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India not closed to doing business with China, says Jaishankar in Berlin

India subsequently tightened its scrutiny of investments from Chinese companies and halted major projects

Crude oil prices fall on demand concerns, Brent below $70, near 3-year low

On Tuesday, the Organization of the Petroleum Exporting Countries (Opec) in a monthly report said world oil demand will rise by 2.03 million barrels per day (bpd) in 2024

Teva faces fine for disparaging rival multiple sclerosis medicine: Report

The EU competition enforcer's tough line underscores its concerns that such practices could stifle innovation in the pharmaceutical industry

Investors want govt to sell more short tenor, green bonds, say bankers

The suggestions were made by market participants in a series of meetings about the government's borrowing plan for the second half of the fiscal year

US dollar declines ahead of key inflation data, presidential debate

The Federal Reserve is expected to cut interest rates next week for the first time in more than four years

US inflation-adjusted income rose in 2023 while poverty rate edged up: Data

Employment growth averaged around 250,000 new nonfarm payroll jobs a month over the course of 2023, well above the 183,000 average over the decade preceding the pandemic

ONGC Videsh's focus on stakes in oil, gas assets amid energy transition

ONGC Videsh, the overseas investment arm of the country's top exploration company Oil and Natural Gas Corp has stake in 32 oil and gas projects in 15 countries

Fed VC unveils sweeping bank capital rule changes after pushback, delays

The draft Basel rule, first unveiled in July 2023, overhauls how banks with more than $100 billion in assets calculate the amount of capital they must put aside to absorb potential losses

Data center operator Switch weighs IPO at about $40 bn valuation: Report

The investment firms that own Switch have in recent weeks held preliminary talks with investment bankers on the potential stock market flotation that could happen as early as 2025

Opec again cuts growth forecast of global oil demand in 2024, 2025

The weaker outlook further underscores the challenge faced by Opec+, which comprises the Organization of the Petroleum Exporting Countries and allies such as Russia in balancing the market

Chinese EV maker BYD aims to sell 4 mn vehicles this year: Report

BYD attributed the extra sales growth to this year's introduction of new models with its latest plug-in hybrid technology known as DM-i 5.0, which would also contribute a better margin

A look at major labour strikes at India operations of global companies

Workers of General Motors India staged protests after the plant in western Maharashtra state was acquired by Hyundai Motor India, leading to a halt in production for five days

VW's Skoda sees opportunity to launch hybrid cars in India to cut emissions

Skoda already has four models in India, including SUVs and sedans, but this is the first time the carmaker is considering bringing hybrid cars to the South Asian nation

Carlyle Aviation will write off $40 million of lease arrears: SpiceJet

The write-off comes days after the airline said it will convert dues to Carlyle Aviation into equity and debentures

Workers' strike at Samsung India plant enters Day 2, production affected

They put up tents outside the factory in Sriperumbudur near the city of Chennai as they prepared to boycott work

South Korea antitrust regulator probes Mercedes-Benz unit after EV fire

The investigation came after a fire involving a Mercedes-Benz electric vehicle broke out in the city of Incheon on August 1

Southeast Asian nations likely to boost coal trade as China approaches peak

The Indonesian Coal Miners Association (ICMA) expects imports by China and India to peak in 2025, ending growth in global seaborne trade volumes of the polluting fuel

Floods inundate north Vietnam; Typhoon Yagi claims 65 lives, 39 missing

Several rivers in northern Vietnam have risen to alarming levels, leaving villages and residential areas inundated, according to the disaster agency and state media

Apple's AI gap in new iPhones hits China users as Huawei threat looms

The iPhone 16 launch dominated discussions on Chinese social media on Tuesday, ahead of Huawei's unveiling of a three-way foldable smartphone later in the day

SpaceX to launch billionaire's pvt crew on breakthrough spacewalk mission

An attempt to launch last month was postponed hours before liftoff over a small helium leak in ground equipment on SpaceX's launchpad