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Gold prices buoyed by lower yields, virus woes; Fed meeting in focus

Spot gold rose 0.3% to $1,806.80 per ounce by 0649 GMT.

Philips beats earnings forecast; mobilises for respiratory device recall

The group also announced a 1.5 billion euro share buyback set to start in the third quarter and take up to three years.

Asia stocks hit 2021 lows as China skids, funds favour Wall Street

Chinese blue chips shed 4.4% to their lowest since December

Bitcoin leaps 12% to test recent peaks, ether hits 3-week high

Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week

Dollar holds near multi-month highs as US Fed meeting in focus

By Kevin Buckland

Oil prices little changed, coronavirus, floods threaten demand

By Florence Tan

Tokyo Olympics 2020: American medal rush begins with a splash

Host Japan follows China in list for most gold medals

Global supply chains buckle as virus variant and disasters strike

Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, parts and consumer goods

US FTC asks for more time to file amended complaint in Facebook case

The US Federal Trade Commission asked a court on Friday for more time to file an amended complaint in its antitrust lawsuit against Facebook Inc

Global insurance recovery will be faster, stronger than in 2008: Swiss Re

The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation

Tesla lobbies India for sharply lower import taxes on EVs: Report

Tesla Inc has written to Indian ministries seeking a big reduction in import duties on electric vehicles, a move it says will boost demand and generate revenue for the government, two sources said

Let the games begin: With over 100 Covid cases, Olympics get underway

The total number of cases directly linked to the Games stood at 106 on Friday with 11 of them athletes.

Car chip shortage to abate; smartphones next: Industry executives

The automotive sector has suffered the most this year but supply to the sector could improve relatively soon, with China taking up some production demand that Taiwan could not meet

US stock markets, yields perk up, oil falters as choppy week winds down

U.S. business activity grew at a moderate pace for a second straight month in July amid supply constraints

Oil prices slip but set to end week steady on tight supply

By Alex Lawler

Oil slips but set to end week steady on tight supply as demand recovers

For the week, Brent was set to end the week up a marginal 0.2%, having declined in the previous three weeks. U.S. crude was poised to remain steady over the week.

India's economic rebound faces rising risk from Delta variant: Reuters poll

The latest survey results suggest difficult policy decisions lie ahead for RBI, which has already seen two consecutive months of inflation above the 6% upper limit of the range it tolerates

Asia subdued by slow Covid-19 vaccinations, eye on factory surveys

Asian share markets were in a muted mood on Friday after a volatile week in which sentiment over global growth waxed and waned with every new headline on the Delta variant

Ant-backed Zomato's roaring India debut sets pace for internet startups

Shares of Zomato Ltd nearly doubled on Friday in a stellar first listing of local unicorn in India, setting pace for a slew of such debuts by internet-based startups that are thriving during pandemic

Karnataka HC quashes Amazon, Flipkart plea against antitrust probe

An Indian court on Friday dismissed a petition by Amazon.com Inc and Walmart's Flipkart seeking revocation of a single judge's decision to allow an antitrust probe against them to continue