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'RBI keen to further build up record high forex reserves to create buffer'

The Reserve Bank of India's (RBI) FX reserves rose to a record high of $642.49 billion as of March 15

China's President Xi Jinping meets US executives, academics in Beijing

The audience with Xi follows Chinese Premier Li Qiang not meeting visiting foreign CEOs at the China Development Forum in Beijing on March 24-25

Baltimore bridge collapse: US safety investigators recover black box

The disaster forced the indefinite closure of the Port of Baltimore, one of the busiest on the U.S. Eastern Seaboard, and created a traffic quagmire for Baltimore and the surrounding region

S&P Global downgrades outlooks on 5 US banks to 'negative' on CRE exposures

The ratings agency downgraded the outlook for First Commonwealth Financial, M&T Bank, Synovus Financial, Trustmark and Valley National

Oil prices fell for second day on Wednesday on surging U.S. stockpiles

OPEC+ this month agreed to extend output cuts of about 2.2 million barrels per day (bpd) to the end of June, though Russia and Iraq have had to go to extra lengths to tackle over-production

RBI eases recently tightened regulations for banks' investments in AIFs

This was to ensure the rules were uniformly implemented among lenders and to address stakeholders' concerns, the Reserve Bank of India (RBI) said in a release

US banks to see modest hit from deal to lower swipe fee by Visa, Mastercard

The antitrust settlement announced on Tuesday is one of the largest in U.S. history. If approved by court, it would resolve most claims in a nationwide litigation that began nearly two decades ago

India's March gold imports likely to plunge more than 90% as prices surge

Lower imports by India, the world's second biggest consumer of the precious metal, could limit a rally in global prices that hit a record high earlier this month

Moderna secures $750 mn from Blackstone Life Sciences to develop flu shots

Blackstone Life Sciences will get commercial milestone payments and low-single digit royalties as part of the agreement, the COVID-19 vaccine maker said

RBI likely sold US dollars after rupee slips to fresh record low: Traders

The rupee fell to a record low of 83.45 in the closing minutes of the session. It was at 83.37 against the dollar as of 03:28 p.m. IST, down by 0.1% compared with its close of 83.28 on Tuesday

Nissan will invest in Renault EV unit even though IPO scrapped: CEO

"Therefore, regardless of the IPO whatsoever, we are looking at Ampere. We are already discussing about Ampere, our investment."

SBI, Bajaj Auto among 25 stocks eligible for same-day settlement, says BSE

The new T+0 settlement cycle reduces transactional risks and enhances market efficiency by providing immediate liquidity to investors, said analysts at ICICI Direct

Baltimore bridge collapse: Divers to search harbour for those presumed dead

The disaster also forced the indefinite closure of the Port of Baltimore, one of the busiest on the US Eastern Seaboard, and created a traffic quagmire for Baltimore and the surrounding regio

China to promote currency swaps, reinforce cooperation with Asian economies

Bilateral currency swaps can facilitate trade and investment and are a useful addition to the global financial safety net, Governor Pan Gongsheng told the annual gathering of the Boao Forum for Asia

Chinese TikTok sellers complain of strict rules on selling in US mkt

TikTok, used by about 170 mn Americans, has been seeking to strike the right balance between pursuing rapid growth and managing regulatory risks

Indiabulls Housing Finance accepts bids for dollar bonds, say bankers

Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD Capital, Nuvama and UBS are the joint book runners for the issue

China's industrial profits rise 10% showing signs of stabilising economy

Profits at China's industrial firms jumped 10.2 per cent in the first two months from the same period last year, following a 2.3 per cent profit decline for the whole of 2023

South Korea's Hyundai Motor Group to invest $51 bn won over 3 years

Hyundai Motor Group includes flagship Hyundai Motor and its affiliate Kia, which together are the world's number three automaker by sales

S&P Global downgrades outlooks on 5 regional US banks to 'negative'

It downgraded First Commonwealth Financial, M&T Bank , Synovus Financial, Trustmark and Valley National Bancorp

China set to challenge US electric vehicle plans at WTO, says report

China said it was contesting 'discriminatory subsidies' under the US Inflation Reduction Act that it said resulted in the exclusion of goods from China and other WTO countries