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Bank of England raises rates by most since 1989 even as recession looms

Central bank raises bank rate to 3% from 2.25%

GIC, ESR Group set up $600 mn India JV to buy industrial, logistics assets

The new JV, in which GIC is an 80% owner, is an extension of an existing partnership between the entities in the country.

Ajit Mohan steps down as Meta India head, may join social media firm Snap

Manish Chopra, director and head of partnerships at Meta India, will take over on an interim capacity

Vodafone Idea Q2 loss widens on higher expenses, subscriber loss

ARPU of larger rivals Reliance Jio and Bharti Airtel was at 177.2 rupees and 190 rupees in the quarter, respectively

Hero MotoCorp reports bigger-than-expected fall in Q2 net as expenses rise

Analysts, on average, had expected a profit of Rs 7.41 billion, according to Refinitiv IBES data

North Korea fires suspected ICBM, warns US against 'dangerous' choices

On Oct 4, North Korea launched a ballistic missile over Japan for the first time in five years

Oil prices fall as US Fed interest rate hike raises fuel demand concerns

OPEC and its allies including Russia, known collectively as OPEC+, also decided to cut targeted output by 2 million bpd from this month

5 dead after methane leak at ArcelorMittal coal mine in Kazakhstan

Five people died and four others were hospitalised after a methane gas leak at an ArcelorMittal coal mine in Kazakhstan

G20 host Indonesia waiting to see if Russia's Putin will attend summit

Foreign Minister Retno Marsudi told Reuters in an interview that Putin's attendance at the meeting might only become clear at the last minute

Pfizer, BioNTech start Covid-flu combination vaccine early-stage study

The single-dose vaccine candidate is a combination of Pfizer's mRNA-based flu shot and the companies' Omicron-tailored Covid-19 booster shot

Europe leans on Asian firms for 'homegrown' electric vehicle batteries

French battery startup Verkor, for example, announced on Wednesday that it had raised 250 million euros ($249 million) to fund a megafactory

Dollar rallies as US Federal Reserve signals more rate hikes; pound drops

The Japanese yen eased 0.2% against the dollar to 148.18, as traders continue to watch for any further official intervention to shore up the battered currency

Bond yields spike, tracking US peers on Fed's hawkish monetary policy tone

The 10-year U.S. yield rose above 4.10%, but the two-year US yield, which is a more direct indicator of rate expectations, rose closer to its highest level in over 15 years

Gold prices at two-week low as Jerome Powell quashes dovish pivot hopes

Higher US interest rates increase the opportunity cost of holding the non-yielding asset and boosts the dollar

Adani Total Gas reports marginal rise in Q2 profit to Rs 1.60 billion

Adani Total Gas said revenue rose due to increased volumes and higher prices, as it passed on some of the rise in input costs to customers

October iron ore exports 'nearly zero', says mining body official

"In October, exports were nearly zero, and it will be so while the duty remains," R.K. Sharma, secretary-general of the Federation of Indian Mineral Industries (FIMI), told Reuters in an interview

Adani Wilmar's profit falls 73% on the back of cost rise, soft rural demand

India's Adani Wilmar reported a 73% slump in second-quarter profit on Thursday, as the Fortune cooking oil maker reeled under dull demand from rural areas

Banks' reliance on deposits increases amid strong credit growth

Banks have raised over 3.51 trillion Indian rupees($42.41 billion) through certificate of deposits (CDs)in April-October, 22% higher than the 2.87 trillion rupees raised in 2021-2022

Growth in India's services sector quickens in Oct, PMI edges up to 55.1

The rate of inflation outpaced its long-run average, suggesting no respite from higher cost pressures in Asia's third-largest economy

Asian shares slip after US Fed flags higher peak for interest rates

Investors were initially cheered that the Fed at least opened the door to a slowdown in the pace of hikes after raising interest rates 75 basis points to 3.75-4.0%