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RBI tells lenders to reconsider ties with crypto exchanges, traders

The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the most sweeping crackdowns on the new investing fad in the world

Musk decries bitcoin's 'insane' energy use after Tesla payment U-turn

Musk denounces amount of energy used to produce bitcoin; however, Tesla will retain bitcoin holdings

Bitcoin recoups some losses in Asian trade after Musk-triggered tumble

The price of the world's largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet

Over a quarter of EU adults would refuse Covid-19 shot, survey says

The results also suggested a strong link between vaccine hesitancy and the use of social media, particularly where social media is the main source of information

Inflation angst bruises world stocks, Euro STOXX 600 declines 1.5%

Shock rise in US CPI stirs fear of Fed tapering; MSCI world equity index down 0.6%, set for fourth straight day of losses

Asia shares, bruised over US inflation scare, counting on calm Fed

Japan's Nikkei fell 2.0 per cent and touched its lowest since early January, while Chinese blue chips lost 0.9 per cent

Gold rises on hopes of rates staying low, firm treasury yields cap gains

Spot gold was up 0.3 per cent at $1,821.02 per ounce by 07:12 GMT, after falling more than 1 per cent in the previous session

Oil prices drop as India's coronavirus crisis puts brakes on rally

Oil demand was already outstripping supply and the shortfall was expected to grow even if Iran boosted exports

Samsung Electronics raises non-memory chip investment to $151 bn

Samsung Electronics Co Ltd said on Thursday it would invest 171 trillion won ($151.10 billion) in non-memory chips through 2030, raising its previous investment target of 133 trillion won

India's prized investment grade status hanging by a thread amid Covid-19

The severity of the current virus wave is making the main agencies, S&P, Moody's and Fitch agitated

Boeing wins approval for 737 Max electrical fix, notifies airlines: Report

Boeing Co won approval from US regulators for a fix of an electrical grounding issue that had halted flights for about 100 737 MAX airplanes, clearing the way for their quick return to service

Bitcoin rebounds after Musk says Tesla will suspend using cryptocurrency

Bitcoin rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc had stopped accepting bitcoin to purchase its vehicles

Global concern grows as deadly Covid-19 variant ravages rural India

Lacking beds, drugs and oxygen, many hospitals in the world's second-most populous country have been forced to turn away droves of sufferers

Cryptocurrency ethereum hits another record high as 2021 gains near 500%

Cryptocurrency Ether hit another record high on Wednesday, taking gains this year to close to 500% on the back of growing interest in decentralized finance applications

Oil prices rise to 8-week high on demand hopes; US export decline

Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand

US removes Xiaomi from blacklist, reversing late China jab by Trump

Xiaomi was among the more high-profile Chinese technology companies that former President Donald Trump targeted for alleged ties to China's military.

Oil prices on track for near two-year high on rising demand outlooks

Brent futures rose $1.12, or 1.6 per cent, to $69.67 a barrel by 10:44 am EDT (8.14 pm IST), while US West Texas Intermediate crude rose $1.10, or 1.7 per cent, to $66.38

Wall Street drops as strong April inflation data fuels rate hike bets

US consumer prices jump more than expected in April; Electronic Arts gains on upbeat revenue forecast

Fuel shortages worsen on sixth day of top US fuel pipeline outage

A ransomware attack on the Colonial Pipeline last week halted 2.5 million barrels per day of fuel shipments

In court, former Nissan executive Kelly denies helping Ghosn hide earnings

Ghosn escaped to Lebanon in December 2019 hidden in carry-on luggage on a private jet that flew out of Kansai Airport, while he awaited trial on charges of financial wrongdoing