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Over 20,000 new hires leave Apple supplier Foxconn's China plant: Report

The worker departures come after the Taiwanese firm offered 10,000 yuan ($1,396) to employees who wanted to resign and leave the chaos-hit plant

Gold edges toward weekly gain on hopes of dovish Fed rate hike strategy

Spot gold gained 0.2% to $1,758.41 per ounce by 0223 GMT, and was up 0.5% so far this week. U.S. gold futures rose 0.7% to $1,758.30

China's daily Covid-19 cases hit record high at 32,695; curbs tightened

China on Friday reported another record high of daily Covid-19 infections, as cities across the country enforce measures and curbs to control outbreaks

Dollar headed for weekly loss as investors brace for slower Fed hikes

The dollar stood close to a three-month low and was on track for a weekly loss on Friday, as the prospect of the Federal Reserve slowing monetary policy tightening

Oil inches up in early trade amid wrangling over Russian oil price cap

Brent crude futures inched up 13 cents, or 0.2%, to trade at $85.47 a barrel at 0121 GMT

India seeks to use global energy challenge as opportunity: Hardeep Puri

G7 nations, including the United States, as well as the European Union and Australia, are planning to implement a likely price cap of $65 to $70 a barrel on sea-borne Russian oil exports from Dec 5

China's single-day Covid tally hits record high with 31,444 new cases

That number broke China's previous record set on April 13, when local cases hit 29,317

Apple supplier Foxconn apologises, offers new hires $1,400 to quit

'We apologize for an input error in the computer system and guarantee that the actual pay is the same as agreed and in the official recruitment posters'

Singapore's gig workers to get work injury and pension coverage

The new rules will affect about 73,000 workers who deliver food or drive passengers for companies such as Grab , Gojek, Deliveroo and Delivery Hero's Foodpanda

LIC hopes to mirror last year's $4.9 bn profit from equity sales: Chairman

LIC is aiming to increase its share of premium or participating policies to 15% in two years from about 9% presently, Kumar said

SBI to consider raising $1.2 billion through infrastructure bonds

The fundraising, if approved, would be through a public issue or private placement during fiscal 2023, the bank added

Cotton exports stall as farmers delay sales hoping for higher prices

The limited supplies are keeping local prices significantly above the global benchmark, making overseas sales unviable from the world's biggest producer of the fibre

Dubai-based Coral Energy turns focus to Asia, halts trade in Russian crude

he trading house emerged as one of the key suppliers of Russian crudes to Asia after some western entities shunned purchase of Russian oil

Gold prices bounce back above key level as Fed signals slower rate hikes

Lower rates tend to lift the appeal for bullion in comparison with other interest-bearing assets

Asian shares higher on signs of Fed rate hike slowdown, China stimulus

Asian shares tracked Wall Street higher on Thursday, buoyed by signals the US Federal Reserve may slow the pace of interest rate hikes and news of fresh economic stimulus from China

Dollar slips as risk sentiment improves among investors after Fed minutes

The US dollar was broadly weaker on Thursday as investors, encouraged prospect of a slower pace of interest rate hikes from the federal reserve, placed bets on riskier assets

Proposed G7 oil price cap to have little immediate impact on Russia

G7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues

Credit Suisse expects pre-tax loss of up to 1.5 billion Sfr in Q4

The profit warning is a blow for the bank which had previously said it expected to make a net loss during the last three months of the year but did not give a figure

India's cotton exports stall as farmers delay sales for higher prices

Indian traders are struggling to export cotton despite higher production as farmers are delaying sale of their harvest hoping for higher prices in coming months

Oil prices rise to near $90/bbl on account of US crude stock drop

Brent crude futures rose $1.03, or 1.17%, to $89.39 a barrel at 0941 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.06%, to $81.81 a barrel