Page 682 - Reuters

Rupee dips tracking Asia FX, eyes US Fed chief testimony this week

By Sethuraman N R

Xi Jinping hails 'progress' as he meets Blinken during rare China trip

The two delegations then faced each other across a long conference table bedecked with pink lotus flowers, with Xi at the head and Blinken just to his right

Reliance Industries resumes vessel operations at Sikka port in Gujarat

Several ports in Gujarat had suspended cargo operations last week due to unsafe weather conditions at sea

Late push to extend coal subsidies upsets EU deal on energy reforms

The proposed reform aims to make power prices more stable and predictable, by putting new state-backed renewables and low-carbon nuclear plants onto fixed-price contracts for difference

Israel govt to approve 'thousands' of building permits in West Bank

Thousands of permits to be given despite US pressure to halt settlement expansion, which is seen as an obstacle to peace with Palestinians

ONGC chief expects Russian oil to make up 30% of India's imports: Interfax

Russia has been redirecting its energy supplies from Western countries which have imposed restrictions and sanctions on trade with Moscow

Oil heads for weekly gains as supply cuts balance demand concerns

Brent crude gained 48 cents to $76.15 a barrel by 1:16 p.m. EDT (1316 GMT). U.S. West Texas Intermediate (WTI) crude rose 59 cents to $71.21

World shares jump to 14-month highs after heavy central bank week

A gauge of global stock markets jumped to a fresh 14-month high on Friday, while the US dollar headed for its biggest weekly slide since January following a heavy week of central bank meetings

Can use nuclear weapons but won't, says Russia President Vladimir Putin

He also said Russia's military could destroy parts of central Kyiv but had chosen not to for various reasons.

Willing to engage in tech co-op with US, Xi Jinping tells Bill Gates

Says he welcomes American AI technology in China

Toxic cough syrup risk 'ongoing' and more countries hit, says WHO

The U.N. agency has already named nine countries where tainted syrups may have been on sale, after the deaths of more than 300 infants on three continents last year were linked to the drugs

JBM Auto top contender for controlling stake in SML Isuzu: Report

JBM is mulling various options to acquire the shareholding, including cash as well as a share swap deal, the report added

Crude oil slumps on demand concerns amid rising rates offset supply cuts

Brent crude fell 49 cents, or 0.7%, to $75.18 a barrel by 1005 GMT while U.S. West Texas Intermediate (WTI) crude slipped 63 cents, or 0.9%, to $69.99

Bank of Japan keeps low rates and dovish guidance, markets not so sure

Central bank reiterated its view that inflation will slow later this year and pledge to "patiently" sustain stimulus

PM Modi to address FedEx, Mastercard, other US CEOs during US trip

Biden has been eager to strengthen ties with India as part of his bid to win what he has framed as a contest between free and autocratic societies, especially China

TCS, Transamerica end $2 billion contract due to macro environment

The 10-year contract, signed in early 2018, involved TCS working with U.S.-based Transameria to enable the digitization of more than 10 million policies into a single integrated platform

Four major western banks cut China's 2023 GDP forecast as recovery falters

UBS, Standard Chartered, Bank of America (BoA) and JPMorgan now expect China's GDP growth to be between 5.2% and 5.7% this year, down from an earlier range of 5.7% to 6.3%

Merchandise import jump in May signals stable local economy: Economists

Merchandise imports advanced 14.5% over the previous month to $57.1 billion, while exports inched up 0.7% to $35 billion

Singapore Airlines denies media report on raising stake in Air India

Singapore Airlines said it has not raised its stake in Air India from the 25.1% which it secured as part of the Tata Group's Vistara merger to create a bigger full-service India's national carrier

GAIL India issues swap tender for 12 LNG cargoes in 2024, say reports

GAIL (India) Ltd has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the US in exchange for 12 cargoes for delivery into India in 2024, two industry sources said