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Italy road and airport operator Mundys explores India, Australia expansion

It has just acquired Autovia del Camino in northern Spain and won a tender to operate four new toll roads in Puerto Rico with a $2.85 billion bid

US wants to require drug testing for foreign aviation-repair stations

The proposed rule would impact approximately 977 repair stations in 65 countries, ensure "employees are held to the same high level of safety standards regardless of where they are physically located"

Oil drops 2% as markets mull OPEC+ cuts' efficacy, macroeconomic slowdowns

Brent crude futures fell $1.59, or 2.06%, to $75.61 a barrel by 1454 GMT. US WTI crude futures fell by $1.67, or 2.31%, to $70.65 a barrel

Trafigura sets aside $127 mn provision for Brazil, US DOJ fine to end probe

Trafigura is alleged to have made profits from these contracts amounting so far to $143.7 million

Centre to sell up to 8% stake in state-run IRCON International this week

The government owns 73.18% in the engineering and construction company, and the 8% stake sale will help the government to raise about 11.59 billion rupees ($139.11 million)

COP28: Renewables a way to phase out fossil fuels, says TotalEnergies

Governments at previous climate talks agreed to phase down the use of unabated coal, but the talks, hosted by oil power United Arab Emirates, have so far been split on the future role of fossil fuels

Volkswagen shareholders demand more scrutiny after China plant audit

Volkswagen said on Tuesday that the much-anticipated audit of its China car plant had found no evidence of forced labour

G7 to ban Russian diamonds, announce measures on price cap, assets: Report

One source specified that the G7 was expected to announce a direct ban as of Jan. 1 and then an indirect ban with a phase in period from March 1 until Sept. 1

Trafigura checked traders didn't collude in Gupta fraud case: Report

Trafigura filed a lawsuit against Gupta in February, alleging seven companies that it said were controlled by him carried out a systematic fraud involving nickel cargoes

Govt bond yields dip marginally tracking US peers, RBI policy stays key

The Reserve Bank of India (RBI) is expected to hold rates at 6.50% for a fifth consecutive meeting at its monetary policy meeting on Friday, according to a Reuters poll

Shree Cement plans to bid for lithium mining rights in Jammu-Kashmir

Shree Cement, India's second biggest cement company by market capitalisation, will also bid for blocks in the eastern state of Chhattisgarh, said a source

Ola Electric slashes sales goals by over half ahead of planned IPO: Report

The scaling back of Ola's targets comes ahead of its $700 million stock market debut plan, even though the SoftBank-backed company, continues to lead the small yet fast growing e-scooter market

'Sebi, RBI share concern about some credit funds masking bad loans'

Private credit funds fall under the broad category of AIFs for the purpose of regulations in India

Apollo Hospitals' operator rejects allegations of illegal kidney transplant

UK's Telegraph newspaper reported on Saturday that Apollo was embroiled in a "cash for kidneys" racket in which impoverished people from Myanmar were being enticed to sell their organs for profit

No changes to China credit rating, economic outlook: S&P Global Ratings

We last affirmed our A+ long term ratings on China in June with stable outlook and there has been no changes to that yet," said S&P in an emailed response to queries from Reuters

Israel storms Khan Younis in southern Gaza, killing scores: Report

Some took up positions inside the town of Bani Suhaila on Khan Younis' eastern outskirts

P&G to record up to $2.5 bn in Gillette writedown, operations rejig

The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current quarter ending Dec 31 on its Gillette business

Amazon second company to criticise Microsoft in UK cloud market probe

"To use many of Microsoft's software products with these other cloud services providers, a customer must purchase a separate license even if they already own the software," Amazon said

US 10-year yields hit three-month lows on growth concerns, rate change

US data this week will be closely watched for new clues on the strength of the economy, with Friday's jobs report for November the main focus

Fed cut expectations 'overdone,' volatility to jump in 2024: BlackRock

"Market pricing for rate cuts is a bit overdone in our view," said Wei Li, Global Chief Investment Strategist for BlackRock. "Rate volatility is here to stay"