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IMF, World Bank to convene next sovereign debt roundtable for April 3

The meeting comes amid continued delays in securing debt treatment agreements for Zambia, Ghana, and Ethiopia that US officials and others blame on foot-dragging by China

Sanofi drug to treat 'smoker's lung' clears trial, says report

Sanofi added its "bold" decision to go without earlier-stage clinical COPD trials had shaved years off the development time

Dollar falls for sixth day, BoE, SNB, Norges Bank raise interest rates

Futures imply around a 50% chance of one more quarter-point hike, in contrast to Europe where markets see around 50 bps of further tightening

TikTok CEO Shou Zi Chew rebuts Chinese spy charge at Congress grilling

TikTok has said it has spent more than $1.5 billion on what it calls rigorous data security efforts under the name "Project Texas"

US pick for World Bank, Ajay Banga to meet PM Modi, Sitharaman in India

These discussions will focus on India's development priorities, the World Bank, and global economic development challenges, the Treasury said in a statement

Jio's new 5G plans may impact Bharti Airtel's key metrics: JP Morgan

The launch of cheaper postpaid plans with unlimited 5G by Reliance's Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric

Global central banks stick to rate hikes with eye on market turmoil

Overall, 10 developed economies have raised rates by a combined 3,290 basis points (bp) in this cycle to date

Investments in Adani entities comply with Indian laws: TotalEnergies

That represented a significant capital gain from the end of 2022, when such investments stood at $3.1 billion, TotalEnergies said in a statement

Bank of England raises interest rates again, sees inflation shock fading

BoE announces quarter-point rate hike to 4.25%; MPC says it expects inflation to fall faster

India's Feb crude oil imports jump 8% as demand hits over 2 decade high

India's imports of crude oil in February rose about 8% from a year earlier, government data showed on Wednesday, as fuel demand hit over 2-decade highs in the world's third-biggest oil importer

EU to propose clampdown on firms using fake 'green' claims on products

The European Union is set to propose on Wednesday new requirements on companies seeking to promote goods sold in Europe with labels like "natural", "climate neutral" or having "recycled content"

UBS buys back $3-billion bonds in bid to boost investor confidence

UBS is buying the bonds at the price at which they were sold rather than at market prices, which compensates investors after the sell-off earlier this week

Law firms plan fee hikes to retain talent amid 'foreign entry'

Worried about star performers being poached

India has adequate fertiliser stocks for summer-sown crops: Minister

"There will be no shortages of fertilisers in the kharif season. We have adequate stocks, and our companies have made arrangements in advance," Mansukh Mandaviya said

Govt proposes to sell up to 3.5% stake in Hindustan Aeronautics

The floor price for the HAL stake sale is set at 2,450 rupees apiece, at a discount of 6.7% to Wednesday's close

Central banks in spotlight as US authorities focus on financial stability

SVB's collapse kicked off a tumultuous 10 days for banks which led to the 3 billion Swiss franc ($3.2 billion) Swiss regulator-engineered takeover of Credit Suisse by rival UBS

Adani Airports to bid for more airports to become leading operator: CEO

In the last round of airport privatisation by the government, Adani Airports won bids to operate six airports

Mahindra to raise up to $1.3 billion for its electric vehicle unit: Report

Indian automaker Mahindra and Mahindra Ltd is in advanced talks with global investors to raise between $1 billion and 1.3 billion to accelerate the expansion of electric vehicle unit, Mint reported

US lenders face scrutiny as Federal Reserve's rate decision looms

The Fed's relentless rate hikes to rein in inflation have been partly blamed for sparking the biggest meltdown in the banking sector since the 2008 financial crisis

India dampens hopes for more air access in drive to be aviation force

We are going to see an explosion of air traffic in India in the years to come, he said, adding he wanted domestic carriers to look at international expansion with greater focus