Page 1067 - Reuters/workspace/business Standard Web/undefined

IMF's Georgieva wins some European backing as board debates her future

France, Britain, Germany and Italy were expected to back Georgieva

Oil rises 4% in week as energy crunch shows no signs of easing

Oil rose on Friday, gaining about 4% on the week as a global energy crunch boosted US prices to their highest in almost seven years as big power users struggle to meet demand

Facebook Messenger, Instagram facing issues for second time in a week

Facebook Inc confirmed that some users were having trouble accessing its apps and services, days after the social media giant suffered a six-hour outage

Rising chip prices fuel Samsung's best quarterly profit in three years

Samsung Electronics Co Ltd on Friday flagged a 28% jump in its third-quarter operating profit to the highest in three years

TSMC, Sony plan joint chip unit with $7.15-bn help from Japan govt

The plant in Kumamoto, southern Japan, is expected to produce semiconductors for automobiles, camera image sensors and other products which have been hit by a global chip shortage

Journalists who took on Putin and Duterte win 2021 Nobel Peace Prize

Maria Ressa and Dmitry Muratov were given the award 'for their courageous fight for freedom of expression in the Philippines and Russia', says Chairwoman of the Norwegian Nobel Committee

China digs in on coal, crude oil gains as energy crisis deepens

Officials order more than 70 coal mines to ramp up production by nearly 10%

Dollar steady after jobs miss as taper hopes remain intact

September's employment report is the last one available before the Federal Reserve's Nov. 2-3 policy meeting.

Stocks nudge higher after US employment growth slows sharply in September

Stocks looked set to hold most of the previous session's gains as investors welcomed the US Senate's temporary lifting of the debt ceiling

Evergrande creditors fear imminent default as advisers call for clarity

Evergrande shares have been suspended since it requested a trading halt on Monday pending a major transaction announcement.

Evergrande bondholders to mull options as woes hit China property bonds

Evergrande has already missed coupon payments on dollar bonds twice last month

Jharkhand, Bihar, Rajasthan suffer most power cuts as coal stocks shrink

Energy supplies are under strain globally as prices surge and demand and supply chains are strained by the recovery of consumption

India's central bank keeps rates on hold to support economic recovery

RBI's key lending rate or the repo rate was held steady at 4% while the reverse repo rate or the borrowing rate also stayed unchanged at 3.35%

Chinese property bonds, shares slump as Evergrande angst spreads

Bonds and shares issued by Chinese developers slumped as onshore markets returned from a week-long holiday with few clues as to how regulators propose to contain contagion from Evergrande's problems

India's regulator asks local exchange not to launch new rapeseed contract

India's market regulator on Friday directed the local National Commodity And Derivatives Exchange not to launch a new rapeseed contract until further orders

Evergrande, others in China have sizeable off-balance sheet debt: JPMorgan

Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios, according to JPMorgan

Oil climbs on switch from gas and doubts over US releasing reserves

Analysts said the surge in gas prices and the extent of fuel switching from gas to oil will be the key factor to watch now

Wall Street ends with solid gains; investors hail US debt-ceiling truce

The Dow Jones Industrial Average rose 1% to end at 34,760.34 points, while the S&P 500 gained 0.83% to 4,399.82

'Containergeddon': Supply crisis drives Walmart, rivals to hire own ships

Aim is to bypass log-jammed ports and secure scarce ship space at a time when Covid-19, as well as US-China trade ructions, equipment shortages have exposed fragility of globe-spanning supply lines

US Senate Democrats, Republicans reach deal on $480-bn debt limit increase

Senate leaders have reached agreement on a deal that staves off any default on federal payments into December