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UK PM Sunak battles to unite divided Conservative Party in pivotal week

For Sunak, struggling to revive a weak UK economy and heavily trailing the main opposition party in opinion polls, the Rwanda policy has become the defining issue

China proposes trading cost cuts for mutual funds, to regulate commissions

Analysts say the new rules would help brokerages with strong trading and research capabilities to win commissions

First gene-editing therapy for sickle cell disease approved by US FDA

The agency approved Lyfgenia from bluebird bio, and a separate treatment called Casgevy by partners Vertex Pharmaceuticals and Crispr Therapeutics

US job growth accelerates in November, unemployment rate drops to 3.7%

Nonfarm payrolls increased by 199,000 jobs last month, the Labor Department's Bureau of Labor Statistics (BLS) said in its closely watched employment report on Friday

Fed pivot to interest-rate cuts seen likely to start in May, traders bet

A separate report Friday showed U.S. consumer sentiment improved more than expected in December as households saw inflation pressures easing

Hunter Biden indicted on tax charges in new criminal case: Report

Prosecutors working for Special Counsel David Weiss accused Hunter Biden of tax crimes from 2016 through 2019, including spending millions of dollars on an extravagant lifestyle rather than paying tax

Gold prices slide 1% as strong US jobs data clouds interest rate cut bets

The dollar index firmed 0.2 per cent, making bullion more expensive for overseas buyers

Centre imposes ban on onion exports until March 2024 to curb price surge

India had previously imposed a minimum export price of $800 per metric ton, until Dec. 31, 2023, to discourage exports, in an effort to curb surging local prices

India's Russian oil imports seen rising on lower prices: Govt official

The Group of Seven large economies known as G7 and some other nations have imposed a ceiling of $60 per barrel for oil at Russian ports to cut Moscow's revenue seen as funding its war in Ukraine

India's wheat stocks hit 7-year low as govt sells more to calm prices

Last year, the government banned exports after output was curtailed due to a heat wave and overseas sales picked up as Russia's invasion of Ukraine sent global prices to multi-year highs

India's equity MF inflows moderate in November; SIPs hit new high

The inflows dropped 22.15% month-on-month to Rs 15,536 crore in November from Rs 19,957 crore in October, the data showed

World food price index unchanged in November, says UN food agency

The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 120.4 points in November, 10.7% lower than last November

Global warming threshold could be hit temporarily in 2024: UK's Met Office

The average global temperature for 2024 is forecast to be between 1.34C and 1.58C above the average for the pre-industrial period of 1850-1900, it said

'Working to prevent disruption of ethanol supplies for gasoline blending'

India's goal of raising ethanol blending in petrol to 20% from 2025/26 remains intact, Oil Secretary Pankaj Jain said

Taiwan intelligence says China leadership discussed election interference

Beijing has repeatedly called the DPP dangerous separatists and urged Taiwanese to make the "right choice". The DPP's presidential candidate, Lai Ching-te, is leading in the polls

Apple to move key iPad engineering resources to Vietnam: Report

Apple suppliers including Luxshare and Foxconn also invested in the Southeast Asian country earlier this year to further diversify production away from China

India moving towards T+0 for market settlement before end-FY24: Sebi

Currently trades in India are settled in "T+1" or one day after the trades are initiated. T+0 would mean settlements in the same day and instant settlement would ensure trades are settled immediately

China to set up auto research institute in Thailand as EVs gain traction

Thai govt tax incentives and subsidies already drawn Chinese carmakers, including BYD and Great Wall Motor, which committed to investing $1.44 billion in new production facilities in the country

RBI set to retain hawkish pause on interest rates; keep liquidity tight

The swap markets are signalling that the Indian central bank will begin cutting rates in the middle of 2024, at least a quarter after the U.S. Federal Reserve is expected to start loosening policy

More than 10 million people signed up for X in December, says CEO

X, which does not regularly release user data, could not immediately be reached for comment on how the December sign-ups compared to average or why Yaccarino disclosed the figure