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Fed's Michael Barr to resign early to avoid legal fight with Trump

Barr's early exit now clears the way for Trump, who will be sworn in on Jan. 20, to appoint an entirely fresh slate of banking regulators and begin work on a more industry-friendly agenda

Blinken on Japan visit as Nippon Steel decision weighs on relations

Ahead of his trip, the State Department said that Blinken wanted to build on the momentum of US-Japan-South Korea trilateral cooperation

Asian shares rise on prospect of softer trade tariffs by Donald Trump

Washington Post reported on that Trump aides were exploring tariff plans that would be applied to every country but only cover certain sectors deemed critical to national or economic security

CCI found Pernod pushed retailers to promote brand, document shows

Pernod is contesting a $250 million India tax demand for allegedly undervaluing imports and also faces an investigation into violations of New Delhi city's liquor policy

Two Indian firms indicted in US for importing opioid fentanyl ingredients

Athos Chemicals and Raxuter Chemicals, both based in Gujarat, were each charged in Brooklyn with distributing the ingredients and conspiring to distribute them

US cos rush to bond mkt in fundraising flurry, may raise $65 bn this week

Syndicate bankers expect to see companies raising nearly $65 billion this week, and perhaps as much as $200 billion this month, in a bond issuance spree that is showing no sign of slowing

Weak aircraft demand causes US factory orders to fall in November

There were also decreases in orders for computers and electronic products, and fabricated metal products. But orders for machinery rose as did those for primary metals as well as electrical equipment

Disney, Fox, Warner Bros drop Venu Sports appeal after Fubo merger deal

Fubo in a statement on Monday said it has settled all litigation with Disney and ESPN related to Venu, and also settled all litigation with Fox and Warner Bros Discovery

Oil prices edge up to 12-week high on US winter storm, weaker dollar

Brent futures rose 27 cents, or 0.4 per cent, to $76.78 a barrel by 11:33 a.m. EST (1633 GMT), while US West Texas Intermediate crude rose 27 cents, or 0.4 per cent, to $74.23

NXP could make up to 10% of revenue from India by 2030, says country head

NXP India head Hitesh Garg said that India's growing automotive and industrial sectors are expected to boost the company's sales in the region

Fed's vice chair Barr to resign early to avoid dispute with Trump over role

Barr said he was stepping down from his role as the central bank's vice chair of supervision over a year before his term expires, but planned to keep his seat on the Fed's Board of Governor

Wall Street hits one-week high as optimism grows over Trump tariffs

In a week packed with economic data and speeches from US Federal Reserve officials, investors will look for clues on the pace of monetary policy easing this year

Canada PM Trudeau to step down after new Liberal party leader named

Trudeau, under pressure from Liberal legislators to quit amid polls showing the party will be crushed at the next election, said at a news conference that parliament would be suspended until March

Flour mills struggle as wheat prices surge to record high: Report

Wheat stocks in state warehouses totalled 20.6 million tons at the start of December, slightly higher than the previous year's 19.2 million tons, but far below five-year average of 29.5 million

AI chatbots boost US holiday season online sales by 4% in 2024: Report

Shoppers used AI-based chatbot services 42 per cent more than a year ago, according to Salesforce, which analyzed data from 1.6 trillion page views on its platform

German inflation rises more than expected in Dec on higher food prices

The annual consumer price inflation rate rose to 2.9 per cent, higher than the 2.6 per cent forecast by analysts

Steel ministry proposes merger between state-run KIOCL, NMDC: Report

Mining company NMDC aims to export iron ore pellets from KIOCL post the merger

US Steel, Nippon move court against Biden blocking $14.9 billion deal

Second lawsuit is against Cleveland-Cliffs, its CEO Lourenco Goncalves, and USW union President David McCall "for their illegal and coordinated actions" aimed at preventing the deal

Taking steps to clear hurdles for US-India civil nuclear ties: NSA Sullivan

Washington and New Delhi have been discussing the supply of US nuclear reactors to energy-hungry India since the mid-2000s

India's space sector funding drops 55% in 2024 amid global downturn

The government has sought to stimulate the sector by approving a 10 billion rupee ($119 million) fund in October 2024 to support space startups and setting plans to expand India's share