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IMF warns of higher recession risk and darker global outlook in 2023

IMF MD said the outlook for the global economy was darkening given the shocks caused by the Covid pandemic, Russia's invasion of Ukraine and climate disasters on all continents

Scrutiniser of self, Annie Ernaux beats long path to Nobel literature prize

Her debut novel was Les Armoires Vides in 1974 but she gained international recognition following the publication of Les Annees in 2008, translated into The Years in 2017

Nykaa, Dubai's Apparel Group forge GCC alliance to build multi-beauty brand

Indian cosmetics and fashion retailer Nykaa on Thursday entered a strategic alliance with Dubai-based fashion and lifestyle retail conglomerate Apparel Group to expand in Gulf countries

Twitter slips as investors await funding details on Musk's $44-bn deal

Shares of the microblogging site were down marginally at $51.12, after rising 20% since Musk this week proposed to go ahead with the April bid of $54.20 per share to take Twitter private

Goldman raises oil price forecasts on 'very bullish' OPEC-plus cuts

If latest reduction in output by OPEC+ is sustained through Dec 2023, it would amount to $25 per barrel upside to their Brent forecast, Goldman Sachs said in a note

Oil prices near three-week high on cuts to OPEC+ output targets

Brent crude futures gained 15 cents, or 0.2%, to $93.52 per barrel by 1340 GMT after settling 1.7% up in the previous session.

Karnataka HC declines relief to Xiaomi over Rs 5,551-cr asset freeze

The Enforcement Directorate froze Rs 5,551 crore of Xiaomi assets in April, alleging the company made illegal remittances to foreign entities by passing them off as royalty payments

Dabur India flags up to 200 bps margin hit in Q2 as inflation bites

Dabur's consolidated revenue grew 8.1% in the June-quarter, with an operating margin of 19.62%

Dollar wavers with ECB minutes and Friday's US jobs data in focus

Sterling gained 0.35% to $1.1359, and the dollar also slipped 0.5% against the Swiss franc to 0.9791 francs

India's Edelweiss AM says repo rate may hit 6.75% on inflation woes

RBI may have to hike the repo rate to 6.75% as inflation remains a threat, lingering above the central bank's target range for the remainder of the year, the head of fixed income at Edelweiss AM said

Honda to cut car output by 40% at two Japanese plants in October

Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants for the rest of October from its earlier plans

Services PMI at 54.3 in Sep; slowest expansion in 6 months amid weak demand

Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid high inflation

Oil extends gains to three-week high as OPEC+ agrees to slash crude output

Oil prices rose for a fourth session on Thursday, with Brent at a three-week high, after OPEC+ agreed to further tighten global crude supply

Musk, Twitter may reach deal to end court battle as early as Wed: Report

Musk, the world's richest person, proposed to Twitter he would change course and abide by his April agreement to buy the company for $54.20 per share if Twitter dropped its litigation against him

Cutting taxes the right thing to do, both morally and economically: UK PM

''Will make difficult but necessary choices for economic growth''

Oil rises to 3-week high as OPEC+ agrees to deep cuts, US stockpiles fall

Prices also rose on US government data that showed crude and fuel inventories fell last week

US stocks fall after two-day winning spree; Dow Jones, Nasdaq slip over 1%

The yield on benchmark 10-year Treasuries, had surged to 3.7408 per cent

Wall Street slides as rising Treasury yields snuff out stock rally

Twitter eases from one-year high, Tesla falls 5%; Rate-sensitive technology and related stocks like Nvidia Corp, Amazon.com, Apple Inc and Alphabet Inc fell between 1.8% and 4%

Nobel Prize 2022 goes to pioneers of Lego-like 'click chemistry'

Danish winner Medal described click chemistry as a way to build complex structures and link them as if they were pieces of Lego, the plastic construction toy

US Dollar rebounds as investors heed hawkish reminder from New Zealand

The dollar index was last up 0.54% to 110.77, after tumbling 1.3% on Tuesday