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UK's Liz Truss considers 5% cut in VAT if she becomes PM: Report

The govt has been facing growing calls to provide immediate financial support to households struggling with squeezed budgets as energy bills jump 80% to an average of 3,549 pounds a year from Oct

Ukraine on edge as Zaporizhzhia nuclear plant, region's towns shelled

Moscow reports more shelling near Russia-held plant; no new information from Ukraine nuclear operator * IAEA awaits clearance to visit Zaporizhzhia plant

Senator Warren worries that Fed will tip US economy into recession

The US central bank's chief warned on Friday that Americans were headed for a painful period of slow economic growth and possibly rising joblessness as the Fed raises interest rates to fight inflation

Will continue to invest in India aggressively: Suzuki Motor President

India has become one of the most important countries for Suzuki Group, says Toshihiro Suzuki

Wall Street Week Ahead: US summer stock rally at risk as September looms

Chief among the reasons for the gloomy outlook is a belief that the Fed will continue hiking rates and keep them above neutral longer than markets had anticipated as recently as a week ago

Maruti Suzuki open to partnerships to secure future supply chain: Chairman

"If required somewhere, we will get into a joint venture," said Bhargava, when asked what role Maruti would play in setting up and securing its future supply chain.

Dollar rebounds as Fed Chair Powell commits to fighting inflation

The dollar index gained after Federal Reserve Chair adopted a hawkish tone to battling inflation, but did not settle the debate on how large a rate increase is likely

Govt weighs curbs on exports of 100% broken rice after paddy area shrinks

The potential export curbs could lift rice prices globally because India accounts for more than 40% of the world's rice shipments.

Oil prices dip after US Fed chair Powell warns of economic pain ahead

Brent crude futures fell 1 cent to $99.33 a barrel by 1:13 p.m. EDT (1713 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 33 cents to $92.19 a barrel.

US, China reach audit deal allowing regulators to vet accounting firms

US regulators long demanded access to audit papers of Chinese companies listed in the US, but Beijing has been reluctant to let overseas regulators inspect accounting firms, citing security concerns.

US spending misses target due to drop in gasoline prices, inflation eases

Slowdown in inflation likely to be welcomed by Fed officials

Stocks slide, dollar cuts losses as Fed's Powell warns of economic pain

"Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions," Powell said.

Dollar index volatile after Fed's Jerome Powell comments on inflation

Powell struck a hawkish tone, as was widely expected, and said that the Fed's overarching focus is to bring price pressures back down to the Fed's target of 2%.

Brent crude anchored above $100 a barrel, heading for weekly gain

Brent crude futures climbed $1.53, or 1.54%, to $100.87 a barrel by 1051 GMT. U.S. West Texas Intermediate (WTI) crude futures rose $1.20 cents, or 1.3%, to $93.72.

India in talks with Russia over LNG supply resumption, says GAIL

"There are some immediate issues which we are trying to tackle both at the company level and also at G2G (government to government) level," said GAIL Chairman Manoj Jain

Base effect to lift India's GDP growth to double-digits in Apr-Jun: Poll

Growth would be the fastest in a year, but slightly weaker than the Reserve Bank of India's forecast of 16.2%. The data will be released at 1200 GMT on Aug. 31

Rupee to remain under pressure despite RBI support, says Societe Generale

Rupee is likely to struggle against the dollar as slowing global growth and the Federal Reserve's interest rate stance overshadows RBI's intervention, suggested Societe General

Oil prices edge up on signs of improving fuel demand, await Fed outlook

Oil prices rose as much as $1 on signs of improving fuel demand, although further gains were capped as the market awaited clues from the US Federal Reserve chairman

Asian shares rise by 0.4% as hopes for audit deal boost Chinese tech

Asian shares rose on Friday, buoyed by news of possible progress for China and the United States to hammer out an audit deal, while traders anxiously awaited a speech from Federal Reserve Chair Jerome

Adani says regulatory curbs do not restrict bid to take over NDTV

NDTV sought to block tycoon Gautam Adani's move, saying its founders Prannoy and Radhika Roy have since 2020 been barred by the SEBI from buying or selling shares in India's securities market