A fire swept through a warehouse inside a factory compound owned by Chinese smartphone maker Oppo on the outskirts of the Indian capital on Saturday, a senior police official said.

He said that in free trade agreements (FTAs) with countries including Japan, Korea, and Asean, business communities of these regions benefited more by getting market access in India.

Fitch Ratings said on Friday it was downgrading Sri Lanka from "B-" to "CCC", barely above default, after the government's 2021 budget showed too steep revenue projections, following earlier tax cuts and a higher deficit for 2021 than 2020.

Food inflation stood at 8.21 per cent in October against 7.51 per cent of the previous month (September 2020) and 8.60 per cent during the corresponding month (October 2019) a year ago.

Facetoface negotiations between Britain and the European Union over a trade deal restarted on Saturday, in a lastditch attempt to find agreement with just five weeks to go before their current relationship ends.

The Centre has already borrowed Rs 24,000 crore on behalf of the states in four instalments and has passed it on to 23 states and three Union Territories on October 23, November 2, November 9 and November 23.

HSBC Holdings Plc is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday.

The GDP growth in Q2 (July-September) was -7.5% against -23.9% degrowth in the June quarter, bringing all-round cheer. But this cheer needs to be tempered with caution. The government has asserted the Q2 data point to a V-shaped recovery. Will it hold?

While COVID-19 hit Pakistan at a critical point in its macroeconomic recovery, the government's ongoing efforts to ensure stability have started showing encouraging results this fiscal year, Mukhopadhyay said in a statement.

Petrol price on Saturday was hiked by 24 paise per litre and diesel by 27 paise as hopes of a vaccine development led to a rally in international oil prices.

Prannoy Roy was the chairman and whole time director and Radhika Roy was the managing director during period under investigation and were part of the decision making chain that had led to crystallization of the UPSI.

A Canadian police officer stationed at the Vancouver airport who rejected a plan to arrest Huawei Chief Financial Officer Meng Wanzhou on the plane she arrived on two years ago, on Friday testified that at the time he told other police officers the best course was to allow border agents to interrogate Meng before arresting her.

Biogen Inc will take a $650 million stake in Sage Therapeutics and make an upfront payment of $875 million to jointly develop and sell treatments for depression and other neurological disorders, the two companies said on Friday.

Fitch downgraded Sri Lanka's sovereign credit rating to CCC on Friday, warning the country's debt levels were set to soar past 100% of GDP and that it was increasingly at risk of default.

Airbus has found buyers for six aircraft from the A320neo family rejected by one of its main customers, Malaysia's AirAsia, as it works off a surplus left by the coronavirus crisis, industry sources said.

The European Commission will confirm in February rules to calculate industries' free carbon permits over the next five years, it said on Friday, pushing back a plan to finish the regulations this year.

British Prime Minister Boris Johnson spoke with Irish Taoiseach Micheal Martin on Friday evening and discussed progress in UKEU trade negotiations, the UK government said, at a time when differences remained with the EU on a Brexit trade deal.

Stocks that moved heavily or traded substantially Friday:

Naik was addressing a virtual meet on opportunities at Goa Shipyard Limited and Mazagao Dock Shipbuilders Limited, organised by the Confederation of Indian Industry.

Ray Dalio, founder of hedge fund Bridgewater Associates LP, is opening an office in Singapore to run his investments and philanthropy in the region.

Copper miners and smelters are late agreeing charges for processing concentrate for next year, three sources with knowledge of the talks said, with smelters seeking a rollover while miners are pointing to a tight spot market.

Gold slumped 2%, breaking below the key $1,800 support level to a near fivemonth trough on Friday, as growing optimism about a quick vaccinefuelled economic recovery and a smooth White House transition powered share market to fresh records.

Airbus has found homes for six A320neofamily aircraft rejected by one of its largest customers, Malaysia's AirAsia, as it makes further progress in reducing a surplus of jets left by the coronavirus crisis, industry sources said.

Inflow of FDI during April-September 2019-20 stood at $26 billion, as per the data of the Department for Promotion of Industry and Internal Trade (DPIIT).

The number of registered Brazilians out of work and the national unemployment rate rose to the highest on record, official figures showed on Friday, as the easing of COVID19 lockdown measures encouraged people to look for work again.

Hyundai and Kia must pay $137 million in fines and safety improvements because they moved too slowly to recall over 1 million vehicles with engines that can fail.

Hyundai Motor Co's and Kia Motors Corp's U.S. units on Friday agreed to a recordsetting $210 million civil penalty after U.S. auto safety regulators over the untimely recalls of 1.6 million engines for fire risks.

Airbus has found homes for six A320neofamily aircraft rejected by one of its largest customers, Malaysia's AirAsia, as it makes further progress in reducing an overhang of jets left by the coronavirus crisis, industry sources said.

Stocks across the globe rose on Friday and remained on track for their strongest monthly performance on record as recent vaccine progress, Joe Biden's U.S. presidential election win and a weaker dollar continue to entice risktaking.

Gold slumped 2% to a near 5month low on Friday, breaking below a key technical level of $1,800 an ounce, as investors dumped the metal on hopes of a virus vaccine and a smooth transition in the U.S. presidency.

Asian spot prices for liquefied natural gas (LNG) rose this week, driven by a surge in oil prices and a potentially colder start to winter and higher heating demand.

Wall Street's main indexes rose and the Nasdaq hit a record high on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections following the Thanksgiving holiday.

India's economy recovered faster than expected in the September quarter as a pickup in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand.

Japan's ruling party will call on the government to promote environmental investment with a major decadelong spending programme for the country, whose Prime Minister Yoshihide Suga has made a green society a key policy priority.

Wall Street's main indexes rose and the Nasdaq hit a record high on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections following the Thanksgiving holiday.

Masked shoppers turned up in smaller numbers at major U.S. retailers including Macy's Inc, Walmart Inc and Best Buy on Black Friday as early online deals and worry about the spike in COVID19 cases dulled enthusiasm for trips to the mall.

Volkswagen Chief Executive Herbert Diess has asked the families who control a majority voting stake to back a contract extension in a bid to break a deadlock at the world's largest carmaker, two people familiar with the matter said.

Wall Street's main indexes were set to open higher on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections following the Thanksgiving holiday.

Swiss drugmaker Vifor Pharma had a recent takeover approach from at least one private equity firm, but talks were halted due to differences over price, two sources familiar with the situation said.

Biogen Inc will take a $650 million stake in Sage Therapeutics and pay $875 million in upfront payment as they jointly develop and sell treatments for depression and other neurological disorders, the two companies said on Friday.

World stocks remained on course for their best month ever on Friday as recent vaccine progress, Joe Biden's U.S. presidential election win, hopes for further stimulus, a commodity surge and descending dollar all lifted the spirits.

In the previous week ended November 13, the reserves had surged by USD 4.277 billion to USD 572.771 billion.

Biogen Inc will take a $650 million stake in Sage Therapeutics and pay $875 million in upfront payment as they jointly develop and sell treatments for neurological disorder, the two companies said on Friday.

The deficit widened mainly on account of poor revenue realisation. The lockdown imposed to curb spreading of coronavirus infections had significantly impacted business activities and in turn contributed to sluggish revenue realisation.

The production of eight core sectors had contracted 5.5 per cent in October 2019, data released by the Commerce and Industry Ministry showed on Friday.

Commerzbank appointed a new board member to oversee the German lender's corporate business on Friday after his predecessor left over differences about the division's future, the bank said on Friday.

Business events and economic reports scheduled for the coming month:

The pandemic-induced lockdowns had led to a steep contraction of 23.9% in the GDP for the April-June quarter as compared to the same period a year ago.

The European Union and Britain said on Friday there were still substantial differences over a Brexit trade deal as the EU chief negotiator prepared to travel to London in a lastditch attempt to avoid a tumultuous finale to the fiveyear Brexit crisis.

Ethiopian Prime Minister Abiy Ahmed's government will protect civilians in the northern region of Tigray, he told African peace envoys on Friday, a day after he announced the military was beginning the final phase of an offensive there.