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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

India set to post BoP deficit for 2nd straight yr: Standard Chartered Bank

The foreign bank expects current account balance to slip into a deficit of 3% of gross domestic product this financial year from a surplus of 0.9% last year

Oil prices rise $1 on China's reopening optimism, US' fuel inventories

Brent crude futures were 94 cents, or 1.2%, higher at $79.63 a barrel at 0345 GMT, after settling 85 cents stronger at $78.69 on Thursday

Oil prices rise after US fuel stocks draw down; economic concerns loom

Still, crude inventories rose more than expected at 1.7 million barrels, compared with analysts' expectations for a 1.2 million-barrel rise

Ukraine's economy fell 30.4% in 2022, largest annual drop in 30 years

Preliminary economy ministry data on Thursday showed a 30.4 per cent drop in gross domestic product last year and economic analysts said risks and uncertainty remain high

Killed 800 Russian soldiers in a day, claims Kyiv; France promises tanks

Ukraine's military said Russian forces were focused on an offensive in the Bakhmut sector and its attacks in the Avdiivka and Kupiansk sectors were unsuccessful

US moves to ban non-compete agreements in labour contracts: Reports

The proposal seeks comment on a potential rule, which is months away, if not longer, from taking effect

Dollar jumps on strong US employment data; yen rebounds dramatically

The dollar was last up 0.65% against the euro at $1.0536, and up 0.91% against the Japanese yen at 133.81

Google set to challenge Android antitrust ruling at Supreme Court

The Competition Commission of India (CCI) in October fined the Alphabet Inc unit $161 million for exploiting its dominant position in the market for Android which powers 97% of smartphones in India

Europe stumbles as firm Fed not cutting interest rates amid China rally

Markets are clearly being tugged in different directions though

Sebi allows govt stake in IDBI Bank to be reclassified as public post sale

The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter of the lender

Gold slips from near 7-month peak as caution sets in before US jobs data

Market focus now turns to the ADP National Employment Report due at 1315 GMT, followed by the U.S. Labor Department's nonfarm payrolls (NFP) data on Friday

India's FY24 growth to dip to 5.5% from 6.8% in FY23, says HSBC economist

India's economy is expected to grow 5.5% in the next financial year, a notch below the expected potential rate of 6%, as growth momentum in the country was slowing gradually, an economist at HSBC said

Dollar roughly flat in choppy trading after Fed minutes offer few surprises

The dollar surged in 2022 as the Fed hiked interest rates aggressively, luring investors towards higher-yielding US assets

Oil rebounds after biggest two-day loss in decades at start of the year

Brent crude was up $1.22, or 1.6%, to $79.06 a barrel at 0922 GMT, while U.S. West Texas Intermediate crude futures gained $1.02, or 1.4%, to $73.86

Paid most of $1 bn tax for PhonePe shifting base to India, confirms Walmart

The company said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both the companies

Godrej Consumer Products sees Q3 sales rise on personal, home care demand

The company expects sales on a constant currency basis to increase in the mid-teens percentage range for the third quarter, with overall profit seeing "meaningful improvement," as gross margins expand

Oil prices rebound as dollar weakens; economy concerns cap upside

Big declines in the previous 2 days were driven by worries about a potential global recession, especially since short-term economic signs in world's 2 biggest oil consumers, US and China seemed shaky

China's services activity shrinks in Dec as surging Covid cases hit demand

The Caixin/S&P Global services PMI rose to 48.0 in December from 46.7 in November, but remained below the 50-point mark, which indicates contraction in activity, for a fourth straight month

Biden raises concern over China's Covid management after WHO questions data

Chinese health officials have said only deaths caused by pneumonia and respiratory failure in patients who had the virus are classified as Covid deaths