Page 879 - Reuters

India's rice planting down 46% from last year over weak monsoon start

The area planted with cotton totalled 3.18 million hectares, down from 3.73 million hectares a year earlier

US dollar headed for first weekly decline in June as traders dial down bets

Dollar lost some of its shine since investors started betting the Fed could slow the rate-tightening pace following another 75 basis-point increase in July, and may start easing policy after Mar 2023

Indian Oil expects prices to stay over $100/bbl in 2022 amid Ukraine crisis

An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis

Inflation likely to exceed top of RBI band until December: Shaktikanta Das

India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Das said in an article

Humble rice bran becomes hot commodity as India scours for edible oils

Rice bran prices have jumped to 30,000 rupees to 36,000 rupees per tonne compared with paddy prices of around 19,000 rupees, which is milled for rice extraction

Oil trades sideways on fears of slower demand, supply uncertainty

Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling U.S. economic activity with supply uncertainty

US Supreme Court strikes down New York's limits on concealed guns

The decision represents the court's most important statement on gun rights in more than a decade

Gold ekes out gains as recession fears mount, treasury yields retreat

Spot gold rose 0.3% to $1,842.85 per ounce by 1411 GMT. U.S. gold futures inched 0.4% higher to $1,845.20

Recession certainly a possibility, says Powell; global growth outlook weak

'The central bank was not trying to engineer a recession in the United States to stop inflation but was fully committed to bringing prices under control even if doing so risks an economic downturn'

Wall Street struggles for direction on growing recession fears

Lower bond yields lift some technology stocks; Accenture stock slides on tepid current-quarter sales view

Oil prices weaken on hawkish Fed rhetoric, concerns about demand

US Federal Reserve chief Jerome Powell said the central bank was focused on fighting inflation and that the labor market was unsustainably strong

Crypto broker Voyager Digital lowers daily withdrawal limits to $10,000

The change comes after the company on Wednesday said its subsidiary may issue a default notice to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to repay its loan

Accenture forecasts fourth-quarter revenue below estimates on forex hit

Accenture cut the higher end of its annual profit forecast range. It expects fiscal 2022 earnings per share to be in range of $10.61 to $10.70, compared with its previous estimate of $10.61 to $10.81

Germany triggers gas alarm stage, accuses Russia of 'economic attack'

Russia has denied the gas supply reductions were premeditated, with state supplier Gazprom blaming a delay in return of serviced equipment caused by Western sanctions

Gold prices dip after US Fed chief pledges to keep up inflation fight

Spot gold fell 0.2% to $1,834.33 per ounce by 0733 GMT. U.S. gold futures eased 0.1% to $1,835.60

Citi sees chances of global recession nearing 50% due to Ukraine war, Covid

Recession is an 'increasingly palpable risk' for the economy, Citigroup analysts wrote in a note on Wednesday

Wall Street's hiring frenzy eases as worries grow over economy, market fall

Soaring inflation exacerbated by Russia's invasion of Ukraine and resulting interest rate hikes are making some Wall Street companies nervous about the risk of a recession

Fall in onshore forward premiums could push Indian rupee even lower

On Wednesday, the rupee touched a record low of 78.39 against the dollar despite a sharp fall in global crude oil prices, pushing forward premiums down

Global stocks, oil and copper fall as investors expect Fed rate hike

Fed is expected to deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September

India aims to keep FY23 fiscal deficit at last year's level: Report

Efforts to maintain some fiscal discipline reflect New Delhi's concern around risks to its sovereign credit rating, but will likely limit the govt's firepower