Page 723 - Reuters%20/t%20_blank%20

China's manufacturing activity expands at fastest pace since 2012

The world's second-largest economy recorded one of its worst years in nearly half a century in 2022 due to strict Covid lockdowns and subsequent widespread infections

India's unemployment rate rose to 7.45% from 7.14% in January: CMIE

India's unemployment rate rose to 7.45% in February from 7.14% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Wednesday

Feb manufacturing PMI falls to four-month low amid rising borrowing costs

The manufacturing sector shrank 1.1% in the quarter year-on-year, the second straight contraction reflecting a weakness in exports

Oil prices rise as China factory gains boost demand outlook for fuel

Brent crude oil for May was up 24 cents, 0.3%, to 83.69 a barrel at 0214 GMT. The April contract expired on Tuesday up $1.44, or 1.8%, at $83.89.

Apple supplier Foxlink says working to resume production after India fire

Taiwanese Apple Inc supplier Foxlink said it is working hard to resume production following a fire at a plant in southern India that halted operations at the maker of iPhone charging cables

US attaches childcare strings to $52-billion subsidy for chip makers

The condition marks an unusual use of the federal government's powers. Officials said the rule was intended to address a worker shortage

US Federal Reserve may hike policy rates to 6%: BofA Global Research

Strong US consumer demand and a tight labour market would force the central bank to battle inflation for longer

Fox hosts endorsed Trump's lie that Prez elections were rigged: Murdoch

He acknowledged this while being questioned under oath in a $1.6-bn suit by Dominion Voting Systems

India to withdraw licenses for oil tankers, bulk carriers older than 25 yrs

"Age norms will assist in ensuring gradual phasing out of fossil fuel ships and ushering in of alternate/low carbon energy efficient ships," the order said

Air India to triple current aircraft fleet in a few years: CEO Wilson

Tata group-owned Air India has said that it would increase its fleet by a record 470 aircraft, funding the $70 billion order with internal cash, equity and through sale-and-leasebacks

Court orders jail for 2 Maiden Pharma execs for exporting substandard drugs

The company has denied its drugs were at fault for the deaths in Gambia and tests by an Indian government laboratory found there were no toxins in them

India's passenger vehicle sales to grow 9%-10% in 2024: Crisil Ratings

SUVs are expected to nearly double their share in overall domestic sales to roughly 55% in fiscal 2024 from about 28% in fiscal 2018

Apple supplier Foxlink unlikely to resume full India ops for 2 mths: Report

The facility in India's Andhra Pradesh state, where Foxlink makes charging cables for iPhones, was engulfed in a massive fire on Monday that led part of the building to collapse to the ground

Sebi bars 21 entities from capital markets in Axis MF case: Interim order

The market regulator said it identified Rs 30.5 crore as wrongful gains accrued due to the alleged front-running activities and directed that this amount be impounded from the entities

India's private equity investment declines by 23.4% in 2022, says S&P

Private equity (PE) investments in India dropped 23.4% in 2022 from a year earlier, a report from S&P Global Market Intelligence showed on Tuesday

Sri Lanka's key inflation rate eases to 50.6% in February: Colombo CPI

(Reuters) -Sri Lanka's key inflation rate eased to 50.6% in February from 51.7% in January, the statistics department said on Tuesday, as food prices eased

New Delhi city warns Uber, Ola on use of bike taxis, says official

As of Tuesday, bike taxis continue to be available for booking on Uber and Ola apps in New Delhi.

Apr-Jan fiscal deficit comes at $144.19 bn; touches 68% of full-year target

India aims to end the current fiscal year with a budget deficit of 6.4 per cent

SBI raises $1 billion via syndicated social loan for further lending

The funds will be used to further lend to microfinance institutions and self-help groups, a senior official at SBI, who declined to be named, told Reuters

Passenger vehicle sales expected to grow 9-10% in 2024: Crisil Ratings

Higher incomes and a strong order book driven by pent-up demand, especially for SUVs, will support domestic growth even as exports remain sluggish helping vehicle sales touch a record of 5 mn units