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Asia-Pacific shares rise on US rate bets, China's borders reopening

Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy

The US Dollar tentative as investors assess rate-hike path, says data

The U.S. dollar was steady on Monday as investors digested a clutch of economic data released last week that stoked hopes of the Federal Reserve slowing the pace of its interest rate hikes

Seattle public schools blame tech giants for social media harm in lawsuit

Seattle's public school district filed a lawsuit against Big Tech claiming that companies were responsible for a worsening mental health crisis among students

China reopens borders for travellers in final farewell to zero-Covid

Long queues formed at the Hong Kong international airport's check-in counters for flights to mainland cities including Beijing, Tianjin, and Xiamen

Mercedes expects double-digit growth in India this year despite weak rupee

Mercedes plans to launch 10 new cars in India in 2023, most costing more than 10 million rupees ($120,000)

As deadline ends, Centre gets multiple bids for majority stake in IDBI bank

The government, which owns 45.48% of IDBI Bank, is looking to divest a 30.48% stake in the lender

World stocks soar, investors pare rate bets after US jobs data

Wall Street sparked a global rally in stocks on Friday after a crucial US jobs report showed wage growth slowed in December, fueling investor bets that inflation is easing

Signs of fighting in Ukraine after Russia says unilateral truce in force

Kyiv has said it has no intention to stop fighting, rejecting the purported truce as a stunt by Moscow

Indian economy in a relative 'bright spot', must leverage exports: IMF

India's headline inflation moderated to an 11-month low 5.88% in November from 6.77% the month before

Renault considers building a mass-market electric vehicle in India

Renault is studying launching a made-in-India electric version of its Kwid hatchback, the people told Reuters

Dollar dips after US jobs report, wage growth below expectations

The euro was little changed on the day at $1.0521, and the dollar was up 0.25% against the Japanese yen at 133.70

Global stocks turn higher, treasury yields fall after mixed US jobs report

The MSCI World equity index rose by 0.3%, putting it on the cusp of its first weekly gain in more than a month

Banks reluctant to fund loss-making Vodafone Idea before capital hike

"Without that (capital injection) it looks difficult for the company to ...survive," said one top official at a state-owned bank

Govt seeks discount in rare one-year urea import tender: Industry sources

The tender seeking discounts on supplies in a year from March 1 will close on Jan. 23, with offers remaining valid until Feb. 5, the document shows

Uzbekistan arrests four people over cough syrup deaths in India

Two of the detained were senior employees of the Scientific Center for Standardization of Medicines, who circumvented the proper testing procedures for the Doc-1 Max cough syrup

Oil edges higher on hopes of Chinese demand boost; crude futures up 0.71%

China, the economy of which has been hit by another Covid wave, also announced more state support measures on Thursday

Dollar holds near an almost one-month high on resilient US jobs market

The index was on track for a weekly gain of more than 1.8%, its largest since September

Indian shares drop 1% on earnings as US data indicates rise in Fed rate

US data showed private employers hired more workers than expected in December, suggesting strength in the labour market that could allow the Fed to boost interest rates

India's April-December finished steel exports decline 54% YoY: Data

India's exports of finished steel more than halved during the first nine months of the fiscal year that began in April 2022, according to the latest government data

India in relative 'bright spot', must leverage exports, says IMF official

India's headline inflation moderated to an 11-month low 5.88% in November from 6.77% the month before