Page 917 - Reuters%20/undefined

Gold stuck in range as rate hike bets and recession fears collide

Although gold is considered a hedge against inflation and economic uncertainties, rate hikes dim bullion's appeal by increasing the opportunity cost of holding the asset which pays no interest.

Spirit Airlines rejects JetBlue offer, backs merger with Frontier Group

Both JetBlue and Bill Franke-backed Frontier are locked in an intense bidding war for Spirit as they seek to create the fifth-largest airline that can take on the legacy players in the United States

Dollar up, euro down as ECB's Lagarde keeps July policy options open

The ECB is widely expected to follow its global peers by raising interest rates in July to try to check soaring inflation though economists are divided on the magnitude of any rate hike.

EY to pay $100mn to settle US charges of staff cheating on accountant exams

The London-based auditor admitted to the charges and agreed to pay what the SEC said is its largest fine against an auditor

Govt considers allowing some exports of raw sugar piled up at ports: Report

Additional shipments from India, the world's biggest exporter of sugar after Brazil, could weigh on raw sugar futures, which are trading near their lowest in four months.

Scottish government seeks independence vote in October 2023

Scottish First Minister Nicola Sturgeon said she would be writing to British Prime Minister Boris Johnson for permission to hold a consultative referendum

Activists criticise G7's $4.5-bn pledge to fight global hunger

At the end of a three-day G7 summit in the Bavarian Alps, the leaders committed the $4.5 billion to protect the most vulnerable from hunger and malnutrition

Walgreens to retain ownership of UK-based Boots business

The business runs a network of more than 2,200 stores across the UK, as well as private-label brands like No7 Beauty Co. and operations in a smattering of other countries

Global stocks, oil firm as China eases quarantine rules for intl arrivals

Asian shares rose after the announcement and EU stocks were firmly in green which sent the MSCI's benchmark for global stocks into positive territory and on track for its 4th consecutive daily gain

Euro holds below $1.06 as ECB's Lagarde sticks to policy outlook script

Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding near $117 levels pushing Canadian and Australian dollar up 0.3% and 0.4% respectively versus the greenback

Zomato sheds nearly $1 bn in valuation over two days after Blinkit deal

The company's shares fell as much as 14% since the announcement of the deal with the grocery delivery startup

Vedanta Resources urges Zambia to halt search for new KCM investor

Zambia's previous government put KCM in the hands of a liquidator in May 2019, triggering the ongoing legal dispute with Vedanta Resources, KCM's parent company.

Cryptoverse: Ethereum holds breath for blockchain network upgrade 'merge'

The merge finally happening would prove a big relief for ether, which has slumped on past delays and waning confidence in the upgrade

Gold prices steady as investors await fresh impetus; dollar steady

Spot gold held its ground at $1,824.51 per ounce, as of 0246 GMT. U.S. gold futures were flat at $1,824.50

Asian stocks edge down in early trade after Wall Street falls; oil rise

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.7%. The index is down 3.8% so far this month. U.S. stock futures, the S&P 500 e-minis, were up 0.27%

Sri Lanka stops fuel supply to non-essential services as crisis worsens

Fuel stocks set to run out in days without curbs; supplies only to essentials from Tuesday untl July 10; regulator hopes to keep power cuts at 3-4 hrs every day for 2 months

Credit Suisse found guilty by Swiss court in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial; Credit Suisse said the case arose from a investigation that dated back more than 14 years

NATO to boost troops on high alert to over 300,000, says Stoltenberg

Number of troops on high alert would rise seven-fold; change driven by Russia's invasion of Ukraine and aimed at shoring up NATO's eastern flank nearest Russia

UAE, Saudi can barely raise oil output, Macron tells Biden at G7 summit

Brent oil prices jumped by over $2 per barrel to above $115 per barrel on the news amid tight global supplies and rising demand

Wall Street sheds opening gains on losses in high-growth stocks

S&P 500 energy stocks among few gainers; Robinhood rises on Goldman Sachs upgrade