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Indian refiners' August crude processing lowest in 10 months

Refiners processed 4.36 million barrels per day (18.44 million tonnes) of crude oil last month, the lowest since October 2020 and about 4.8% lower than 4.58 million bpd processed in July.

China's Evergrande chairman seeks to reassure investors, shares surge

Hui Ka Yan said the company was striving to ensure quality delivery of properties and stressed the importance to resume construction on developments where building had been halted

Evergrande domestic debt deal calms immediate contagion concern

Many financial institutions have exposure to Evergrande through direct loans and indirect holdings, while any defaults will also trigger sell-offs in the high-yield credit market

Facebook's tech head Mike Schroepfer to step down, Bosworth to take over

Bosworth, or "Boz," created Facebook's AR/VR organization, which was renamed Facebook Reality Labs (FRL) in 2020

Evergrande faces key deadline, investors await outcome on dollar bond

Evergrande, China's biggest property developer, ran into trouble over the past few months as Beijing tightened regulations in its property sector.

Wall Street ends higher as Fed signals bond-buying taper soon

Dow Jones Industrial Average rose 341.11 points, or 1.01%, to 34,260.95, the S&P 500 gained 41.54 points, or 0.95%, to 4,395.73

Powell says Wells Fargo asset cap to stay in place until problems fixed

A Wells Fargo spokeswoman did not immediately respond to a request for comment

Evergrande domestic debt deal calms immediate contagion concern

Many financial institutions have exposure to Evergrande through direct loans and indirect holdings

India likely to block Chinese investment in mega LIC IPO: Report

With China after the border clashes it cannot be business as usual. The trust deficit has significantly widened, say sources

FB warns it is 'underreporting' iOS ad results amid Apple privacy changes

Facebook said it believed actual conversions such as sales and app downloads are higher than reported

Dollar edges lower ahead of Fed, Evergrande lifts risk-sensitive currencies

Still, uncertainty remains whether the developer will be able to pay the coupon on its offshore dollar bonds, due on Thursday.

Wall Street rebounds from recent losses, Dow rises 200 pts; Fed in focus

FedEx falls on profit drop, forecast cut; Energy stocks lead early gains

Soaring natural gas prices ripple through heavy industry, supply chains

Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains

India, UAE plan to lift bilateral trade to $100 bn in 5 years via new pact

India and UAE plan to conclude CEPA by the end of the year with the aim to lift trade between the two countries by 70% in five years, trade ministers of both countries said

Risk-sensitive currencies perked up by upcoming Evergrande bond payment

Some of the excitement fizzled, however, after traders realised it was still not known whether the developer would be able to pay the coupon on its offshore dollar bonds, due on Thursday.

No doubt Vodafone Idea will survive, funding to come soon, says CEO

With govt's relief package all fears to some extent have been put aside by investors, says Ravinder Takkar

India's SII to invest $68 million in UK vaccine maker Oxford Biomedica

Serum - the world's largest vaccine manufacturer by volume - and Oxford Biomedica both produce AstraZeneca's COVID-19 vaccine.

India may allow smaller gap between Covishield doses sold privately: Report

Private hospitals and clinics will give their paying patients the option to receive their second dose of the vaccine 4 weeks after the first, down from between 12 and 16 weeks currently, say sources

China's overseas coal power retreat could wipe out $50 bn of investment

President Xi's announcement could impact 44 projects in Asia, Africa

Serum Institute to invest $68 mn in UK vaccine-maker Oxford Biomedica

British cell therapy firm makes announcement.