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Gold prices tick up on softer dollar, US Fed policy view in focus

By Arundhati Sarkar

Zomato shares up nearly 7% as analysts project bigger order volumes

Analysts at Jefferies said the stock makes a great case for long term investors to buy, while JPMorgan said the company could also see a decrease in cash burn rates

Euro fragile following a cut in Russian gas supply and a looming Fed hike

Euro nursed losses on Wednesday after its sharpest drop in two weeks, as a cut in Russian gas supply sent energy prices soaring, while the dollar held ground ahead of an expected Fed hike.

Google gives jittery stocks a lift ahead of Federal Reserve meeting

Better-than-expected results at Microsoft and Google helped soothe a nervous mood in stock markets on Wednesday, while a cut in Russian gas flow dragged on the euro

Oil steady as demand concerns offset US crude stock drawdown

Oil prices held steady on Wednesday as concerns about weaker demand offset industry data that showed a larger-than-expected drawdown in US crude stockpiles.

Global economy in grips of serious slowdown, inflation surge to endure

The global economy is in the grips of a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation over the next year

Oil prices rise after a larger-than-expected drawdown in US crude stock

Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.

Microsoft, Google results soothe stock markets ahead of Fed; euro drags

Better-than-expected results at Microsoft and Google helped soothe a nervous mood in stock markets on Wednesday, while a cut in Russian gas flow dragged on the euro

Gold price stalls as pre-Federal Reserve verdict jitters grip investors

Spot gold was flat at $1,719.49 per ounce by 1438 GMT. U.S. gold futures were little changed at $1,719.10.

IMF cuts global growth outlook, warns high inflation threatens recession

Global real GDP growth will slow to 3.2% in 2022 from a forecast of 3.6% issued in April, the IMF said in an update of its World Economic Outlook

Wall Street falls as Walmart warning rattles retail stocks; GE jumps

Walmart cuts profit forecast, drags retailers; McDonald's up as sales and profit top estimates; GE jumps on higher profit, Coca-Cola up on forecast raise

Canada's Shopify cuts 10% of workforce on slowing online orders

US-listed shares fell 14.7% to $31.29 after the company said it witnessed a pullback in online orders

Cryptoverse: What crisis? Venture capitalists bet big on crypto boom

Some VCs are shrugging off the gloom, with many deploying substantial war chests as their faith in the underlying tech behind crypto coins remains strong

Alibaba aims to add primary listing in Hong Kong, woo China investors

Removes Ant executives amid shake-up, increased scrutiny

Pakistan raises power prices amid energy crisis despite rampant inflation

Inflation last month reached 21.3%, driven mainly by rising food costs, and the country also faces fast-depleting foreign reserves, a depreciating currency and widening current account deficit

Bangladesh seeks $4.5-billion IMF loan amid forex worries: Report

Known for its big garment-exporting industry, Bangladesh has sought the funds for its balance of payment and budgetary needs, as well as for efforts to deal with climate change

Elon Musk asks judge to start five-day Twitter trial on Oct 17

The chief judge on Delaware's Court of Chancery last week ordered an October trial, which promises to be one of the biggest Wall Street legal fights in years

India's June crude oil imports up 21% on demand recovery, Russian discounts

Fuel consumption in the world's third-biggest oil consumer also increased in June, and seemed to be heading back towards pre-pandemic levels.

Fed rate-path uncertainty, European gas crunch dominate currency markets

The U.S. Federal Reserve starts a two-day meeting later in the day and is expected to deliver a 75 basis-point interest rate rise.

Asia shares bounce on China property fund as Fed rate hike looms

FTSE futures edged up 0.15%. U.S. markets are likely to open lower, with E-mini futures for the S&P 500 index down 0.32%