how the storm engulfing China's property sector is now affecting the country's middle class, posing a threat to social stability

Taper tantrum playbook key for RBI as rupee continues slide to record lows

The rupee has declined almost 7% this year, bringing back memories of the selloff nearly a decade ago, when fiscal and current account deficits also widened