Page 709 - Reuters/workspace/business Standard Web/undefined

IMF working hard on global central bank digital currency platform

The IMF wants central banks to agree on a common regulatory framework for digital currencies that will allow global interoperability

Germany, Intel strike $33 bn chip plant deal; $11 bn subsidy on offer

The agreement includes what Intel said was increased government support including incentives, reflecting the expanded scope of the project since it was first announced in March 2022

Wheat rises in Paris as US drought may cut grain supply worldwide

Volumes were light as a US holiday deprived Euronext of the usual impetus from Chicago futures.

UN rights chief Volker Turk seeks to set up presence in China and India

Turk also said he would like to double his office's budget to step up global monitoring

India to resolve disparity in global aircraft leasing rules, national laws

A resolution could help lessors to Go First airline reclaim their planes and fly them out of the country after the carrier filed for bankruptcy protection in May

Sebi bans IIFL Securities from signing new broking clients for 2 years

The company will appeal SEBI's order, said an official who declined to be named as the person is not authorised to speak to the media

Timken Singapore proposes to sell 8.4% stake in Indian unit for $231 mn

By Scott Murdoch

Rupee dips tracking Asia FX, eyes US Fed chief testimony this week

By Sethuraman N R

Xi Jinping hails 'progress' as he meets Blinken during rare China trip

The two delegations then faced each other across a long conference table bedecked with pink lotus flowers, with Xi at the head and Blinken just to his right

Reliance Industries resumes vessel operations at Sikka port in Gujarat

Several ports in Gujarat had suspended cargo operations last week due to unsafe weather conditions at sea

Late push to extend coal subsidies upsets EU deal on energy reforms

The proposed reform aims to make power prices more stable and predictable, by putting new state-backed renewables and low-carbon nuclear plants onto fixed-price contracts for difference

Israel govt to approve 'thousands' of building permits in West Bank

Thousands of permits to be given despite US pressure to halt settlement expansion, which is seen as an obstacle to peace with Palestinians

ONGC chief expects Russian oil to make up 30% of India's imports: Interfax

Russia has been redirecting its energy supplies from Western countries which have imposed restrictions and sanctions on trade with Moscow

Oil heads for weekly gains as supply cuts balance demand concerns

Brent crude gained 48 cents to $76.15 a barrel by 1:16 p.m. EDT (1316 GMT). U.S. West Texas Intermediate (WTI) crude rose 59 cents to $71.21

World shares jump to 14-month highs after heavy central bank week

A gauge of global stock markets jumped to a fresh 14-month high on Friday, while the US dollar headed for its biggest weekly slide since January following a heavy week of central bank meetings

Can use nuclear weapons but won't, says Russia President Vladimir Putin

He also said Russia's military could destroy parts of central Kyiv but had chosen not to for various reasons.

Willing to engage in tech co-op with US, Xi Jinping tells Bill Gates

Says he welcomes American AI technology in China

Toxic cough syrup risk 'ongoing' and more countries hit, says WHO

The U.N. agency has already named nine countries where tainted syrups may have been on sale, after the deaths of more than 300 infants on three continents last year were linked to the drugs

JBM Auto top contender for controlling stake in SML Isuzu: Report

JBM is mulling various options to acquire the shareholding, including cash as well as a share swap deal, the report added

Crude oil slumps on demand concerns amid rising rates offset supply cuts

Brent crude fell 49 cents, or 0.7%, to $75.18 a barrel by 1005 GMT while U.S. West Texas Intermediate (WTI) crude slipped 63 cents, or 0.9%, to $69.99