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On Tuesday, China called on the Netherlands to 'respect market principles,' a day after semiconductor giant ASML said the Dutch government had repealed an...

Despite challenges posed by erratic weather, India's resilient agricultural sector remains optimistic about achieving a plentiful food grain production, crucial as the government aims to curb food inflation ahead of the 2024 general elections. The year saw extreme weather events, leading to fears and preemptive measures, including export curbs.

Prices of parboiled rice from leading exporters, including Vietnam and India, rose due to limited supplies. Vietnamese 5% broken rice reached its highest level since July 2008, at $660 to $665 per metric ton. India's 5% broken parboiled variety saw prices at $505 to $512 per metric ton, the highest in two months.

Gulati termed measures such as placing export bans on key staples to keep a lid on prices outdated and flagged the need to deploy a new mix of policy steps to tame food inflation.

HONG KONG/SHANGHAI (Reuters) -Alibaba Group's Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties fuelled by U.S. curbs on exports to China of semiconductors used in artificial intelligence applications. The company's U.S. listed securities closed down 9%. Alibaba's concerns over the U.S. export curbs announced by Washington in October come on the heels of similar worries raised this week by Chinese social media and gaming company Tencent Holdings which said the restrictions would force it to seek domestically pro...