Page 1031 - Reuters

G7 finance officials endorse principles for central bank digital currencies

G7 finance officials on Wednesday endorsed 13 public policy principles for central bank digital currencies, saying such currencies should be grounded in transparency

G20 finance chiefs back global tax deal, pledge to sustain recovery

Finance leaders from the G20 major economies keeping a close eye on inflation

Coal India halts supply to non-power users, hitting industry

India is the world's second largest coal producer, with the world's fourth largest reserves

India's Sept trade deficit widens to record $22.6 bn

India's merchandise exports rose $33.8 billion for the month from $27.56 billion in the same period last year

Coal India temporarily halts supply to non-power customers: Report

Coal India Ltd, the world's biggest miner, has temporarily stopped supplies to non-power users, a company official said, as India battles one of its worst power supply deficits in years

India on course for open access in its markets: RBI deputy governor

RBI deputy governor T Rabi Sankar said there was an effort to liberalize foreign portfolio investor flows into Indian debt further with the introduction of the Fully Accessible Route

CAIT wants govt probe into Amazon after report on its India malpractices

The Reuters report found that Amazon ran a systematic campaign of creating knockoffs and manipulating search results to boost its own private brands in India

India's Sep WPI inflation falls to 10.66% as fuel, power prices rise 24.8%

Fuel and power prices rose 24.81% in September year-on-year compared with 26.09% in August, while manufactured product prices rose 11.41% compared with 11.39% in the previous month.

Wipro shares at record high on better-than-expected quarterly profit

Shares of India's Wipro Ltd surged as much as 7.6% to a record high on Thursday, a day after the IT services company logged a near 19% rise in quarterly consolidated net profit.

Stocks up, dollar squeezed as inflation pulls forward rate hike bets

Fed Funds futures pulled forward first hike from late in 2022 to almost fully price a 25 basis point hike by September, but pricing also suggests rates hovering around just 1.5% in five years' time

Dollar pauses after rallying to one-year high earlier in week

The dollar index, which measures the currency against six rivals, was about flat at 94.016, after dropping 0.53% on Wednesday, the most since Aug. 23.

Oil rises on expectation high natural gas to drive switch for heating

Brent crude futures gained 28 cents, or 0.3%, to $83.46 a barrel at 0107 GMT after falling 0.3% on Wednesday.

Tesla directors get softer support, shareholder proposal gains traction

In a securities filing Tesla said support for a shareholder resolution on how it handles arbitration matters rose to 46% of votes cast at its annual meeting, from 27% for a similar proposal in 2020

Oil eases on profit taking, demand jitters; stays near highest in years

Prices came under pressure early when China, the world's biggest crude importer, released data showing September imports fell 15% from a year earlier

Invesco says it facilitated tie-up talks between India's Reliance and Zee

"The role of Invesco, as Zee's single largest shareholder, was to help facilitate that potential (Reliance) transaction and nothing more," Invesco said

IMF chief says data-rigging scandal won't hamper IMF-World Bank cooperation

Georgieva, who was cleared of wrongdoing in the matter by the IMF's executive board on Monday, had sharply criticized a report prepared by law firm WilmerHale for the World Bank's board

Hyundai Motor aims to develop chips, cut reliance on chipmakers

A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year

JPMorgan edges closer to leaving pandemic behind, its earnings show

JPMorgan's third-quarter profit was 24% higher than the same period last year

Fed lays out plan to reduce bond purchases, flags inflation worries

Policymakers discuss plan for 'gradual' cut in bond-buying

Volkswagen CEO Herbert Diess warns shift to EVs may cost 30K jobs

Volkswagen's Wolfsburg plant, the world's largest with over 50,000 employees, does not currently make EVs, but the company plans to produce an electric sedan there from 2026