Page 879 - Reuters

Gold price stalls as pre-Federal Reserve verdict jitters grip investors

Spot gold was flat at $1,719.49 per ounce by 1438 GMT. U.S. gold futures were little changed at $1,719.10.

IMF cuts global growth outlook, warns high inflation threatens recession

Global real GDP growth will slow to 3.2% in 2022 from a forecast of 3.6% issued in April, the IMF said in an update of its World Economic Outlook

Wall Street falls as Walmart warning rattles retail stocks; GE jumps

Walmart cuts profit forecast, drags retailers; McDonald's up as sales and profit top estimates; GE jumps on higher profit, Coca-Cola up on forecast raise

Canada's Shopify cuts 10% of workforce on slowing online orders

US-listed shares fell 14.7% to $31.29 after the company said it witnessed a pullback in online orders

Cryptoverse: What crisis? Venture capitalists bet big on crypto boom

Some VCs are shrugging off the gloom, with many deploying substantial war chests as their faith in the underlying tech behind crypto coins remains strong

Alibaba aims to add primary listing in Hong Kong, woo China investors

Removes Ant executives amid shake-up, increased scrutiny

Pakistan raises power prices amid energy crisis despite rampant inflation

Inflation last month reached 21.3%, driven mainly by rising food costs, and the country also faces fast-depleting foreign reserves, a depreciating currency and widening current account deficit

Bangladesh seeks $4.5-billion IMF loan amid forex worries: Report

Known for its big garment-exporting industry, Bangladesh has sought the funds for its balance of payment and budgetary needs, as well as for efforts to deal with climate change

Elon Musk asks judge to start five-day Twitter trial on Oct 17

The chief judge on Delaware's Court of Chancery last week ordered an October trial, which promises to be one of the biggest Wall Street legal fights in years

India's June crude oil imports up 21% on demand recovery, Russian discounts

Fuel consumption in the world's third-biggest oil consumer also increased in June, and seemed to be heading back towards pre-pandemic levels.

Fed rate-path uncertainty, European gas crunch dominate currency markets

The U.S. Federal Reserve starts a two-day meeting later in the day and is expected to deliver a 75 basis-point interest rate rise.

Asia shares bounce on China property fund as Fed rate hike looms

FTSE futures edged up 0.15%. U.S. markets are likely to open lower, with E-mini futures for the S&P 500 index down 0.32%

Rupee weakens slightly, bonds yield little changed; Fed meet in focus

The Indian rupee weakened slightly against the dollar on Tuesday, while bond yields were little changed, as investors awaited the outcome of the US Federal Reserve's policy meeting

Asian stocks wobble on Walmart warning, looming US Fed rate hike

MSCI's broadest gauge of Asia stocks outside Japan meandered just above flat. Japan's Nikkei fell 0.2% and S&P 500 futures were down 0.4%

Global growth fears, Fed reserve rate hike keep US dollar propped up

The dollar wobbled around just below multi-decade peaks on Tuesday, as traders waited on a rate hike from the US Federal Reserve

Nasdaq falls with dollar, oil rises; earnings, Fed rate hike in focus

Nasdaq closed lower on Monday after a choppy session for US equities ahead of a big week of technology earnings reports while oil prices rose

Tesla raises spending plan, discloses new subpoena on Musk's 2018 tweet

The company now expects to spend between $6 billion and $8 billion this year and each of the next two years, up from its previous expenditure plan of $5 billion-$7 billion

Global gasoline cracks collapse, blow to refiners' profits: Report

Refiners will be forced to cut gasoline output to safeguard themselves against losses and switch to producing more profitable fuels, traders say

RBI 'correct' to use FX reserves to tackle rupee volatility: Econ adviser

The RBI is justified in using the country's foreign exchange reserves to smooth out volatility in the rupee's moves against the dollar, a member of the Economic Advisory Council said

Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq

The S&P 500 was up 5.49 points, or 0.14%, at 3,967.12, while the Nasdaq Composite was down 26.93 points, or 0.23%, at 11,807.19