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Oil falls as Donald Trump reiterates call for Opec to reduce prices

Opec and its allies including Russia have yet to react to Trump's call, with Opec+ delegates pointing to a plan already in place to start raising oil output from April

China Jan manufacturing activity shrinks unexpectedly, hits five-month low

China's $18 trillion economy hit the government's growth target of "around 5 per cent" over 2024 but in a lopsided fashion, with exports and industrial output far outpacing retail sales

Asia equities slide with US futures on China's AI push; dollar firms

US Nasdaq Composite futures tumbled 1.8 per cent as of 0158 GMT and S&P 500 futures sank 0.9 per cent

Google pushes agenda to educate workers on AI, plans $120 mn investment

A key priority, one executive told Reuters, comes in building out educational programs to train the workforce on AI

Dorf-Ketal Chemicals India files for $580 million IPO, claim draft papers

The IPO consists of fresh issue of shares worth up to 15 billion rupees, while existing shareholder Menon Family Holdings Trust is selling shares worth up to 35 billion rupees

Dollar on track for worst week since Nov 2023 amid Trump policy fears

The dollar index was last down 0.67 per cent on the day at 107.42. It reached 110.17 on Jan. 13, the highest since November 2022

Putin suggests a meeting with Trump to discuss Ukraine war, energy issues

It was the strongest indication yet from the Kremlin that it is keen for an early summit with Trump after three years of virtually no high-level contact with Western leaders because of the war

US business activity at 9-month low in January; hiring accelerates

S&P Global said on Friday that its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, declined to 52.4 this month

Meta to invest up to $65bn in AI infrastructure this year: Zuckerberg

Big technology companies have been investing tens of billions of dollars to develop AI-related infrastructure after the meteoric success of ChatGPT highlighted the potential for the technology

OpenAI faces a new copyright case from global publishers in India

The New Delhi-based Federation of Indian Publishers told Reuters it had filed a case at the Delhi High Court, which is already hearing a similar lawsuit against OpenAI

US will let sanctioned Russian oil tankers offload by Feb 27: Oil Secy

India became the top buyer of Russian sea-borne oil sold at a discount after Western nations imposed sanctions on Moscow

Ola joins Uber, denies implementing phone model-based pricing in India

Ola and Uber received notices from an Indian government consumer body on Thursday, directed by consumer affairs minister Pralhad Joshi, following media reports and complaints that Apple users pay more

India bond yields dip amid investor demand, post weekly fall before budget

The 10-year bond yield ended at 6.7206 per cent , compared with the previous close of 6.7341 per cent

China FY24 revenue growth falls, non-tax income jumps amid market slump

Fiscal revenues in 2024 totalled 21.97 trillion yuan ($3.03 trillion), including 17.497 trillion yuan in tax receipts and 4.473 trillion yuan in non-tax income

WHO chief plans cost cuts, revised priorities after US exit, document shows

The United States is by far the WHO's biggest financial backer, contributing around 18% of its overall funding. WHO's most recent two-year budget, for 2024-2025, was $6.8 billion

LTIMindtree appoints Venugopal Lambu as CEO, succeeding Debashis Chatterjee

Debashis Chatterjee, or DC as he is colloquially known in the industry, took over the reins of LTIMindtree in November 2022 after the merger of Larsen & Toubro firms L&T Infotech and Mindtree

Putin ready to speak to Trump, wants to start nuclear cuts talks: Kremlin

Russian President Vladimir Putin has also made clear he wants to restart nuclear arms cuts talks as soon as possible

Rupee posts biggest weekly gain in over a year, underperforms peers

The dollar/rupee forward premiums, meanwhile, extended declines this week, as the Reserve Bank of India conducted buy/sell swaps alongside its spot intervention

LG Energy Solution plans to cut capex on slowing EV demand after Q4 loss

The company, which makes batteries for Tesla, General Motors and Volkswagen, reported an operating loss of 226 billion won ($158 million) for the October-December period

Competition watchdog seeks official documents in Pernod Ricard probe

In the Delhi antitrust case, Pernod has been accused of asking retailers in 2021 to ensure 35 per cent of their stock consisted of the French company's brands