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Oil prices decline as weaker Chinese retail sales pressure demand

The Fed is expected to cut interest rates by a quarter of a percentage point at its Dec. 17-18 meeting, which will also provide an updated look at how much further Fed officials think they will reduce

India's merchandise trade deficit widens to $37.8 billion in November

Economists had expected the country's November trade deficit to be $23.9 billion

China's Instagram-like Xiaohongshu making inroads with e-commerce sales

Xiaohongshu, sometimes compared to Instagram, has long been one of China's most important marketing tools

We must win back market share, rethink strategy: Mercedes-Benz labour chief

Mercedes-Benz Cars sold 1.46 million cars in the first nine months of this year, down 4.3% from the same period of 2023

US' case against Gautam Adani strong but extradition unlikely: Experts

Adani, his nephew Sagar Adani, and another Adani Group executive were charged with securities fraud and conspiracy

Economy ends 2024 strong as business growth reaches 4-month high, shows PMI

Asia's third-largest economy grew a softer 5.4 per cent last quarter, but easing inflation is expected to spur demand among private sector firms

Domestic, global headwinds challenge RBI's forex intervention efforts

India's forex reserves are at a five-month low after the RBI sold $38 billion, per IDFC FIRST Bank's estimate, between October and the first week of December

China's industrial output rises, weak consumption pressures economy

China's industrial output grew 5.4 per cent in November year-on-year, up from the 5.3 per cent pace seen in October

Asian stock markets wary of Fed rate future, China data disappoints

China's blue chip index eased 0.2 per cent, having dropped more than 2 per cent last Friday

UK property asking prices fall, headwinds remain for 2025, says Rightmove

Compared with a year earlier, asking prices were 1.4 per cent higher

Bitcoin surges to record high above $106,000 on strategic reserve hopes

Bitcoin, the world's biggest and best known cryptocurrency, hit a high of $106,533 and last traded at $105,688

German Chancellor Scholz to ask parliament to clear way for new elections

The departure last month of the neoliberal Free Democrats from the three-way coalition left Scholz's Social Democrats and the Greens governing without a parliamentary majority

US foreign investment panel split on Nippon-US Steel deal, say reports

CFIUS, a powerful committee charged with reviewing foreign investments in US firms for national security risks, has until Dec. 22 to make a decision on whether to approve, block or extend the timeline

Donald Trump gives allies Devin Nunes and Richard Grenell key roles

Trump's nominee to lead the Federal Bureau of Investigation, Kash Patel, served as an aide to Nunes in the US House of Representatives

Britain joins trans-Pacific pact in biggest post-Brexit trade deal

The pact represents Britain's first free trade deals with Malaysia and Brunei, but while it had agreements with the other countries, CPTPP provisions go further, especially in giving companies choices

South Korea's Yoon defiant after impeachment over martial law bid

The Constitutional Court will decide whether to remove Yoon sometime in the next six months. If he is removed from office, a snap election will be called

Reliance Industries buys 74% stake in Navi Mumbai IIA for $192 mn

NMIIA operates an industrial area located in Mumbai, India's financial hub and the capital of the western state of Maharashtra.

US lawmakers tell Apple, Google to remove TikTok from app stores on Jan 19

Apple, Alphabet and TikTok did not immediately comment. On Monday, ByteDance and TikTok made an emergency bid to temporarily block the law pending a review by the US Supreme Court

SEC extends deadline for Musk to respond to Twitter inquiry settlement

On Thursday, Musk tweeted a copy of a letter sent by his lawyer to the chair of the SEC saying agency staff had given him 48 hours to agree to pay a penalty or face charges

Trump advisers propose shrinking or scrapping key bank regulators

Advisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, if deposit insurance could be absorbed into the Treasury Department