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Gold faces longest monthly losing streak since 2018 on rate hikes

Spot gold fell 0.8% to $1,710.70 an ounce by 0956 GMT

Russia's halt on gas supplies tightens energy screws on Europe

European governments fear Moscow could extend the outage in retaliation for Western sanctions imposed after it invaded Ukraine and have accused Russia of using energy supplies as a "weapon of war"

Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan: Report

The debt-laden island nation had sought up to $3 billion from the global lender as it struggles with its worst economic crisis in more than seven decades

Sony-Zee merger can hurt competition, scrutiny needed, says CCI: Report

Zee in a statement said it continues to take all the required legal steps to complete all the necessary approval processes for the proposed merger

South Africa's Aspen, India's Serum Institute sign vaccines deal for Africa

South Africa's Aspen Pharmacare has signed a deal with the Serum Institute of India to manufacture and sell four Aspen-branded vaccines for Africa

Thailand looks to lavish Indian weddings to boost tourism revenue

Thailand hopes to boost its tourism revenue to between 600 billion-700 billion baht by year-end, by targeting high-spending groups like Indian wedding parties and honeymooners

Oil prices fall 3% on recession fears; China factory data disappoints

Brent crude futures for October, due to expire on Wednesday, were down $3.56 at $95.75 a barrel following Tuesday's $5.78 loss

US regulators to vet Alibaba, JD.com, other Chinese firms' audits: Report

The respective accounting firms of Alibaba, JD.com and Yum China - PwC, Deloitte and KPMG - have also been notified of the inspection

Japan regulator to enhance bank surveillance as foreign interest rates rise

The current round of aggressive foreign interest rate rises has caught major Japanese banks off guard

France ready for Gazprom's 'pretext' to switch off gas, says minister

Russia's Gazprom announced that from Thursday it would fully suspend gas deliveries to Engie, a French utility, citing a dispute over payments

Russia's Gazprom Neft says oil production recovered to pre-Covid levels

Many countries have imposed sanctions on Russia, but key oil consumers China and India have stepped up imports of discounted Russian barrels to record levels

Amazon, Google slam Microsoft over changes in cloud computing rules

Amazon, Google, Alibaba, and Microsoft's own cloud services will be excluded from the deals

Toyota Motor to invest $5.3 bn in Japan, US for EV battery supply

In addition, about $2.5 billion will be invested in Toyota Battery Manufacturing in North Carolina

Oil recoups some losses on Tuesday on signs of firm US fuel demand

API data showed crude stocks rose by about 593,000 barrels, against analysts' estimates of a drop of around 1.5 million barrels

Gold set for fifth monthly fall as US rate hike prospects mute appeal

Spot gold was flat at $1,724.18 per ounce, as of 0541 GMT, trading close to a one-month trough hit on Monday. Bullion has lost 2.3% so far in August

Asia continues global stock selloff as Fed tightening fears flare

Japan's Nikkei sagged 0.6%, while Australia's share benchmark slid 0.4% and South Korea's Kospi lost 0.5%

Japan calls for $24 bn investment to boost battery competitiveness

It added to those April-announced targets on Wednesday with the recruitment and 3.4 trillion yen ($24.55 billion) investment goals

ECB rate hike bets hoist euro; hawkish Fed comments bolster US dollar

Another month of manufacturing contraction is expected for August, with a reading of 49.2 forecast, marginally higher than the 49.0 reading in July

Gold lingers near 1-month low as possibility of more Fed rate hikes weigh

Data also showed a bigger-than-expected rebound in U.S. consumer confidence in August

India's economy probably grew at its fastest pace in a year in June qtr

Gross domestic product (GDP) in the three months to June 30 was probably 15.2% higher than a year earlier, a Reuters poll showed this week