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Japan's budget to hit record, but with reduced new bond issuance: Report

Tax revenue is projected to rise 8.8 trillion yen from this year's initial estimate to a record 78.4 trillion yen, thanks in part to a recovery in corporate profits, according to the draft

Russia says pipeline gas, LNG exports to Europe up by 18-20% in 2024

Russian pipeline gas exports to Europe face serious challenges

China issues 19 mn metric tons of fuel under 2025 1st batch export quota

China manages its refined oil exports via a strict quota system, using exports as a tool to balance and ensure the domestic market is sufficiently supplied

KKR and Bain each bid over $5 bn for Seven & i's York Holdings spin-off

KKR offered around 800 billion yen ($5.1 billion) for York Holdings, an entity due to be spun out of the Japanese retailer, two of the people said

US Steel takeover plan has support in steelmaking areas: Nippon Steel Prez

On Monday, a US foreign investment committee referred the decision whether to approve or block the $15 billion deal to US President Joe Biden, who has 15 days to decide

Toyota global production down for 10th month despite rising sales

The world's biggest automaker manufactured 869,230 vehicles globally in November, down 6.2 per cent from the same month last year

Honda-Nissan's $6.4 bn merger: Big synergies, but is time on their side?

Honda has focused more on hybrids and unlike Nissan offers the models in the United States, where demand for the cars has surged

Global hunger crisis rises rapidly as major countries cut back on aid

The United Nations says that, at best, it will be able to raise enough money to help about 60 per cent of the 307 million people it predicts will need humanitarian aid next year

Ventive Hospitality IPO gains 9.82 times subscription on last day of offer

As of September 2024, the company's portfolio has 11 operational properties, comprising 2,036 keys across the luxury, upper upscale and upscale segments

Ousted Bangladesh PM Hasina's son denies graft in $12.65 bn nuclear deal

Bangladesh's Anti Corruption Commission said on Monday it had launched an enquiry into allegations of corruption, embezzlement and money laundering in the Rooppur Nuclear Power Plant project

Apple seeks to defend Google's billion-dollar payments in search case

Prosecutors will seek to show Google must take several measures, including selling its Chrome web browser and potentially its Android operating system, to restore competition in online search

Big banks, business groups sue US Federal Reserve over annual stress tests

These tests determine the capital banks must set aside to meet their obligations and also dictate the scope of dividend payouts and stock buybacks

India's small businesses drive jobs growth, wage gains curbed by inflation

The number of small manufacturing businesses, mainly family- owned units such as garment makers, auto component makers and food processing enterprises, grew to 20.15 million

More than 5,000 Starbucks workers strike at 300 plus stores across US

The Christmas Eve strike on Tuesday was projected to be the largest ever at the coffee chain, the union added. These strikes are an initial show of strength, and we're just getting started

Sold net $9.28 bn in spot forex market in October, says RBI Bulletin

The RBI's net outstanding forward sale stood at $49.18 billion as of October end, compared with a net sale of $14.58 billion at the end of the previous month, the data showed

American Airlines lifts ground stop after unspecified technical issue

A notice on the US Federal Aviation Administration website merely said the company had requested a nationwide groundstop, without giving a reason

Gold edges higher in holiday trading, focus remains on Fed outlook

After aggressively cutting rates in September and November this year, the Fed persisted with cuts in December but hinted at fewer reductions in 2025

Govt reviews $30 billion sulphur-cutting programme for coal plants

Instead of FGDs, government officials have proposed deploying locally made electrostatic precipitators that remove fine particles such as dust and smoke from emissions

Govt's push for home-grown satellite constellation gets 30 aspirants

The regulator had sought "expressions of interest" (EoI) in July to build home-grown satellite constellations as part of a broader strategy to monetize the sector and ensure data sovereignty

State refiners may buy Middle East spot oil to replace Russian shortfall

The refiners fear continued problems in securing Russian oil in the spot market could continue in coming months