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Hyundai to pay $40mn fee to banks advising on India IPO, 2nd biggest payday

Hyundai Motor's India unit this month filed for regulatory approval for a listing, which could be the nation's biggest and will see the South Korean parent raise around $2.5-$3 billion

Volkswagen's $5 bn investment in US's Rivian boosts EV maker's shares

Shares of Rivian surged about 50 per cent in extended trade after the announcement

US, Russia defense chiefs speak amid rising tensions over Crimea attack

Belousov warned Austin of the dangers of continued US arms supplies to Ukraine in the 28-month-old war

Wealthy nation creditor club sees tide shifting as debt defaults decline

A string of defaults, from Zambia to Sri Lanka, began in 2020 when the Covid-19 pandemic triggered a series of economic shocks

Nato selects Dutch PM Mark Rutte as new boss amid ongoing Ukraine war

Rutte's appointment became a formality after his only rival for the post, Romanian President Klaus Iohannis, announced last week that he had quit the race

California drives US utility-scale battery storage growth in power systems

Total battery storage capacity in the US is currently estimated at around 17.5 GW

Global LNG market remains in fragile equilibrium on limited supply: IGU

The pace of growth was lower than the 5.6 per cent seen in 2022, as limited supply remains the primary growth- limiting factor

What Indian industry wants from PM Modi's Budget after poll setback

Finance Minister Nirmala Sitharaman is considering lowering personal tax rates for certain categories of individuals

Rupee weakens amid dollar bids related to expiry of currency futures

Asian peers dipped, weighed by concerns that US interest rates could remain high for longer

Vedanta Resources to sell 2.6% stake in Indian miner Vedanta in about-turn

Vedanta Resources will sell the stake through its unit Finsider International, which held a 2.63 per cent stake in Mumbai-listed Vedanta

Congestion at Singapore port shows global ripple impact of Red Sea attacks

Retailers, manufacturers and other industries that rely on massive box ships are again battling surging rates, port backups and shortages of empty containers

Govt bond yields seen steady with focus on global index inclusion

Inflows into bonds under the fully accessible route, which will be included in JPMorgan's widely-tracked emerging market debt index on June 28, have risen to more than $10 billion

S Korea's Incheon airport briefly shuts down runways due to trash balloons

One balloon landed on the tarmac near passenger Terminal 2 and the three runways at Incheon were temporarily shut down

Determined to respond to financial crime risks: Singapore PM Wong

Singapore published a national asset recovery strategy report as part of its efforts to enhance its anti-money laundering

Peru eases Chinese port dispute ahead of president's meet with Xi Jinping

The government had requested in March the annulment of its decision to give Hong Kong-based Cosco Shipping Ports exclusive rights

Asian shares shaky as investors wary before US inflation data, yen lurks

Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term US rate cut expectations in check in a boost to the dollar

India's bond index entry to suck $11 bn from S Africa, Poland and Thailand

It will also pull $2.9 billion and $2.5 billion from the Czech Republic and Chile respectively, it added

Over 200 investors join forces to push for policy action on nature loss

Spring initiative comes ahead of global talks in Colombia in October that aim to accelerate efforts to protect and restore nature

S Korean authorities order battery maker to halt ops over deadly fire

The fire at unlisted battery maker Aricell on Monday was one of the deadliest industrial accidents in recent years

OpenAI delays rolling out its 'Voice Mode' to July due to technical issues

The feature will initially be released to a small group of users to gather feedback and will be made available to all Plus users in the fall