Bloomberg The winning streak for Indian stocks is losing momentum as sentiment sours on the prospect of tighter monetary policy and smaller stimulus spending in the coming year. India’s benchmark S&P BSE Sensex has slumped 3.6% since the end of September, halting a rally that ran for six straight quarters and doubled the index’s value. Since reaching a record …

  Bloomberg Oil settled above $73 a barrel for the first time in four weeks as signs that the omicron Covid-19 variant may be less severe than previous strains eased concerns about a demand hit. West Texas Intermediate futures in New York closed 1.4% higher amid thinning liquidity heading into the holiday period. A UK health agency said omicron was …

  Bloomberg A Russian court fined Alphabet Inc’s Google 7.2 billion rubles ($98 million) and Meta Platforms Inc 2 billion rubles for failing to remove banned content, largest such penalties yet, as the authorities escalate a crackdown on foreign technology companies. The fines were due to the companies’ repeated failure to comply with orders to take down content and based …