Oil slips for third session as traders weigh Saudi pipeline damage
Brent and WTI each fell about 1% as traders bet on alternate routes, even as three pumping stations on Saudi Arabia's East-West pipeline were confirmed damaged.
Business
Yen Slips Ahead of BOJ Decision as Markets Price In Rate Hike
The yen weakened in Asian trade as markets awaited a widely expected Bank of Japan rate hike, while the dollar held steady and sterling sat at a 2-1/2-month low.
HAL to widen private role in aerospace ecosystem as Tejas engine delays persist
HAL is expanding private participation in aerospace manufacturing while managing Tejas engine delays and preparing a Friday handover of trainers and Dhruv NG helicopters.
Jana Partners pushes Cooper Cos to replace CEO and weigh asset sales
Jana Partners has urged Cooper Cos to replace its CEO, appoint a new board chair and consider selling parts of the business.
Japan core inflation holds near 2% as BOJ weighs rate hike
Japan's core inflation stayed near the BOJ's 2% target in August, reinforcing expectations of a near-term interest rate increase.
Dollar Hits Seven-Week High as Hawkish Fed Turns Focus to BOJ
The dollar scaled a seven-week peak after the Fed hiked rates and signalled more tightening, with the BOE and BOJ decisions now in focus.
Fed's First Rate Hike in Over Three Years Lifts Asian Shares, Dollar Hits Seven-Week High
Asian shares edged up and the dollar touched a seven-week high after the Fed delivered its first rate hike in more than three years, with markets pricing in another move by December.
Gold Climbs Over 1% as Markets Absorb Fed Rate Hike, Oil Rally Fades
Gold rebounded over 1% as investors weighed the Fed's rate hike and hawkish outlook, while oil slipped on easing supply concerns.
Malaysia Weighs Rival Airlines as AirAsia's Finances Come Under Strain
Malaysia is exploring contingency options for AirAsia's domestic routes as the low-cost carrier grapples with fuel costs, losses and a large debt to MAHB.
Gold Edges Up From Six-Week Low as Markets Digest Fed Rate Hike
Gold prices rose 0.5% to $4,283.45 an ounce after touching a near six-week low, as investors weighed the Fed's latest rate increase and its hawkish guidance.
CII Chief Mukundan Says India Inc Ready for Any Tariff Scenario, But US Tariffs Cannot Be Permanent
CII president Ramakrishnan Mukundan says Indian industry is prepared for any tariff scenario but stresses that US tariffs cannot remain permanent, urging sustained bilateral engagement.
Zero-MDR model under review as UPI costs outpace government support
M. Nagaraju, former DFS secretary, says the zero-MDR model is being reassessed as UPI volumes surge and ecosystem costs outstrip government support.
Nikkei slips for fourth session as markets brace for Fed and BOJ rate calls
Japan's Nikkei edged lower while the Topix rose as investors awaited rate decisions from the Federal Reserve and Bank of Japan, with a wider trade deficit adding to caution.
Malaysia Weighs AirAsia Contingency as Rival Carriers Sound Out Route Absorption
Malaysia has held talks with Malaysia Airlines and Batik Air about absorbing AirAsia's domestic routes as authorities monitor the carrier's finances.
Asian Shares Edge Higher as Markets Brace for Fed Rate Decision
Asian stocks made tentative gains as bond yields and oil paused ahead of the Federal Reserve's policy decision, with traders pricing a near-certain rate hike.
Gold Eases for Third Straight Session as Markets Await Fed Verdict
Spot gold fell 0.3% to $4,279.89 an ounce as investors positioned for the Federal Reserve's policy decision and Chair Kevin Warsh's press conference.
Dollar Holds Near Multi-Week Highs as Fed Rate Decision Looms
The dollar clung to recent gains ahead of an expected Federal Reserve rate hike, as markets also weighed an 80% chance of a Bank of Japan move on Friday.
Oil slips as US crude stocks swell, Saudi pipeline outage clouds supply outlook
Crude prices fell after US inventories rose unexpectedly, while traders weighed the impact of Saudi Arabia's halted Yanbu loadings and Libyan field disruptions.
Nissan to build new hybrid SUV at Sunderland with £170 million investment
Nissan will invest £170 million to assemble the Kicks e-POWER hybrid small SUV at its Sunderland plant, Britain's largest car factory.
Japan Bond Yields Climb as Oil Surge and Fed Decision Keep Markets on Edge
Japanese government bond yields extended gains on Wednesday as rising oil prices stoked inflation concerns ahead of the US Federal Reserve's rate decision.