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Dollar gains as China sticks to strict Covid policy, souring risk sentiment

The dollar gained 0.9% on the Chinese offshore yuan to 7.237 in early Asia trade, while the risk-sensitive Australian and New Zealand dollars were also among the biggest losers

Foxconn says working to resume China production as soon as possible

Foxconn said in a statement that the provincial government in Henan, where Zhengzhou is located, "has made it clear that it will, as always, fully support Foxconn in Henan".

Oil prices fall more than 2% as China sticks to strict zero-Covid policy

Brent crude futures dropped $1.58, or 1.6%, to $96.99 a barrel by 2336 GMT, after hitting as low as $96.50 earlier.

SoftBank expected to face further weakness in tech stocks at Q2 earnings

SoftBank Group Corp is expected to face further weakness in tech stocks when it reports second-quarter earnings on Friday, after two brutal quarters that have shaken Masayoshi Son's tech conglomerate

What is 'loss and damage' compensation at COP27 and who should pay?

The COP27 summit follows a year of such disasters, from floods that killed more than 1,700 people in Pakistan to drought withering crops in China, Africa and the U.S.

China posts 6-month high Covid-19 infections as it sticks with strategy

China recorded 4,610 new Covid-19 infections on Saturday, of which 588 were symptomatic and 4,022 were asymptomatic, the National Health Commission said, the most since May 6

UK PM Rishi Sunak to pledge accelerated renewables plan at COP27 summit

Sunak made a last-minute decision on Nov. 2 to participate in the climate talks, reversing a plan much criticised by environmental activists and political opponents to skip the annual gathering

US privately asks Ukraine to show Russia it's open to talks: Report

The paper quoted unnamed people familiar with the discussions as saying that the request by American officials was not aimed at pushing Ukraine to the negotiating table

Musk's Twitter updates app to start charging $8 for blue checkmark

The billionaire entrepreneur and CEO of electric car maker Tesla cut half the staff at Twitter and has vowed to start charging users more

Twitter lays off staff as Musk blames activists for massive ad revenue drop

Tweets by the company staff said teams responsible for communications, content curation, human rights and machine learning ethics were among those gutted, as were some product and engineering teams

Investors pile into cash at fastest rate since Covid-19 crisis: BofA

Cash funds saw inflows of $62.1 billion this week, reflecting investor demand for dollars, which in turn saw the 19th straight week of outflows from gold funds

Marico posts surprise drop in Q2 profit to Rs 301 cr as rural demand slips

Expenses climbed 4%, while revenue increased 3% to 24.96 billion rupees led by growth in international business

Titan reports 33.7% rise in Q2 net profit on higher jewellery demand

The company earned a profit of 8.57 billion Indian rupees ($103.95 million) in the three months ended Sept. 30 from 6.41 billion rupees in the previous year

Iran is ready to deliver oil to India, says ambassador Iraj Elahi

"We always express our readiness to increase our economic ties with India. It's up to India, we are ready to deliver oil," Elahi said

Godrej Agrovet Q2 net profit falls 34.3% to Rs 71.76 cr on higher costs

Total revenue from operations grew 13.5% to Rs 2,445 crore

Oil climbs 3% as dollar slips; EU ban on Russian crude imports looms

US West Texas Intermediate (WTI) crude futures were up $3.52, or 3.99%, at $91.69 and on course for a weekly gain of more than 4%

TVS Motor reports lower-than-expected rise in Q2 profit at Rs 407 crore

Total expenses climbed 27.2% to Rs 66.71 billion

Forex reserves post biggest weekly gain in more than a year: RBI data

In the holiday-shortened week that ended Oct. 28, the rupee rose to snap a run of six weeks of declines

Banks' loans rise 17.9% YoY in two weeks to Oct 21, deposits up 9.5%: RBI

Bank deposits fell Rs 601.16 billion to Rs 172.04 trillion rupees in the two weeks to Oct 21

IndiGo Q2 loss widens to Rs 1,585 cr on higher fuel costs, forex losses

The company's loss widened to Rs 15.85 billion ($192.60 million) in the July-September quarter, from Rs 14.40 billion a year earlier