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Investors kick off November on caution ahead of US Federal reserve policy

MSCI's index tracking EM stocks was unchanged, while a basket of developing markets currencies edged down 0.1% by 0902 GMT

Govt may extend curbs on rice exports as output expected to drop: Report

Despite export restrictions, local rice prices remain almost 15% higher than a year ago

Pakistan's October consumer inflation declines to 26.9%: Statistics Bureau

This brings the average inflation rate for the fiscal year (July-Oct) to 28.48%, against the target of 21% for the current fiscal year. Inflation has been in double digits since November 2021

China's factory activity 'unexpectedly' contracts in October: Caixin PMI

The Caixin/S&P Global manufacturing PMI fell to 49.5 in October from 50.6 in September, marking the first contraction since July and missing analysts' forecasts of 50.8 by a large margin

India braces for 8% sugar output dip as sugarcane crop suffers: Trade body

The trade body did not provide an estimate for net sugar production after the diversion of sucrose for ethanol production, but it stated that the output would exceed the country's annual consumption

In Pakistan, steep natural gas price hike ahead of review by IMF

An IMF team is scheduled to arrive this week to review benchmarks set for the $3 billion stand-by arrangement it agreed in July

Russia imposes effective capital controls on Western company exits

Russia has steadily tightened exit requirements since Western companies started leaving soon after Moscow invaded Ukraine in February 2022

Chief executives of Air India, Akasa joust over poaching of pilots

The rare verbal and written confrontations between the airlines' chief executives were detailed in the letter, sent by Campbell Wilson of Air India, which is owned by the Tata Group conglomerate

Jindal Steel Q2 results: PAT surges more than six-fold to Rs 1,390 crore

The company's costs fell 13%, helped by a drop in costs of iron ore and metallurgical coal, the two main raw materials used in making steel

China factory activity unexpectedly shrinks in Oct, dents recovery momentum

The non-manufacturing PMI also fell to 50.6 last from 51.7 in September, indicating a slowdown in activity in the vast service sector and construction

Govt hikes windfall tax on crude to Rs 9,800 per ton, reduces on diesel

The windfall tax on aviation turbine fuel that had been 1 rupee/liter has been removed, the notification said

Toyota pledges $8 billion more for US battery plant to rev up EV push

The company, which plans to have electrified options for all its models available by 2025, said the latest move will bring its total investment in the plant to about $13.9 billion

Amara Raja Q2 profit up 13% to Rs 226 cr as demand offsets higher costs

The Amaron battery maker's consolidated net profit after tax came in at 2.26 billion rupees ($27.2 million), up nearly 13% from a year ago

India's Russian oil imports eased in October after prices climbed

Indian refiners have slowed Russian oil imports in recent months from the nearly 2 million barrels per (bpd) peak seen earlier this year as discounts have narrowed

Vodafone to sell Spanish arm to Zegona Communications for $5.3 billion

London-listed Zegona, chaired and managed by telecoms executive Eamonn O'Hare, has previously bought and sold assets in Spain, including regional operator Euskatel

Vodafone to sell Spanish arm to Zegona Communications for $5.3 billion

London-listed Zegona, chaired and managed by telecoms executive Eamonn O'Hare, has previously bought and sold assets in Spain, including regional operator Euskatel

Alliance of 40 countries to vow not to pay ransom to cybercriminals: US

In ransomware attacks, hackers encrypt an organization's systems and demand ransom payments in exchange for unlocking them

Indian Oil posts Q2 profit vs yr-ago loss on strong refining margins

The state-owned company posted a net profit of Rs 12,967 crore ($1.56 billion) for the quarter ended Sept 30

Arvind profit falls 36% in Sept qtr as textiles drag despite low costs

Textile companies have hit a rough patch due to low cotton arrivals, higher import duty and energy costs, and an inventory pile-up, analysts said

Canada bans messaging platforms WeChat, Kaspersky on government devices

China's foreign ministry said the Canadian government had issued a ban on Chinese enterprises without any real evidence, under the guise of maintaining data security