BUSINESS

Adani, whose global business interests span ports, airports, mining, cement and power, is battling to stabilise his companies and defend his reputation.

The Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 55.4 last month from 57.8 in December, well below the 57.4 predicted in a Reuters poll.

After months of public feuding, there is no guarantee that an agreement can be reached after previous attempts to avoid a high-profile trial in London this year were abandoned.

Both benchmarks were up for a second day, after gaining about 1% in the previous session.

The drugmaker is offering voluntary retirement scheme (VRS) to all its employees at two sites near Hyderabad, a spokesperson for Sanofi's India unit told Reuters in an email.

Oil prices steadied in early Asian trade on Tuesday after falling by more than 2% in the previous session on the threat of further interest rate hikes and continued Russian crude flows.

Flagship Adani Enterprises, which is facing a crucial test this week with a follow-on share offering, rose 3%, but was off initial gains of as much as 10% and significantly below the offer price.

India, one of the world's fastest growing oil markets, has lagged major economic peers in Europe and Asia in the adoption of EVs but sales are now picking up and investment in the production of new autos and energy infrastructure is accelerating.

The gains, particularly on U.S. crude, were however limited by a 4.2 million barrel build in stocks at Cushing, the pricing hub for NYMEX oil futures, earlier this week.

The move is part of the UAE's efforts to make the country more business-friendly.

U.S. crude inventories rose last week as demand for fuels tapered off, and while the increase was less than expected, crude stocks reached the highest level since June 2021, the Energy Information Administration (EIA) said on Wednesday.

Sales of U.S. military equipment to foreign governments rose 49% to $205.6 billion in the latest fiscal year, the U.S. State Department said on Wednesday.

Thousands of incidents were logged by the tracking website Downdetector, with complaints spiking in the hour from 0700 GMT and particularly affecting users in Asia and Europe.

Iraq has 13 million employment-aged women "yet only around one million are working", said ILO country coordinator Maha Kattaa, presenting a report in July last year.

Crude prices are wavering as the dollar stabilizes and over exhaustion from China-reopening headlines, according to OANDA analyst Edward Moya.

Employers in Abu Dhabi have until Feb. 1 to convert their employment contracts from unlimited to limited term.

Adani Enterprises will offer investors 200 billion rupees' ($2.5 billion) worth of new shares at a discount, as it looks to lower its ballooning debt and further fuel expansion.

The two companies have been fighting in court for months over the safety impact of flaking paint that exposed corrosion or gaps in a sub-layer of metallic lightning protection.

Shares of Netflix rose 6.1% to $335.05 in after-hours trading as the streaming video pioneer also said it had picked up more subscribers than expected at the end of last year.

Chinese November oil demand climbed to the highest level since February, data from the Joint Organisations Data Initiative showed on Thursday.

Specifically, the BOJ amended rules for an existing market operation tool, so it can pump funds extending up to 10 years in variable rates to financial institutions against collateral.

U.S. authorities said on Wednesday they have arrested the majority shareholder and cofounder of Hong Kong-registered virtual currency exchange Bitzlato Ltd for allegedly processing $700 million in illicit funds.

"We want to lessen our dependence on oil... We want to diversify our economy, it is important, it is essential," Al-Ibrahim told AFP at the World Economic Forum.

The Washington state-based company, which industry trackers say has more than 220,000 workers, trimmed its ranks of employees twice last year.

The world's two largest planemakers defended themselves on Tuesday following criticism over delivery delays

The deal could make Montfort one of the top two suppliers of ship fuel, also known as bunker fuel, in the world's third-largest bunkering hub located in the United Arab Emirates' city of Fujairah, rivalling energy trader Vitol.

The economic data still beat analysts' earlier forecasts after Beijing's rolling back of its zero-COVID policy in December bolstered consumption.

Renault SA and China's Geely Automobile Holdings are working to finalize a deal to bring Saudi Arabian state oil producer Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies, three people with knowledge of the talks said.

Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction.