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After feverish week, global investors lick wounds; brace for more chaos

Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation

Oil India sees 'healthy' profit in September qtr despite windfall tax

Oil India Ltd is expecting a "healthy profit" for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India's state-run oil producer, said

Roger Federer's trophy-laden career ends in defeat at London's O2 Arena

It was surely unthinkable that Roger Federer's trophy-laden career would end with a defeat but that is what transpired as the 41-year-old Swiss maestro lost alongside Rafa Nadal on an emotional night

Oil plunges to 8-months low on strong dollar, looming recession fears

Oil prices plunged about 5% to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession

Byju's pays $234 mn to Blackstone Inc related to Aakash deal: Report

India's Byju's has paid 19 billion rupees ($234 million) to Blackstone Inc, settling its dues owed to the private-equity firm as part of a $950 million deal to buy Aakash Educational

Blackstone to sell $400 mn stake in REIT Embassy, ADIA eyes investment

Abu Dhabi's sovereign wealth fund, one of the world's largest, is likely to pick up at least half of the stake that Blackstone is to sell, one of the sources said

Gold prices hit two-year low on dollar strength, Fed rate concerns

Spot gold was down 1.7% at $1,642.79 per ounce by 1058 GMT and was heading for its second straight weekly decline, down 1.8%. U.S. gold futures GCv1 fell 0.5% to $1,672.10.

Euro zone likely entering recession as price rises hit demand: Survey

Overall demand in the euro zone fell to its lowest since November 2020, when the continent was suffering a second wave of Covid-19 infections

Britain sends investors fleeing with historic tax cuts and borrowing

Pound slides below $1.11 for first time in 37 years

Euro, sterling plunge on dour business activity data, UK mini-budget

Sterling was set for its biggest weekly decline against the U.S. dollar in two years after it touched a fresh 37-year low of $1.1022. The pound was last down 1.9% at $1.1049.

India's forex reserves fall by $5.22 bn to near two-year low: RBI data

India's foreign exchange reserves fell for a seventh straight week, dropping to $545.652 bn in the week to Sept 16, its lowest level since Oct. 2, 2020

Indian Oil plans Panipat refinery maintenance, to revamp naphtha cracker

The cracker annually consumes about 2.3 million tonnes of naphtha and produces 857,000 tonnes of ethylene

Armenia accuses Azerbaijan's armed forces of violating ceasefire agreement

Armenia's defence ministry on Friday accused Azerbaijan's armed forces of opening fire on Armenian positions, in violation of a ceasefire agreement, the ministry said in a post on social media

India OIS curve may steepen on overcooked rate hike bets: BofA Securities

BofA expects the Reserve Bank of India to raise rates by 25-35 basis on Sept. 30 and reckons the policy rate will reach 6.5% by end-2023, much later than what some investors are expecting

Instagram resolves issues that caused brief outage, disruption on platform

Several users took to Twitter to share updates and memes about the service disruption

India's Russian thermal coal imports set to fall for first time in 4 months

Indian consultancy Coalmint expects September thermal coal imports from Russia to decline 30% from August to 1.4 million tonnes

Yen soars after Japan intervenes in forex market for first time since 1998

The Japanese yen soared across the board on Thursday after monetary authorities intervened in the foreign exchange market to boost the battered currency

Russia defends war in Ukraine as US, others call for accountability at UN

Russian Foreign Minister Sergei Lavrov accused Ukraine of creating threats against Russian security and 'brazenly trampling' the rights of Russians and Russian-speakers in Ukraine

Tech, financial stocks drag Wall Street lower as growth concerns mount

Nine of the 11 major S&P sectors declined, led by a drop of 2% in consumer discretionary and 1.5% in financial stocks; Eli Lilly up on FDA approval for cancer drug

Russian call-up sparks exodus by some men as air fares soar

President Vladimir Putin on Wednesday ordered Russia's first mobilisation since World War Two and backed a plan to annex swathes of Ukraine