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US FTC says Facebook misused privacy decree to shut down ad research

The US FTC criticized Facebook on Thursday for making "misleading claims" to explain why it had disabled the accounts of researchers studying political ads on the social media platform

Asian shares fall as Delta variant of Covid-19 casts shadow over growth

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.35%, dragged down by Chinese blue chips, which fell 0.56% and Hong Kong down 0.46%

US biz groups call on Biden to restart trade talks with China: Report

The tariffs on Chinese products paid by US importers were imposed to ensure that Beijing fulfills its obligations under its 2020 Phase One trade pact with the United States.

India rates hit 4-1/2-year low on weak demand, logistical bottlenecks

Top exporter India's 5% broken parboiled variety quotes fell to $354 to $358 per tonne from last week's $361 to $366 a tonne.

Return of the fat cats? Europe's bank bonuses rise as profits rebound

Banks have added billions of dollars to bonus pools as they try to reassure restless staff they will be rewarded in 2021 after a lean 2020.

US trade deficit jumps to record high in June on strong import growth

The Commerce Department said on Thursday that the trade gap increased 6.7% to $75.7 billion in June, an all-time high

Wall Street pushes US stocks, oil prices higher on promising data

US stocks and oil prices rebounded as unemployment claims declined and the trade deficit widened, positive economic data in the face of rising Covid-19 cases and signals of declining Fed stimulus

Ethereum software upgrade activated; ether, bitcoin down 4-5%

Ether was already lower on the day going into the technical adjustment

Chevron Corporation tops profit estimates, joins share buyback stampede

The company cut its annual capital spending forecast to about $13 billion, now below what it had spent last year.

Mastercard submits new audit to India after ban over data handling

The Reserve Bank of India (RBI) on July 14 sent panic-waves through Indian banking partners by announcing a ban, effective from July 22, to prevent the U.S. giant from issuing new cards.

Amazon hit with $886 million European Union data privacy fine

This is for for processing personal data in violation of the EU's General Data Protection Regulation (GDPR)

Jhunjhunwala's new airline may give Boeing a chance to regain lost ground

Indian skies are dominated by low-cost carriers (LCCs) including IndiGo, SpiceJet, GoFirst and AirAsia India, with the majority of them operating a fleet of Airbus' narrowbody planes.

Exxon posts highest profit in more than a year as demand recovers

Rebounding demand for oil, gas and chemicals helped

Covid: Delta variant threatens to cool oil demand recovery, shows poll

The survey of 38 participants forecast Brent would average $68.76 per barrel, up slightly from June's $67.48 estimate.

India rupee, bonds fall for second straight month; RBI policy in focus

Sentiment has been lifted after the Fed did not outline a taper timeline, which is expected to aid local shares and the rupee in the near future.

Crypto exchange Binance to wind down derivatives in Europe

Binance's exit from derivatives in Europe is its latest exit from specific crypto products after growing regulatory pressure.

Japan eyes fresh stimulus package as new curbs weigh on growth

Lawmakers have escalated calls for a new relief package

World stocks on course for sixth month of gains, dollar near 1-mth low

MSCI's World index was last down 0.3%, leaving it broadly flat on the week, but up 1.1% for the month, just shy of a record high.

US regulator freezes Chinese company IPOs over risk disclosures: report

The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings (IPOs) and other sales of securities by Chinese companies

Gold heads for best weekly gain in over 2 months on dovish Fed

US gold futures fell 0.3% to $1,830.80 per ounce.