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Gold stalls near three-week peak as traders eye fresh economic cues

By Arundhati Sarkar

India's July fuel demand falls by 16% as monsoon rains restrict mobility

Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods

SpiceJet says all flight ops normal after DGCA slashes fleet to 50%

SpiceJet said on Monday its flight operations remained normal and on schedule, days after the aviation regulator ordered to slash its approved fleet to 50% for eight weeks citing safety snags

Asia shares off to sluggish start, China data soft on Wall Street

Asian share markets got off to a slow start on Monday as disappointing Chinese economic data fed doubts last week's rally on Wall Street could be sustained in the face of determined policy tightening

US dollar wallows near 3-week low on bets for less aggressive Fed

The dollar hung near a three-week low to major peers on Monday as markets continued to wager that the Federal Reserve has less tightening to do with the US economy at risk of recession

Oil prices drop by 63 cents to $103.34 ahead of OPEC+ meeting on Aug 3

Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments

Biden feeling well, isolating after rebound case of Covid: WH doctor

'Given his rebound positivity which we reported yesterday, we continued daily monitoring. This morning, unsurprisingly, his SARS-CoV-2 antigen testing remained positive,' the physician said

On Navy Day, Vladimir Putin says United States is main threat to Russia

Putin's speech did not mention the conflict in Ukraine, but the military doctrine envisages a 'comprehensive strengthening of Russia's geopolitical position' in the Black and Azov seas

5G auction day 5 concludes, will continue for few more days: Vaishnaw

Reliance Industries' Jio, rivals Bharti Airtel and Vodafone Idea, as well as billionaire Gautam Adani's Adani Enterprises Ltd were all among the bidders for 5G airwaves

PM Modi asks states to clear payments to electricity distributors

Prime Minister Narendra Modi on Saturday urged state governments to clear their bills and dues to power distribution firms to help ensure stability in the energy sector

SpiceJet lessor asks DGCA to de-register three planes amid high costs

A Dubai-based lessor of SpiceJet Ltd has asked India's aviation regulator to deregister three of the budget airline's planes as SpiceJet struggles with high costs and maintenance challenges

YES Bank to raise $1.1 billion via stake sale to US private equity firms

Yes Bank Ltd said on Friday it will sell up to 10% stake to U.S. private equity firms Carlyle Group Inc and Advent International for $1.1 billion

Russia asks Sakhalin-2 gas buyers to pay via Moscow-based bank: Report

A second source said the energy company was in discussions to switch payment currencies away from US dollars for supply contracts

Nearly 40 Ukraine prisoners killed in blast, say Russian officials

Russia claimed that Ukraine's military used US-supplied multiple rocket launchers to strike the prison in Olenivka, a settlement controlled by the Moscow-backed Donetsk People's Republic

ExxonMobil and Chevron shatter profit records in second quarter

The US pair, along with UK-based Shell and France's TotalEnergies, combined to earn nearly $51 billion in the most recent quarter, almost double what the group brought in for the year-ago period

World Bank has no new financing plans for crisis-hit Sri Lanka: Report

The government hopes to secure an Extended Fund Facility.

Evergrande offers sweetener for debt revamp as China realty crisis worsens

With more than $300 bn in liabilities, Evergrande, once China's top-selling developer has been at the centre of the crisis and its debt restructuring plan is seen as a possible template for others

World's biggest bond markets back in vogue as recession fears mount

By Dhara Ranasinghe

Sri Lanka resumes bailout discussions with IMF, finance ministry says

Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday.

Dollar rallies from three-week lows as US data shows pick-up in inflation

By Gertrude Chavez-Dreyfuss and Saikat Chatterjee