Page 864 - Reuters

SoftBank to book $34-bn gain on Alibaba shares; reduce stake to 14.6%

The transaction 'will be able to eliminate concerns about future cash outflows, and furthermore, reduce costs associated with these prepaid forward contracts', SoftBank said

Musk sells Tesla shares worth $6.9 bn, cites chance of forced Twitter deal

Shares of the microblogging site rose 3.5% to $44.35 in premarket trading, but were still trading significantly below Musk's offer price of $54.20 per share

Dollar trades solidly in calm before inflation data storm; rate hike likely

Economists expect year-on-year headline inflation running at a scorching 8.7%, a small retreat from June's whopping 9.1% figure

JSW Energy unit to buy $1.3 billion renewable assets from Mytrah Energy

India's JSW Energy said on Wednesday that its unit JSW Neo Energy has agreed to buy some renewable energy capacity from Mytrah Energy (India) for about 105.30 billion rupees ($1.32 billion).

Oil prices see-saw, settle on Russian pipeline constraints, recession fear

Crude prices have been under pressure for weeks as fears mounted that a recession could cut oil demand

Boeing deliveries slip to five-month low of 26 airplanes in July

July's Boeing data does, however, underscore industrial snags testing the aerospace industry after Airbus reported lower July deliveries on Monday

Russia launches Iranian satellite into orbit from southern Kazakhstan

Iran says the satellite is designed for scientific research including radiation and environmental monitoring for agricultural purposes

Nasdaq slides 1% as chipmaker Micron's warning rekindles tech rout

Micron falls on lowered revenue forecast; semiconductor stocks drop for third session, down 27.3% YTD; Novavax falls 29% after cutting revenue view by half

Oil rises over $1 a barrel as Russian pipeline halt revives supply fears

Russian pipeline monopoly Transneft said Ukraine had suspended oil flows via the pipeline leg because Western sanctions had prevented a payment from Moscow for transit fees from going through.

Global stocks slip as caution reigns ahead of US inflation data tomorrow

Stakes are high for July US consumer prices report on Wednesday after an unexpectedly strong US jobs data last week boosted expectations of a sharp interest rate increase to tackle soaring inflation

Oil prices slip amid chance of Iran nuclear deal supply boost

By Alex Lawler

Gold consolidates as traders brace for US inflation data on Wednesday

By Arundhati Sarkar

EU regulator begins review of Pfizer-BioNTech's variant-adapted Covid shot

The so-called bivalent vaccine targets two strains of the SARS-CoV-2 virus behind COVID

Chennai refinery's crude runs cut by 25% as residents complain of odour

Chennai Petroleum Corp said it had cut crude processing by a quarter at its 201,000 barrels per day Manali refinery, following an order by the Tamil Nadu state pollution control board

Gold eases as investors await US inflation data due later this week

Gold prices edged lower on Tuesday as investors awaited U.S. inflation data due later in the week that could offer more clarity on the Federal Reserve's rate-hike plans to combat rising prices.

Asia stocks wobble as focus turns to US inflation data, aggressive Fed hike

The unexpectedly strong US jobs data on Friday have raised the stakes for the July US consumer prices report due on Wednesday, especially for the Fed's policy outlook

India's July fuel demand rises 6.1% year-on-year, reveals ministry data

Consumption of fuel, a proxy for oil demand, totalled 17.62 million tonnes in July, down 5.7% from 18.68 million tonnes in June

Oil prices edge up as strong economic data feeds hopes for demand

Brent crude futures were up 93 cents, or 0.9%, at $95.85 a barrel by 11:20 a.m. ET (1520 GMT). U.S. West Texas Intermediate crude was at $89.68 a barrel, up 67 cents, or 0.8%.

Biden 'concerned' as China extends military drills around Taiwan

Pelosi's visit infuriated China, which responded with test launches of ballistic missiles over Taipei for the first time, as well as by ditching some lines of dialogue with Washington

Goldman sees strong case for higher oil prices despite negative shocks

The market will remain in unsustainable deficits at current prices and balancing it will still require 'demand destruction on top of the ongoing economic slowdown', says the investment bank