Page 805 - Reuters

India demands nearly $250 million from Pernod for undervaluing imports

Pernod is the second-largest spirits company globally and in India. The notice from India's customs authority, dated June 27, relates to liquor concentrates imported from a Pernod subsidiary

US adds 263,000 jobs; unemployment rate falls to 3.5% in September

With the labor market still tight, wage gains remained solid. Average hourly earnings increased 0.3% after a similar rise in August

Dollar retreats as investors await US jobs data; euro, pound pares

The euro and the pound pared overnight losses and rose for the first time in three trading sessions, while the Japanese yen clawed back from another break through the key 145 level against the dollar

Indian car makers propose tax cut on imports in trade deal with Britain

Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain

RBI sells dollars as rupee hits record low on US interest rate hike fears

The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on concerns over the US Federal Reserve rate outlook

RattanIndia to buy 100% stake in electric motorcycle maker Revolt Motors

RattanIndia Enterprises said it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time when eco-conscious consumers are turning to alternative vehicles

'Strongly contest' sovereign credit ratings downgrade by Moody's: Pakistan

Moody's cut Pakistan's sovereign credit rating on Thursday by one notch to Caa1 from B3, citing increased government liquidity and external vulnerability risks in the wake of devastating floods

RBI likely to set underwriting commission in 1.00-1.50 paise band: Poll

The Indian government aims to raise at least 280 billion Indian rupees ($3.41 billion) through the sale of bonds on Friday

No peace for Indian rupee as mighty dollar thunders on: Reuters Poll

India's rupee will trade near its record low against the mighty greenback beyond this year, buffeted by rising oil prices and an aggressive U.S. Federal Reserve rate-hiking campaign

IMF should issue new reserves to help countries tackle crises: Civil groups

The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping crises, 140 civil society groups said in a letter

Elon Musk, Twitter spar over request to halt site's lawsuit on eve of trial

Elon Musk said banks are working to finance his $44 billion deal for Twitter Inc and asked a judge to halt the social media company's lawsuit, which Twitter swiftly rejected

Twitter rolls out edit button to paid subscribers in US: What we know

Twitter users have for years demanded the ability to edit their tweets after publishing them, mostly to fix errors such as typos

Wall St drops amid inflation, rate hike worries; megacap growth stocks fall

Megacap growth stocks fall against rise in yields; oil prices add to inflation woes post OPEC+ output cut; US weekly jobless claims increase more than expected

IMF warns of higher recession risk and darker global outlook in 2023

IMF MD said the outlook for the global economy was darkening given the shocks caused by the Covid pandemic, Russia's invasion of Ukraine and climate disasters on all continents

Porsche overtakes Volkswagen as Europe's most valuable carmaker

Volkswagen is valued at 77.7 billion euros with Mercedes-Benz third among European carmakers with a 57.2 billion euro valuation

Scrutiniser of self, Annie Ernaux beats long path to Nobel literature prize

Her debut novel was Les Armoires Vides in 1974 but she gained international recognition following the publication of Les Annees in 2008, translated into The Years in 2017

Nykaa, Dubai's Apparel Group forge GCC alliance to build multi-beauty brand

Indian cosmetics and fashion retailer Nykaa on Thursday entered a strategic alliance with Dubai-based fashion and lifestyle retail conglomerate Apparel Group to expand in Gulf countries

Twitter slips as investors await funding details on Musk's $44-bn deal

Shares of the microblogging site were down marginally at $51.12, after rising 20% since Musk this week proposed to go ahead with the April bid of $54.20 per share to take Twitter private

Goldman raises oil price forecasts on 'very bullish' OPEC-plus cuts

If latest reduction in output by OPEC+ is sustained through Dec 2023, it would amount to $25 per barrel upside to their Brent forecast, Goldman Sachs said in a note

Oil prices near three-week high on cuts to OPEC+ output targets

Brent crude futures gained 15 cents, or 0.2%, to $93.52 per barrel by 1340 GMT after settling 1.7% up in the previous session.