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India seeks to use global energy challenge as opportunity: Hardeep Puri

G7 nations, including the United States, as well as the European Union and Australia, are planning to implement a likely price cap of $65 to $70 a barrel on sea-borne Russian oil exports from Dec 5

China's single-day Covid tally hits record high with 31,444 new cases

That number broke China's previous record set on April 13, when local cases hit 29,317

Apple supplier Foxconn apologises, offers new hires $1,400 to quit

'We apologize for an input error in the computer system and guarantee that the actual pay is the same as agreed and in the official recruitment posters'

Singapore's gig workers to get work injury and pension coverage

The new rules will affect about 73,000 workers who deliver food or drive passengers for companies such as Grab , Gojek, Deliveroo and Delivery Hero's Foodpanda

LIC hopes to mirror last year's $4.9 bn profit from equity sales: Chairman

LIC is aiming to increase its share of premium or participating policies to 15% in two years from about 9% presently, Kumar said

SBI to consider raising $1.2 billion through infrastructure bonds

The fundraising, if approved, would be through a public issue or private placement during fiscal 2023, the bank added

Cotton exports stall as farmers delay sales hoping for higher prices

The limited supplies are keeping local prices significantly above the global benchmark, making overseas sales unviable from the world's biggest producer of the fibre

Dubai-based Coral Energy turns focus to Asia, halts trade in Russian crude

he trading house emerged as one of the key suppliers of Russian crudes to Asia after some western entities shunned purchase of Russian oil

Gold prices bounce back above key level as Fed signals slower rate hikes

Lower rates tend to lift the appeal for bullion in comparison with other interest-bearing assets

Asian shares higher on signs of Fed rate hike slowdown, China stimulus

Asian shares tracked Wall Street higher on Thursday, buoyed by signals the US Federal Reserve may slow the pace of interest rate hikes and news of fresh economic stimulus from China

Dollar slips as risk sentiment improves among investors after Fed minutes

The US dollar was broadly weaker on Thursday as investors, encouraged prospect of a slower pace of interest rate hikes from the federal reserve, placed bets on riskier assets

Proposed G7 oil price cap to have little immediate impact on Russia

G7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues

Credit Suisse expects pre-tax loss of up to 1.5 billion Sfr in Q4

The profit warning is a blow for the bank which had previously said it expected to make a net loss during the last three months of the year but did not give a figure

India's cotton exports stall as farmers delay sales for higher prices

Indian traders are struggling to export cotton despite higher production as farmers are delaying sale of their harvest hoping for higher prices in coming months

Oil prices rise to near $90/bbl on account of US crude stock drop

Brent crude futures rose $1.03, or 1.17%, to $89.39 a barrel at 0941 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.06%, to $81.81 a barrel

China widens Covid curbs, Apple factory unrest adds to economy worries

In Beijing, malls and parks were shut and once-bustling areas of the capital resembled ghost towns as authorities urged people to stay home

Gautam Adani's mega port hangs in balance as fishing community protests

For Adani, the world's third-richest person according to Forbes, it's a high-stakes impasse with no apparent easy solution

Dollar steady as investors weigh their risk appetite ahead of Fed minutes

The Fed on Wednesday will release the minutes from its most recent meeting

Asia share markets gain despite Chinese Covid case numbers rising

Asian share markets were mostly in positive territory on Wednesday despite rising Covid cases in China

Gold prices flat as market awaits Fed minutes for rate-hike path

Spot gold was flat at $1,739.90 per ounce by 0121 GMT