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Blackstone to close multi-strategy fund after assets drop nearly 90%

The US-based asset manager said it had informed clients after it decided in October that its Blackstone Diversified Multi-Strategy fund would close at the end of the year

Good news soon: Israeli PM Netanyahu; truce deal close, says Hamas

"The movement delivered its response to the brothers in Qatar and the mediators, and we are close to reaching a truce agreement," Haniyeh said in a statement on Telegram

COP28 at UAE: US, France to propose halt in pvt finance to coal-fired units

Chrysoula Zacharopoulou told the Indian government about the plan, called the "New Coal Exclusion Policy", for private financial institutions and insurance companies

OpenAI investors consider suing board after CEO's abrupt firing: Reports

OpenAI said OpenAI said it's in "intense discussions" to unify the company after another tumultuous day that saw most employees threaten to quit if Sam Altman doesn't return as chief executive officer

Jindal Power will not bid to take over airline Go First, say reports

The deadline to submit takeover bids ends on Tuesday, and the sources told Reuters Jindal had decided against bidding after evaluating the airline's financial statements

TCS to take $125 mn hit to Q3 earnings over US trade secret lawsuit

The US Supreme Court on Monday rejected TCS' appeal against a verdict passed by the District Court of Wisconsin, upholding an order that includes $140 million in punitive damages

Jio Financial Services in early talks with bankers for maiden bond issue

Jio Financial, which was carved out of Reliance Industries, is in the process of getting its credit rating and other necessary approvals

ED issues notice to Byju's for violation of forex rules, firm denies

The agency has alleged violations by the company worth Rs 9,000 crore ($1.1 billion) under the Foreign Exchange Management Act (FEMA), the television channel reported

Govt bonds may see $25 bn in inflows if included in Bloomberg indices: DBS

But bond yields may not rise if the inclusion is deferred as the market has not rallied in anticipation, Karyatt added

Indian researchers find no link between sudden death and Covid-19 shots

"We found no evidence of a positive association of Covid-19 vaccination with unexplained sudden death among young adults," the research group said in a study published

China on track to bring its carbon emissions to peak before 2030: Poll

Doubts have been cast on China's ability to meet its 2030 pledge, as authorities continue to approve dozens of new coal-fired power stations to meet rising energy demand

Close to truce agreement with Israel: Hamas chief even as assault continues

Hamas officials are "close to reaching a truce agreement" with Israel and the group has delivered its response to Qatari mediators, Ismail Haniyeh said in a statement sent to Reuters by his aide

Microsoft hires ousted CEO Sam Altman, OpenAI stares at mass exodus

He, along with Brockman, to lead a new AI research team; 500 OpenAI staffers threaten to quit unless board resigns

Britain proposes antitrust overhaul after Microsoft-Activision case

Following Brexit, the Competition and Markets Authority (CMA) has a bigger say over mega-mergers such as Microsoft's $69 billion acquisition of the "Call of Duty" maker

Structural demand for US debt strong despite market volatility: Moody's

Earlier this month, Moody's lowered its outlook on the US credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability

McDonald's to acquire investment firm Carlyle's 28% stake in China unit

The deal will help McDonald's raise its holdings to 48%, while a consortium led by state-backed conglomerate CITIC Ltd will maintain its controlling ownership with a 52% stake in the business

Toyota fined $60 m for lending abuses, soiling credit reports: US regulator

Toyota Motor Credit, the automaker's U.S.-based lending arm, will pay a $12 million civil fine and $48 million to car buyers harmed since 2016

Brent crude futures climb over 2% to gain $2 amid Opec production cuts

The front-month December WTI contract expires later on Monday. The more active January futures gained $1.79 to $77.83

UK PM Rishi Sunak promises tax cuts after meeting his inflation pledge

Under pressure from within his traditionally low-tax Conservative Party, Sunak said his govt needed to prioritise lowering the tax burden

Shakira reaches deal to avoid $15 million tax fraud trial in Spain

"Do you recognise the facts and conform with the new penalties that have been requested?" asked Judge Jose Manuel del Amo Sanchez. "Yes," Shakira responded