Page 1039 - Reuters

Metlife boosts stake in Indian JV after investment limit relaxed

The deal will boost MetLife's stake in PNB MetLife to more than 47%

OPEC+ panel recommends sticking to oil output plan, sources say

A OPEC+ ministerial panel has recommended that the oil producing group stick to an existing pact to hike oil output by 400,000 barrels per day (bpd) in November

China Evergrande to raise $5 billion from property unit sale: Report

Evergrande is facing what could be one of China's largest-ever restructurings

Inflation and Evergrande keep world shares on back foot

Asian shares weakened, led by a 2.7% loss in Hong Kong while Japan's Nikkei slipped around 1%

India's September gold imports surge as prices correct ahead of festivals

Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices

OPEC+ seen keeping oil output policy unchanged, OPEC+ sources say

OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day of oil to the market in November

China Evergrande to raise $5 billion from property unit sale: Report

China Evergrande will sell a half-stake in property management unit to Hopson for more than $5 bn, reports said, after both Evergrande and Hopson requested trading halts ahead of a major transaction

China tells Evergrande to avoid dollar bond default as deadline looms

Regulators said the company should communicate proactively with bondholders to avoid a default but didn't give more specific guidance

Evergrande to make small investors priority as debt deadline looms

Global markets have been on tenterhooks in recent weeks as looming payment obligations of Evergrande, which has a $305 billion mountain of debt

Indian rupee gains on dollars inflows; traders await auction outcome

The Fed said it will likely begin reducing its monthly bond purchases as soon as November and signalled interest rate hikes may follow more quickly than expected

India's palm oil imports to drop 9% as farmers expand oilseeds area

By Rajendra Jadhav

Evergrande seeks to reassure retail investors as key debt deadline looms

By Clare Jim, Anshuman Daga and Tom Westbrook

Shares rise in Asian markets but Evergrande jitters keep investors on edge

As Hong Kong markets came off a holiday, Evergrande's shares surged 30% to mark their best day.

Supply chain snarls could cost automakers $210 billion this year: Report

A shortage of semiconductors is just part of the problem, Alixpartners said in a new forecast

Asian shares gain but Evergrande jitters keep investors on edge

Evergrande's shares surged 23% on Thursday after a unit said on Wednesday, when the Hong Kong market was closed for a holiday, that it had "resolved" a coupon payment on an onshore bond.

Oyo to file for $1.2 bn IPO next week, sees recovery after pandemic: report

Startup has endured months of layoffs, cost-cuts and losses during the coronavirus outbreak.

Fed policymakers see upward march in interest rates starting next year

By Lindsay Dunsmuir

Indian refiners' August crude processing lowest in 10 months

Refiners processed 4.36 million barrels per day (18.44 million tonnes) of crude oil last month, the lowest since October 2020 and about 4.8% lower than 4.58 million bpd processed in July.

China's Evergrande chairman seeks to reassure investors, shares surge

Hui Ka Yan said the company was striving to ensure quality delivery of properties and stressed the importance to resume construction on developments where building had been halted

Facebook's tech head Mike Schroepfer to step down, Bosworth to take over

Bosworth, or "Boz," created Facebook's AR/VR organization, which was renamed Facebook Reality Labs (FRL) in 2020