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Centre allows exports of 397,267 tonnes broken rice backed by LoC

India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before September 8, the government said

Oil prices shaky as worsening global demand outlook depress market

Oil prices struggled to find their footing in early Asian trade after a weakening global demand outlook depressed the market in the last session

Oil down on strong dollar, worries about recession and hawkish Fed talk

Oil futures fell for a third day on Wednesday, as a stronger dollar and worries about weaker demand and rising interest rates

UK economy shrank in August, now on brink of recession: Report

Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3% fall in GDP from July, and the report also showed how a jump in inflation was hitting consumers

India's green energy firms join hands to develop carbon-credit market

India's green energy companies, such as Adani Greens, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals

US dollar surges to new 24-year high versus yen; sterling rallies

The dollar climbed to a fresh 24-year peak versus the yen on Wednesday, holding above levels that prompted intervention by Japanese officials last month

OPEC slashes 2022, 2023 oil demand growth view as economy slows

OPEC cuts 2022 demand growth to 2.64 million bpd from 3.1 mn bpd, but still sees demand topping pre-pandemic level in 2023; OPEC September output rises 146,000 bpd, led by Saudi

European stocks struggle for direction, sterling recovers after BoE warning

European stocks held steady in early trading on Wednesday, while sterling recovered after hitting a 13-day low

Gold prices edge higher as investors brace for Fed minutes, inflation data

Gold prices edged higher on Wednesday helped by a slight pullback in the dollar, as investors look to minutes from the U.S. Federal Reserve's September policy meeting

Indian craft beer maker Bira 91 to buy Beer Cafe in all-stock deal

Started in 2015, Bira is one of India's most popular craft beer makers and is backed by Japan's Kirin Holdings and Belgium's Sofina

Dollar at 24-year top on yen after US yields jump; sterling choppy

The dollar scaled new 24-year heights on the yen on Wednesday, breaching levels that prompted intervention by Japanese officials last month, while investors in sterling were scratching their heads

RBI rate hikes to have limited impact on Indian banks' profits: Moody's

The Reserve Bank of India's slew of rate hikes this year to combat surging inflation will help lift banks' net interest margins, but the increase will be limited, Moody's Investors Service said

Not 'lying flat': China to persist with tough Covid policies amid new surge

China has been grappling with a COVID resurgence after the National Day "Golden Week" holiday this month and the emergence of new Omicron subvariants

Twitter Inc reviewing policies around permanent user bans: Report

Twitter has been exploring if there are other content moderation tools that could replace a ban, its harshest penalty for violating rules

Gold prices inch lower as Fed Reserve minutes, US inflation data loom

Gold prices inched lower as traders looked forward to US Federal Reserve minutes and key inflation data for clues on the pace of future interest rate hikes.

Oil prices decline as dollar gains, US inflation data in spotlight

Oil prices slipped for a third straight session on Wednesday as the dollar gained steam and investors braced for U.S. inflation data

Asian stocks wallow at two-year lows; dollar wallops pound and yen

Asian stocks wallowed at two-year lows, after a strengthening dollar, instability in the UK bond market, and upcoming US inflation data spelled a wild session on Wall Street

SpaceX to seek permit from DoT for Starlink services in India: Report

Earlier this year, the Indian government asked Starlink to refund all its pre-orders until it received licences to operate in the country

Gambia police link child deaths to cough syrup imported by US firm

The deaths of 69 children from acute kidney injury in Gambia is linked to four cough syrups made in India and imported into the West African country via a US-based pharma firm, the Gambian police said

Energy rate, availability among short-term challenges for India: Sitharaman

Energy prices and availability are among the biggest problems facing the Indian economy in the near future, Finance Minister Nirmala Sitharaman said