London – Key economic indicators suggest that the UK economy is showing signs of slowing as finance minister Rachel Reeves prepares to announce next week’s budget, with expectations that she will raise taxes once again. Data released on Friday highlight challenges facing businesses, consumers, and public finances, underscoring the difficult balancing act for the government

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New Delhi – India has announced the implementation of four new labour codes designed to simplify and modernize the country’s decades-old labour laws. The Ministry of Labour and Employment stated that the reforms aim to enhance wages, workplace safety, social security, and employee welfare across all sectors of the workforce. The new regulations mark a

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Beijing – China’s crude oil imports from Indonesia have surged to unusually high levels in 2025, a trend that traders say masks shipments of sanctioned Iranian crude being trans-shipped in Malaysian waters. This development comes amid increased scrutiny of cargoes originating from Malaysia, a major trans-shipment hub for Iranian oil. According to market participants, some

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Bengaluru – India’s Axis Bank has announced plans to raise up to 50 billion rupees ($559 million) via debt securities through a private placement, signaling the bank’s ongoing strategy to strengthen its capital base and fund growth initiatives. The proposed fundraise includes 20 billion rupees through debentures and an additional 30 billion rupees via a

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Bengaluru – Indian lender Kotak Mahindra Bank has announced a significant corporate action to enhance stock liquidity and attract retail investors. The bank declared on Friday that it will execute a share split, dividing each existing share into five shares. This move, also known as a stock split, will reduce the face value of individual

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Bengaluru – Gold prices fell more than 1% on Friday, heading for a weekly decline as a stronger-than-expected U.S. jobs report dampened expectations of a Federal Reserve interest rate cut next month. The decline weighed on the non-yielding precious metal, highlighting the impact of macroeconomic indicators on gold’s performance. Spot gold traded at $4,047.14 per

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Bengaluru – Australia’s securities watchdog has issued a new warning about the risks posed to retirement savings by poor advice on self-managed superannuation funds (SMSFs). According to the Australian Securities and Investments Commission (ASIC), more than a quarter of the reviewed cases revealed advisers giving recommendations that could seriously jeopardize Australians’ retirement nest eggs. In

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New York – Citadel, the global financial powerhouse founded by billionaire Ken Griffin, has reported strong performance across its flagship and specialized funds, according to a source familiar with the matter. The firm’s flagship Wellington fund posted a 1.8% return in October, bringing its year-to-date performance to 6.8%. This performance reflects Citadel’s continued ability to

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Foreign investment in Indian equities is expected to recover in the near term, according to Amundi, Europe’s largest asset manager. The rebound comes after significant outflows in 2025 caused India’s stock markets to underperform other major emerging markets. Heavy Foreign Outflows in 2025 So far this year, foreign investors have sold $16.4 billion worth of

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