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Gold steadies in thin trade as investors assess Fed policy outlook

The Fed cut rates by 25 basis points on Dec. 18, although the central bank's predictions of fewer rate cuts in 2025 resulted in a decline in gold prices to their lowest level since Nov. 18 last week

What happens if Russian gas transit to Europe via Ukraine is turned off?

Putin said that day that it was clear there would be no new deal with Kyiv to send Russian gas through Ukraine to Europe

How to tax popcorn? FM's formula sparks outrage against GST system

A finance ministry spokesperson, the GST Council Secretariat and a spokesman for the ruling Bharatiya Janata Party did not respond to requests for comment on the controversy

Rupee hits all-time low pressured by weak Yuan, strong dollar bids

The RBI's frequent interventions have supported the rupee in the face of multiple headwinds, including a hawkish shift in the Federal Reserve's outlook for policy rates over 2025, concerns about India

Middle East share of India's Nov oil imports at 9-month high; Russia down

Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow's oil revenue

OpenAI unveils 'o3' reasoning AI models, plans roll out from January 2025

The o3 and o3 mini models, which are in internal safety testing currently, will be more powerful than its previously launched o1 models, said OpenAI

Here's a list of challenges stacked up for the global economy in 2025

In 2024, the world's central banks were finally able to start lowering interest rates after largely winning the battle against inflation without sparking a global recession

Asian stocks rally on account of US inflation relief, Nikkei gains 0.6%

After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of those meetings due

Republicans in US Congress mount third attempt to fund govt, shutdown looms

Republicans might break up elements that had previously been bundled together, according to a source familiar with internal discussions. That could see the House holding separate votes

Russia targets Kyiv in response to Ukrainian strike using US-made weapons

Ukraine's air force said it intercepted five Iskander short-range ballistic missiles fired at the city

Luxury brands bulk up on low-priced products for middle-class shoppers

The companies' renewed focus on more affordable products is meant to appeal to middle-class aspirational customers who are more price sensitive

MPC minutes: External members back rate cut, say inflation hampering growth

They also support a rate cut to avoid the risk of sharp currency appreciation if India does not normalise interest rates when most other global central banks have already embarked on an easing cycle

BPCL buys first crude oil cargo from Argentina for Feb delivery: Reports

The state-run refiner has purchased the 1-million-barrel cargo of Medanito crude for February delivery from European trader Mercuria, the sources said

Shriram Finance targets Rs 5,000 cr AUM for green lending in 3-4 years

Shriram Finance's total AUM was 2.43 trillion rupees as of September end and its green financing portfolio is currently around Rs 6 billion- Rs 7 billion, the company said at a press conference

Zoomcar to launch cab rental product to test demand in larger market

Zoomcar could face stiff competition in a market dominated by well-heeled players like Ola and Uber that primarily offer intra-city ride-hailing services, but also offer cab rentals

Netanyahu eyes Iran after triumphs over Hamas, Hezbollah, and Syria

Without Syria, the alliances Tehran has nurtured for decades have unraveled

India's finished steel imports from China reach all-time high, shows data

Total imports of finished steel were at an eight-year high with India, the world's second-biggest crude steel producer, a net importer during the period

EU deal and Donald Trump tariff threats bolster Mercosur trade talks

Topping the list of Mercosur's most likely new trade pacts next year are deals with the European Free Trade Association of four non-EU nations

Starbucks workers' union to strike in 3 US cities ahead of Christmas rush

Starbucks said it is ready to continue negotiations, claiming the union delegates prematurely ended the bargaining session

Senators urge Biden to grant ByteDance 90-day delay from law requiring sale

The Justice Department had said that as a Chinese company, TikTok poses a national-security threat of immense depth and scale