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Bank of England halts run of interest rate hikes as economy slows

It cut its forecast for economic growth in the July-September period to just 0.1% from August's forecast of 0.4% and noted clear signs of weakness in the housing market

Rupert Murdoch steps down as chairman of Fox and News Corp: Report

His son, Lachlan Murdoch, will become the sole chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday

Sebi firms 'corporate group' definition amid offshore funds scrutiny

This communication was sent by stock exchanges on behalf of the regulator - the Securities and Exchange Board of India (SEBI) - to companies earlier this week and has not been previously reported

Adani forms joint venture to redevelop one of Asia's biggest slums Dharavi

Adani group won the Dharavi rebuilding project in July by bidding $610 million for the project

US weekly jobless claims at 8 month low, unemployment numbers falling

Demand for labor is slowing, overall labor market conditions have remained tight despite higher interest rates

JSW in talks with LG Energy Solution to make EV batteries in India

The Indian company is also talking to other battery players including China's CATL and Japan's Panasonic and Toshiba as it looks to build a local supply chain for EVs

RBI proposes lenders identify 'wilful defaulters' within six months

The regulator proposed that non-banking finance companies (NBFCs) should also be allowed to tag accounts using the same parameters

India's soybean production may drop due to erratic rain: Industry officials

India uses soybeans to manufacture soyoil, which helps the country cut its hefty edible oil imports, while the by-product soymeal is used for animal feed and exported mainly to Southeast Asia

China's economic woes deepen, advisors suggest more infrastructure spending

Advisers calling for immediate stimulus argue the central government's low debt means it can shoulder the burden with municipalities to finance infrastructure

Adjusting diplomatic staff in India after social media threats: Canada

With both nations expelling a diplomat each, analysts said relations between the two countries have touched the lowest point

GAIL issues tender to buy 1 LNG cargo for October delivery: Reports

India's largest gas distributor is seeking the cargo for delivery to the Dabhol terminal between Oct. 19-31

India counting on potash supplies despite diplomatic row with Canada

Ties between India and Canada deteriorated sharply after New Delhi and Ottawa expelled one of the other's diplomats in a dispute over the murder of a Sikh separatist leader

US Federal Reserve policymakers expect 5.1% policy rate at end of 2024

The dialed back pace of anticipated policy easing next year goes hand in hand with what policymakers expect to be mixed progress toward the Fed's 2% inflation goal

Fed leaves rates unchanged at 5.25-5.50%, sees tighter policy through 2024

As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range

Volvo to end diesel car production by 2024, to become all-electric carmaker

Sales of diesel models have declined rapidly in Europe since Volkswagen's emission-cheating scandal.

Huawei unit ships Chinese-made surveillance chips in fresh comeback sign

The shipments to surveillance camera manufacturers from the company's HiSilicon chip design unit started this year

Ola Electric eyes IPO filing by end-October in expedited listing plan

Backed by investors including Singapore's Temasek and Japan's SoftBank, Ola Electric was valued at $5.4 billion in a recent fund raising

Uber Eats to roll out AI assistant to help find deals, more payment options

Uber Eats will get a dedicated section to showcase promotional offers called "Sales Aisle". The new features are set to roll out this year or in 2024

Govt to sell up to 4.92% stake in utility company SJVN from Thursday

The sale of the federal government's 4.92% in the state-run hydro power generation firm could earn it about 13.34 billion rupees ($160.81 million)

Russia's Alrosa suspends diamond supply for Sept-Oct to aid weak prices

Shah also said the GJEPC had communicated with top diamond producer De Beers, a unit of Anglo American, which had pledged to "provide complete flexibility to all their clients."