Page 904 - Reuters

Pakistan central bank hikes main policy rate by 150 bps to 13.75%

The country is going through economic turmoil, including high inflation, reserves declining to as low as less than two months' of imports and a fast-weakening currency

China lockdowns, war risk derailing global jobs recovery, says ILO

China accounted for 86% of the dip in working hours due to containment measures to stop the spread of Covid, according to the report

Wall Street bounces back on boost from banks, Apple; Dow rises over 2%

Broadcom shares decline on potential VMware buyout; JPMorgan rises on upbeat profit forecast

WEF 2022: UN official still hopes Musk will 'step up' to fight world hunger

In response to David Beasley's challenge last year to the super wealthy to end global hunger, Musk said he would sell $6 bn of Tesla stock and donate it to the World Food Programme

Abu Dhabi's Borouge secures cornerstone investors including Adani

The Abu Dhabi National Oil Company and Borealis' joint venture set the offer price for its IPO at 2.45 dirhams ($0.67) a share, which implies an equity value of $20 bn

Indian iron ore and steel stocks slump, autos rise after export tax hikes

The Nifty metals index fell as much as 8.9% on Monday, the fastest rate of decline since March 2020, while the Nifty auto index rose 2.9%

Gold gains for third straight session, climbs over 1% on dollar sell-off

The dollar slumped 1% as investors kept up selling pressure, cutting bets on further dollar gains from rising U.S. rates. A weaker dollar makes gold cheaper for overseas buyers. [USD/]

Euro soars after Lagarde points to rate hikes, dollar extends slide

The euro was the big gainer, adding as much as 1.1% to $1.0687. It has now risen 3.3% since hitting a multi-year low of $1.0349 on May 13.

WEF 2022: Crypto crowd dominate Davos main street despite price crash

The crypto crowd's prominence at Davos, while largely on the sidelines of the main event, comes as cryptocurrencies shed $800 bn in market value earlier this month

'Hike in export duties on iron ore, pellets to raise costs for steel mills'

India's imposition of higher export tax on iron ore and various intermediate products such as pellets will raise costs for steel mills, says Moody's

Duty hike to hurt 90,000 tn of exports monthly: ArcelorMittal Nippon Steel

ArcelorMittal Nippon Steel India Ltd expects about 90,000 tonnes of steel exports every month to be hit by government's duty increase, alongside a dampening effect on fresh investments

PM Modi, SoftBank's Son discuss more investments after big tech bets

Prime Minister Narendra Modi and SoftBank Group founder Masayoshi Son met on Monday to discuss more investments by the country's biggest tech backer

Asia stocks stifled by inflation, rising interest rates and China concerns

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3% as the region's major markets traded in the red. Oil rose and gold extended its recent gains

Oil prices at $110/barrel pose 'bigger threats' than inflation: Puri

Oil minister Hardeep Singh Puri said oil prices staying at $110/barrel could pose bigger threats than inflation to the global economy.

Oil prices firm on weak dollar, tight supply as US driving season looms

"Oil prices are supported as gasoline markets remain tight amid solid demand heading into the peak U.S. driving season," said SPI Asset Management Managing Partner Stephen Innes

Mahindra & Mahindra to explore more partnerships for EV parts: CEO

Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker.

Top mining, steel groups warn of adverse impact from export duty hikes

The increase in export taxes on iron ore, announced by the government over the weekend, will lead to large surpluses at home, and mainly hit producers of low grade ores that depend on overseas markets

Govt likely to stick to fiscal deficit target, says RBI Governor Das

Shaktikanta Das says RBI wants to raise rates in the next few MPC meetings, at least at the next one in June

Mahindra to explore partnership options for electric vehicle parts

Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker

Japan asks varsities to scrutinise foreign students, prevent leaks to China

A string of US arrests of Chinese academics in recent years over suspicion of spying was a wake-up call for Japan, officials say