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India rice rates near three-year low, Bangladesh considers cutting duty

Rates for India's 5% broken parboiled variety were unchanged around $358-$362 per tonne, the lowest since January 2017

Novartis's $90 million Swiss factory to help solve cell therapy bottleneck

Basel-based Novartis sees cell and gene therapies eventually contributing about 15% of its revenue

September quarter GDP growth may sink to 4.7% on weak demand: Poll

If the latest figure for expansion of gross domestic product is 4.7 per cent or less, the quarter will have registered the slowest expansion in 26 quarters, since 4.3 per cent in January-March 2013

Warburg Pincus to raise up to $1.5 bn for first India-focused fund: Reports

Launches of India-focused pvt equity funds are rare, and big global buyout firms like KKR & Co Inc, Bain Capital and Blackstone Group Inc typically invest in a country mainly from their regional funds

Govt wants RBI to take over stressed assets of shadow banks: Report

The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government official, who declined to be named, said

US assures banks on transactions with China firm hit by Iran sanctions

The administration slapped sanctions on September 25 on Dalian units of Chinese shipping company COSCO, a move that pushed global freight costs to record highs

Cost of India refinery project with Aramco, ADNOC estimated at $70 billion

In September, India's oil minister said the refinery would cost more than the originally planned $45 billion.

Cambridge Analytica row: Facebook users can't claim damages, says US court

Users were allowed to sue as a group to require Facebook to employ automated security monitoring, improve employee training, and educate people better about hacking threats

Deutsche Bank sells $50 bn in assets to Goldman Sachs amid overhaul: Report

The assets, related to emerging-market debt, were part of Deutsche's unit to wind down unwanted securities, the people said

HSBC swaps paper records for blockchain to track $20 bn worth of assets

The HSBC platform will digitise paper-based records of private placements, using blockchain to reduce the time it takes investors to make checks or queries on holdings

Wall Street hits fresh record highs on trade deal hopes, robust data

US economic growth picked up slightly in the third quarter, rather than slowing as initially reported, while consumer spending rose steadily in October

Green shoots in US? Sep quarter GDP growth revised slightly to 2.1%

There are signs the economy slowed early in the fourth quarter amid a cooling in consumer spending and a deepening downturn in business investment

BJP's loss of power in Maharashtra may derail $17-bn bullet train project

Any delay of the project is likely to undermine investor confidence, at a time when growth has slowed to its weakest pace in years

Gold prices soften as hopes of US-China trade deal boost equities, dollar

US President Donald Trump on Tuesday said Washington was in the "final throes" of a deal that would defuse the 16-month tariff dispute with Beijing.

Malaysia's AirAsia posts $12.3-mn Sep-quarter loss on forex fluctuations

In a filing to the bourse, it also recorded a depreciation of right of use of asset, and finance costs for lease liabilities during the quarter

China urged to lower 2020 growth target to 6% as trade war with US bites

China has brought forward 1 trillion yuan ($142.07 billion) of the 2020 local government special bonds quota to this year as it seeks to avert a sharper economic slowdown

China advances $142-bn 2020 local-govt bonds by a year to spur growth

Beijing has been leaning more heavily on fiscal stimulus to weather the current downturn, announcing 2 trn yuan in tax and fee cuts this year and 2.15 trn yuan in local government bond issuance

Xiaomi posts slowest revenue growth ever in Q3 as Huawei grabs market share

Net income rose to 3.47 billion yuan, up from 2.50 billion yuan a year ago

IKEA to spend 200 mn euros to cut carbon emission, turn 'climate positive'

In September Ingka Group, which owns most IKEA stores, pledged to exceed its 2020 target to produce as much renewable energy as the energy it consumes by the year's end

Amid US probe, China's ByteDance moves to ringfence its TikTok app

A US panel is probing the safety of personal data handled by the company