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Russian central bank hikes interest rates by 100 basis points to 16%

"The return of inflation to target in 2024 and its further stabilisation close to 4% assume that tight monetary conditions will be maintained in the economy for a long period"

Disney-Reliance merger may be beset with antitrust headaches: Experts

One key area of regulatory scrutiny for a Disney-Reliance merger would be their streaming businesses and their power over advertising during cricket

H&M reports 4% drop in Sep-Nov sales, slightly more than expected

H&M has been losing ground to Zara owner Inditex, which on Wednesday reported a 15% rise in local-currency sales for the nine months through October, and a 14% rise for the following six weeks

India to resume Venezuelan oil purchases, says Hardeep Singh Puri

India is willing to buy oil from any country that is not sanctioned, the minister added

Blizzards sweep across Russia bringing more than 20 cm of snow fall

A cyclone brought more than a day of constant blizzards to the Russian capital in what could be one of the strongest snow storms to hit Moscow in 60 years, according to meteorologists

Disgraced ex-IMF chief Rodrigo Rato goes on trial for tax evasion

The credit card case sparked widespread anger at a time when Spain was recovering from years of recession and a banking crisis partly triggered by Bankia's massive bailout

China pressures Taiwan with trade accusations, warplanes ahead of elections

China in October said it was extending its trade barrier investigation to Jan. 12, the eve of Taiwan's elections. Taiwan denounced that at the time as election interference

China to run budget gap of 3% of GDP in 2024, issue special debt: Report

"The 2024 deficit ratio is set to be 3% and the insufficient part can be supplemented by special sovereign debt," one of the sources said

China Nov industrial output rises 6.6%, retail sales below expectations

The data on output released on Friday by the National Bureau of Statistics (NBS) exceeded analysts' expectations for a 5.6% rise in a Reuters poll and made it the strongest growth since September 2022

Indian oil product demand growth to slow ahead: International Energy Agency

Indian oil product deliveries edged higher in November but were underwhelming compared to the usual seasonal rise, the agency noted. Deliveries in November increased by 40,000 barrels per day

Google plans to phase out use of third-party cookies for users in 2024

The search giant is set to roll out the feature, called Tracking Protection, on Jan. 4 to 1% of Chrome users globally, that will restrict cross-site tracking by default

US economy still strong as retail sales beat expectations, layoffs stay low

Retail sales increased 4.1% year-on-year in November. Though the pace has slowed as households adjust to higher borrowing costs and prices, it remains sufficient to ward off a recession

Tata Capital eyes fashion brand Rare Rabbit at $300 mn valuation: Reports

Rare Rabbit was started in 2015 by an Indian family-run company Radhamani Textiles, and sells shirts, jeans, jackets and sneakers that are priced as low as $20 and all the way up to the high-end range

Embassy REIT expects SEZ regulation tweak to boost its finances from FY25

Embassy, which has business parks at SEZs in Bengaluru and Noida, saw its consolidated profit fall 46% to 236.8 million rupees ($2.84 million) in the September quarter, while its revenue grew about 4%

Dollar hits 4 month low as Fed signals rate cuts, NOK stronger after hike

Fed Chair Jerome Powell said at Wednesday's Federal Open Market Committee (FOMC) meeting that the historic tightening of monetary policy is likely over

India's Nov Russian oil imports hit 4-month high, up 3% from Oct: Report

Last month, India overall imported about 4.5 million bpd oil, a decline of about 4.5% from October and a growth of 13% over the same month last year, the data showed

Centre cuts logistics costs to below 9% of GDP with higher state spending

According to the World Bank's Logistics Performance Index, India ranked 38th out of 139 countries in 2023, helped by improving road and port networks and digitisation of the supply chains

PM Modi seeks to revive hinterland finance hub GIFT city with new breaks

Modi last weekend addressed an investment conference in the city to breathe life back into the site, calling for it to become a "new age financial services and technology nerve center"

Booming Indian coal demand driving up the shares of state-run giants

NTPC, which produces mostly coal-fired power, has surged 78%, far ahead of a gain of 17% in the broader Nifty Index, while shares of Coal India are up 55% for their best year in 2023

Singapore's Sembcorp renewables' unit gets 300 MW solar project from NHPC

The project will be funded by internal funds and debt, and is expected to be ready for commercial operation in 2026, the energy and urban solutions provider said