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China's Xiaomi unveils first electric car, plans to become top automaker

The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system with the company's popular phones

Dollar dips across board as traders stay fixed on US rate cuts next year

The dollar index, which measures the U.S. currency against six rivals, fell to a fresh five-month low of 100.61. The index is on course for a 2.7% decline this year

Indian state banks to snap two-month streak of selling govt debt: Report

The pullback has left the 10-year yield around 7.20%, which traders say is attractive

ICRA assigns AA+ rating to Adani Ports on strong business profile

While ICRA said its rating factors in the company's strong business profile, India Ratings said it continues to take a consolidated view of the company and its subsidiaries

Govt asked Apple to soften impact of hack warnings, says Washington Post

An Apple security expert was also summoned from outside the country to a meeting in New Delhi and the expert was pressed to come up with alternative explanations for the warnings, it said

Almost all of Russia's oil exports this year shipped to China, India

Russia has successfully circumvented sanctions on its oil and diverted flows from Europe to China and India, which together accounted for around 90% of its crude exports

Gold touches 3-week high as dollar eases on US Fed rate cut hopes

The Fed is set to start 2024 with fresh evidence that US price pressures are retreating, with data last week marking the first time since March 2021 that the annual PCE price index was below 3%

Apple wins bid to pause smartwatch ban at US appeals court amid patent row

U.S. President Joe Biden's administration declined to veto the ban on Dec. 26, allowing it to take effect. Apple asked for a pause of the ban later that day

Germany's decadal bond yield, hits lowest level in year on rate cut bets

Germany's 2-year bond yield, which is sensitive to interest rate expectations, was down 1 bp at 2.40%, its lowest since March

Oil prices slip as investors monitor Red Sea tensions triggered by Gaza war

Israeli forces pummelled central Gaza by land, sea and air on Wednesday after Israel's Chief of Staff Herzi Halevi told reporters on Tuesday that the Gaza war would go on "for many months"

Banks' asset quality improves to decadal high at end-Sept: RBI report

The central bank said the banking system and the non-banking financial companies (NBFCs) remain resilient, backed by high capital ratios, improved asset quality and robust earnings growth

India net importer of steel in April-Nov, Chinese shipments reach 5-yr high

The world's top steel producer exported mostly hot-rolled and cold-rolled coil or sheets to India, followed by plates, and pipes

Japan to resume world's largest nuclear power plant Kashiwazaki-Kariwa

With a capacity of 8,212 megawatts (MW), the plant has been offline since 2012 after the Fukushima disaster a year earlier led to the shutdown of all nuclear power plants in Japan at the time

RBI announces 2-day repo for $6 billion as overnight rates stay elevated

The RBI had infused 1.75 trillion rupees through a seven-day VRRR on Dec. 22 and 1 trillion rupees in the prior week that matured on Dec 22

Russia to deploy newest howitzers close to borders of Finland and Norway

Earlier in December, Russia's TASS state news agency reported that single Coalition-SV howitzers had already been deployed to the frontline in Ukraine

Toyota's global output surges 11% in Nov, sees record high on strong demand

Domestic sales for the month shot 27% higher, sales in both the United States and China increased by 17%, while those in Europe climbed 15%

Philippines attracts four bids for main airport's $3 billion upgrade

Firms that submitted bids were the Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium, and SMC SAP & Co Consortium

Saudi cabinet approves contracting rules for firms not based there

The decision comes just days before Saudi Arabia's January 2024 deadline for companies to move their regional headquarters to the kingdom or risk losing money in government contracts

Dry weather, export curbs to strain global 2024 staple food supplies

Global wheat, corn and soybean prices - after several years of strong gains - are headed for losses in 2023 on easing Black Sea bottlenecks and fears of a global recession

China gaming companies unveil share buybacks after govt curbs cause rout

It remains to be seen how shares of Tencent Holdings , the world's biggest gaming company and its closest rival, NetEase, will fare this week after the apparent softening in stance from the regulator