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Asia's factory activity contracts despite China easing Covid curbs

China's factory activity shrank more slowly in January after Beijing lifted tough Covid curbs late last year, a private sector survey showed

Oil prices rise as US recession fears over rate hikes ease, dollar weakens

Tamer rate hike expectations helped lower the dollar index, which supported oil prices as a weaker greenback makes the commodity cheaper for buyers holding other currencies

Australian regulator reviewing short-seller report on India's Adani group

Hindenburg Research last week flagged concerns about the conglomerate, that included its high debt levels, triggering a $65 billion rout in the group's stocks

Budget likely to push spending to support growth, while lowering deficit

Although the government faces elections in key states this year and a national vote in 2024, the budget is unlikely to offer major relief to households due to fiscal constraints

US-India partnership targets arms, semiconductors, AI to compete with China

New Delhi has frustrated Washington by participating in military exercises with Russia and increasing purchases of the country's crude oil, a key source of funding for Russia's war in Ukraine

Oil nears 3-week low then steadies on higher US demand, weaker dollar

Although the front-month Brent futures contract was down 37 cents to $84.53 a barrel in low volumes, the more actively traded April Brent futures rose by 89 cents, or 1.1%, to $85.39 by 12:47 p.m. EST

Samsung to continue with chip investment, undeterred by 8-year-low profit

The share prices of Samsung and compatriot SK Hynix Inc fell 3 per cent and 2.2 per cent respectively on Tuesday

Euro zone economy unexpectedly grows in Q4 but weak 2023 looms

France registers unexpected GDP expansion while Italy shrinks

US won't provide F-16s to Ukraine, says US President Joe Biden

Biden's comment came shortly after Ukrainian President Volodymyr Zelenskiy said Russia had begun exacting its revenge for Ukraine's resistance to its invasion with relentless attacks in the east

Last year, central banks bought most gold since 1967: WGC

Buying dipped during the coronavirus pandemic but accelerated in the second half of 2022, with central banks purchasing 862 tonnes between Jul and Dec

India's April-Dec fiscal deficit touches 60% of full-year target: Govt data

Net tax receipts rose to Rs 15.56 trillion while total expenditure was Rs 28.18 trillion, the data showed

BMW evaluates more battery electric vehicles for India amid growing demand

BMW, along with rival Mercedes, is looking to capitalize on this demand at a time when Tesla has decided to stay out because of high import taxes on EVs

Gold set for third monthly rise on softer dollar, US Fed slowdown bets

Markets are pricing in a 25-basis-points hike (bps) by the Fed, after slowing its pace to 50 bps in December, following four straight 75-bp hikes

P&G Hygiene and Health Care Q2 profit dips 2% to Rs 207 cr as costs surge

The company declared an interim dividend of 80 rupees per equity share

Shriram Finance Q3 profit more than doubles on higher interest income

The combined entity's profit surged to Rs 1,777 crore ($217.1 million) in the quarter ended Dec 31

Coal India Q3 results: Profit up 70% to Rs 7,756 cr on higher power demand

The Indian coal ministry expects Coal India to surpass its production target of 700 mln tonnes fixed for the current fiscal

Will keep investing in Israel: Gautam Adani after Haifa port takeover

Adani did not speak about his group's recent share sale or a scathing short-seller's report that has pummelled the Indian billionaire's stocks

Reserve Bank partially relaxes restrictions on SBM Bank up to March 15

Last week, the central bank had asked SBM to stop all transactions under the liberalised remittance scheme (LRS) until further notice

Jindal Steel Q3 results: Net profit drops 68% as export tax bites

The contribution of Jindal Steel's exports to its sales on a standalone basis fell to 5% in the quarter from 23% a year ago

Oil prices falls on US Fed interest rate hike worries, Russian export flows

Higher rates could slow the global economy and weaken oil demand