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Chengdu locks down 21.2 mn as Chinese cities battle Covid outbreak

Chengdu locks down during four-day citywide testing; Shenzhen districts with over 15 mn residents limit business; most curbs in big Chinese cities intended for a few days

Bollywood broken? Amid streaming boom, movie moguls' spell over India fades

Indeed times have changed and Bollywood, a cultural pillar of modern India, is losing its allure

Dish TV shares surge 20% as chairman set to exit after Yes Bank tussle

The company on Tuesday said Goel would not opt for a re-appointment on its board and independent director Bhagwan Das Narang would vacate office after his term expired

Gold prices slip to six-week low on robust dollar, rate-hike view

Euro zone inflation rose to a record high last month, solidifying the case for further aggressive rate hikes by the European Central Bank.

Reckitt Benckiser says CEO Laxman Narasimhan to step down at end of Sept

Reckitt Benckiser said its Chief Executive Officer Laxman Narasimhan will step down at the end of September after three years in the role.

RBI may slow pace of rate hikes over growth concerns: Deutsche Bank

Das added that the central bank may consider 35 bps rate hike, should the U.S. Federal Reserve deliver a 75 bps rate hike on Sep. 21

SpiceJet shares fall 15% to hit one-month low on bigger quarterly loss

SpiceJet on Wednesday reported a net loss of 7.84 billion rupees ($98.50 million) for the quarter ended June 30, compared with a loss of 7.31 billion rupees a year earlier

Sony-Zee merger can hurt competition, more scrutiny needed, CCI says

The Competition Commission of India's (CCI) Aug. 3 notice to the two companies stated the watchdog is of the view that a further investigation is merited

NDTV says stake sale to Adani needs approval from tax authorities

NDTV said it had invited the Adani group's company to join its application to the tax authorities for clarification

Goldman cuts India's growth forecast to 7%; M Stanley sees downside risks

Goldman Sachs has revised lower its growth projections for India after the April-June quarterly gross domestic product readings missed market estimates.

China's new home prices fall marginally in August due to weak demand

New home prices in 100 cities fell 0.01% from a month earlier, unchanged from July, according to survey data released on Thursday by China Index Academy

China to publish detailed economic policy steps in early September

The government will lay out detailed plans to implement the 19 new policies it announced last week to support growth

Australia, NZ dollars hit six-week lows, domestic data a mixed bag

The Aussie slipped 0.4% to $0.6811, having breached chart support around $0.6840 to hit a low of $0.6805. The next major bear target is its July trough of $0.6683

Yen hits 24-year low, 140 level beckons as Fed hike bets buoy dollar

Markets have priced in about a 40% chance the ECB will increase rates by 75 basis points next week, even as risks of a painful recession rise along with gas prices

Oil prices slump again, hit by demand concerns over Covid-19 restrictions

Some OPEC+ members have called for cuts. The group is next due to meet on Sept. 5 amid weakening demand in Asia that spurred Saudi Arabia to lower its official selling prices to that region

World stocks fall and oil prices slide on rate and recession fears

Wall Street struggled to hang on to early gains while European shares deepened losses, hobbled by worries that tightening monetary policy around the world will hurt demand

Rate hike rush pushes gold to longest monthly losing streak in 4 years

Gold slipped on Wednesday and was on track for its longest run of monthly losses since 2018, pressured by aggressive rate hikes by major central banks across the world

Dollar eases, but remains near 2-decade high as traders brace for hikes

The index is on track for a rise of around 2.6% in August, its third-straight monthly gain

Amid rising prices, oil companies invest heavily in offshore drilling

Surging oil prices are encouraging the investments, along with Europe's mounting energy demand as the Ukraine-Russia war drags on

Heatwaves, Covid cases scald China's manufacturing activity in August

Covid cases, property sector woes also keep PMI below 50 in August