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Gold gains 1% as dollar, Treasury yields ease as Fed verdict looms

Spot gold climbed 0.9% to $1,824.80 per ounce by 1002 GMT while U.S. gold futures rose 0.8% to $1,827.30

Ford Motor recalls nearly 3 mn US vehicles over rollaway concerns

Ford said it is aware of six reports alleging property damage and four reports of injuries potentially related to the recall population

Crypto exchange Binance opens 2,000 positions for hiring, says CEO

This is in sharp contrast to a slew of job cuts by companies operating in the digital currency space

WTO makes final negotiations for trade deals, with eyes on defiant India

The 164-member body is seeking to agree on a response to the Covid-19 pandemic, a reduction of fishing subsidies, pledges on food security and the launch of an internal reform.

Emergency ECB meeting lifts European markets, Fed ready to go big

The euro jumped almost 0.75% to $1.0487 pushing the dollar index off a 20-year high in the process.

Baidu in talks to sell majority stake in China's answer to Netflix: Report

Baidu plans to sell all its holdings in iQIYI, stake sale could value iQIYI at about $7 bn, say sources

WTO members make final push for trade deals, with eyes on defiant India

WTO DG Ngozi Okonjo-Iweala told the more than 100 ministers present that time was running out and that they should "go the extra mile" to converge on the full range of issues

Policymakers look to rains, not just rates, to cool hot inflation: Report

Like its international peers, the Reserve Bank of India is expected raise rates aggressively over the next year to take some of the heat out of prices

China's factories perk up, but weak consumption show slow economic recovery

China's economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak

Asia shares subdued, dollar on a high as Fed's aggresive rate hike looms

Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates

MicroStrategy can withstand bitcoin volatility: CEO amid margin call fears

MicroStrategy CEO Michael Saylor said the software firm was capable of withstanding volatility in bitcoin prices after the token slumped to levels that triggered fears of possible liquidation

Russian forces cut off last routes out of Ukraine city, says report

Russian troops were "trying to gain a foothold in the central part of city", the Ukrainian military said on Tuesday in its daily roundup of the conflict in various parts of the country

Crypto exchange Coinbase to cut 1,100 jobs amid turmoil in crypto markets

The layoffs come a day after Bitcoin fell as much as 14% after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers

OPEC keeps forecast for 2022 oil demand to exceed pre-Covid levels

OPEC leaves 2022 oil demand growth forecast at 3.36 mbpd, cuts 2022 Russian output forecast, leaves US shale steady

Tesla India policy exec quits after company puts entry plan on hold: Report

Manuj Khurana, policy and business development executive at Tesla in India, was hired in March 2021 and played a key role in forming a domestic market-entry plan for the US carmaker in the country

Bitcoin hovers near MicroStrategy's 'margin call' price of $21,000

By Tom Westbrook

Gold eases as dollar resumes rally in run up to Fed rate hike decision

Spot gold fell 0.4% to $1,811.80 per ounce by 12:33 p.m. EDT (1633 GMT), while U.S. gold futures slipped 1% to $1,813.40.

El Salvador's bitcoin holdings value slashed in half by crypto sell-off

The 10 purchases announced by President Nayib Bukele via Twitter have a market value of just over $51 mn, with the biggest single trade - 420 coins at more than $59,000 per coin - down almost 63%

Wall Street slips heading into Fed's big rate decision; FedEx, Oracle rise

FedEx jumps after lifting quarterly dividend by more than 50%; Oracle rises as sales, profit top estimates on cloud boom; Continental Resources jumps on buyout proposal from founder

Bitcoin stems heavy losses but pessimism reigns in crypto markets

Bitcoin clawed its way to positive territory after falling as much as 7.3% to $20,816, its lowest since Dec 2020