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Asia's central banks forced to play catch-up in global rush to raise rates

Having bucked a global dash to tighten monetary policy for a year, Asian central banks find themselves scrambling to catch up in order to tackle rising inflation and defend weakening currencies

Biden stops short of declaring climate emergency, takes steps on wind power

"Climate change is literally an existential threat to our nation and to the world," Biden said

e-Scooter maker Ather says high costs pushing back profit timeline

Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company's path to profit despite high demand for its vehicles

RBI prepared to spend $100 bn more for defending rupee, says report

Most analysts and traders believe worst is yet to come for the rupee, despite the RBI's intent to defend the currency and India's sound macroeconomic fundamentals

Hyundai Motor and its South Korean union agree on 9% wage hike deal

The union, one of the biggest in South Korea with more than 46,000 members, said that a total of 62% of its voting members approved the tentative agreement reached last week, while 38% rejected it

Copper rises from multi-month lows as upbeat sentiment lifts base metal

A weaker U.S. dollar in recent days has also helped metals, which are priced in the greenback, by making them cheaper for buyers with other currencies.

UK's Sunak and Truss go through to final stage of leadership contest

Former British finance minister Rishi Sunak and Foreign Secretary Liz Truss on Wednesday made it through to the final stage of the leadership contest to replace Prime Minister Boris Johnson

EU tells members to reduce gas consumption amid new Putin warning

Deliveries via Nord Stream 1, which accounts for more than a third of Russian gas exports to the EU, are due to resume on Thursday after a 10-day halt for annual maintenance

Nasdaq boosted by growth stocks after Netflix's upbeat forecast, jumps 1.8%

Netflix gains on customer growth forecast; Baker Hughes falls on bigger quarterly loss; Tesla to report earnings after market close

Boeing, Airbus secure Farnborough orders as sector stabilises

By Tim Hepher and David Shepardson

Wipro sees higher IT services revenue growth on strong deals pipeline: CFO

By Sethuraman N R and Nandan Mandayam

Dollar edges down vs euro as traders eye ECB's rate decision on Thursday

By Saqib Iqbal Ahmed

Oil prices slip ahead of US inventory data as fuel demand weakens

By Rowena Edwards

Sergei Lavrov says Russia's aims in Ukraine now go beyond Donbas

Russian Foreign Minister said geographical realities had changed since Russian and Ukrainian negotiators held peace talks in Turkey in late March that failed to produce any breakthrough

Gold eases as dollar gains, recession fears ebb; silver rises 0.2%

By Arundhati Sarkar

World shares hit 3-week high as recession fears ease, dollar hovers low

World shares hit a three-week high on Wednesday as strong US corporate earnings and the expected resumption of Russian gas supply to Europe allayed fears of a recession

Netflix soothes Wall Street concerns with customer growth forecast

Netflix Inc averted its own worst-case scenario of subscriber losses, posting a nearly 1 million drop from April through June

Gazprom Singapore misses LNG deliveries to GAIL amid soaring demand: Report

GMTS is willing to offer a penalty to the Indian company for missed cargoes. One of the sources said the penalty is miniscule compared to spot prices of LNG.

Oil steady as economic slowdown worries offsets tight supplies, weak dollar

Brent futures for September delivery fell 14 cents, or 0.1%, to $106.13 a barrel by 10:48 a.m. EDT, while U.S. West Texas Intermediate (WTI) crude for August fell 27 cents, or 0.3%, to $102.33

Judge sets October trial to decide Musk's $44-bn deal for Twitter

Twitter and Musk laid out competing proposals for the trial date in court on Tuesday, with Musk pushing for a trial in February