Page 1065 - Reuters

Gold prices slip to over 4-month low on early US Fed tapering fears

Spot gold fell 1.1% to $1,744.25 per ounce by 0616 GMT.

China central bank to keep monetary policy 'flexible and appropriate'

In its second-quarter monetary policy implementation report, the People's Bank of China said it would keep liquidity reasonably ample

BioNTech says Covid-19 vaccine repeats beat devising new one for now

The German biotech firm said that offering a third dose of its established two-shot vaccine remained the best response to concerns over waning immune protection

India's fuel demand rose 7.9% y-o-y in July at 16.83 million tonnes

Consumption of fuel, a proxy for oil demand, totalled 16.83 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed

BioNTech says has supplied more than 1 billion Covid vaccine doses so far

BioNTech and partner Pfizer have supplied more than one billion doses of their vaccine as per July 21, a bigger number than delivered by competitor AstraZeneca the German biotech Group said

SoftBank-backed Oyo shortlists 3 investment banks for $1.2-bn IPO: Report

The hotel aggregator, in which SoftBank owns a 46% stake and is one of its biggest bets, has endured months of layoffs, cost cuts and losses during the global health crisis

India considering sharp import tax cuts on EVs after Tesla lobbying: Report

For imported EVs with a value of less than $40,000, the govt is discussing slashing the tax rate to 40% from 60% presently, say officials aware of the development

Sunflower oil imports could jump to record as prices dip below soyoil

India is the world's biggest importer of edible oils and higher purchases of sunflower oil could help exporters such as Argentina, Russia and Ukraine to dispose of surplus output.

Oil prices drop 4% on China's Covid restrictions and climate warning

Brent crude futures fell by $2.82, or 4.2%, to $67.88 a barrel by 0930 GMT after a 6% slump last week for their biggest weekly loss in four months.

Private equity firms revise China strategy as regulatory crackdown widens

Private equity and venture capital funds are pivoting away from data-heavy, consumer-facing internet companies to sectors including semiconductors and renewable energy, industry executives said

Saudi Arabia's economy returns to growth after pandemic slump

The data, which showed the economy growing 1.5% from a year ago, prompted economists to expect faster expansion in the second half of the year with the oil sector benefiting from higher output.

Global stocks tread water as gold slides and oil takes a spill

The FTSE Eurofirst 300 index was trading flat, Britain's FTSE 100 index dipped 0.3% and Germany's DAX 30 fell 0.3%.

Oil slides on China's travel curbs amid Covid-19, strengthening US dollar

By Sonali Paul

China's Alibaba fires manager accused of sexually assaulting employee

By Josh Horwitz

Saudi Aramco Q2 profit up on higher prices, declares $18.8 bn as dividend

Company says its results were supported by the global easing of Covid-19 restrictions, vaccination campaigns

Indian bankers in talks as court rulings threaten over $6 billion in loans

Any failure to recoup money adds to stress in banking sector, which is dealing with increased level of bad loans and reduced profits because of the impact of the pandemic

Rocked by sexual assault claim, Alibaba starts probe, suspends staff

Chinese e-commerce giant Alibaba Group said it has suspended several staff following an employee's allegations on the company's intranet that she was sexually assaulted by her boss and a client

Berkshire Hathaway operating profit rises 21%, showing signs of recovery

Net income, including gains from common stock investments, rose 7% to $28.1 billion

China's July foreign exchange reserves rise to $3.236 trillion

China held 62.64 million fine troy ounces of gold at the end of July, from 62.64 million ounces at the end-June.

Banker behind report alleging HSBC racism resigns over lack of support

By Lawrence White