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Germany triggers gas alarm stage, accuses Russia of 'economic attack'

Russia has denied the gas supply reductions were premeditated, with state supplier Gazprom blaming a delay in return of serviced equipment caused by Western sanctions

Gold prices dip after US Fed chief pledges to keep up inflation fight

Spot gold fell 0.2% to $1,834.33 per ounce by 0733 GMT. U.S. gold futures eased 0.1% to $1,835.60

Citi sees chances of global recession nearing 50% due to Ukraine war, Covid

Recession is an 'increasingly palpable risk' for the economy, Citigroup analysts wrote in a note on Wednesday

Wall Street's hiring frenzy eases as worries grow over economy, market fall

Soaring inflation exacerbated by Russia's invasion of Ukraine and resulting interest rate hikes are making some Wall Street companies nervous about the risk of a recession

Fall in onshore forward premiums could push Indian rupee even lower

On Wednesday, the rupee touched a record low of 78.39 against the dollar despite a sharp fall in global crude oil prices, pushing forward premiums down

Global stocks, oil and copper fall as investors expect Fed rate hike

Fed is expected to deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September

India aims to keep FY23 fiscal deficit at last year's level: Report

Efforts to maintain some fiscal discipline reflect New Delhi's concern around risks to its sovereign credit rating, but will likely limit the govt's firepower

Russian oil tankers get safety cover in India via Dubai company: Report

ndia is providing safety certification for dozens of ships managed by a subsidiary of top Russian shipping group Sovcomflot

Bangladesh tries to secure wheat from Russia as India stops exports-sources

The supply deal with Russia, the world's biggest wheat exporter, could help Dhaka in meeting its needs below the elevated global prices, industry officials said

US recession fears darken outlook for Japan and global factories

Australia's manufacturing activity held steady this month, data showed on Thursday which, together with Japan's figures, come ahead of a string of European and U.S. purchasing managers' index

Thyssenkrupp, Tata Steel lose fight against EU veto of joint venture

The companies had sought to tackle over-capacity and other challenges in the steel industry via the joint venture but the European Commission said the deal could result in price hikes.

Meta and other tech giants form metaverse standards body, exclude Apple

Participants in the Metaverse Standards Forum include many of the biggest companies working in the space, from chip makers to gaming companies

Govt won't offer tax waivers to be part of global bond index sooner

Under existing rules, an overseas investor is required to pay a short-term capital gains tax of 30% if a listed bond is sold within 12 months

Russian oil tankers get India safety cover via Dubai company: Report

Certification by Indian Register of Shipping provides a final link in paperwork chain needed to keep state-owned Sovcomflot's tanker fleet afloat and delivering Russian crude oil to overseas markets

Oil prices tumble nearly 3% as investors eye US Fed rate hikes

Brent crude futures were down $2.95, or 2.6%, to $111.70 a barrel by 12:43 p.m. EDT (1643 GMT)

Committed to fight inflation but not trying to trigger recession: Fed chair

'It's essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit all,' Fed chair said at a hearing before US Senate Banking Committee

Nasdaq turns positive after Fed chair's remarks on policy outlook

In his prepared remarks before the Senate Banking Committee, Jerome Powell reiterated that ongoing increases in the policy rate would be appropriate

Bangladesh tries to secure wheat from Russia as India stops exports: Report

The supply deal with Russia, the world's biggest wheat exporter, could help Dhaka in meeting its needs below the elevated global prices, industry officials said.

World stocks, oil fall as recession fears mount; yen hits 24-yr low on USD

Enthusiasm that had given Wall Street its best day in a month on Tuesday was suddenly gone as Europe suffered a 1.5% morning drop and Brent crude prices plunged 4%.

Oil slumps $6 a barrel as Biden pushes for U.S. fuel cost cuts

Seven oil companies are set to meet Biden on Thursday, under pressure from the White House to drive down fuel prices as they make record profits