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Nasdaq slides 1% as chipmaker Micron's warning rekindles tech rout

Micron falls on lowered revenue forecast; semiconductor stocks drop for third session, down 27.3% YTD; Novavax falls 29% after cutting revenue view by half

Oil rises over $1 a barrel as Russian pipeline halt revives supply fears

Russian pipeline monopoly Transneft said Ukraine had suspended oil flows via the pipeline leg because Western sanctions had prevented a payment from Moscow for transit fees from going through.

Global stocks slip as caution reigns ahead of US inflation data tomorrow

Stakes are high for July US consumer prices report on Wednesday after an unexpectedly strong US jobs data last week boosted expectations of a sharp interest rate increase to tackle soaring inflation

Oil prices slip amid chance of Iran nuclear deal supply boost

By Alex Lawler

Gold consolidates as traders brace for US inflation data on Wednesday

By Arundhati Sarkar

EU regulator begins review of Pfizer-BioNTech's variant-adapted Covid shot

The so-called bivalent vaccine targets two strains of the SARS-CoV-2 virus behind COVID

Chennai refinery's crude runs cut by 25% as residents complain of odour

Chennai Petroleum Corp said it had cut crude processing by a quarter at its 201,000 barrels per day Manali refinery, following an order by the Tamil Nadu state pollution control board

Gold eases as investors await US inflation data due later this week

Gold prices edged lower on Tuesday as investors awaited U.S. inflation data due later in the week that could offer more clarity on the Federal Reserve's rate-hike plans to combat rising prices.

Asia stocks wobble as focus turns to US inflation data, aggressive Fed hike

The unexpectedly strong US jobs data on Friday have raised the stakes for the July US consumer prices report due on Wednesday, especially for the Fed's policy outlook

India's July fuel demand rises 6.1% year-on-year, reveals ministry data

Consumption of fuel, a proxy for oil demand, totalled 17.62 million tonnes in July, down 5.7% from 18.68 million tonnes in June

Oil prices edge up as strong economic data feeds hopes for demand

Brent crude futures were up 93 cents, or 0.9%, at $95.85 a barrel by 11:20 a.m. ET (1520 GMT). U.S. West Texas Intermediate crude was at $89.68 a barrel, up 67 cents, or 0.8%.

Biden 'concerned' as China extends military drills around Taiwan

Pelosi's visit infuriated China, which responded with test launches of ballistic missiles over Taipei for the first time, as well as by ditching some lines of dialogue with Washington

Goldman sees strong case for higher oil prices despite negative shocks

The market will remain in unsustainable deficits at current prices and balancing it will still require 'demand destruction on top of the ongoing economic slowdown', says the investment bank

Gold gains as dollar, treasury yields slip; focus on US inflation data

Spot gold rose 0.5% to $1,783.62 per ounce by 10:02 ET (1402 GMT). U.S. gold futures edged 0.5% higher to $1,799.60.

Axios agrees to $525-mn buyout deal with Cox Enterprises: Report

Atlanta-based Cox, a family-owned conglomerate that also owns the Dayton Daily News and other newspapers in Ohio, said the acquisition will help diversify its business

Flush with cash, Pfizer buys Global Blood Therapeutics in $5.4-bn deal

Pfizer has been on the lookout for acquisitions that could bring in billions in annual sales by the end of the decade

Indonesia says Tesla struck $5-billion deal to buy nickel products

Southeast Asia's biggest economy has been trying to get Tesla to set up a production facility in the country, which has major nickel reserves

Biden's $430-billion climate and drug deal gets Senate's approval

Schumer said the legislation contains "the boldest clean energy package in American history" to fight climate change

Nasdaq rises 1% as dip in yields supports megacaps; Nvidia, Palantir drop

US Senate approves bill on climate change, drug costs; Nvidia drops as slump in gaming demand hits Q2 revenue; Tyson Foods down on quarterly profit miss; Palantir drops on forecast cut

Palantir cuts revenue forecast, says govt contracts timing 'uncertain'

Palantir was co-founded by billionaire entrepreneur Peter Thiel in 2003 to help with US counter-terrorism operations, but has since diversified to commercial business