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Japan, France and India to launch platform to coordinate Sri Lanka debt

Sri Lanka last month secured a $2.9 billion programme from the International Monetary Fund to tackle its suffocating debt burden and its worst economic crisis in more than seven decades

US consumer prices rise moderately in March; underlying inflation still hot

The Consumer Price Index (CPI) climbed 0.1% last month after advancing 0.4% in February, the Labor Department said on Wednesday

Cotton exports seen sliding, matching imports for first time in years: USDA

India's cotton exports are expected to slide sharply for 2022-23 and match imports into the top producer for the first time in about two decades on low domestic stocks among other factors, USDA said

TCS blames US financial crisis for weak fourth quarter results

"The quarter has come out weaker than what we originally anticipated and primarily coming out of North America," TCS CEO Rajesh Gopinathan said in a media conference

Swiss parliament rebukes Credit Suisse rescue by rival bank UBS

While the upper house had approved the government's contribution to the rescue package, parliament's lower, and larger chamber, pushed back again on Wednesday

NPR to quit Twitter after being labeled as 'state-affiliated media'

"We are officially deemphasizing Twitter across the organization," NPR said in a statement, adding that it had made the decision after Twitter refused repeated requests to remove the inaccurate label

Rupee in narrow range ahead of US inflation, Fed minutes

The rupee finished at 82.0775 per dollar compared with 82.1250 in the previous session

PhonePe raises another $100 mn to expand into lucrative lending space

With the latest round, PhonePe, India's most valuable payments firm with an estimated value of $12 billion, has raised $650 million across four tranches from its backers, including Tiger Global

RBI to extend rate pause through year-end, likely done hiking: Poll

The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year, a Reuters poll of economists showed

Rupee edges up as dollar softens ahead of US inflation data, Fed minutes

The rupee was trading at 82.0750 per dollar by 10:44 a.m. IST compared with 82.1250 in the previous session

Dollar dips ahead of key US inflation data, possible Fed rate hikes

The US dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes

Oil steady after surprise build in US crude stocks offset supply concerns

Oil prices were little changed in early trading on Wednesday after industry data showed an unexpected build in U.S. crude and gasoline inventories, offsetting concerns about tightening supply

China proposes measures to manage generative AI services: Report

The CAC said that China supports AI innovation and application and encourages use of safe and reliable software, tools and data resources

Oil prices rise in choppy trading with US and China inflation in focus

Brent crude futures rose 65 cents, or 0.8%, to $84.83 a barrel by 1405 GMT. US West Texas Intermediate futures rose 92 cents, or 1.2%, to $80.66 a barrel

Goldman Sachs names new global head of private banking, lending, deposits

Nishi Somaiya joined the Wall Street giant in 2001, was named managing director in 2011, and partner in 2016

UK economy set for smaller hit in 2023 than previously feared: IMF

British gross domestic product will contract by 0.3% in 2023, the IMF said in its latest set of global forecasts, a smaller shrinkage than the 0.6% contraction the Fund predicted in January

Blackstone Inc raises $30.4 billion for its latest real estate fund

The fund, called Blackstone Real Estate Partners X, is 48% bigger than the asset management giant's previous real estate fund which closed in 2019

India cenbank puts in place framework for acceptance of green deposits

RBIndia is putting in place a framework for the acceptance of green deposits to foster and develop an environment-friendly finance ecosystem in the country, which will come into effect from June 1

HDFC Bank says it will raise $6 billion in debt over next one year

The proposed fund raise would be by issuing perpetual debt instruments, or Additional Tier-1 (AT-1) bonds, Tier-II capital bonds and long-term bonds, the bank said in an exchange filing

Moderna to keep testing flu shot after initial failures, shares down 8%

The company said, ahead of its annual vaccines conference, that it will continue testing the flu shot for efficacy