Page 1106 - Reuters

Govt puts on hold proposal to cut import duty on edible oils: Report

Household consumption is expected to decline the longer prices remain elevated.

Gold hovers near one-month low after Fed mulls earlier rate hikes

US gold futures were down 2.6% at $1,812.20 per ounce.

Cathay Pacific working with Airbus on single-pilot system for long-haul

The program, known within Airbus as Project Connect, aims to certify its A350 jet for single-pilot operations during high-altitude cruise, starting in 2025 on Cathay passenger flights

Walmart's Flipkart, Amazon challenge India court order on antitrust probe

The companies have denied wrongdoing and near-immediate legal challenges from the pair stalled the investigation for more than a year until a court last week ruled it could resume

TikTok owner ByteDance's 2020 revenue soars, net loss at $45 billion: Memo

TikTok owner ByteDance's total revenue more than doubled last year to $34.3 billion but its net loss widened to $45 billion, according to a company memo seen by Reuters

Blackstone to buy out office developer SOHO China in $3-billion deal

The founders of the Chinese office developer will retain a 9% stake in the company

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