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Bitcoin hits record $81,000 on Trump's win and pro-crypto congress hopes

The effort succeeded last week, with many of the industry's chosen candidates winning their races, potentially ushering in a Congress poised to champion crypto

Retail inflation to touch 14-month high in Oct as food prices surge: Poll

Core inflation, which excludes volatile items such as food and energy and is seen as a better gauge of domestic demand, was forecast to be 3.60 per cent in October, according to the median estimate

Asian stocks slide as China stimulus disappoints; bitcoin extends rally

Japan's Nikkei fell 0.3 per cent. South Korea's Kospi lost 0.9 per cent and Taiwan's benchmark slipped 0.7 per cent

US ordered TSMC to halt shipments of chips used in AI to China: Report

The U.S. order, which is being reported for the first time, comes just weeks after TSMC notified the Commerce Department that one of its chips had been found in a Huawei AI processor

Toyota to ramp up China production to bring sales, production more closer

The plan, which has not been previously reported, represents a strategic pivot by the world's top selling automaker in the world's largest car market

Global oil prices would have soared if we hadn't imported from Russia: Puri

New Delhi has repeatedly defended its purchases from Russia as necessary to keep prices in check

Oil falls over 2% on receding US hurricane risk, lackluster China stimulus

Energy producers shut in more than 22 per centof oil output in the US Gulf of Mexico by Thursday as a precautionary measure to brace against Hurricane Rafael

Adani Power further cuts Bangladesh power supply over payment dispute

Late on Thursday, supply was further reduced to about 520 MW, according to Power Grid Bangladesh data and an official with the Bangladesh Power Development Board (BPDB)

Forex reserves slide for fifth week to more than 2-month low at $682 bn

Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves

COP29 climate agenda clouded by global trade tensions ahead of summit

Delegates at the conference must adopt the summit agenda by consensus as their first task when the COP29 talks begin on Nov. 11 in Baku, Azerbaijan

Incumbent WTO head Iweala lone contender for top job in Trump era 2.0

During his first term, Trump paralysed WTO's top adjudications court by blocking judge appointments - a status that continues today - and announced tariffs on U.S. imports of steel and aluminum

Dollar on track for weekly gain after Trump presidential election victory

Analysts expect Trump's policy proposals -- including more trade tariffs, a clampdown on illegal immigration, lower taxes and business deregulation -- to boost growth and inflation

US markets set for best week this year on Trump win, interest rate cut

Expectations of lower corporate taxes and looser regulations under Republican Donald Trump helped the S&P 500 and Dow notch intraday record highs for the third straight session

Crude oil prices fall more than 1% as hurricane Rafael risk recedes

Brent crude oil futures lost 93 cents, or 1.23%, to $74.70 a barrel by 1415 GMT. U.S. West Texas Intermediate (WTI) crude was down $1.05, or 1.45%, at $71.31

Ola Electric Q2 results: Loss narrows to Rs 495 crore as sales jump

The Bengaluru-based company said its consolidated loss narrowed to Rs 495 crore ($58.7 million) in the July-September quarter from Rs 524 crore a year earlieR

European banking industry braces for tougher competition under Trump 2.0

JPMorgan, Goldman Sachs and Morgan Stanley shares all soared while the STOXX Europe 600 Banks index is down more than 1% for the week

US banks to gain from looser capital, merger policies under Trump admin

The President-elect's picks are likely to further dilute the contentious Basel III endgame proposal aimed at requiring big lenders to hold more capital to safeguard against soured loans

Inflation in India to rise further to 5.81% on rising food costs: Poll

Annual retail inflation as measured by the CPI likely rose a second straight month to 5.81% in October, the highest since August 2023, says Reuters poll

RIL lobbies for India satellite spectrum auction in clash with Starlink

Billionaire Ambani runs India's biggest telecom company, Reliance Jio. Analysts say a spectrum auction, requiring much more investment, would likely deter foreign rivals

India's rice inventories hit record high at 29.7 MMT, triples govt target

Rice reserves in state granaries totalled 29.7 million tons at the start of this month, up 48.5% from a year ago, said the sources who did not wish to be named in line with official rules