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Super typhoon Nanmadol bears down on Japan's Kyushu island

The 14th typhoon of the season, which has weakened as it approaches Kyushu, is bringing record rainfall, the JMA said, warning of the risk of overflowing rivers.

India economic growth to be sustained by consumer spending rebound: Govt

It said an increase in private consumption and higher capacity utilisation rates had helped private-sector capital expenditure reach one of its highest levels in the last decade

Oil prices rise after Basra terminal spill, but set for weekly decline

Brent crude futures were up 70 cents, or 0.8%, at $91.54 a barrel by 1:43 p.m. EDT (1743 GMT)

Germany takes control of Russian-owned refinery amid energy crisis

We are making ourselves independent of Russia, and any decisions that are taken there, said Scholz

Russia economy may not reach pre-war levels until 2030, says report

By the end of 2023, GDP will be about 8% below where output was in 2021, according to the credit rating watchdog's forecast

Gold prices hit over two-year low as US Fed rate-hike fears mount

Spot gold fell 0.1% to $1,661.97 per ounce, as of 0724 GMT, after hitting its lowest since April 2020 at $1,658.30. Prices were down 3.2% for the week so far. U.S. gold futures fell 0.4% to $1,670.50.

European stocks set for weekly loss as global economic outlook worsens

In the UK, retail sales fell more than expected, in another sign that the economy is sliding into recession as the cost-of-living crisis squeezes households' disposable spending

Oil steadies but remains on track for weekly decline on rate hike fear

Brent crude futures were up 25 cents, or 0.3%, at $91.09 a barrel by 0921 GMT but were down 1.9% for the week.

India's high govt borrowing may be offset by lower debt issuance: ICICI Sec

Indian government's potential higher borrowing in the second half of this financial year could be offset by lower debt issuance by states, ICICI Securities Primary Dealership said.

What could India's inclusion into major global bond indices mean?

The possibility of India being included in global bond indexes this year has led to increased buying in a set of local securities

Kyrgyz-Tajik border conflict escalates with use of heavy weaponry

Kyrgyzstan and Tajikistan accused each other of using heavy weaponry such as tanks and mortars in an escalating border conflict that has killed at least three people and injured 27

India's current account deficit likely jumped to a near-decade high: Poll

India's current account deficit likely widened to its highest in nearly a decade in the April-June quarter, driven by soaring global commodity prices and the biggest capital outflows

Vladimir Putin praises Xi on Ukraine, slams US over Taiwan stand

China has refrained from condemning Russia's operation against Ukraine or calling it an "invasion" in line with the Kremlin, which casts the war as "a special military operation"

Brent crude falls 3% on demand concerns, strong USD as Fed decision looms

Crude has dropped substantially after a surge close to its all-time highs in March after Russia's Ukraine invasion added to supply concerns, pressured by the prospects of recession and weaker demand

Large companies' assets at growing risk of climate impact: S-P Global

After scoring an asset for physical risk exposure, S&P is then able to calculate the financial impact, allowing companies to adapt their exposure, it said

Bridgewater's Ray Dalio expects stocks to fall 20% if rates rise to 4.5%

Dalio's bearish view further ignites concerns about valuations in US stocks

World Bank sees rising risk of global recession in 2023 amid rate hikes

Synchronised interest rate hikes under way globally are likely to continue well into 2023, but might not be sufficient to bring inflation back down to levels seen before the pandemic, the bank said

Zoom says 'investigating issues' after thousands of users report problems

Over 40,000 users reported problems with the video-conferencing platform, according to outage tracking website Downdetector.com

Wall Street ticks lower as rate worries persist; Adobe slides on Figma deal

Railroad stocks gain as strike averted; retail sales up 0.3% in August vs est 0.0%; weekly jobless claims fall to 213,000; Adobe slides on Figma buyout deal

Barclays forecasts contraction in fourth quarter for major economies

Barclays forecast a slowdown in global growth to 2.2% in 2023 versus 2.8% this year, and warned that it expects advanced economies to contract in Q4 with zero growth next year