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China's factory, service sects skid for 5th month as stimulus calls grow

Authorities last week also launched the country's most aggressive stimulus package since the COVID-19 pandemic

India's current account deficit widens to 1.1% of GDP in April-June 2024

The current account deficit stood at $9.7 billion, or 1.1 per cent of the GDP, in the fiscal first quarter, compared with a deficit of $8.9 billion or 1 per cent of GDP in the same quarter a year ago

Epic Games accuses Samsung, Google of scheme to block app rivals: Details

Epic said Samsung's Auto Blocker was designed to blunt the impact of a U.S. verdict that Epic won against Google in December 2023

RBI dy guv Swaminathan calls for responsible lending at small finance banks

The RBI has been encouraging banks to strengthen governance standards to prevent financial instability and systemic risks

AT&T sells 70% stake in DirecTV to private equity firm TPG for $7.6 bn

AT&T would receive an initial payment of $2 billion in 2025, and additional payments through 2029, the company said in a filing on Monday

India, US may sign pact on critical minerals to bolster trade ties

The initial pact on critical minerals would help build supply chains, exchange technical know-how, and promote collaboration between Indian and American businesses in the sector

India's fiscal deficit for Apr-Aug at Rs 4.35 trn, 27% of full-year target

Net tax receipts for the period were 8.74 trillion rupees, or 34% of the annual target, compared with 8.04 trillion rupees for the same period last year, according to the data

Tata iPhone component plant in TN halts production indefinitely after fire

The fire broke out at the plant in Tamil Nadu state early on Saturday, leaving 10 people with minor injuries and halting production

Gold hovers below record high, set for best quarter in eight years

Spot gold fell 0.2% to $2,653.00 per ounce, as of 0817 GMT, as traders locked in profits following last week's rally. U.S. gold futures rose 0.2% to $2,674.40

Foreign investors to step up Indian bond purchases in H2 as rate cuts close

Foreign funds bought debt worth 718 billion rupees in the first half of fiscal 2025, according to clearing house data, and investors expect purchases to jump by up to 40% in the second half

Over 2 million customers without power in US southeast from Helene

Georgia Power meanwhile restored power to over 740,000 customers following Hurricane Helene, it said in its storm update on Sunday

Aston Martin warns of lower annual core profit on supply chain, China woes

An increasing number of cars were taking longer to complete and deliveries were getting delayed, it added

UK economy grew more slowly than thought but outlook is improving

Prime Minister Keir Starmer, whose Labour Party won power in July, is seeking to speed up economic growth

Intensifying Typhoon Krathon forecast to hit Taiwan's populated west coast

The typhoon is expected to further intensify into the equivalent of a Category 4 hurricane, packing powerful winds

Russia's Dy PM Novak sees oil price stability despite Mideast turmoil

Novak, who also oversees the broader Russian economy, said the sanctions-hit economy will sustain any pressure

Three Palestinian leaders killed in Israel strike in Beirut, confirms PFLP

Israel on Sunday launched airstrikes against the Houthi militia in Yemen

Painful policy choices loom after China's monumental consumer stimulus plan

China's household spending is less than 40 per cent of annual economic output, some 20 percentage points below the global average

ByteDance plans new AI model trained with chips from Huawei Technologies

The new model's capability and complexity, measured by its computing parameters, will be less powerful than ByteDance's existing AI model Doubao, one of the people said

Fed's Powell set to speak as economists fret about a policy mistake

Powell is scheduled to address the association at 12:55 p.m

BYD recalling 97,000 top-selling EVs on steering component fault: Regulator

Dolphin and Yuan Plus were BYD's two top-selling models in 2023, which in total accounted for 26% of its 3 million cars sold in the year