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Greenland may become independent, but not a US state, says Denmark

Greenland's leader held talks on Wednesday with the Danish king in Copenhagen, a day after Trump's remarks thrust the fate of the Danish-ruled island to the top of world headlines

US stocks dip as investors assess data, Trump's economic emergency plan

A majority of the 11 S&P 500 sectors were in the red, led by a 1 per cent decline in utilities, pressured by Treasury yields which stood at multi-month highs

UK's long-term borrowing costs jump to highest level since 1998. Here's why

The yield on 30-year British gilts rose sharply on Tuesday and again on Wednesday, outpacing increases for other governments' bonds and hitting its highest since August 1998 at 5.383 per cent

Prez-elect Trump asks SC to halt sentencing in New York hush money case

The Supreme Court ordered prosecutors to respond to the request by Thursday morning, signaling that the justices may act quickly on the matter

US wholesale inventories fall 0.2% amid sharp decline in mfg goods' stocks

Motor vehicle inventories declined 2.2 per cent while those of computer equipment fell 1.3 per cent. There were also decreases in stocks of machinery

More cuts likely though timing depends on inflation front: Fed's Waller

Waller said that while it was true inflation "appears to have stalled" above the Fed's 2% target in the waning months of 2024

Shell trims LNG production outlook for Q4, warns of weaker oil, gas trading

Shell also said it would take $1.5 billion to $3 billion of non-cash, post-tax impairments, including up to $1.2 billion in its renewables division, linked to European and North American assets

TikTok's fate divides Trump and fellow Republicans as SC action looms

"This is the most significant free speech case in at least a generation," said Timothy Edgar, a former U.S. national security and intelligence official

Fed minutes could hold clues to thinking on further interest rate cuts

The minutes, to be released at 2 p.m. EST (1900 GMT) on Wednesday, may help clarify how policymakers will approach further rate reductions

Oil prices surge as Russia, Opec supply drop, US crude stocks decline

Brent crude was up 69 cents, or 0.90 per cent, at $77.74 a barrel at 0954 GMT. US West Texas Intermediate crude climbed 87 cents, or 1.17 per cent, to $75.12

Ukraine stages drone attack on Russia's Saratov region, causing big fire

The region hosts a major air base for strategic bomber planes that form part of Russia's nuclear forces

Centre slashes Nov gold imports by $5 bn in record commodity revision

The spike in gold imports widened the country's merchandise trade deficit to a record $37.84 billion in November, significantly exceeding economists' forecast of $23.9 billion

ONGC joins hands with BP to boost oil and gas production in largest field

The field reached a peak production level of 471,000 barrels per day of oil in March 1985, and its output had declined to about 134,000 bpd in April 2024, according to the tender document floated

Apple can't sell iPhone 16 in Indonesia despite securing investment deal

Indonesia banned iPhone 16 sales after Apple failed to meet requirements that smartphones sold domestically should comprise at least 35 per cent locally-made parts

India's 2024 power output growth slowest since Covid-19, shows data

Power output rose 5.8 per cent annually to 1,824.13 billion kilowatt-hours (kWh), an analysis of daily load despatch data from federal grid regulator Grid-India showed

Centre focuses on new strategy to tackle mounting economic challenges

Asia's third-largest economy forecast annual growth of 6.4 per cent in the fiscal year ending in March, the slowest in four years

EU warns of 'serious blow' to climate change policy from Donald Trump

US exit from the Paris Agreement would require other countries to double down on climate diplomacy in response

Samsung's Q4 profit outlook falls short as chip troubles weigh heavily

Samsung's earnings were dented by rising research and development costs and the ramp-up of manufacturing capacity for advanced chips

Honda Motor cautious about new EV production ahead of Trump presidency

Honda will also be cautious about its battery plant plans in Canada, mindful of government regulations and EV market trends

BYD brought hundreds of Chinese workers to Brazil on irregular visas

A total of 163 of those workers, hired by BYD contractor Jinjiang, were found last month to be working in what Brazilian authorities said were slavery-like conditions