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In a first, India buys discounted Venezuelan petcoke to replace coal

Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation boosts exports

Fairfax group-backed Digit Insurance files draft papers for India IPO

India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, has filed for an initial public offering, papers submitted to the market regulator showed on Tuesday.

Barclays sees crude oil surplus in near-term, cuts Brent price view

Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies

Retail inflation may remain elevated despite easing in July: Report

India's headline retail inflation that eased for the third straight month in July is expected to remain above the central bank's upper tolerance range in the near term, analysts said

Gold extends fall by 1% on stronger dollar, US Fed rate-hike worries

Spot gold was down 0.1% at $1,777.46 per ounce, as of 0054 GMT, after hitting its lowest since Aug. 8 at $1,772.30 on Monday

Dollar firm vs Aussie, euro, Chinese yuan on heightened recession worries

The safe-haven U.S. dollar hovered near a one-week high on Tuesday while the Aussie, euro and Chinese yuan remained under pressure as weak global economic data reignited recession fears.

Oil prices fall as recessionary worries weigh on energy demand outlook

Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China spurred fresh concerns about a potential global recession that could hit energy demand

Inflation, labour shortages to delay recovery in business travel spending

A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026, a new industry forecast shows

Growth stocks lift Wall Street out of slowdown worries; energy shares down

China cuts key rates as economic data disappoints; energy shares down as oil tumbles on demand worries; yields slip on renewed global slowdown concerns

Moderna's Omicron-adapted Covid vaccine wins first approval in Britain

The UK medicines regulator (MHRA) approved the so-called bivalent vaccine made by the US drug company Moderna as a booster for adults

Caste in California: Tech giants confront ancient Indian hierarchy

Apple updated its general employee conduct policy about two years ago to prohibit discrimination on the basis of caste, which it added alongside existing categories such as race, religion, gender, age

Precious metals fall as dollar firms, gold hits its lowest since Aug 8

Spot gold slid 1.3% to $1,778.35 per ounce by 11:16 ET, having hit its lowest since Aug. 8 earlier in the session. U.S. gold futures dropped 1.2% to $1,794.20.

Volkswagen AG, M&M deepen EV component co-operation, sign term sheet

The agreement covers components of Volkswagen's open platform for electric vehicles (EVs), called MEB, to be supplied to Mahindra's new electric platform INGLO, the companies said in a joint statement

Disappointing China economic data sparks industrial metals' sell-off

China's economy unexpectedly slowed in July, with growth in industrial output, fixed-asset investment, total social financing and new yuan loans slowing

Dollar jumps on safety flows after China data, yuan slips on rate cut

The U.S. dollar index against six peers rose 0.6% to 106.3, consolidating near the middle of its range this month. The euro eased 0.6% against the dollar to $1.0191, after touching a one-week low.

Oil drops over $3 a barrel as China data disappoints, Iran talks in focus

Brent crude futures fell $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after settling 1.5% lower on Friday.

Indian ship used to reroute Russian-linked fuel to New York: US tells India

The United States has expressed concern to India that it was used earlier this year to export fuel made from Russian crude to New York through high-seas transfers, a top Indian central banker said

Gold dips as US dollar firms, Fed rate-hike to tame inflation fears linger

Spot gold was down 0.4% at $1,794.78 per ounce, as of 0352 GMT, after rising about 1.6% last week. US gold futures fell 0.3% to $1,810.

Delegation of US lawmakers arrives in Taiwan with China tensions simmering

Taiwan's Foreign Ministry published pictures of four of the group being met at Taipei's downtown Songshan airport having arrived on a US air force transport jet

US lawmakers reach Taiwan amid tensions with China, says report

China's embassy in Washington said on Sunday that "members of the U.S. Congress should act in consistence with the U.S.