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Yes Bank appoints veteran banker Sumit Bali to head retail business

Bali will join Yes Bank from Aug. 26 and report to executive director Rajan Pental, one of the sources said

0.5% rise in UK retail sales volume in July as inflation begins to ease

Retail sales volumes in July were 1.4% higher than a year ago, the Office for National Statistics said, in line with economists' median forecast in a Reuters poll

Soccer spending and discounts help UK retail sales inch up by 0.5% in July

Compared with February 2020, the last month before COVID-19 lockdowns started, sales volumes are still 0.8% lower

Newly elected Thai PM Paetongtarn faces challenge of reviving economy

The fall of Srettha after less than a year in office will be a stark reminder of the kind of hostility Paetongtarn could face

Bavarian Nordic seeks EU's approval to extend mpox vaccine to adolescents

Mpox has been declared a global public health emergency by the World Health Organization, with children and adolescents being particularly vulnerable to the disease

Ola Electric soars to $7 bn valuation on e-motorcycle launch, battery plan

The e-motorcycle launch is set to intensify competition in the world's second-largest two-wheeler market

RBI might ask banks dealing with UAE to push direct rupee-dirham settlement

The move is part of India's attempt to increase trade settlement in the rupee and reduce reliance on the dollar, an ambition that has evaded most nations

Thai Parliament set to choose new PM, Thaksin's daughter likely nominee

If Paetongtarn is approved in Parliament's vote, she will become Thailand's second female prime minister and the country's third leader from the Shinawatra family

Hurricane Ernesto becomes Category 2 storm as it races toward Bermuda

At 11 p.m. ET on Thursday (0300 GMT Friday) it was 410 miles (660 km) south-southwest of Bermuda as it headed north, packing winds of 100 mph (155 kph)

US solar firms seek retroactive duties on imports from Vietnam, Thailand

New tariffs could be particularly harmful to Vietnam, which risks the highest duties as it is deemed by the United States a non-market economy

Gaza ceasefire negotiations extend by another day as death toll exceeds 40K

"This is vital work. The remaining obstacles can be overcome, and we must bring this process to a close," US national security spokesperson John Kirby told reporters at the White House

Govt bond yields expected to rise tracking US peers, debt sale in focus

The benchmark 10-year yield is likely to move between 6.85 per cent and 6.89 per cent

Indian rice export rates fall on muted demand, prospects of higher supply

India's discount to Thailand and Vietnam's prices has narrowed, leading to lower exports

China's senior tourists could be a silver lining for travel companies

Companies inside and outside of China, and local travel authorities, are starting to tailor their services to the needs specific to this growing cohort

Trump attacks Harris on inflation, economics in remarks at his golf club

Trump was flanked by popular grocery store items, including instant coffee, breakfast cereals and pastries, laid out on tables as he highlighted cost of everything from food, car insurance to housing

As cases mount, Bangladesh to decide on seeking Hasina's extradition

Hasina fled the country for India on Aug. 5 after a violent uprising against her led to nearly 300 people getting killed, including many students

World stocks regain stability as US retail sales report reassures

Retail sales increased 1.0 per cent last month, well above market forecasts for a 0.3 per cent gain, the Commerce Department's Census Bureau said

Russian military beefs up border defences after Ukrainian incursion

Putin's defence minister, Andrei Belousov, said the general staff had prepared a series of measures to defend Russia's border regions of Kursk, Bryansk and Belgorod

US business inventories marginally up by 0.3% in Jun after 0.5% rise in May

Inventories increased 2.1 per cent year-on-year in June

US imposes more sanctions targeting Houthi, Hezbollah trade networks

The US Treasury Department in a statement said it targeted companies, individuals and vessels accused of being involved in the shipment of Iranian commodities