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Blackstone to sell $400 mn stake in REIT Embassy, ADIA eyes investment

Abu Dhabi's sovereign wealth fund, one of the world's largest, is likely to pick up at least half of the stake that Blackstone is to sell, one of the sources said

Gold prices hit two-year low on dollar strength, Fed rate concerns

Spot gold was down 1.7% at $1,642.79 per ounce by 1058 GMT and was heading for its second straight weekly decline, down 1.8%. U.S. gold futures GCv1 fell 0.5% to $1,672.10.

Euro zone likely entering recession as price rises hit demand: Survey

Overall demand in the euro zone fell to its lowest since November 2020, when the continent was suffering a second wave of Covid-19 infections

Britain sends investors fleeing with historic tax cuts and borrowing

Pound slides below $1.11 for first time in 37 years

Euro, sterling plunge on dour business activity data, UK mini-budget

Sterling was set for its biggest weekly decline against the U.S. dollar in two years after it touched a fresh 37-year low of $1.1022. The pound was last down 1.9% at $1.1049.

India's forex reserves fall by $5.22 bn to near two-year low: RBI data

India's foreign exchange reserves fell for a seventh straight week, dropping to $545.652 bn in the week to Sept 16, its lowest level since Oct. 2, 2020

Indian Oil plans Panipat refinery maintenance, to revamp naphtha cracker

The cracker annually consumes about 2.3 million tonnes of naphtha and produces 857,000 tonnes of ethylene

Armenia accuses Azerbaijan's armed forces of violating ceasefire agreement

Armenia's defence ministry on Friday accused Azerbaijan's armed forces of opening fire on Armenian positions, in violation of a ceasefire agreement, the ministry said in a post on social media

India OIS curve may steepen on overcooked rate hike bets: BofA Securities

BofA expects the Reserve Bank of India to raise rates by 25-35 basis on Sept. 30 and reckons the policy rate will reach 6.5% by end-2023, much later than what some investors are expecting

Instagram resolves issues that caused brief outage, disruption on platform

Several users took to Twitter to share updates and memes about the service disruption

India's Russian thermal coal imports set to fall for first time in 4 months

Indian consultancy Coalmint expects September thermal coal imports from Russia to decline 30% from August to 1.4 million tonnes

Yen soars after Japan intervenes in forex market for first time since 1998

The Japanese yen soared across the board on Thursday after monetary authorities intervened in the foreign exchange market to boost the battered currency

M&M in talks to raise up to $500 mn for EV push, says report

Mahindra is in early talks with global green funds and private equity firms, says a source with direct knowledge of the matter

Russia defends war in Ukraine as US, others call for accountability at UN

Russian Foreign Minister Sergei Lavrov accused Ukraine of creating threats against Russian security and 'brazenly trampling' the rights of Russians and Russian-speakers in Ukraine

India set to skip buying Russia's ESPO crude in Sept as freight costs jump

India, which rarely used to buy Russian oil, has emerged as Moscow's second biggest oil customer after China since Moscow's invasion of Ukraine in late February

Tech, financial stocks drag Wall Street lower as growth concerns mount

Nine of the 11 major S&P sectors declined, led by a drop of 2% in consumer discretionary and 1.5% in financial stocks; Eli Lilly up on FDA approval for cancer drug

Russian call-up sparks exodus by some men as air fares soar

President Vladimir Putin on Wednesday ordered Russia's first mobilisation since World War Two and backed a plan to annex swathes of Ukraine

Accenture warns of forex hit in 2023 amid strong IT services' demand

US firms with large overseas operations such as Microsoft and Salesforce have in recent months flagged the toll from the strongest greenback in two decades

RBI orders M&M Financial to stop loan recovery via third party

The shadow lending arm of the Mahindra Group can continue recovery or repossession activities through its own employees, the RBI said in a statement

Central banks raise rates again as Fed drives global inflation fight

Rates raised from Britain to Indonesia after Fed's Wednesday move; investors price in bigger hikes from ECB; Japan steps in as yen plummets; emerging market currencies under pressure