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NIIF gets $2 bn commitment from global, local investors for infra projects

The National Investment and Infrastructure Fund has raised more than half of its $3.2 billion target from global and domestic investors, including AustralianSuper and Temasek

RBI steps in again to support rupee as oil prices, Fed rate hike bets rise

The rupee recovered after briefly falling to 95.60 as RBI intervention offset pressure from higher oil prices and growing expectations of a US interest-rate hike

China's factory activity improves in August but remains in contraction

China's manufacturing PMI rose to 49.8 in August from 49.2 in July, beating forecasts but remaining below 50 as weak domestic demand weighs on the economy

Nepal asked China for data on glacier risks months before deadly floods

Nepal and China discussed monitoring floods and glacier hazards in May, but Nepali officials said limited data sharing left them without enough information to anticipate major disasters

Asian shares slide as US-Iran fighting lifts oil; rate hike bets rise

Asian stocks fell as renewed US-Iran fighting pushed Brent crude above $90 a barrel, while hawkish Fed signals lifted bets on a September rate hike

Oil prices jump more than 2% after US attack on Iran's Larak island

Brent crude futures climbed $2.51, or 2.85 per cent, to $90.61 a barrel as of 0241 GMT ‌while US West Texas Intermediate crude was at $85.53, up $2.13, or 2.55 per cent

Dollar holds near two-week high as bets rise on September Fed rate hike

The dollar held firm near a two-week high after Kevin Warsh's hawkish remarks lifted expectations of a September rate hike, while the yen slipped below 160 per dollar

Ukraine defence minister pledges 'clear' plan to get early loan release

Ukraine's new defence minister plans to seek an early release of EU loan funds as Kyiv faces a $27 billion military budget deficit amid its war with Russia

Battle to build $116 billion global defence bank faces major hurdles

Canada-backed DSRB aims to raise $116 billion to finance defence projects, but limited commitments from major economies threaten its funding and credit-rating ambitions

US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war

The unresolved conflict has kept the Strait of Hormuz closed, sapping growth from nearly all G20 economies

HDFC Bank likely to name deputy MD Kaizad Bharucha, outsider for CEO

The CEO search comes after about six months of upheaval at HDFC Bank where leadership issues have weighed on its shares

US govt to take 35% stake in Venezuelan mogul Betancourt's oil venture

The US also plans to secure preferential rights to purchase 20% ‌of the company's production ​at cost

OpenAI to end deal with SpaceX-owned Cursor, deepening Musk-Altman clash

We are making ‌this choice because we cannot be confident that ​SpaceX will use technology within ​our terms of service, based on our experience with Musk's companies violating contracts, OpenAI said

Chipmaker CXMT sues Pentagon over 'Chinese military company' designation

CXMT's lawsuit seeks to overturn the designation and remove itself from a Pentagon list that can trigger government contracting restrictions and reputational damage

Nepal needs help in technical areas, not search and rescue: Foreign min

Shisir Khanal said Kathmandu needs foreign help in areas such as rescuing people ​stuck in tunnels, opening transport and communication services

Donald Trump signs order to create US Space Academy amid space race push

Trump said the academy would help train the service members, engineers and civilian operators needed as ​the US Space Force and commercial space industry ​grow and Washington expands its ambitions

Packaged food, drink market faces stricter front-of-pack labelling

The regulator has proposed a ‌red-coloured hexagonal shape for food products ​which are high in ​any two or more nutrients - fat, sugar or salt - it ​said reportedly in a Supreme Court filing

US judge won't immediately block Trump's new birthright citizenship order

US District Judge rejected immigrant rights advocates' request to temporarily halt Trump's latest order limiting eligibility for birthright citizenship.

Obituary: Norway's reform-minded head of state, King Harald V, dies at 89

Harald, who was Europe's oldest living monarch, was taken to hospital on August 17. The palace said he was being treated for a bacterial infection in his blood.

Alphabet's Google changes spam policy in EU to avert antitrust fine

The US tech giant found itself in EU regulators' crosshairs after publishers complained about its site reputation abuse ‌policy.