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Global central banks lift interest rates by nearly 1,200 bps in July

Central banks overseeing five of the 10 most heavily traded currencies delivered 325 basis points of rate hikes between them last month.

Easing raw material costs promising for Indian consumer companies

While reporting a 4.5% fall in second-quarter profit and higher expenses, Nestle India said on July 28 it could see softening of prices in such commodities as edible oil and packaging materials.

India's bank liquidity surplus rises after a sharp drop last week

India's banking system liquidity surplus rose to more than 2 trillion rupees on Wednesday, after dropping to a near three-year low below 500 billion rupees ($6.34 billion) last week.

India's trade deficit likely to remain above $20 billion: Barclays

India's trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, Barclays said

Oil prices fall by 1% over fuel demand worries ahead of OPEC+ meeting

Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar

Gold rebounds as dollar retreat, Sino-US tensions offset higher bond yields

Gold prices rose on Wednesday as a pullback in the dollar and Sino-US tensions helped counter pressure from a rise in US Treasury yields after hawkish comments from Federal Reserve officials.

Twitter queries banks on Musk's attempts to undermine $44 billion deal

Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social media company.

Yields up with dollar as Fed officials signal more hikes; Asian stocks firm

Asia-Pacific bond yields followed US Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rate

Japan's services sector nearly stagnates in July amid rising inflation

Japan's services sector activity almost completely stagnated in July as rising inflation and growing economic uncertainty weighed on sentiment.

China: July services activity expands at quickest pace in 15 months

China's services activity grew at the fastest rate in 15 months in July as easing COVID curbs boosted consumer confidence, but foreign demand fell and companies cut staff for the seventh month

Russia accuses the US of direct role in Ukraine war, missile attacks

Russia has accused the United States of direct involvement in the Ukraine war, while the first ship carrying Ukrainian grain to world markets since Moscow's invasion is due to be inspected in Turkey

New Zealand employment market tight as wage inflation hits 14-year high

New Zealand's jobless rate held just above historic lows while wage inflation hit a 14-year high, raising prospect that the central bank might have to increase rates more aggressively than expected

Dollar climbs with US yields after Fed doves say expect more rate hikes

The US dollar remained elevated on Wednesday following its biggest surge in three weeks against major peers overnight

Oil prices fall in early trade on demand worries, stronger US dollar

Oil prices fell about 1% in early trade on Wednesday, reversing gains from the previous session ahead of a meeting OPEC+ producers on fears of a slowdown in global growth

Telangana bets big on oil palm, to cut $19 billion vegoil imports

Telangana is targeting 2 million additional acres under oil palm cultivation in the next four years, and is going to great lengths to achieve this goal

SpiceJet lessor asks India's DGCA to de-register its Boeing aircraft

Alterna Aircraft Ltd, an Ireland-based lessor of budget-airline SpiceJet Ltd, has asked India's aviation regulator to de-register its plane.

HSBC rejects break-up call, promises higher quarterly dividend

Hard-sells growth plan to disgruntled investors

Pelosi arrives in Taiwan, voicing US 'solidarity' as China fumes

Chinese warplanes buzz Taiwan Strait dividing line; US House speaker's visit has enraged Beijing; Beijing insists self-ruled Taiwan is part of China

Gold prices extend gain on global recession fears, Sino-US tensions

Spot gold was up 0.3% at $1,777.79 per ounce by 10:56 a.m. ET (1456 GMT). U.S. gold futures gained 0.6% to $1,795.90.

Wall Street falls on rising US-China tensions; Uber gains post Q2 results

Speaker Nancy Pelosi expected in Taipei later today; Caterpillar falls after missing sales estimates; Uber gains after reporting positive cash flow