Page 1105 - Reuters

Indian shares open lower as financials weigh; Fed signals rate hikes

Indian shares fell for a second straight session, hurt by heavyweight financials stocks and RIL, with sentiment dented by the US Fed projection of hiking interest rates sooner than expected

Gold stages slight rebound on bargain hunting after Fed's hawkish tone

Spot gold was up 0.6% at $1,822.36 per ounce, as of 0235 GMT

FAA mandates Boeing 737 MAX inspections for key automated flight system

The directive makes mandatory instructions released by Boeing in December that recommend planes with more than 6,000 flight hours be subject to specific electronic checks

India's H-Energy signs LNG deal with Bangladesh's state-run Petrobangla

Both firms will finalise a long-term supply agreement to start the supply of LNG to Bangladesh through a cross-border natural gas pipeline

China's IPO-bound Didi Chuxing probed for antitrust violations, say sources

the ride-hailing giant is pushing ahead with what could be the largest initial public offering in the United States this year

Gold slides over 1% after Federal Reserve projects rate hikes into 2023

The central bank however held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery

India's fuel sales recover as coronavirus lockdown restrictions ease

Many Indian states have now begun easing Covid-19 restrictions as the number of new infections dropped to the lowest in more than two months.

Oil prices hit new high near $75 on demand rise, falling inventories

Brent has risen 44% this year

China's factory output, retail sales, investment miss expectations in May

Industrial production grew 8.8% in May from a year ago, slower than the 9.8% uptick in April

Brent gains for fifth day as demand outlook improves, stocks fall

Brent crude was up 66 cents, or 0.9%, at $74.65 a barrel by 0445 GMT, the highest since April 2019

Fed officials expected to signal start of monetary policy shift debate

Federal Reserve officials on June 16 are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies

Gold extends losing streak to fourth day on worries over Fed taper talk

Gold prices fell on Wednesday for a fourth straight session, hurt by a stronger dollar as investors awaited the outcome of the U.S. Federal Reserve's latest meeting

India's fuel sales recover from June lows, still lower than last year

Domestic fuel sales by Indian state refiners recovered in the first half of June due to the easing of coronavirus lockdowns across the country, preliminary data shows

Hyundai Motor Group chases local chipmakers to cut exposure to shortage

Hyundai officials have met with local "fabless" firms - which design chips but outsource manufacturing to the likes of TSMC and Samsung Electronics Co Ltd

Oil bulls take charge as demand outlook improves, Brent up a fifth day

U.S. crude gained 66 cents, or 0.9%, to $72.78 a barrel, after rising 1.7% in the previous session

US IPOs hit annual record in less than six months, no signs of slowing down

U.S. initial public offerings have already totalled $171 billion, eclipsing the 2020 record of $168 billion, according to data from Dealogic.

Major traders see oil staying above $70/ barrel, $100 not impossible

Oil prices crashed in April last year when the Covid-19 movement restrictions hit their peak with the U.S. crude benchmark turning negative for the first time.

Wall Street slips as Fed mulls policy, economic data disappoints

The readings have investors wondering if the Fed may come out of its meeting Wednesday with any indication it is tweaking its go-slow approach.

Oil up nearly 2% to multi-year highs on demand expectations

By Stephanie Kelly

Alibaba senior executive says founder Jack Ma 'lying low': Report

Ma, China's best-known entrepreneur, has been largely out of public view since last year