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Musk, Twitter may reach deal to end court battle as early as Wed: Report

Musk, the world's richest person, proposed to Twitter he would change course and abide by his April agreement to buy the company for $54.20 per share if Twitter dropped its litigation against him

Oil rises to 3-week high as OPEC+ agrees to deep cuts, US stockpiles fall

Prices also rose on US government data that showed crude and fuel inventories fell last week

US stocks fall after two-day winning spree; Dow Jones, Nasdaq slip over 1%

The yield on benchmark 10-year Treasuries, had surged to 3.7408 per cent

Apple asks suppliers to shift some AirPods' production to India: Report

Apple Inc is asking its suppliers to move some AirPods and Beats headphone production to India for the first time in what could be an another win for New Delhi in its push for local manufacturing

Wall Street slides as rising Treasury yields snuff out stock rally

Twitter eases from one-year high, Tesla falls 5%; Rate-sensitive technology and related stocks like Nvidia Corp, Amazon.com, Apple Inc and Alphabet Inc fell between 1.8% and 4%

Nobel Prize 2022 goes to pioneers of Lego-like 'click chemistry'

Danish winner Medal described click chemistry as a way to build complex structures and link them as if they were pieces of Lego, the plastic construction toy

US Dollar rebounds as investors heed hawkish reminder from New Zealand

The dollar index was last up 0.54% to 110.77, after tumbling 1.3% on Tuesday

OPEC+ heads for clash with US, deep supply cuts to boost sagging prices

The potential OPEC+ cut could spur a recovery in oil prices that have dropped to about $90 from $120 three months ago due to fears of a global economic recession, rising US rates and a stronger USD

Oil maintains most of recent gains asf OPEC+ heads for deep supply cuts

Oil has risen so far this week in anticipation of the largest output cut by OPEC+ since the depths of the COVID-19 pandemic in 2020, said Fiona Cincotta, senior financial markets analyst at City Index

Oil prices inch lower ahead of a meeting of OPEC+ producers on supply cut

Oil prices moderated very slightly on Wednesday after gaining more than 3% in the previous session ahead of a meeting of OPEC+ producers to discuss a big cut in crude output

Gold retreats as dollar index perks up ahead of US jobs data report

The dollar index edged 0.2% higher, after the unit shed 1.3% overnight to mark its biggest drop since March 2020

Dollar steadies as investors heed hawkish reminder from New Zealand

The dollar steadied on Wednesday after a sharp rate rise in New Zealand poured cold water over hopes for a pause or slowdown in the US Federal Reserve's intentions for aggressive hikes

From stubs to soft toys, this Indian factory reprocesses cigarette ends

The material is composed of cigarette stubs, separated into fibres and cleaned and bleached after being gathered from the city streets where they had been discarded along with millions of others

Indian oil refiners scout for term deals ahead of EU's ban on Russian crude

Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia, including from the EU

Banks divert gold supply from India to China, Turkey ahead of festivals

Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered

Musk proposes to buy Twitter for original price of $54.20 a share: Report

Twitter shares jumped 12.7% to $47.93 before trading was halted for the second time, while Tesla shares rose by about 1%

India govt bonds not added to key index, remain on watch: JPMorgan

Some investors had hoped the Wall Street bank would move towards including Indian bonds this year, following Russia's exit from the widely-followed benchmark

Credit Suisse's scandals, challenges: Spies, lies, and money laundering

Already wobbling under pressure from a declining stock price, the bank in October saw its credit default swaps surge to the highest level in two decades

Ray Dalio gives up Bridgewater's control as part of succession plan

Dalio has tranferred his majority stake to the board but remains a 'meaningful' owner of the $150-billion hedge fund, the company said

Banks divert gold supply from India to China, Turkey, says report

Leading gold suppliers to India - which include ICBC Standard Bank, JPMorgan and Standard Chartered - usually import more gold ahead of festivals and store it in vaults.