Page 870 - Reuters/14

Bollywood broken? Amid streaming boom, movie moguls' spell over India fades

Indeed times have changed and Bollywood, a cultural pillar of modern India, is losing its allure

NDTV says stake sale to Adani needs approval from tax authorities

NDTV said it had invited the Adani group's company to join its application to the tax authorities for clarification

Gold faces longest monthly losing streak since 2018 on rate hikes

Spot gold fell 0.8% to $1,710.70 an ounce by 0956 GMT

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.

China's new home prices fall marginally in August due to weak demand

New home prices in 100 cities fell 0.01% from a month earlier, unchanged from July, according to survey data released on Thursday by China Index Academy

China to publish detailed economic policy steps in early September

The government will lay out detailed plans to implement the 19 new policies it announced last week to support growth

Australia, NZ dollars hit six-week lows, domestic data a mixed bag

The Aussie slipped 0.4% to $0.6811, having breached chart support around $0.6840 to hit a low of $0.6805. The next major bear target is its July trough of $0.6683

Yen hits 24-year low, 140 level beckons as Fed hike bets buoy dollar

Markets have priced in about a 40% chance the ECB will increase rates by 75 basis points next week, even as risks of a painful recession rise along with gas prices

Oil prices slump again, hit by demand concerns over Covid-19 restrictions

Some OPEC+ members have called for cuts. The group is next due to meet on Sept. 5 amid weakening demand in Asia that spurred Saudi Arabia to lower its official selling prices to that region

World stocks fall and oil prices slide on rate and recession fears

Wall Street struggled to hang on to early gains while European shares deepened losses, hobbled by worries that tightening monetary policy around the world will hurt demand

Rate hike rush pushes gold to longest monthly losing streak in 4 years

Gold slipped on Wednesday and was on track for its longest run of monthly losses since 2018, pressured by aggressive rate hikes by major central banks across the world

Dollar eases, but remains near 2-decade high as traders brace for hikes

The index is on track for a rise of around 2.6% in August, its third-straight monthly gain

Amid rising prices, oil companies invest heavily in offshore drilling

Surging oil prices are encouraging the investments, along with Europe's mounting energy demand as the Ukraine-Russia war drags on

Heatwaves, Covid cases scald China's manufacturing activity in August

Covid cases, property sector woes also keep PMI below 50 in August

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

Zee in a statement said it continues to take all the required legal steps to complete all the necessary approval processes for the proposed merger

EU complicates travel rules for Russians, but baulks at visa ban

The EU was too divided to agree at this stage on a blanket ban, and also left unclear what measures Estonia, Latvia, Lithuania, Poland and Finland could take to restrict access to Russian visitors

India receives August monsoon rains 3.4% above average: Weather department

India received 3.4% more rainfall than average in August as central and southern parts of the country received heavy rains, IMD said

US FDA authorises two Covid boosters targeted at Omicron subvariants

US approves Omicron vaccines from Moderna and BioNTech/Pfizer

Wall Street struggles for direction on rate hike jitters; Snap jumps

Snap jumps as it restructures ad business, lays off staff; Netflix rises after hiring two Snap Inc executives; Bed Bath & Beyond sinks on corporate overhaul

South Africa's Aspen, India's Serum Institute sign vaccines deal for Africa

South Africa's Aspen Pharmacare has signed a deal with the Serum Institute of India to manufacture and sell four Aspen-branded vaccines for Africa