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Mexico's Sheinbaum plans to cut Chinese imports in apparent nod to Trump

Sheinbaum also used her speech to defend the US-Mexico-Canada (USMCA) trade pact, which she said was the only way to compete with China

Six EU countries call for lowering of G7 price cap on Russian oil

Price caps on Russian seaborne crude as well as refined petroleum products were set by G7 countries to curb Moscow's revenues from oil trade

Malaysia imposes anti-dumping duties on iron, steel from four nations

The decision followed an investigation begun in August into the products from China, India, Japan and South Korea that started after a petition from a domestic producer

Indian refiners halt trade with US-sanctioned Russian firms and tankers

Washington also sanctioned 183 vessels used for transporting Russian oil while allowing a winding down of some energy related transactions by March 12

Angel One Q3FY25 results: Net profit increases 8% to Rs 281 crore

The company - which competes with startups such as Zerodha, Groww and Upstox - reported a third-quarter profit that rose 8 per cent to Rs 281 crore ($32.4 million) from a year earlier

Oil prices rise 2% to 4-month high on impact of Russian sanctions

Analysts and energy traders said the sanctions will push China and India to source more crude from the Middle East, Africa and the Americas, boosting prices and shipping costs

New US energy sanctions to destabilise global markets, says Russian govt

The move was meant to cut Russia's revenues for financing the war with Ukraine. A US official said the sanctions could cost Russia billions of dollars per month if sufficiently enforced

Sebi gives nod to JSW Cement's Rs 4,000 cr IPO after 4-month hold-up

The cement making arm of the steel-to-energy JSW group filed for an IPO worth up to Rs 4,000 crore ($461.46 million) in September, aiming to capitalise on the country's booming stock market

US stocks fall as investors scale back bets on Fed rate cuts in 2025

Five of the 11 S&P 500 sectors declined, led by a 1.8 per cent drop in Technology stocks. Megacaps were down, with Tesla sliding 2 per cent, Apple dropping 2.7 per cent

Eli Lilly to buy cancer drugmaker Scorpion Therapeutics for up to $2.5 bn

Lilly will acquire Scorpion's experimental oral therapy, STX-478, which is currently being tested in early-stage trials for breast cancer and other advanced solid tumors

Barclays Bank's sustainability chief Barlow exits in latest reshuffle

Barlow, who was responsible for leading Barclays' efforts to align with world's goal of limiting climate change, retired at the end of 2024 to pursue a portfolio career

Govt 10-year bond yield logs biggest single-day rise in over 7 months

The 10-year yield ended at 6.85 per cent, its highest since Nov. 22, compared with its previous close of 6.7724 per cent. The yield posted its biggest single-session rise since June 4

Apple fights $1.8 bn app store lawsuit in UK on abuse of dominant position

The US tech company is facing a mass lawsuit brought on behalf of around 20 million iPhone and iPad users in the United Kingdom, who were allegedly overcharged for app purchases

Telangana rations Kingfisher beer as Heineken halts sales in price dispute

Alcohol is bought by the state government and then supplied to shops in Telangana, where officials are rationing supplies to deter hoarding and tackle shortages

J&J to acquire drugmaker Intra-Cellular Therapies for $14.6 billion

The deal is the latest in a string of acquisitions by J&J as it looks to drive growth beyond 2025

US oil refiners face a tough year as investor sentiment turns negative

US refining utilization averaged 90.3 per cent in the fourth quarter, up from 87.6 per cent in the same quarter last year, according to Tudor, Pickering, Holt & Co

India expects uninterrupted Russian oil supply for next two months

Global Brent crude futures extended gains to climb above $81 a barrel on Monday, their highest since August, on expected disruption of Russian oil supply to China and India

Facing power losses, UP plans to privatise two power distribution firms

UP is inviting private companies to form partnerships with or privatise state-owned Dakshinanchal Vidyut Vitran Nigam and Purvanchal Vidyut Vitran Nigam, per the tender dated Jan 12

President-elect Trump's call with Putin expected soon, says his advisor

Trump, who will return as US president on Jan. 20, styles himself as a master dealmaker and has vowed to swiftly end the war in Ukraine but not set out how he might achieve that

Bezos' Blue Origin prepares for inaugural launch of its New Glenn rocket

The mission, the culmination of a decade-long, multi-billion-dollar development journey, will include an attempt to land New Glenn's first stage booster on a sea-fairing barge in the Atlantic Ocean