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Azerbaijan minister, state oil company veteran to lead COP29 climate talks

The country has an estimated 2.5 trillion cubic metres of natural gas reserves, according to the 2021 BP Statistical Review of World Energy, and it aims to double its gas exports to Europe by 2027

Marico says Q3 revenue falls in low single digits on weaker rural demand

Marico, which operates in Bangladesh, Vietnam, the Middle East and Africa, also cited significant currency depreciation in select overseas geographies as the key factors behind the drop in revenue

Iraq prepares to close down US-led coalition's mission, says report

Sudani's statement came a day after a US strike killed a militia leader in Baghdad, prompting anger among Iran-aligned groups which demanded the government end the presence of the coalition in Iraq

Govt probes DHL, FedEx, UPS for alleged collusion on discounts & tariffs

Competition Commission of India (CCI) has begun reviewing hundreds of thousands of emails as it investigates the fees companies charged for airport services

US offers up to $10 million for information on five Hamas financiers

The first financier, Hamza, was involved in the transfer of almost $20 mn to Hamas

US Secy of State Antony Blinken back in West Asia amid escalating tensions

Israel to launch more targeted assault on Hamas; Maersk warns of disruption

Titan posts strong revenue growth in jewellery segment in third quarter

Indian jeweller and watchmaker Titan Co Ltd said on Friday it registered a revenue growth of 22% year-on-year in the third quarter ended Dec 31 as it saw double-digit growth in its jewellery business

US job growth surpass expectations in December; wages rise solidly

Average hourly earnings rose 0.4% in December after gaining 0.4% in the prior month. That raised the year-on-year increase in wages to 4.1% from 4.0% in November

Gold prices slip after pressure from stronger US dollar, treasury yields

Spot gold was down 0.2 per cent to $2,038.49 per ounce as of 1223 GMT. U.S. gold futures fell 0.2 per cent to $2,045.40

UN's world food price index ends 2023 around 10% below 2022 levels

The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5% from November

DefMin providing security escort for container ships around Red Sea

Tankers have been avoiding the Red Sea after the Houthi militant group stepped up maritime attacks against commercial vessels

Investors kick off 2024 with $123 billion record cash shift, says BofA

Energy stocks saw their seventh straight week of outflows, and the largest since July 2023 of $1.0 billion. U.S. small-cap stocks recorded a weekly inflow of $2.3 billion, their fifth weekly inflow in

Govt's disinvestment target in FY25 could be its lowest in nine years

The Modi government has met its privatisation and divestment target only twice in the last decade, even though its track record outstrips that of previous administrations

Global stocks set to snap 9-week winning streak on interest rate rethink

Europe's Stoxx 600 index sank 0.9% and government bond yields in the euro zone and United States rose sharply as prices of the interest rate-sensitive debt securities fell

Oil prices rise ahead of US Secretary of State Blinken's visit to West Asia

At its intra-day peak, the US West Texas Intermediate crude futures contract traded more than $1 above previous close

Invesco raises valuation of Indian food delivery firm Swiggy to $8.3 bn

US asset manager Invesco has raised the valuation of Indian food delivery platform Swiggy to $8.3 billion from $7.85 billion in October in a second straight markup, regulatory filings showed

State-run banks look to equity fundraising as perpetual bonds lose sheen

"This move has literally ended mutual fund investments in such papers, making fundraising more difficult," a trader with a private bank said

India's services growth at three-month high in Dec on buoyant demand: PMI

The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, rose sharply in December to 59.0 from November's one-year low of 56.9

Japan to accept earthquake relief from US only, refuses help from others

Japanese Prime Minister Fumio Kishida said there were offers for help and messages of condolence from governments including Taiwan and China

Muslims in tech world fear retaliation in speaking up: Sam Altman

The Microsoft-backed ChatGPT maker's high-profile boss urged the tech industry to treat members of those communities with empathy