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New York and Singapore have emerged as the joint-most expensive cities to live in, according to a new worldwide survey. The cost of living in 172 of the world’s major cities rocketed an average 8.1% over the past year, driven by factors including the war in Ukraine and supply-chain snarls, according to the Economist Intelligence Unit’s Worldwide Cost of Living report. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/VvNfZa4

Asian stocks extended a global rally Thursday and the dollar fell after Federal Reserve boss Jerome Powell flagged a slowdown in the pace of interest rate hikes and China opened the way for a softer approach to fighting Covid. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QvS7bAI

"I'm deeply sorry about what happened," Former FTX chief executive Sam Bankman-Fried said. "Clearly I made a lot of mistakes or things I would be able to give anything to be able to do over again." from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hx6wTYG

The Federal Reserve could scale back the pace of its interest rate hikes "as soon as December," Fed Chair Jerome Powell said on Wednesday, while cautioning the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jVefQMH

IT major Tata Consultancy Services on Wednesday said that it has bagged a deal from Rail Delivery Group to design, develop, implement, and operate the UK's Rail Data Marketplace. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oKY9I5Q

Union Budget 2023: Finance Minister Nirmala Sitharaman is well-placed to adhere to the budgeted fiscal deficit level of 6.4% of GDP, says EY. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZG4H7z9

Vikram Kirloskar, one of the country’s leading businessmen who is credited with getting Japanese auto giant Toyota to India, is no more. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MZLxEhV

The data would elaborate on the expansion of different sectors like agriculture and manufacturing in the first quarter of this financial year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fuQXO8J

The rupee was trading higher against the US dollar on Wednesday, in tandem with other Asian currencies that managed to add to their advance in the previous session. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UbJ3uGB

Led by local brands, highly affordable products and festive demand, India emerged as the biggest smartwatch market in the world, ahead of North America and China, in the third quarter of this year. The leadership assumes significance as the brands contributing to the surge are mostly local ones, quite unlike the situation in smartphones where Chinese companies dominate. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/u7jdQZI

S&P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the Russia-Ukraine conflict, a lingering Covid-19 pandemic and tight monetary policy conditions. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ec0tfqE

Bullion prices fell about 1% in the previous session after hawkish comments from US Federal Reserve officials. Fed Presidents James Bullard and John Williams said there was a long way to go to fight inflation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/puBU6FG

Indian government bond yields were higher in the early session on Tuesday, as a recovery in oil prices and a fresh supply from state debt sale lead traders to cut bond holdings. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ftl5ETq

At the interbank foreign exchange, the domestic unit opened strong at 81.58 against the dollar, then inched lower to quote at 81.60, registering a rise of 8 paise over its previous close. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nVY3kr5

BlockFi was founded in 2017 by Prince, currently the company's chief executive officer, and Flori Marquez. Though headquartered in Jersey City, BlockFi also has offices in New York, Singapore, Poland and Argentina, according to its website. The filing in a New Jersey court comes as crypto prices have plummeted. The price of bitcoin is down more than 70% from a 2021 peak. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZGM86B5

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There is more bad news on the trade front as exports are expected to slow down further in the second half of 2022 and remain subdued in 2023 due to several related shocks, including the war in Ukraine, high energy prices, inflation, and monetary tightening in major economies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ou94BOU

Pakistan and the IMF have begun talks online on a ninth review of a $7 billion loan programme, the Finance Ministry said on Monday, after a media outlet reported that the lender had asked the country to cut its expenses. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZkeJawO

India's wholesale and retail inflation fell in October after remaining high for most part of the year mainly due to supply chain disruptions following the outbreak of the Russia-Ukraine war in February. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vYwEy8H

Yields opened down mainly due to a fall in oil prices but will move in a narrow range through the session, Shrisha Acharya, a fixed income dealer at Mumbai-based DCB Bank said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zKR5Mg4

At the interbank foreign exchange, the domestic unit opened weak at 81.81 against the dollar, then gained some ground to quote 81.77, registering a decline of 6 paise over its previous close. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZRe8xwC

Stocks and oil prices sank Monday on concerns about protests across China calling for political freedoms and an end to the government's hardline zero-Covid policy, fuelling uncertainty in the world's number-two economy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SDOTNXy

The pandemic has taken a backseat. The world is travelling again. Booking. com’s Asia-Pacific MD Laura Houldsworth outlines the firm’s plans in an interview with TOI in Melbourne. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rFUshqG

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Douglas W Diamond, winner of this year's Nobel Memorial Prize in Economic Sciences, says it is difficult to predict exchange rates but the rupee should stabilise once the US "reduces the speed of its rate increases". from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Pc3mTVS

Rising expectations of aggressive rate hike cycles nearing an end on relatively easing inflationary curve, better than expected US macroeconomics data and resilience of the Indian economy compared to global counterparts are also driving FPI inflows. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6D9JPmI

Gold imports, which have a bearing on the current account deficit, declined 17.38% to about $24 billion during April-October due to fall in demand, according to the data of the commerce ministry. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Pl5Groy

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Paytm said there were no material observations from RBI and the move has no material impact on its business and revenues since the communication from the central bank is applicable only to onboarding of new online merchants. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/m3Jj7Nb

The government is likely to announce another 300-400 Vande Bharat (VB) trains in the next Budget. The railways is also targetting to manufacture the first "standard gauge" (SG) version of this semi-high-speed train in the next one year, which will pave way for its export to markets in Europe, South America and east Asia by 2025-26. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lMtJoFw

Further, the industry body requested that pass-through character permitted to AIFs should be across incomes, losses and expenses instead of restricting it to only incomes/losses. "We (AIFs) are perhaps the only asset class where expenses are not tax deductible, and it is fair to re-evaluate that," Gopal Srinivasan, founder, TVS Capital and senior board member, IVCA, told TOI. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GV9uafY

The five-member Federal Communications Commission said Friday it has voted unanimously to adopt new rules that will block the importation or sale of certain technology products that pose security risks to US critical infrastructure. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GqSRc5v

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Benchmark sensex and Nifty advanced further to settle at record highs for the second day in a row on Friday, helped by intense buying in index majors Reliance Industries, Wipro and Maruti. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yx2jIL1

India, the world's third biggest oil import, hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, oil minister Hardeep Singh Puri said on Thursday, a day after the European Union failed to agree on a Russian oil price cap. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CKewVzO

Twitter's decision to shut down its Brussels office and the laying off of thousands of employees are drawing concerns on whether the company can comply with new tough European Union rules against illegal online content, EU justice chief Didier Reynders said on Thursday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xhzEYJM

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Amnesty begins next week," Elon Musk tweeted, responding to the poll. "Vox Populi, Vox Dei," he added, repeating a Latin adage meaning "The voice of the people is the voice of God," that he has used when talking about other Twitter polls. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8u0ZgXI

Apple's major supplier Foxconn said on Thursday a "technical error" occurred when hiring new recruits at a Covid-hit iPhone factory in China and apologised to workers after the company was rocked by fresh labour unrest. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6RA8Niw

Tata Consumer Products Limited (TPCL) is all set to acquire Bisleri International, the Economic Times reported on Thursday, citing the packaged water maker's chairman Ramesh Chauhan. The deal is estimated to be somewhere in the range of Rs 6,000 crore to Rs 7,000 crore, the report said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Fbvwy20

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“The businesses Adani is incubating and operating in -- ports, airports, rail, logistics -- they are real businesses that generate cash,” Vikas Pershad, a Singapore-based fund manager at M&G, said in an interview. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lDfydBv

The simple 1,200 square-feet structure with a corrugated-iron roof has since August stood in the way of ambitions for the country's first container transhipment port - a $900 million project that seeks to plug into the lucrative shipping trade flowing between juggernaut manufacturers in the East and wealthy consumer markets in the West. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DQ8NrFj

Hundreds of workers at Apple main iPhone-making plant in China clashed with security personnel, as tensions boiled over after almost a month under tough restrictions intended to quash a Covid outbreak. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/h5HAiZm

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The Dow Jones Industrial Average rose 397.82 points, or 1.18%, to 34,098.1, the S&P 500 gained 53.64 points, or 1.36%, to 4,003.58 and the Nasdaq Composite added 149.90 points, or 1.36%, to 11,174.41. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yTQd26R

The interview waiting period for first time visitor — B1 (business) and B2 (tourist) — visa applicants in India continues to climb even as the US State Department on Tuesday said the “the global median wait time for a tourist visa (B1/B2) interview appointment is under two months as of this month.” from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yv5q8Gf