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Reserve Bank likely conducting dollar-rupee swaps to support currency

The currency has largely remained under pressure over the last two months on the back of heightened foreign portfolio outflows and a wave of dollar strength sparked by the Donald Trump's victory

Indian steel mills struggle as cheap Chinese imports flood the market

At small and medium-sized mills, which account for 41 per cent of India's total steel output and employ more than 1.5 million people, capacity utilisation has dropped by nearly a third over the past

Trump mulls replacing Pete Hegseth with Ron DeSantis for Pentagon, says WSJ

DeSantis, who lost his bid for the Republican presidential nomination to Trump, was on an earlier list of potential defense secretary candidates but Trump decided to go with Hegseth, the Journal

Trump's plan for Ukraine in focus: Territorial concessions, Nato off table

Trump repeatedly pledged during his election campaign to end the nearly three-year-old conflict within 24 hours of his Jan. 20 inauguration, if not before then, but has yet to say how

StanChart aims $200 bn in new wealth assets, eyes Chinese, Indian clients

The bank sees good growth opportunities particularly as clients look to move businesses out of China

'Trump trade' twists can adversely affect EM investors as dollar drags down

Since the third week of September, the US dollar has strengthened 4.0 per cent against a basket of EM currencies

China's industries warn US chips no longer safe amid rising trade tensions

China and the US have targeted each other's economies in the last few days, escalating tensions even before US President-elect Donald Trump returns to the White House in January

Marvell forecasts Q4 revenue above estimates due to AI chip demand

Marvell's shares have risen nearly 60% this year as Wall Street has bet heavily on soaring demand for advanced chips that can support the complex processing needs of genAI

Sizzling valuations no bar for Asia data centre deals as AI growth beckons

Many industry executives say the regional data centres will continue to command high valuations due to the nascent nature of the industry

Barclays reaches $19.5 mn settlement over $17.7 bn debt sale blunder

A preliminary settlement of the proposed class action was filed on Tuesday in Manhattan federal court

China's services activity expansion eases in November, shows PMI data

The Caixin/S&P Global services purchasing managers' index (PMI), released on Wednesday, fell to 51.5 from 52.0 in October

Qatar to invest $1.3 bn in climate tech in Britain, Rolls-Royce to benefit

The announcement was made during a two-day state visit to Britain by Qatar's emir, Sheikh Tamim bin Hamad Al Thani

South Korea rushes to stabilise markets after Prez Yoon's martial law bid

The BOK said it will start special repo operations from Wednesday for local financial institutions to support smooth market functioning

AT&T expects over $18 bn in cash flow in 2027, driven by 5G, fiber services

Shares of the company rose more than 4 per cent during the session to their highest level since May 2021

Biden govt not to finalise guidelines on new clean fuel tax credit

Ethanol producers in particular are hoping sustainable aviation fuels will provide market growth

Pernod Ricard denies breaching Indian law, internal probe claims violation

PRI lobbied New Delhi officials in favour of a 2021 law that allowed private retailers to run liquor shops

Asian stocks fall amid volatility as South Korea faces political turmoil

The benchmark KOSPI index was down nearly 2 per cent, taking its year-to-date losses to over 7 per cent

South Korean President Yoon Suk Yeol declares emergency martial law

He did not cite any specific threat from the nuclear-armed North, however, instead focusing on his domestic political opponents

Russia approves $320 million management buyout of Carlsberg assets

Carlsberg, whose shares fell 1.3% in late morning trading, said it would receive a cash consideration, as well as Baltika Breweries' shareholdings in Carlsberg Azerbaijan and Carlsberg Kazakhstan

AT&T targets $18 bn in free cash flow by 2027, driven by 5G, fiber growth

The wireless carrier aims to double its fiber internet availability and enhance its 5G network, offering customers bundled discounts on high-speed fiber data and wireless phone services