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India net importer of steel in April-Nov, Chinese shipments reach 5-yr high

The world's top steel producer exported mostly hot-rolled and cold-rolled coil or sheets to India, followed by plates, and pipes

Japan to resume world's largest nuclear power plant Kashiwazaki-Kariwa

With a capacity of 8,212 megawatts (MW), the plant has been offline since 2012 after the Fukushima disaster a year earlier led to the shutdown of all nuclear power plants in Japan at the time

RBI announces 2-day repo for $6 billion as overnight rates stay elevated

The RBI had infused 1.75 trillion rupees through a seven-day VRRR on Dec. 22 and 1 trillion rupees in the prior week that matured on Dec 22

Russia to deploy newest howitzers close to borders of Finland and Norway

Earlier in December, Russia's TASS state news agency reported that single Coalition-SV howitzers had already been deployed to the frontline in Ukraine

Toyota's global output surges 11% in Nov, sees record high on strong demand

Domestic sales for the month shot 27% higher, sales in both the United States and China increased by 17%, while those in Europe climbed 15%

Philippines attracts four bids for main airport's $3 billion upgrade

Firms that submitted bids were the Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium, and SMC SAP & Co Consortium

Saudi cabinet approves contracting rules for firms not based there

The decision comes just days before Saudi Arabia's January 2024 deadline for companies to move their regional headquarters to the kingdom or risk losing money in government contracts

Dry weather, export curbs to strain global 2024 staple food supplies

Global wheat, corn and soybean prices - after several years of strong gains - are headed for losses in 2023 on easing Black Sea bottlenecks and fears of a global recession

China must resolutely prevent anyone from splitting Taiwan from us: Xi

At a symposium commemorating the 130th anniversary of the birth of former Chinese leader Mao Zedong, Xi said the motherland "must be reunified and will inevitably be reunified"

Israel to give Intel $3.2 bn grant for new $25 bn chip plant in south

This is the largest investment ever by a company in Israel. The news comes as Israel remains locked in a war with Palestinian militant group Hamas in the wake of the Oct. 7 Hamas attack on Israel

Apple files appeal after Biden admin allows tribunal's ban on watch imports

The U.S. International Trade Commission's (ITC) order will go into effect on Dec. 26, barring imports and sales of Apple Watches that use patent-infringing technology for reading blood-oxygen levels

Explosions in Red Sea off Yemen's coast, unmanned aircraft sighted: UK

Two unmanned aircraft were observed before two explosions occurred 5 nautical miles from a vessel located 50 nautical miles west of Hodeidah on Yemen's west coast, the United Kingdom said

China gaming companies unveil share buybacks after govt curbs cause rout

It remains to be seen how shares of Tencent Holdings , the world's biggest gaming company and its closest rival, NetEase, will fare this week after the apparent softening in stance from the regulator

India, Russia sign deal for future units of Kudankulam power plant in TN

Jaishankar is expected to hold talks with his Russian counterpart Sergei Lavrov on Wednesday, and the two ministers plan to discuss bilateral ties as well as the conflicts in Ukraine and Gaza

Dollar edges lower as investors wait on clues over Fed rate-cut prospects

The greenback is on track to post its worst performance since 2020 against a basket of currencies as anticipation of Fed rate cuts dents the appeal of the U.S. currency relative to peers

Oil extended gains as investors eye Middle East tensions, US rate cut

While hopes of rate cuts and conflict in the Red Sea have led to a rebound in crude prices, Maersk's announcement of a restart of shipping routes through the waterway has alleviated supply concerns

Payment woes delay supply of Russian Sokol oil crude to India: Report

IOC is the only state refiner that has an annual deal to buy a variety of Russian grades, including Sokol, from Russian oil major Rosneft. Sokol oil is supplied to IOC by Sakhalin-1 LLC

Foreign shareholders freeze participation in Russia's Arctic LNG 2: Report

The project, seen as a key element in Russia's drive to boost its LNG global market share to 20 per cent by 2030 from 8 per cent, was already facing difficulties due to US sanctions

Japan automakers to invest $4.3 bn in Thailand over 5 years: Thai govt

Toyota Motor and Honda Motor will invest about 50 billion baht each, while Isuzu Motors will invest 30 billion baht and Mitsubishi Motors 20 billion baht, spokesperson Chai Wacharoke said

Gaza war far from over: Netanyahu reaffirms; Israel's budget deficit swells

Israel's war with Hamas in Gaza will likely cost it at least another 50 billion shekels ($14 billion) in 2024 and result in a near-tripling of its budget deficit, the Finance Ministry said on Monday