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China's single-day Covid tally hits record high with 31,444 new cases

That number broke China's previous record set on April 13, when local cases hit 29,317

Cotton exports stall as farmers delay sales hoping for higher prices

The limited supplies are keeping local prices significantly above the global benchmark, making overseas sales unviable from the world's biggest producer of the fibre

Gold prices bounce back above key level as Fed signals slower rate hikes

Lower rates tend to lift the appeal for bullion in comparison with other interest-bearing assets

Asian shares higher on signs of Fed rate hike slowdown, China stimulus

Asian shares tracked Wall Street higher on Thursday, buoyed by signals the US Federal Reserve may slow the pace of interest rate hikes and news of fresh economic stimulus from China

Dollar slips as risk sentiment improves among investors after Fed minutes

The US dollar was broadly weaker on Thursday as investors, encouraged prospect of a slower pace of interest rate hikes from the federal reserve, placed bets on riskier assets

Proposed G7 oil price cap to have little immediate impact on Russia

G7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues

Credit Suisse expects pre-tax loss of up to 1.5 billion Sfr in Q4

The profit warning is a blow for the bank which had previously said it expected to make a net loss during the last three months of the year but did not give a figure

India's cotton exports stall as farmers delay sales for higher prices

Indian traders are struggling to export cotton despite higher production as farmers are delaying sale of their harvest hoping for higher prices in coming months

Oil prices rise to near $90/bbl on account of US crude stock drop

Brent crude futures rose $1.03, or 1.17%, to $89.39 a barrel at 0941 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.06%, to $81.81 a barrel

China widens Covid curbs, Apple factory unrest adds to economy worries

In Beijing, malls and parks were shut and once-bustling areas of the capital resembled ghost towns as authorities urged people to stay home

Gautam Adani's mega port hangs in balance as fishing community protests

For Adani, the world's third-richest person according to Forbes, it's a high-stakes impasse with no apparent easy solution

Dollar steady as investors weigh their risk appetite ahead of Fed minutes

The Fed on Wednesday will release the minutes from its most recent meeting

Asia share markets gain despite Chinese Covid case numbers rising

Asian share markets were mostly in positive territory on Wednesday despite rising Covid cases in China

Gold prices flat as market awaits Fed minutes for rate-hike path

Spot gold was flat at $1,739.90 per ounce by 0121 GMT

China set to fine Ant Group over $1 bn, signalling revamp nears end

A fine on Ant could help pave the way for the company to secure a long-awaited financial holding company license, seek growth again, and eventually revive its plans for a public market debut

'Boomerang CEOs' don't always work out; Disney hopes to buck trend

The stock performance of companies led by CEOs who returned for another stint in their former position - so-called boomerang CEOs - was 10.1 per cent lower during their tenures

Credit Suisse lays off one-third of China-based investment bankers

Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department

India may boost rural spending by 50% next year to spur jobs, housing

India may increase rural spending by nearly 50% to 2 trillion rupees ($24.51 billion) next fiscal year, as the country seeks to boost jobs

Don't like Musk? Work for us: Tech firms woo ex-Twitter employees

Put off by Elon Musk's muscular management style? Move to us! That's the pitch being used by talent-starved technology firms trying to lure thousands of former Twitter Inc employees laid off

UK watchdog to investigate Apple, Google mobile browser dominance

Britain's competition watchdog on Tuesday launched an in-depth investigation into the dominance of the mobile browsers of Apple and Google