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Euro ticks up despite French govt collapse; bitcoin breaks $100,000

Bitcoin, world's best known cryptocurrency, has been on a tear since November on expectations that Donald Trump's US election win will usher in a friendly regulatory environment for cryptocurrencies

India sugar prices hit 18-month low, mills struggle to make cane payments

The fall in prices is prompting industry to demand immediate revision in minimum selling price (MSP) to limit losses, which will improve mills' margins and allow them to make timely cane payments

Oil prices slightly up ahead of decision on supply cut in Opec+ meet

Brent crude futures rose 39 cents, or 0.5 per cent, to $72.70 a barrel by 0944 GMT, while US crude futures were at $68.97 a barrel, up 43 cents, or 0.6 per cent

Russia's Rosneft invested $20 bn in India, says govt quoting Putin

Rosneft gained access to India's fuel retail market when it completed a $12.9 billion deal to acquire Indian private refiner Essar Oil in 2017

China to impose sanctions on US military firms for selling arms to Taiwan

The step follows China's strong objection to the United States authorising a potential $385-million sale of spare parts and support for F-16 jets and radars to Taiwan

Huawei working overtime to meet 'excessive' demand for Mate 70 smartphones

HarmonyOS NEXT is the Android-free version of Huawei's operating system that began testing this year

Norway's Equinor, Shell plan to form UK oil and gas joint venture

Joint venture will be based in Aberdeen, Scotland, and will be set up to sustain domestic oil and gas production and security of energy supply in Britain, Equinor said

Wealth of global billionaires surges by 17% due to US gain: Swiss Bank UBS

The UBS Billionaire Ambitions Report for 2024 said the total number of billionaires had risen to 2,682 from 2,544 a year earlier, and their worth to $14 trillion from $12 trillion

Britain approves $19 billion merger between Vodafone UK, Three mobile

Vodafone and Three have committed to spend $14 billion to build a better 5G network that will serve 50 million customers, including the subscribers of Vodafone's network partner Virgin Media O2

Rising costs squeeze intermediaries out of Russian oil trade with India

India has become the biggest buyer of Russia's seaborne crude after Moscow's invasion of Ukraine in 2022

Foreigners buy $1 bn in bonds, betting on policy easing after GDP data

The 10-year bond yield has fallen to three-year lows and the spread with the repo rate has declined to a 7-year low

Chinese automakers pivot to hybrids for Europe to counter EV tariffs

Some manufacturers are also shifting production and assembly to Europe to lower the cost around tariffs

Hyundai Motor India to hike prices across all models amid higher costs

The price increase will come into effect from Jan. 1, 2025, the country's No.2 carmaker by market share said

Rupee weakness will not deter RBI from cutting rates, says Nomura

Nomura noted that high prices were concentrated in a few items, including food, rather than being broad-based, and that inflation excluding vegetables and other volatile items was still subdued

Asean ministers to discuss Myanmar at Thailand meeting, says Indonesia

At the invitation of current Asean host Laos, the meeting will talk about ways to approach the crisis which has gripped Myanmar since a 2021 military coup

Any US tariffs on Brics nations could impact semiconductor supply: Malaysia

Trade minister Tengku Zafrul Aziz said Malaysia was closely monitoring developments after US President-elect Donald Trump said Brics members would face 100 per cent tariffs

Trump's Middle East envoy pushes for Gaza ceasefire before inauguration

Steve Witkoff's conversations appear aimed at building on nearly 14 months of unsuccessful diplomacy by the Biden administration, Qatar and Egypt aimed at a lasting ceasefire

India's Exicom expects EV charger business to bring 50% revenue by 2030-end

The company plans to double that by 2030, said CEO Anant Nahata, as India's electric vehicle sector expands at an annual rate of 30%-50%

Millions in Cuba remain in dark after blackout as national grid collapses

Cuba blames the crisis on US sanctions, which complicate financial transactions and the purchase of fuel

US drug body approves Merus' therapy for lung, pancreatic cancer patients

The therapy, branded as Bizengri, targets the NRG1 gene, which is associated with formation and progression of several tumors