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Oil prices rise after nine-month lows as focus shifts to OPEC+ supply cuts

Analysts believe further sell offs in oil markets could see OPEC+ intervene to support prices by collectively reducing their output

Wall Street extends declines on recession worries; Dow falls over 300 pts

Tech, consumer discretionary pare back gains; casino stocks jump as Macau allows tour groups after nearly 3 years

Bank of England eyes market turmoil, says 'will not hesitate' to act

Finance minister Kwasi Kwarteng sent sterling and govt bonds into freefall with a so-called mini-budget that was designed to grow the economy by funding tax cuts with huge increases in govt borrowing

Porsche IPO poised to price at top end of range, say bookrunners

Volkswagen, Europe's largest carmaker and Porsche's owner, said earlier this month it would price preferred shares at 76.50-82.50 euros, giving a valuation of up to 75 bn euros

Burberry's Julie Brown is GSK's first ever female CFO, says report

Brown, also 60, will join GSK in April and take up the job in May. She has extensive experience in the health and pharmaceutical industry.

Unilever CEO to quit at 2023-end as investors question credibility

The move was met with disapproval from shareholders, some of whom also criticised Unilever for prioritising sustainability over core growth

Sterling tumbles nearly 5% to all-time low on tax reforms, shows data

The currency dived as much as 4.85 per cent to an unprecedented $1.0327, extending a 3.61 per cent dive from Friday, when finance minister Kwasi Kwarteng unleashed historic tax cuts

Oil prices hit nine-month low on recession fears, US dollar surge

Brent crude futures for November settlement slipped by 82 cents, or 1%, to $85.33 a barrel at 1110 GMT. The contract fell as low as $84.51, the lowest since Jan 14

India's push for homegrown navigation system jolts smartphone giants

In line with Prime Minister Narendra Modi's drive for self-reliance, India has over the years expanded the use of its regional navigation satellite system called NavIC

Google's India policy head Archana Gulati resigns, says report

At Google, Gulati led a team of public policy executives who look at various regulatory implications for the company in India, one of its key growth markets

Fisker to sell electric SUV in India with view to local production

Sales of electric cars in India will gather pace by 2025-26, Henrik Fisker said and added that the company wants to secure a first-mover advantage

Kremlin says no decisions taken on border closure amid mobilisation

In a call with reporters, Kremlin spokesman Dmitry Peskov also acknowledged that some call-ups had been issued in error, and that mistakes would be corrected

Rupee closes at new low against US dollar amid risk-off mood

The dollar index traded above 113-levels for the first time since 2002 as deep tax cuts in the UK sent the sterling to a record low

Gold steadies as dollar rally pauses, but Fed rate-hike fears prevail

Spot gold was little changed at $1,645.47 per ounce as of 0724 GMT. Prices fell as much as 1% earlier in the session to hit $1,626.41, their lowest level since April 2020

Pound plunge the latest ill omen as stock markets down across the world

The pound plunged nearly 5% at one point in Asia trade to break below 1985 lows and hit $1.0327. Moves were exacerbated by thinner liquidity in the Asia session

Indian rupee may sink to 82.50 against towering dollar, funding gap: IDFC

The Indian rupee could decline to 82.50 against the dollar by March, driven by the greenback's surge and the country's balance of payment deficit, IDFC First Bank said in a research note

Sterling collapses, pound plunged nearly 5% as investors fly into dollars

Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain's plan to borrow its way out of trouble

Gold hits 2-1/2-year low weighed down by sturdy dollar, Fed rate hike

Gold prices fell to a new 2-1/2-year low on Monday, weighed down by a sturdy dollar and prospects of further interest rate hikes by the U.S. Federal Reserve to bring down inflation.

British PM Liz Truss may lift immigration cap to fight labour shortage

Plans to introduce more tax cuts next year as part of first full Budget

China EV maker Leapmotor set to raise $800 mn in Hong Kong IPO: Report

While that is less than the $1.03 bn the EV maker had said it was aiming to raise in its regulatory filings last week, the IPO would still be Hong Kong's largest this year