Page 1126 - Reuters

Gold prices dip as dollar, bond yields rise; US inflation data in focus

U.S. gold futures slipped 0.3% to $1,892.30.

Oil prices little changed as Iran concerns offset rosy demand outlook

Brent crude futures for July fell 9 cents, 0.1%, to $69.37 a barrel, while US West Texas Intermediate crude for July was at $66.90 a barrel, up 5 cents, or 0.1%

Tata Digital buys majority stake worth $1.31 bn in online grocer BigBasket

India's antitrust body had in March approved the acquisition of up to a 64.3% stake in BigBasket by Tata Digital

China's factory activity seen growing steadily in May: Reuters poll

China's industrial output saw months of expansion following a Covid-induced slump, although high raw materials costs continue to weigh on the outlook

NSE's Nifty50 index hits record high ahead of crucial GST Council meeting

Financials and materials stocks gained ahead of the 43rd GST Council meet to be chaired Finance Minister Nirmala Sitharaman later in the day

Group behind SolarWinds hack now targetting govt agencies, NGOs: Microsoft

The group behind the SolarWinds cyber attack identified late last year is now targeting government agencies, think tanks, consultants, and non-governmental organizations, Microsoft Corp said

Gold subdued as dollar, yields tick up ahead of US inflation data

Spot gold was down 0.2% at $1,893.07 per ounce by 0308 GMT. Bullion has risen 0.7% so far this week, and was on track for its fourth straight weekly gain.

Asian stocks extend global rally to seventh day; US stimulus in focus

Tokyo led the advance, with the Nikkei jumping 1.9% early in the session. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3%, hitting its highest level this month

Gold flat as dollar and yields firm up ahead of US inflation data

An uptick in the dollar and US Treasury yields pressured bullion, while investors awaited crucial US inflation data later on Friday

Brent nudges towards $70 a bbl on rosy US data, oil demand outlook

US inflation data will be released later in the day on Friday

Covid toll on Indian economy deepens, jobs crisis to worsen: Reuters poll

Renewed restrictions have stalled economic activity, leaving many millions out of work and pushing economists to downgrade their views for the second time since early April

Indian states' fisc to depend on Covid infections, vaccinations: Icra

The rating agency has said that there may be a considerable variation across states depending on the impact of the Covid-19 infections, restrictions and vaccinations

Hyundai to slash its combustion engine line-up, invest in EVs: Sources

The move is expected to result in a 50% reduction in models powered by fossil fuels

SoftBank Group chief executive Masayoshi Son's pay fell by half last year

The disclosure ahead of SoftBank's annual general meeting on June 23 follows a turbulent year which saw the group pounded by the Covid-19 pandemic before rebounding to record profit

China's industrial profits growth slows in April amid high commodity prices

Profits at China's industrial firms rose 57% year-on-year in April to 768.63 billion yuan ($120.22 billion), down from 92.3% in March, data from the National Bureau of Statistics (NBS) showed

Dow, S&P 500 gain at open as weekly unemployment claims decline

Lower jobless claims pointed to an improving outlook for the US economy

BPCL may resume Iranian oil buying if no sanctions, needs concessions

India is the world's third largest oil consumer and importer

Workers at Ford's Chennai plant stage protest to seek halt amid Covid surge

The incident is the latest expression of discontent and reluctance among factory employees in Tamil Nadu, home to India's flourishing automobile industry, to work amid a surge in virus infections

US stock index futures dip ahead of weekly unemployment claims data

Investor focus on Thursday will be on the Labor Department's weekly jobless claims report, considered the most timely indicator of economic health.

Government scraps local trials for foreign vaccines to fast-track imports

Govt says working with Pfizer for earliest import; multiple rounds of talks held with J&J, Moderna