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India's worst period of macro instability possibly over: Morgan Stanley

India's worst period of macro instability is possibly over, and both consumer inflation and trade deficit are expected to moderate albeit gradually, Morgan Stanley said

China regulator launches new probe into banks' property loan exposure

The China Banking and Insurance Regulatory Commission (CBIRC) is looking at banks' loan book exposure to developers to find out if those credit decisions were made according to the rules

Asset managers on the alert after 'WhatsApp' crackdown on banks

The issue gathered urgency when the pandemic forced more finance staff to work from home in 2020

NHPC Ltd inks pact to develop Nepal hydropower plant left by China

Officials said India's NHPC Ltd signed a memorandum of understanding (MOU) on Thursday allowing it to study details like feasibility, environmental impact, inundation of land and construction costs

Oil up 3% on account of robust US crude stocks data, tight supply outlook

Prices rose more than 1% during the previous session, although Brent at one point fell to its lowest since February, as signs of a slowdown mounted in some places

Wall Street slips as weekly jobless claims edge lower

Weekly jobless claims fall 2,000 to 250,000; Kohl's slashes 2022 forecasts

Dollar holds gains as minutes suggest Fed set for lengthy inflation fight

The dollar touched a three-week high on Thursday after minutes from the Federal Reserve's July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation.

Musk's 'joke' ManU tweet unlikely to land him regulator's red card: Experts

It is unlikely that the SEC would be able to demonstrate that Musk was trying to commit securities fraud, based on the available information, said several attorneys.

Oil rises as US crude stocks data, tight supply from Russia raise concerns

US crude stocks fall by over 7 million barrels

Gold prices near two-week low as dollar firms after Fed's July minutes

Federal Reserve's July meeting suggested the rise in Central Bank's rates to tame inflation; gold dropped to its lowest in August, dollar rose 0.2 percent hitting a three-week high

Maruti Suzuki aims to win over SUV buyers with enhanced version of Alto

India's biggest carmaker hopes to arrest this trend by targeting young buyers in large cities with its new Alto which is bigger than its predecessor

70 firefighters deployed after fire in London railway arch stops trains

Footage tweeted by the fire brigade showed large plumes of smoke coming from under the railway arch, which it said was "completely alight"

Coca-Cola and McDonald's left Russia, but their brands stayed behind

Companies pulled back from Russia this spring after Moscow sent thousands of troops into Ukraine, in response to investor and public pressure

China's Tencent reports first-ever drop in revenue as economy sinks

Revenue from online games decreased both at home and abroad by 1%

In two China cities, civil servants told to help clear unsold homes

Sixian, a small city in the eastern province of Anhui, has required civil servants to sell property to their friends and family, the Chinese financial media outlet Yicai reported on Wednesday

Wall Street falls as growth stocks slide, Target weighs on retail shares

US retail sales flat in July; core sales rise; retailer Target's quarterly profit slumps

Oil slips to six-month low as fears over global recession weigh

Oil fell on Wednesday to a 6 month low after a brief respite as concerns about the prospect of recession that would weaken demand overshadowed a report showing lower US crude & gasoline stocks

Indian ship used to move Russia-linked fuel to New York: US tells India

The US Treasury Dept told India that an Indian ship picked up oil from a Russian tanker on the high seas and brought it to a port in Gujarat, said RBI Deputy Governor Michael Patra

Rupee posts biggest intraday gain in over a week as equities rally

The Indian rupee closed higher on Wednesday marking its biggest single-day gain in more than one week spurred by dollar inflows, as improved risk appetite drove a rally in equities.

Gold struggles for direction with firmer dollar, Fed minutes on the radar

Gold prices were little changed on Wednesday, with gains curbed by a firmer dollar, while investors braced for any guidance on future US interest rate hikes from the minutes of the Federal Reserve's