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Irrespective of who wins election, Venezuela faces natural gas problem

The South American country's output fell to 4 billion cubic feet per day (bcfd) this year from almost 8 bcfd in 2016, data from consultancy Gas Energy Latin America shows

G20 to back progressive taxation, without endorsing 'billionaire tax'

A broader G20 joint communique is expected on Friday, when finance ministers and central bankers conclude this week's meetings in Rio de Janeiro

Slump in tech stocks knock Asia shares, yen towers at over 2-month high

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.7%, while Japan's Nikkei tumbled 2.9% and South Korea's KOSPI dropped 2%. Taiwan's markets were closed for a second day

Australia's Mayne Pharma sues Sun Pharma over patent infringement

In the lawsuit filed at the United States District Court for New Jersey, Mayne Pharma accused its rival of violating all 20 Orange Book-listed patents linked to IMVEXXY

Elon Musk launches poll on X asking if Tesla should invest $5 bn in xAI

Nearly 3 hours after the poll was posted, roughly 386,000 people had participated with 70% voting in favour of the investment.

Yen rises over 0.5% as carry trades unwind, risk sentiment takes a hit

The yen rose more than 0.5 per cent to an intraday high of 152.835 per dollar, its strongest in 2-1/2-months

Jindal Steel Q1 results: PAT falls 21% to Rs 1,338 cr on weak steel demand

In April-June, general elections, which lasted for nearly half quarter, led to muted steel demand, analysts said, which was compounded by higher costs of rebar, a key raw material for steelmakers

CME Group's profit for Q2 rises 11% on futures and options growth

On an adjusted basis, net income rose to $932.2 million, or $2.56 per share, in the quarter, from $836.4 million, or $2.30 per share, a year earlier

India raises US oil imports in June, marginally cuts supply from Russia

Refiners in India together shipped in 1.98 million barrels per day (bpd) of Russian oil in June, down 3.7% from the previous month, the data showed.

S Korea's LGES in talks with Chinese firms to make low-cost EV batteries

LGES' potential partnerships come as the global EV industry is grappling with a sharp slowdown in demand, and underscore growing pressure non-Chinese battery firms

Typhoon Gaemi strengthens near Taiwan, work halted, flights cancelled

Typhoon Gaemi's outer skirt was bringing heavy rain to much of Taiwan, where a direct landfall was expected Wednesday evening in the northern county of Ylan

Nestle chocolate may flag more price hike by Christmas as cocoa costs bite

As companies like Nestle raised their chocolate prices, they ceded sales volumes to cheaper rivals including Tesco and other supermarkets' own brands

Harris bashes Trump over fear and hate, promises compassion in debut rally

In a 17-minute speech, Harris aggressively went after Trump's vulnerabilities, comparing her background as a former prosecutor to his record as a convicted felon.

Trump to meet Israeli PM Netanyahu in Florida on Friday at his resort

The meeting will be their first since the end of Trump's presidency, during which the two forged close ties, and comes at a time of strains also between Netanyahu and Democratic President Joe Biden

Don't break law and you have nothing to fear, China tells Taiwan staff

Speaking at a regular news briefing, Zhu Fenglian, spokesperson for China's Taiwan Affairs Office, reiterated there was no cause for alarm for most Taiwanese

Bangladesh partially restores telecom services as protests taper off

The country has mostly been calm since Sunday when the Supreme Court scaled down reservations for various categories to 7 per cent

Sri Lanka central bank cuts interest rates to help fuel economic recovery

The Central Bank of Sri Lanka (CBSL) cut the Standing Deposit Facility Rate to 8.25 per cent and the Standing Lending Facility Rate to 9.25 per cent

G20 draft communique sees growing chance of global economic 'soft landing'

Speaking to the press, Brazil's G20 finance track coordinator, Tatiana Rosito, said negotiations were ongoing, but she "firmly" believed there would be consensus for an extensive joint statement

GM indefinitely delays plans of self-driving vehicle without steering wheel

In 2022, GM filed a petition with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls

Nvidia clears Samsung's HBM3 chips for use in processors for 1st time

It was not immediately clear if Nvidia would use Samsung's HBM3 chips in its other AI processors or if the chips would have to pass additional tests