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Global stocks shaky as hawkish Reserve Bank of Australia heightens worries

Reserve Bank of Australia raised rates by most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, driving a brief spike in the Aussie and hitting local shares

Oil prices inch higher on relaxed China Covid curbs, tight supplies

Brent crude futures were up 28 cents, or 0.2%, at $119.79 barrel at 0601 GMT

Dollar extends 20-yr high vs yen amid inflation jitters; Aussie slips

The dollar continued its overnight rally into Asian trading hours on Tuesday, hitting fresh two-decade highs versus the yen

New social media laws in response to rights violations, says Centre

The Indian government last week released a draft of changes to its IT law that would require companies to "respect the rights accorded to the citizens under the constitution of India"

Panicked traders boost forward buys of Indian rice fearing a ban

In the last two weeks, traders have signed contracts to export 1 million tonnes of rice for shipments from June through September

UK PM Boris Johnson wins confidence vote but suffers big rebellion

British Prime Minister Boris Johnson wins confidence vote with 59% share

US apex court seeks President Joe Biden's views over Pegasus dispute

The justices are considering NSO's appeal of a lower court's decision allowing the lawsuit to move forward

How Binance became a hub for hackers, fraudsters and drug traffickers

In as little as nine minutes, using only encrypted email addresses as identification, the Lazarus hackers created Binance accounts and traded crypto stolen from Eterbase, the Slovakian exchange

Tension at Toshiba erupts into public row as directors trade barbs

The rift is the latest in a long-running crisis that has seen management and shareholders locked in a dispute over the future of the company

WWDC 2022: Apple dives deeper into autos with software for car dashboard

The new software will for the first time power the instrument cluster on a car's dashboard showing speed, directions and gas mileage

Apple announces option to buy now and pay later, edit button for messages

Users can make four equal payments with no interest or fees on Apple Pay Later.

Oil tops $120 a barrel on Saudi raising prices despite OPEC+ deal

US West Texas Intermediate (WTI) crude futures rose 8 cents, or 0.1%, to $118.95 a barrel after hitting a three-month high of $120.99. The benchmark fell by $1 earlier in the session.

S&P 500, Nasdaq edge higher in choppy trade as growth stocks rise

Alphabet, Amazon lead gains among megacap stocks; all eyes on US CPI report later this week; Didi surges on report China to conclude regulatory probe

Gold imports surge multifold ahead of key festivals, wedding season

In value terms, May imports surged to $5.83 billion from $678 million a year ago

Musk says he may drop Twitter deal if data on fake accounts not provided

This is the first time Musk has threatened to walk away from the $44-bn deal in writing as opposed to airing it on Twitter's social media platform

TCS sees fall in staff attrition, robust demand for IT services: Top exec

More tech talent is expected to enter the job market from startups facing funding crunches, as central banks withdraw stimulus and hike rates: Girish Ramachandran

Liquidity withdrawal expected as RBI set to hikes rates on Wednesday

RBI Governor Shaktikanta Das said late last month the bank's primary focus was to bring inflation down closer to target but it could not disregard concerns around economic growth

Gold firms below recent highs as rate-hike by world central banks weigh

Spot gold was up 0.1% at $1,851.98 per ounce, as of 0752 GMT, while US gold futures rose 0.2% to $1,854.60.

Global stocks, dollar firm ahead of rate meetings, crude hits $120

The European Central Bank meets on Thursday, though it is not expected to begin raising interest rates until July, with rate setters at the US Federal Reserve and Bank of England gathering next week

Euro edges higher as risk appetite picks up, focus on ECB policy meeting

Markets, which have already priced in several ECB rate increases and the end of bond-buying stimulus, want more clarity on what comes after.