The government of India hiked its basic import duty on gold from 7.5 per cent to 12.5 per cent on Friday, as the world's second largest consumer of the precious metal seeks to reduce demand and reduce its trade deficit.   India imports the majority of its gold, putting pressure on the rupee,...

According to an Indian customs document reviewed by Reuters, UltraTech Cement is importing a cargo of Russian coal and paying in Chinese yuan, an uncommon payment method that dealers fear could become more widespread.   According to the document, UltraTech is bringing in 157,000 tonnes of...

Shares in Europe's largest online meal ordering company, Just Eat Takeaway.com, fell to an all-time low on Wednesday, as investors questioned if the loss-making company will be able to sell its U.S. Grubhub subsidiary and attain profitability without extra capital.   Following a note by...

Zip Co Ltd, an Australian purchase now, pay later company, announced that it would boost costs for customers and merchants as it tries to withstand the impact of skyrocketing inflation and rising interest rates on its business.   This year, the company's stock has dropped about 90 percent as...

The central bank of Ireland fined AIB and its EBS subsidiary a record 96.7 million euros ($101.6 million) for overcharging clients denied mortgages that track base rates. The fine was more than double the previous biggest penalty imposed on any institution, bringing the total amount punished to...

In reaction to dwindling Russian supplies, Germany activated the "alarm level" of its emergency gas plan on Thursday, but stopped short of letting utilities to pass on rising energy bills to customers in Europe's largest economy. The move is the latest escalation in Europe's standoff with Moscow...

Keith Johnson, an American, has launched a lawsuit against Elon Musk and his firms SpaceX and Tesla, accusing them of constructing a "crypto Ponzi scheme," a structure designed to artificially raise the value of the Dogecoin cryptocurrency. According to Bloomberg, the plaintiff is ready to...

HSBC Holdings' Hong Kong-based trade platform, which was introduced with so much fanfare three years ago, has closed down after struggling to develop a commercially viable business.   HSBC's first investment in a non-banking software firm was Serai, a wholly-owned subsidiary of Europe's...

According to a recent survey by American Forbes, about 30% of the world's wealthiest people invest in cryptocurrencies directly or indirectly, which is higher than the number of investors who aren't billionaires. The survey was attended by 65 billionaires. Around 18% of them said they had at least...