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Fuel retailers hike ethanol procurement prices by Rs 6.87: Oil ministry

The new purchase price of 56.28 rupees per litre is aimed at boosting production of ethanol, which is used for blending with petrol

Iran executes four accused of sabotage, links to Israel's Mossad

The executions took to five the number of people put to death this month in a decades-long shadow war that has seen Iran accuse Israel of attacks on its nuclear effort

Oil prices to end year 10% lower as demand concerns snap winning streak

Brent crude futures were up 33 cents, or 0.4%, at $77.48 a barrel at 0756 GMT on Friday, the last trading day of 2023

Fog, haze in China as New Year travellers brace for potential disruptions

Central Meteorological Observatory issued first red alert for fog since 2017. Conditions were expected to improve from Saturday evening, when a cold wave of air is expected to blow over the country

Baidu's ChatGPT-like Ernie Bot has more than 100 mn users: CTO Haifeng

The user base milestone, announced at a deep learning summit in Beijing, comes after the search engine giant opened Ernie Bot to the public in August

US allies reluctant on Red Sea task force to counter Houthi rebel attacks

Two of America's European allies who were listed as contributors to Operation Prosperity Guardian - Italy and Spain - issued statements appearing to distance themselves from the maritime force

China's Xiaomi unveils first electric car, plans to become top automaker

The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system with the company's popular phones

Biggest 2-month rally in decades rescues beaten-up bond markets

The US 10-year Treasury yield, the benchmark for borrowing costs globally, has dropped 50 basis points (bps) in December after falling 53 bps in November. Its two-month fall is the biggest since 2008

Dollar dips across board as traders stay fixed on US rate cuts next year

The dollar index, which measures the U.S. currency against six rivals, fell to a fresh five-month low of 100.61. The index is on course for a 2.7% decline this year

China aims to build more than half of world's cleaner-fuel ships by 2025

It did not give any estimates of the number of ships involved but said China would build more vessels powered by lower-carbon fuels as part of Beijing's push to become carbon neutral by 2060

Rupee ends higher, far forward premiums climb to over 2-month high

The rupee closed at 83.1650 to the U.S. dollar, up from 83.3450 in the previous session. The currency posted its biggest rise in a single rise in nearly two weeks

Indian state banks to snap two-month streak of selling govt debt: Report

The pullback has left the 10-year yield around 7.20%, which traders say is attractive

ICRA assigns AA+ rating to Adani Ports on strong business profile

While ICRA said its rating factors in the company's strong business profile, India Ratings said it continues to take a consolidated view of the company and its subsidiaries

Govt asked Apple to soften impact of hack warnings, says Washington Post

An Apple security expert was also summoned from outside the country to a meeting in New Delhi and the expert was pressed to come up with alternative explanations for the warnings, it said

Almost all of Russia's oil exports this year shipped to China, India

Russia has successfully circumvented sanctions on its oil and diverted flows from Europe to China and India, which together accounted for around 90% of its crude exports

Gold touches 3-week high as dollar eases on US Fed rate cut hopes

The Fed is set to start 2024 with fresh evidence that US price pressures are retreating, with data last week marking the first time since March 2021 that the annual PCE price index was below 3%

Apple wins bid to pause smartwatch ban at US appeals court amid patent row

U.S. President Joe Biden's administration declined to veto the ban on Dec. 26, allowing it to take effect. Apple asked for a pause of the ban later that day

Germany's decadal bond yield, hits lowest level in year on rate cut bets

Germany's 2-year bond yield, which is sensitive to interest rate expectations, was down 1 bp at 2.40%, its lowest since March

Oil prices slip as investors monitor Red Sea tensions triggered by Gaza war

Israeli forces pummelled central Gaza by land, sea and air on Wednesday after Israel's Chief of Staff Herzi Halevi told reporters on Tuesday that the Gaza war would go on "for many months"

Banks' asset quality improves to decadal high at end-Sept: RBI report

The central bank said the banking system and the non-banking financial companies (NBFCs) remain resilient, backed by high capital ratios, improved asset quality and robust earnings growth