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US Gulf Coast fuel oil imports hit five-year low as domestic supplies soar

U.S. refineries have been running more heavy Canadian crude because of its ample supply, with Gulf Coast refiners ramping up their intake by around 10% on the year, according to data

Elon Musk sues OpenAI, chief executive Sam Altman for abandoning mission

Musk co-founded OpenAI in 2015, but stepped down from its board in 2018. He also runs electric vehicle maker Tesla and rocket maker SpaceX and bought Twitter for $44 billion in October 2022

Race for new Pakistan finance minister heats up ahead of IMF negotiations

Former four-time finance minister Ishaq Dar remains the top contender, according to two sources in his Pakistan Muslim League-Nawaz (PML-N) party

Naukri to 99acres: Google starts removing Indian apps as fees row escalates

Indian startups have for years been protesting against many of the US giant's practices, including its in-app fee charges

India's Q3 GDP growth boosted by sharp fall in key subsidies: Report

Government data showed fertiliser subsidies in the October-December quarter declined by nearly 70% to 307 billion rupees ($3.7 billion) from the same period a year ago

National Highways Infra to debut private bond placement by April: Report

The company is a wholly-owned subsidiary of National Highways Authority of India and manages toll road projects

Google removes some India matrimony apps, execs calls move 'dark day'

The dispute centres on efforts by some Indian startups to stop Google from imposing a fee of 11% to 26% on in-app payments

Google to act against 10 Indian developers for not paying service fee

'10 companies, including many well-established ones, have chosen to not pay for the immense value they receive on Google Play,' Google said in a blog post

RBI's new rule on exchange-traded rupee derivatives confuses brokers

Reserve Bank of India (RBI) in a Jan. 5 circular said that stock exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"

Paytm discontinues inter-company agreements with its payments bank

Paytm, formally known as One 97 Communications, did not specify what agreements were being terminated

WTO issues new draft deals post all-night talks, some issues unresolved

A draft agriculture deal showed that a key reform sought by India on permitted government support levels for farmers was still not agreed, with two alternative solutions sitting side by side

Altera: Intel sees AI opportunity for standalone programmable chip unit

Intel's programmable chip unit began operating as a standalone business at the beginning of the year

Adani Energy in early talks for up to $500 million dollar bond issue

"The deal will materialise in the next three months and we are seeing strong interest from US insurance companies and pension funds," the company source said

Adani group to source copper concentrates from Peru, Chile, Australia

Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd, expects to start its operations in the next few weeks

Disney grandchildren back CEO Iger & board, slam activist investors

The four grandchildren of Roy Disney, in an open letter to Disney shareholders expressed concerns about the threat posed by "self-anointed" activist investors

China's factory activity rises on expansion in output, orders: Caixin PMI

The upbeat results, however, contrasted with an official survey released earlier in the day showing factory activity contracted for a fifth straight month

After Odysseus, Intuitive Machines sets sights on second moon landing

Nasa is counting on a series of low-budget, private excursions to the moon to serve as pathfinders for missions carrying astronauts this decade

New US sanctions may curb Indian imports of Russian coal, say traders

The latest US sanctions also include Russia's payment system, financial institutions and energy production

Tech, cricket big wins for billionaire Ambani in Disney-Reliance tie-up

Reliance's JioCinema is largely free and doesn't disclose user numbers, having started a premium paid offering just last year

Chinese firms step up hiring, wages remain sluggish amid high competition

China resumed publication this year, excluding college students from the data, to put youth unemployment at 14.9% in December