Page 582 - Reuters%20/t%20_blank

US regulators inspect Dr Reddy's, other Indian pharma majors: Report

Rivals Sun Pharma's Dadra facility and Torrent Pharmaceuticals Ltd's oncology unit are also undergoing FDA inspections

RBI reins in peer-to-peer lending practices after finding rule violations

They added that some lenders had already begun halting certain services and practices in line with the central bank's guidance, while failure to comply could risk future penalties or restrictions

Apple warns India's EU-style charger rules will hit local production target

Apple asked officials to exempt existing iPhone models from the rules, warning it will otherwise struggle to meet production targets set under PLI scheme

Fed cut expectations 'overdone,' volatility to jump in 2024: BlackRock

"Market pricing for rate cuts is a bit overdone in our view," said Wei Li, Global Chief Investment Strategist for BlackRock. "Rate volatility is here to stay"

COP28: UN says 63 countries have backed pledge to curb cooling emission

The Global Cooling Pledge marks the world's first collective focus on climate-warming emissions from cooling, which includes refrigeration for food and medicine and air conditioning

Foxconn resumes iPhone assembly in Chennai plant after weather disruptions

Foxconn and Pegatron had on Monday halted production of iPhones at their factories near Chennai because of heavy rain as a severe cyclone neared

Two new multi-billion-dollar petrochemical plants to weigh on markets

While producers remain bullish longer term, largely off the back of economic growth in India and China, the splurge in new capacity is weighing on markets near term

Gupta asks court to lift freezing order in Trafigura nickel fraud case

Trafigura filed a lawsuit against Gupta in February, alleging seven trading companies that Trafigura said are controlled by him carried out "systematic fraud" over nickel cargoes

Rupee see-saws in thin band, likely because RBI offsets corporate dollar

The RBI sold dollars near the start of the spot trading session and also intermittently stepped in during the day, traders said

Renault to invest $379 million to produce new hybrid SUV in Brazil

The model will be produced at the Curitiba Veiculos de Passeio factory, at the Ayrton Senna Industrial Complex in Sao Jose dos Pinhais in the state of Parana in Brazil

Germany remains Europe's top destination for foreign direct investment

Other countries such as Switzerland and France have also noted declines as companies lean towards mergers and acquisitions rather than investments in an uncertain economic environment

Draft text at COP28 shows negotiators considering fossil fuel 'phase out'

The first option in the draft text was listed as "an orderly and just phase out of fossil fuels". The second called for "accelerating efforts towards phasing out unabated fossil fuels

Nepal urges Russia not to recruit its citizens into army; says six killed

The small Himalayan nation, wedged between China and India, has no such agreement with Russia, which invaded neighbouring Ukraine in February 2022 and has been engaged in a war since

US joins several nations in backing COP28 pledge to slash cooling emissions

It's a tough task, given the cooling industry is only expected to grow as temperatures continue to climb

Foxconn cancels first shift at Indian iPhone facility after extreme weather

Foxconn's operations in the facility near the south Indian city of Chennai were likely to resume after the first shift, the sources said

AC companies plan cool designs for warming world, but high costs a hurdle

While cooling technologies can save lives during deadly heat, they also threaten to worsen the climate crisis

Govt bond yields track US peers lower on expectation of political stability

The probability of a rate cut in March is above 66% and traders are near certain of a cut in May, which pushed the US 10-year yield to a three-month low. It was last around 4.25%

Global banks face negative outlook, property stress in 2024: Moody's

Moody's said in its report that it expected money to remain tight next year, lowering economic growth even as central banks are expected to start cutting rates

Climate finance in the spotlight at COP28 climate talks to bridge gaps

The amount of cash needed for the energy transition, climate adaptation and disaster relief is overwhelming

Euro zone yields hit multi-month lows as markets increase bets on rate cuts

Euro zone inflation eased to 2.4% in November from 2.9% in October, data showed last week, prompting bets that the ECB will begin cutting interest rates sooner than previously thought