Page 1113 - Reuters

G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations: US

The issue will be on the table when G7 leaders discuss how to help steer the world's recovery from the coronavirus pandemic at a 3-day summit in Cornwall, southwestern England, which begins Friday

Pakistan, in bailout deal with IMF, sets 4.8% GDP growth target for 2021-22

Pakistan's economy suffered a 0.47 per cent contraction in FY2019/20

EU adds another rare blood condition as side effect of AstraZeneca shot

Cites another rare blood condition as side effect

Palm oil prices fall most in nearly a month due to technical selling

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market

Oil prices rise to fresh multi-year highs on fuel demand recovery

Brent crude futures edged up 13 cents to $72.65 a barrel to 1145 GMT, a day after closing at their highest since May 2019

Opec+ complies with 115% of agreed oil output targets in May: Report

OPEC and its allies maintained strong compliance with agreed oil output targets in May, when the first part of a gradual production increase took effect

Mcdonald's says S Korea, Taiwan operations hacked; customer info exposed

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Karnataka HC dismisses petitions by Amazon, Flipkart to quash CCI probe

The Competition Commission of India (CCI) announced a probe in January 2020 into Amazon and Flipkart following a complaint from a trader group

European shares hit record high, bond yields fall as inflation fears ease

The MSCI world equity index, which tracks shares in 49 countries, gained 0.1%. Wall Street futures were flat.

OPEC+ will need to boost output to meet 2022 demand recovery: IEA

The IEA shocked the energy industry with its "Net Zero by 2050" report on May 18

Oil prices dip, but head for third weekly rise on demand recovery

Brent crude futures edged down 4 cents, or 0.06%, to $72.48 a barrel at 0658 GMT

Gold tops $1,900/oz mark as dollar, bond yields dip after US data

US gold futures rose 0.4% to $1,903.90 per ounce.

Oil rally has more room, Brent expected to hit $80 per barrel: Goldman

US investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue

Asia stocks up, US bond yields dip to 3-month low as inflation fears ease

US bond yields dipped to three-month lows and a broad gauge of Asian shares rose on Friday as investors looked past rising US consumer prices

Gold breaches $1,900 mark as dollar, yields dip after US inflation data

Spot gold was up 0.1% at $1,900.10 per ounce, as of 0518 GMT

Oil prices retreat, but heads for third weekly rise on demand recovery

Brent crude futures fell 16 cents, or 0.22%, to $72.36 a barrel at 0558 GMT, after closing at its highest since May 2019 on Thursday

Detroit becomes 'Jeep City' with first new auto assembly plant in 30 years

Inside the first new auto assembly plant built in the Motor City since 1991, the smell of hot metal hangs in the air as new Jeep Grand Cherokee L SUVs head down the welding line

Frequent run-ins with Indian govt cloud US big tech's expansion plans

India is a massive market for US tech giants, biggest for both Facebook and WhatsApp by user numbers and third for Twitter

Young, Indian, unvaccinated: The world's largest inoculation drive falters

Vaccinations opened up from May 1 for people aged between 18 and 45, leading to a surge in sign-ups. But there was no corresponding increase in vaccine supplies.

SoftBank's PayPay surges ahead in Japan's digital payments race

PayPay is emerging as key driver of a government-supported consumer shift away from cash as Japan grapples with deepening labour shortages