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Meta sends mixed signals as Q4 sales beat estimates but outlook muted

Meta shares were flat after the market closed but rose as CEO Mark Zuckerberg spoke optimistically about Meta's AI initiatives and the company's conviction that open source AI is the right strategy

Prices of rice exported from India steady at 18-month low on muted demand

India's 5% broken parboiled variety was quoted at $429-$435 per metric ton this week, unchanged from last week. Indian 5% broken white rice was quoted at $432 to $440 per ton this week

Abu Dhabi fund ADQ, Orion team up to invest $1.2 bn in metals, mining

The partners will invest through different asset classes, including equity, senior debt and production-linked instruments, such as royalties

RBI files bankruptcy application against Aviom India Housing Finance

The RBI also appointed Ram Kumar, the former chief general manager of state-run Punjab National Bank as the administrator for Aviom

India braces for warmer Feb, wheat crop, rapeseed output may be at risk

As the world's second biggest wheat producer, India is counting on a bumper harvest in 2025 to avoid costly imports, following three straight years of poor crop yields since 2022

Dr Lal Path Labs Q3FY25 results: Net profit jumps 19% to Rs 96.7 crore

The company's consolidated net profit rose to Rs 96.7 crore ($11.2 million) in the three months to Dec. 31, from Rs 81.3 crore a year earlier, but fell short of analysts' estimate of Rs 97.69 crore

Palestinian militants begin handover of 3 Israeli hostages in latest deal

Three hostages were expected to be taken to three different hospitals in Israel, though that could change depending on their immediate inspection from doctors upon arrival

Banks, importers seen lapping up India central bank's $5 billion FX swap

Central bank will conduct a 6-month dollar/rupee buy-sell swap, one of its many planned measures aimed at injecting liquidity worth about Rs 1.5 trillion ($17.33 billion) into the banking system

Blueleaf Energy to invest $400 mn in Jakson Green's India solar assets

Investment will be made in three solar projects, which are expected to be commissioned in 2025-2026 and will be funded through a combination of debt and equity, the companies said

Nokia Q4 results: Net profit beats estimates, jumps 38%; sales rise 17%

Company said sales at its network Infrastructure business rose 17 per cent due to a strong recovery in demand from communication service providers, notably in North America

Highlighting history: List of deadliest US airline crashes since 2001

Read the list of last 10 deadly airline crashes to occur in the US

Oil prices waver as markets await clarity on Trump's Canada, Mexico tariffs

Investors are also looking ahead to a ministerial meeting by the Organization of the Petroleum Exporting Countries and its allies, together called Opec+, scheduled for Feb 3

Toyota sells 10.8 mn vehicles in 2024, stays world's top-selling automaker

Japanese automaker posted a 3.7 per cent drop in global group unit sales last year, including those of compact car maker Daihatsu and truck unit Hino Motors

Exposed wires may have contributed to LA's Eaton fire, claims law firm

Robertson and experts with his firm captured the images of SCE's equipment by hiking to SCE towers along the ridge of foothills near Altadena and deploying drones earlier this month

Trump officials likely plan to tighten curbs on Nvidia's China sales

Conversations to restrict shipments of those chips to China are in very early stages among Trump officials and the idea has been under consideration

Canada, Mexico can avoid tariffs if they act swiftly: Trump's commerce pick

Lutnick said Trump's Saturday deadline for imposing 25 per cent tariffs on goods from Canada and Mexico was meant to pressure the two countries to stop the flow of fentanyl into the US

Ex-oil market chief criticises IEA, seeks cut in energy transition focus

IEA is under fire from the administration of President Donald Trump for a shift in recent years toward a focus on clean energy policy

Fed guided by economic goals and law, not politics: Jerome Powell

Trump, who frequently criticized Powell and the Fed during his first term, again is testing those limits, saying last week that he'll "demand" immediate interest-rate cuts

Asian stocks mixed, dollar steady as traders consider Fed rate pause

Trump's policies remain a risk for the Fed's policy outlook, and Saturday is likely to see new tariffs slapped on Canada, Mexico and possibly China as well

ECB to cut rates, stay receptive to further easing amid growth concerns

With the euro zone suffering through an industrial recession and weak consumption, the case for a cut is so clear that none of the ECB's 26 policymakers have publicly pushed back