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Bank of Canada cuts rates for third time to 4.25%, frets over weak growth

Wednesday marked the third consecutive cut, with the bank citing continued easing in broad inflationary pressures

US job openings fall to 3.5-year low in July on labour market slowdown

Job openings, a measure of labor demand, had fallen by 237,000 to 7.673 million on the last day of July, the lowest level since January 2021

Adani Enterprises' first Indian retail bond fully subscribed at launch

Such retail bond sales are rare and Adani is the first non-financial company to issue them since 2016.

Reliance Industries wins bid for govt incentives to make EV batteries

The oil-to-telecom conglomerate beat six other competitors, which included units of battery maker Amara Raja Energy and Mobility and power producer JSW Energy

Rupee drops to record low amid negative global cues, RBI support aids

Over the last month, there were several instances when the Reserve Bank of India intervened on both sides of the forex market to support the currency

Opec+ discusses to delay planned oil output hike amid low prices: Report

Last week, the group looked set to proceed with a 180,000 barrel per day (bpd) hike in October, but market volatility and a weak demand outlook have raised concern

IMF mission starts 5th review of Ukraine programme as Kyiv reshuffles govt

Finance Minister Serhiy Marchenko is expected to retain his position, analysts and lawmakers said

What to expect from the 9th Forum on China-Africa Cooperation Summit

China approved loans worth $4.61 billion to Africa last year, the first annual increase since 2016

China to revitalise ageing railway linking resource rich Zambia, Tanzania

The single-track TAZARA railway was built between 1970 and 1975 through an interest-free loan from China, offering a cargo transport route

Auto parts maker Motherson to launch $715 mn share sale to tap stock mkt

With a market capitalisation of about $15 billion, Motherson supplies parts to domestic and global automakers such as Maruti Suzuki and Mercedes-Benz

ECB at risk of becoming too restrictive, cuts interest rates: Cipollone

"The data so far confirms our direction of travel and I hope that they will allow us to continue to be less restrictive," Cipollone told Le Monde in an interview

Russia launches air attacks on Kyiv, western city of Lviv, says Ukraine

"Yes, it's very loud," Lviv Regional Governor Maksym Kozytskyi said on the Telegram messaging app

Ethanol push turns India into corn importer, shaking up global mkt

India usually exports 2 million to 4 million metric tons of corn, but in 2024, exports are expected to drop to 450,000 tons

Volkswagen goes head-to-head with workforce over proposed cuts by company

Cavallo warned emotions will run high and management will be "very uncomfortable" at the meeting, expected to last several hours

West's agenda spurs changes to Russia's nuclear doctrine: Kremlin

Moscow is taking into account the possibility of Ukraine using U.S.-supplied long-range weapons in its attacks deep into the Russian territory, he added

Thousands of Rohingya flee to Bangladesh from violence in Myanmar: Official

Bangladesh is already over-burdened and unable to accommodate any more Rohingya," he told Reuters on Wednesday

India's ICICI Prudential Life bullish on long-term govt bonds: Official

India aims to gross borrow 14.01 trillion rupees this financial year to meet a fiscal deficit of 4.9% of gross domestic product

China's services activity expansion slows in Aug, shows Caixin PMI

The new business index remained above 50, extending the sequence of expansion that started from January 2023, but the rate of growth was softer than July

Nvidia suffers record $279 billion loss in market value as Wall St drops

Nvidia lost $279 billion in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains

Hong Kong's Cathay Pacific probe finds 15 A350s need engine parts replaced

Aviation Herald, an air safety publication, reported the jet had turned back after a cockpit alert warning of a fire in one of its two Rolls-Royce XWB-97 engines