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Global economy faces tougher year in 2023: IMF's Kristalina Georgieva

"Why? Because the three big economies - the US, EU and China - are all slowing down simultaneously," she said

Zelenskyy, Putin promise victory in contradictory New Year speeches

Zelenskyy, recalling some of the most dramatic moments and victories of the war, filled his emotional 17-minute video message with footage of Russia's attacks on the country

Global economy faces tougher year in 2023, IMF chief Georgieva warns

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the US, Europe and China - all experience weakening activity, the head of the IMF said

Unemployment rate rises to 16-month high of 8.30% in Dec 2022: CMIE

The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%, the data showed

Oil ends year of wild price swings with second straight annual gain

Prices surged in March as Russia's invasion of Ukraine upended global crude flows, with international benchmark Brent reaching $139.13 a barrel, highest since 2008

Russia hits Ukraine energy infra with 16 Iran-made drones, says officials

The Ukrainian military said all the drones had been destroyed. Seven had targeted Kyiv, where an administrative building was damaged

Wall Street indices fall, treasury yields rise upon final 2022 trading day

The dollar, a beneficiary of rising US interest rates, was down slightly on Friday but on track for a 2022 gain of 8%, its biggest annual percentage increase since 2015

Rupee ends final week of 2022 higher as market mood improves

The rupee finished the year at 82.72 to the US currency, down from 74.33 at the end of 2021, while the dollar index was headed for its biggest yearly gain since 2015

Govt allows import of lentils, vegetable oil at lower duty until March 2024

India imports more than two-thirds of its edible oil needs and has been struggling to contain a rally in local oil prices over the last few months

To bring iPad manufacturing to India, govt may allow Chinese JVs: Report

Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world's second largest economy grapples with a surge in COVID-19 infections

Oil prices set to end turbulent 2022 with second straight annual gain

Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the highest since 2008, after Russia's invasion of Ukraine sparked supply concerns

Global stocks ends gloomy year amid soaring inflation while dollar triumphs

The dollar, a beneficiary of rising U.S. interest rates, was on track for its best annual performance in seven years.

Covid travel curbs against Chinese visitors 'discriminatory': Report

Some places have been taken aback by the scale of outbreak and expressed scepticism, with the US, S Korea, India, Italy, Japan and Taiwan imposing Covid tests for travellers from China

China drafts rules for overseeing trust firms to curb shadow banking

The once-freewheeling trust industry, at the heart of a vast shadow banking sector, for years helped channel funds into companies that struggle to obtain bank credit via opaque structures

Rupee likely to leave its worst behind; inflows crucial in 2023: Analysts

India's current account deficit widened to a more than nine-year high in the July-September quarter on the back of high commodity prices, which pushed up the trade deficit, data from RBI showed

Oil set to close higher in 2022, a turbulent year marked by tight supplies

Brent crude futures climbed 44 cents, or 0.5%, to $83.90 a barrel by 0138 GMT after settling 1.2% down in the previous session

India's 5G smartphone shipments to cross 4G shipments in 2023: Report

5G data speed in India is expected to be about 10 times faster than that of 4G, with the network seen as vital for emerging technologies like self-driving cars and artificial intelligence

Indian banks to continue raising funds via debt market in Jan-Mar: Analysts

Indian state-run and private banks raised an aggregate of 611.94 billion rupees ($7.39 billion) in October-December, more than double the 301.34 billion rupees raised in July-September

Exxon sues European Union in bid to block new windfall tax on oil groups

Argues that Brussels exceeded its legal authority by imposing the levy

Indian Rupee inches up as Asian currencies notch marginal gains on Thursday

The Indian rupee eked out slim gains on Thursday in its penultimate trading session of 2022, as Asian markets rebounded to move higher and the dollar flatlined