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India's worst period of macro instability possibly over: Morgan Stanley

India's worst period of macro instability is possibly over, and both consumer inflation and trade deficit are expected to moderate albeit gradually, Morgan Stanley said

Maruti Suzuki aims to win over SUV buyers with enhanced version of Alto

India's biggest carmaker hopes to arrest this trend by targeting young buyers in large cities with its new Alto which is bigger than its predecessor

70 firefighters deployed after fire in London railway arch stops trains

Footage tweeted by the fire brigade showed large plumes of smoke coming from under the railway arch, which it said was "completely alight"

Coca-Cola and McDonald's left Russia, but their brands stayed behind

Companies pulled back from Russia this spring after Moscow sent thousands of troops into Ukraine, in response to investor and public pressure

China's Tencent reports first-ever drop in revenue as economy sinks

Revenue from online games decreased both at home and abroad by 1%

In two China cities, civil servants told to help clear unsold homes

Sixian, a small city in the eastern province of Anhui, has required civil servants to sell property to their friends and family, the Chinese financial media outlet Yicai reported on Wednesday

Wall Street falls as growth stocks slide, Target weighs on retail shares

US retail sales flat in July; core sales rise; retailer Target's quarterly profit slumps

Oil slips to six-month low as fears over global recession weigh

Oil fell on Wednesday to a 6 month low after a brief respite as concerns about the prospect of recession that would weaken demand overshadowed a report showing lower US crude & gasoline stocks

Indian ship used to move Russia-linked fuel to New York: US tells India

The US Treasury Dept told India that an Indian ship picked up oil from a Russian tanker on the high seas and brought it to a port in Gujarat, said RBI Deputy Governor Michael Patra

Rupee posts biggest intraday gain in over a week as equities rally

The Indian rupee closed higher on Wednesday marking its biggest single-day gain in more than one week spurred by dollar inflows, as improved risk appetite drove a rally in equities.

Gold struggles for direction with firmer dollar, Fed minutes on the radar

Gold prices were little changed on Wednesday, with gains curbed by a firmer dollar, while investors braced for any guidance on future US interest rate hikes from the minutes of the Federal Reserve's

Apple suppliers to make Apple Watch and MacBook in Vietnam : Nikkei

Apple Inc's suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter

Investment demand to lift India's silver imports to record high level

Higher demand in India, the world's biggest silver consumer, could support global prices

Indian ship used to reroute Russian-linked fuel to New York: US tells India

US sanctions on Russia for its February invasion of Ukraine prohibit imports to the United States of Russian-origin energy products including crude oil, refined fuels, distillates, coal and gas

Gold flat as investors await cues on interest rate hikes from Fed minutes

Gold prices were flat today, as investors awaited the release of the minutes of the U.S. Federal Reserve's last policy meeting later in the day that could offer clues on further interest rate hikes.

Oil prices recover from 6-month lows following drop in US stockpiles

Oil prices rose, recovering from 6-month lows, as a larger-than-expected drop in US oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by recession prospects.

Rupee seen stronger tracking oil price fall; US yields may cap gains

The rupee, which is set to resume trade after a four-day weekend, is seen opening at 79.25-79.30 per dollar, up from 79.6550 on Friday

Oil prices fall below $94 a barrel, awaits news of Iran nuclear deal

Brent crude futures fell $2.27, or 2.4%, to $92.83 a barrel. The contract hit a session low of $92.51 per barrel, the lowest since Feb. 18

Blasts at Russian base in Crimea suggest Ukrainian fightback

Ammunition store explodes in latest Crimea blasts; Ukraine hints at role, suggesting greater strike capacity; Russia reports more shelling near nuclear plant; food aid leaves Ukrainian port for Africa

India buys discounted Venezuelan petroleum coke to replace coal: Report

India's growing appetite for Venezuela's petcoke - a byproduct from oil upgrading and an alternative to coal - is being driven by a scramble for inexpensive fuel to power industries