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Oil prices stabilise as soaring dollar offset by US output outages

Brent crude futures were up 5 cents, or 0.06%, at $86.32 per barrel by 0937 GMT, while U.S. West Texas Intermediate crude futures were down 9 cents, or 0.1%, at $78.41 per barrel

India FX reserves set to shrink further, stir memories of 2008 crisis: Poll

Those reserves are forecast to fall another $23 bn to $523 bn by the end of this year, according to the median forecast from a Sept. 26-27 Reuters poll of 16 economists

Gold slides to lowest since April 2020 as US dollar, yields climb

Spot gold fell 0.6% to $1,619.79 per ounce, as of 0854 GMT. U.S. gold futures slipped 0.5% to $1,627.60

Pound whipsaws after Bank of England steps in to prop up gilts

The Bank said it will carry out temporary purchases of bonds and postpone the planned start of its gilt sale programme

Rupee posts another new low against US dollar, but fares better than peers

The rupee's decline on Wednesday was less than that of other major Asian currencies, likely thanks to the RBI's intervention

HPCL-Mittal Energy to start 100,000-tpy bio-ethanol plant in 2023

HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emission

Hawkish Fed may prompt Reserve Bank to deliver a 50-basis-point hike

The RBI's monetary policy committee (MPC) has already hiked the key policy rate by 140 bps since May to 5.4%

JSW Energy plans to raise $30.60 million through 3-year bonds: Report

India's JSW Energy plans to raise 2.50 billion rupees ($30.60 million) through sale of bonds maturing in three years, three merchant bankers said on Wednesday

Dollar scales to two-decade high, sterling sees drop on tax cut concerns

Meanwhile, benchmark US 10-year Treasury yields rose to 4% for the first time since 2010, topping at 4.004%. The two-year yields stood at 4.2912%

Jaguar Land Rover to train 29,000 workers, dealers for EV transition

Jaguar Land Rover said it would retrain thousands of highly skilled automotive engineers and production employees, who previously worked on the development of internal combustion cars

Oil rises 2% from nine-month lows on US Gulf output cuts, supply outlook

Prices also drew support from analyst expectations of possible supply cuts from the Organization of the Petroleum Exporting Countries and allies (OPEC+)

Axis Bank looks to buy near 10% stake in Go Digit Life Insurance

The development underscores private lenders' growing interest in India's lucrative and largely untapped insurance sector

Goldman cuts 2023 oil price forecast due to weakening demand outlook

Goldman's commodities research division lowered the forecast for next year by $17.5 per barrel on average, even as it saw a seasonally adjusted global oil market deficit in Q4 of 2022 and in 2023

Options activity hints US stock market has not reached bottom: Barclays

With the S&P 500 marking a fresh bear market low on Tuesday, down 24% for the year, traders and investors are searching for clues as to when the market may bottom out

Wall Street deep in bear market as S&P 500 hits new two-year low

S&P 500 hits lowest since Nov. 2020; rate-sensitive tech, growth stocks give back gains; energy stocks among rare gainers

Gas leaks from Russian pipelines to Europe raise sabotage fears: Report

But it remained far from clear who might be behind any foul play, if proven, on the Nord Stream pipelines that Russia with European partners spent billions of dollars building.

Piramal Finance MD sees no slowdown in credit growth despite rising rates

The company typically draws its customers from the self-employed category with a monthly take-home income of anywhere between 15,000 rupees ($183.99) to 60,000 rupees

Elon Musk's deposition in Twitter litigation rescheduled for Oct 6-7

The two sides are conducting dozens of depositions and reviewing thousands of documents and communications in preparation for the five-day trial starting Oct. 17 in Wilmington, Delaware

Embattled emerging markets face fresh pain from US Fed rate hikes

That's a sharp and swift change from just 12 months ago, when Fed forecasters predicted no rate hikes in 2023

Europe suspects sabotage as mystery gas leaks hit Russian pipelines

Poland's PM said the leaks were caused by sabotage, while Denmark's prime minister and Russia, which slashed its gas deliveries to Europe after Western sanctions, said it could not be ruled out