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Foreigners buy $1 bn in bonds, betting on policy easing after GDP data

The 10-year bond yield has fallen to three-year lows and the spread with the repo rate has declined to a 7-year low

Chinese automakers pivot to hybrids for Europe to counter EV tariffs

Some manufacturers are also shifting production and assembly to Europe to lower the cost around tariffs

Hyundai Motor India to hike prices across all models amid higher costs

The price increase will come into effect from Jan. 1, 2025, the country's No.2 carmaker by market share said

Rupee weakness will not deter RBI from cutting rates, says Nomura

Nomura noted that high prices were concentrated in a few items, including food, rather than being broad-based, and that inflation excluding vegetables and other volatile items was still subdued

Asean ministers to discuss Myanmar at Thailand meeting, says Indonesia

At the invitation of current Asean host Laos, the meeting will talk about ways to approach the crisis which has gripped Myanmar since a 2021 military coup

Any US tariffs on Brics nations could impact semiconductor supply: Malaysia

Trade minister Tengku Zafrul Aziz said Malaysia was closely monitoring developments after US President-elect Donald Trump said Brics members would face 100 per cent tariffs

Bitcoin crosses $100,000 on optimism over Donald Trump's crypto plans

More than 16 years after its creation, bitcoin appears on the cusp of mainstream acceptance, despite naysayers and a history of controversies

Trump's Middle East envoy pushes for Gaza ceasefire before inauguration

Steve Witkoff's conversations appear aimed at building on nearly 14 months of unsuccessful diplomacy by the Biden administration, Qatar and Egypt aimed at a lasting ceasefire

India's Exicom expects EV charger business to bring 50% revenue by 2030-end

The company plans to double that by 2030, said CEO Anant Nahata, as India's electric vehicle sector expands at an annual rate of 30%-50%

Millions in Cuba remain in dark after blackout as national grid collapses

Cuba blames the crisis on US sanctions, which complicate financial transactions and the purchase of fuel

US drug body approves Merus' therapy for lung, pancreatic cancer patients

The therapy, branded as Bizengri, targets the NRG1 gene, which is associated with formation and progression of several tumors

Nissan boss Uchida races to save the struggling company and his job

Uchida's tenure has coincided with a tectonic shift in the automotive landscape, as new EV makers challenge decades-old manufacturers

Asian stocks mixed as US data fuels hopes of Fed interest rate cuts

The S&P 500, Nasdaq and Dow all notched record highs overnight and bitcoin, at times a barometer of the mood, was back within a whisker of $100,000

Donald Trump picks former SEC commissioner Paul Atkins to run agency

Atkins, a Republican former SEC commissioner, is replacing Gary Gensler, President Joe Biden's hard-charging chair whose ambitious agenda led him to clash with Wall Street and the crypto industry

'Radical targets toppled former CEO Carlos Tavares at Stellantis'

Stellantis is now searching for a new chief executive with a daunting to-do list

StanChart targets $200 bn new assets; focuses on Chinese, Indian wealthy

StanChart's assets under management sourced from wealthy Chinese and Indians with global needs rose by about 40 per cent and 20 per cent

Wall Street stocks up, dollar steady amid turmoil in South Korea, France

UnitedHealth shares gained 0.4 per cent even as Brian Thompson, the CEO of its insurance unit, was fatally shot on Wednesday morning in New York City

UnitedHealthcare's insurance unit CEO Thompson fatally shot in Manhattan

Police were still searching for the masked suspect, who fled on foot wearing a cream-colored jacket and a gray backpack

Trump's Pentagon nominee Hegseth refuses to back down amid growing doubts

Hegseth has denied allegations made in a police report that he sexually assaulted a woman in 2017 at a conference in California

Pernod Ricard internal probe reveals that top India exec violated laws

Enforcement Directorate, in Jan. 2023 accused Pernod Ricard India (PRI) of engaging in money laundering by unlawfully facilitating $24 million in corporate guarantees