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Oil prices dip amid recession fears, weak demand but supply cuts support

Brent crude futures were down $1.49, or 1.6%, at $93.08 a barrel at 1330 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.64, or 1.8%, to $87.47.

Dollar edges higher despite inflation, pushes yen to new 32-year low

Sterling slipped after a sharp rally on Thursday, as reports said British Prime Minister Liz Truss was preparing to sack her finance minister and carry out a major U-turn on the government's tax plans

Forex reserves rise to $532.87 bn for the first time in over two months

The country's reserves rose by $204 million from the previous week, the first increase since the week ended July 29

India pushes oil refiners to diversify imports after surprise OPEC+ cuts

As the world's third largest consumer and importer of oil, India buys about 85% of its needs from overseas, while its energy demands are set to rise to power its economic expansion

JPMorgan profit down 17% as sluggish dealmaking, loan loss reserves weigh

JPMorgan's profit for the quarter ended Sept. 30 came in at $9.74 billion, or $3.12 per share, compared with $11.69 billion, or $3.74 per share, a year earlier

India-UK free trade agreement to miss Diwali deadline, says report

Previous sticking points have included a steep import duty on British whiskey for sale in India and India's demand for more visas for Indian students and businesses.

Gold set for weekly fall on account of firm dollar, Fed rate hike fears

Spot gold was down 0.5% to $1,658.10 per ounce by 0920 GMT. Prices have fallen more than 2% so far this week.

Adani Enterprises says not evaluating plans to buy Jaiprakash cement unit

Indian billionaire Gautam Adani-led Adani Enterprises Ltd on Friday said it was not evaluating a proposal to acquire Jaiprakash Associates Ltd's cement business.

Gold heads for weekly decline as fears of hefty US interest rate hikes loom

Growing anticipation of another oversized US Federal Reserve interest rate hike kept the bullion on track for a weekly decline

Pernod Ricard India CEO Thibault Cuny steps down due to health reasons

Pernod Ricard's India head, Thibault Cuny, has stepped down from his role due to health reasons, the French spirits giant said on Friday, marking a high-profile exit at a time the company is fighting

India festival spending booms despite inflation worries, global slowdown

Online and offline sales during the Hindu festival period starting in the last week of September and lasting until early November are estimated to cross $27 billion

Shanghai quietly shuts schools, gyms and bars as Covid-19 returns

The financial hub reported 47 new infections for Wednesday, the most since July 13 when a brief rise in cases revived fears of another general lockdown.

Volatile sterling surges on reports of potential UK fiscal plan U-turn

Sterling surged 1.5% to a one-week high against the dollar at $1.1267 by 1205 GMT after Sky News reported the UK government was looking at which parts of its tax-cutting package might be ditched

Core US inflation rises to 40-year high in Sept, securing big Fed hike

In the 12 months through September, the CPI increased 8.2% after rising 8.3% in August.

Wall Street turns around to trade higher, led by cyclical stocks

Cyclical stocks lead gains, financials jump; headline CPI for September rise more than expected; megacap growth stocks tumble on rapid rate-hike fears

Oil rise nearly a dollar on back of low diesel stocks ahead of winter

Brent crude futures for December delivery rose $1.22 to $93.67 a barrel, a 1.3% gain, by 11:29 a.m EST (1529 GMT), after retreating earlier in the day

Oil prices slip as IEA warns of global recession, dented fuel demand

Brent crude futures fell 23 cents, or 0.3%, to $92.22 a barrel by 1349 GMT. U.S. West Texas Intermediate crude was down 52 cents, or 0.6%, at $86.75 a barrel

Dollar hits fresh 24-year high vs yen after strong US inflation data

Data showed U.S consumer prices increased more than expected in September and underlying inflation pressures continued to escalate

Gold prices slide over 1% as US inflation data fuels rate-hike fears

Spot gold dropped 1.5% to $1,647.80 per ounce by 1319 GMT. U.S. gold futures lost 1.4% to $1,6544.50.

IKEA lets around 10,000 staff go in Russia as it exits the country: Report

IKEA, the world's biggest furniture brand, shut down its Russian stores in March and said it would sell factories, close offices and reduce its 15,000-strong workforce in Russia