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Renault to invest $379 million to produce new hybrid SUV in Brazil

The model will be produced at the Curitiba Veiculos de Passeio factory, at the Ayrton Senna Industrial Complex in Sao Jose dos Pinhais in the state of Parana in Brazil

Germany remains Europe's top destination for foreign direct investment

Other countries such as Switzerland and France have also noted declines as companies lean towards mergers and acquisitions rather than investments in an uncertain economic environment

Draft text at COP28 shows negotiators considering fossil fuel 'phase out'

The first option in the draft text was listed as "an orderly and just phase out of fossil fuels". The second called for "accelerating efforts towards phasing out unabated fossil fuels

Nepal urges Russia not to recruit its citizens into army; says six killed

The small Himalayan nation, wedged between China and India, has no such agreement with Russia, which invaded neighbouring Ukraine in February 2022 and has been engaged in a war since

US joins several nations in backing COP28 pledge to slash cooling emissions

It's a tough task, given the cooling industry is only expected to grow as temperatures continue to climb

Foxconn cancels first shift at Indian iPhone facility after extreme weather

Foxconn's operations in the facility near the south Indian city of Chennai were likely to resume after the first shift, the sources said

AC companies plan cool designs for warming world, but high costs a hurdle

While cooling technologies can save lives during deadly heat, they also threaten to worsen the climate crisis

Govt bond yields track US peers lower on expectation of political stability

The probability of a rate cut in March is above 66% and traders are near certain of a cut in May, which pushed the US 10-year yield to a three-month low. It was last around 4.25%

Global banks face negative outlook, property stress in 2024: Moody's

Moody's said in its report that it expected money to remain tight next year, lowering economic growth even as central banks are expected to start cutting rates

Warburg Pincus names Vishal Mahadevia as Asia private equity head

Mahadevia, a 17-year veteran of the firm, will remain as co-head of financial services, Warburg Pincus said in a statement

Climate finance in the spotlight at COP28 climate talks to bridge gaps

The amount of cash needed for the energy transition, climate adaptation and disaster relief is overwhelming

Euro zone yields hit multi-month lows as markets increase bets on rate cuts

Euro zone inflation eased to 2.4% in November from 2.9% in October, data showed last week, prompting bets that the ECB will begin cutting interest rates sooner than previously thought

US dollar gains back ground on rate bets; bitcoin breaches $42,000

The dollar index, which tracks the currency against six major peers, rose by 0.59% to 103.71, while the euro was last down 0.61% to $1.0815

Foxconn halts iPhone production at Chennai facility due to heavy rains

Foxconn is yet to decide whether to resume production on Tuesday

Centre plans to tweak iron ore sale price formula in India: Report

"Any reduction in the average sale price of iron ore through unscrupulous means will impact the revenue accruing to the govt on account of auction premium, royalty," the report said citing govt note

India's construction sector levels up as housing demand spurs economy

The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed

India resumes imports of Venezuelan crude oil, Reliance seeks direct deal

Three Indian refiners have bought some 4 million barrels of Venezuelan crude for February delivery at between $7.50 and $8 per barrel below dated Brent on a delivered ex-ship basis, trade sources said

Global regulators seek tougher scrutiny of voluntary carbon markets: Report

IOSCO last year raised the prospect of closer scrutiny of carbon markets when it said it was concerned the quality and double counting of credits left the sector open to fraud

COP28: Top development banks vow to up climate game, quiet on fossil fuels

The group said it would look at activities including removing "distorting" subsidies and developing pipelines of green projects

Hillary Clinton at COP28 climate talks calls for insurance sector reform

Clinton warned that this trend would escalate. "People in the United States, Europe, they're going to wake up and say, 'What do you mean, I can't get insurance?'"