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Credit Suisse looking at cutting around 5,000 jobs in cost drive: Report

Credit Suisse in July named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 bn in costs

WhatsApp takes down 2.4 million bad accounts in India in July: Report

Of the accounts barred, 1.42 million were "proactively banned," before any reports from users

Chengdu locks down 21.2 mn as Chinese cities battle Covid outbreak

Chengdu locks down during four-day citywide testing; Shenzhen districts with over 15 mn residents limit business; most curbs in big Chinese cities intended for a few days

RBI unlikely to accept NBFCs' requests for bad-loan exemptions: Report

Under the new norms, shadow banks will have to recognise bad loans on a daily basis, rather than monthly, as some now do

Twitter tests long-awaited edit button, will roll out to paid subscribers

For years, Twitter users have demanded the ability to edit their tweets after publishing in order to fix errors like typos

Dollar jumps to 20-year high as data supports aggressive Fed hike

The report also showed that layoffs dropped in August, despite hefty interest rate increases from the Fed to quell inflation, which have raised the risk of a recession

Wall St slides for fifth straight day on rate hike jitters; Nasdaq falls 2%

All eyes on August nonfarm payrolls report on Friday; Nvidia, AMD falls after US export ban on AI chips to China

India's August diesel demand slumps due to monsoon rains and inflation

Fuel demand in India, the world's third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are hit by heavy floods

Oil prices tumble 2% as China's Covid-19 lockdowns stoke demand fears

Asia's factory activity slumped in August as China's zero-COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday

Global factory activity slumped in August but signs cost pressures easing

Manufacturing activity was weak in countries ranging from Germany to Britain to China in a sign sluggish demand was adding to headaches for companies already suffering from lingering supply constraint

Rupee avoids sell-off against a rampant USD, closes flat on oil price drop

The partially convertible rupee eased 0.1% to 79.5550 per U.S. dollar, having firmed up to a more than two-week high of 79.31 during the session

India could soon approve sugar exports in two tranches, says report

Exports by India, which has restricted shipments in the current season, could weigh on global prices, and help swell supplies across Asia

India wants local settlement if its bonds join global index, says report

Media reports last week said JP Morgan had started new consultations with investors about adding India to its emerging market index, rekindling expectations of an imminent listing

Dish TV shares surge 20% as chairman set to exit after Yes Bank tussle

The company on Tuesday said Goel would not opt for a re-appointment on its board and independent director Bhagwan Das Narang would vacate office after his term expired

Gold prices slip to six-week low on robust dollar, rate-hike view

Euro zone inflation rose to a record high last month, solidifying the case for further aggressive rate hikes by the European Central Bank.

Reckitt Benckiser says CEO Laxman Narasimhan to step down at end of Sept

Reckitt Benckiser said its Chief Executive Officer Laxman Narasimhan will step down at the end of September after three years in the role.

RBI may slow pace of rate hikes over growth concerns: Deutsche Bank

Das added that the central bank may consider 35 bps rate hike, should the U.S. Federal Reserve deliver a 75 bps rate hike on Sep. 21

SpiceJet shares fall 15% to hit one-month low on bigger quarterly loss

SpiceJet on Wednesday reported a net loss of 7.84 billion rupees ($98.50 million) for the quarter ended June 30, compared with a loss of 7.31 billion rupees a year earlier

Sony-Zee merger can hurt competition, more scrutiny needed, CCI says

The Competition Commission of India's (CCI) Aug. 3 notice to the two companies stated the watchdog is of the view that a further investigation is merited

Goldman cuts India's growth forecast to 7%; M Stanley sees downside risks

Goldman Sachs has revised lower its growth projections for India after the April-June quarterly gross domestic product readings missed market estimates.