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Yellen says US will 'react strongly' to any currency manipulation

Asked about the potential for the Trump administration to try to weaken the dollar's value through a new version of the 1985 Plaza Accord, Yellen said that the Biden administration believes it's best

Syria's interim PM Bashir vows to rebuild country amid financial crisis

Two senior U.S. congressmen, a Republican and a Democrat, wrote a letter calling for Washington to suspend some sanctions on Syria. The most punishing war-time U.S. sanctions are up for renewal this

Wells Fargo CEO expresses increased confidence in regulatory fixes

The bank is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing problems from its fake-accounts scandal, Reuters reported exclusively

ReNew Energy offered to be taken private in $2.82 bln deal: US SEC filings

That represents an 11.5 per cent premium to the stock's closing price of $6.34 on Nasdaq on Dec. 10. The offer's valuation is based on a total of 398.61 million diluted shares outstanding as of Aug 1

Russia may soon launch another hypersonic missile at Ukraine: Warns US

Putin has claimed that the Oreshnik, or hazel tree, is impossible to intercept and that it has destructive power comparable to that of a nuclear weapon, even when fitted with a conventional warhead

US Supreme Court tosses case involving securities fraud suit against Nvidia

At issue was whether the plaintiffs cleared the heightened legal bar for bringing private securities fraud suits set under a 1995 federal law called the Private Securities Litigation Reform Act that

Opec cuts forecast for oil demand growth in again due to 'challenges'

In a monthly report, OPEC said it expects 2024 global oil demand to rise by 1.61 million barrels per day (bpd), down from 1.82 million bpd last month

Apple integrates OpenAI ChatGPT into devices in latest iOS update

The rollout is part of a wider deployment of artificial intelligence-powered tools in the latest updates to the operating systems for iPhones, iPads and Mac computers

Ukraine's Zelenskyy asks for security guarantees at Paris meet with Trump

Zelenskiy believes Putin fears only Trump and possibly China in the international arena and that any lasting peace would require Washington to be 'truly strong'

Tivolt, Tata Power Renewable partner to boost EV charging infrastructure

Tivolt Electric Vehicles CEO Saju Nair exchanged documents with Tata Power Renewable Energy Ltd's Head of Business Development - EV Charging, Virendra Goyal, at an event

Oil prices rise as China's policy easing stirs demand optimism

Bloomberg News reported on Tuesday that the U.S. government was weighing harsher sanctions against Russia's lucrative oil trade, seeking to tighten the squeeze on the Kremlin's war machine just weeks

10-year bond yield may fall to 6.6% if RBI eases in Feb: ICICI's Prasanna

Prasanna expects a shallow monetary easing cycle of 50 basis points, with a 25-basis-point reduction in February, and a similar one in April or June

Inditex Q3 sales and profit miss estimates; shares drop 5% amid challenges

Inditex reported revenues up 9 per cent in currency-adjusted terms in the six weeks to Dec. 9, which includes key Black Friday sales, slower sales growth than the 14 per cent reported a year ago

Oil prices up on China's monetary policy shift, demand expectations

Chinese crude imports grew annually for the first time in seven months in November, up more than 14 per cent from a year earlier

Chinese authorities may consider a weaker yuan as Trump trade risks loom

Letting the yuan depreciate could make Chinese exports cheaper, thus blunting the impact of tariffs, and creating looser monetary settings in mainland China

Toll rises to 6 from Russian strike on Ukraine's Zaporizhzhia: Official

Ukraine's State Emergency Service of Ukraine said its rescuers were able to pull out two women overnight from underneath the ruins of the building

Verdict on Swiss handling of Credit Suisse meltdown to set tone for UBS

Swiss parliament formed a committee in June last year to probe the official response to the 167-year-old bank's demise

Bank of England set to stay in central bank slow lane, keep rates on hold

BoE has cut Bank Rate only twice from a 16-year peak, helping to make sterling the only currency from the Group of 10 leading economies that has not fallen against the US dollar in 2024

MobiKwik's $67 mn IPO fully sold in first hour as retail investors rush in

Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold

TikTok's Canada unit seeks judicial review of govt's shutdown orders

Chinese-owned social media app requested the court set aside a government order requiring TikTok to wind-up its business in Canada, a filing dated Dec 5 showed