Page 885 - Reuters

Oil jumps 2% as soft dollar and tight supply offset recession concerns

Brent crude futures for September settlement rose $2.44, or 2.4%, to $103.60 a barrel by 0900 GMT, having advanced by 2.1% on Friday.

US talks with India on price cap on Russian oil 'encouraging': Yellen

A senior Treasury official said India had made no promises on the oil price cap, but was working with the United States and had not "expressed hostility to this idea".

VietJet to launch 13 new Vietnam-India routes, add Airbus planes in 2022

Vietnam's budget airline VietJet Aviation will launch 13 new routes between the Southeast Asian country and India later this year. It also planned to add more Airbus A330 planes

US dollar nudges down from multi-year highs as euro gasps for gas

The greenback has soared this year thanks to a combination of rising US interest rates and wobbling economies in Europe and China

Oil drops as China's rising Covid cases renew fuel demand concerns

China, the world's second-largest oil consumer, on Sunday reported 691 new Covid cases for Saturday, up from 547 the previous day, with locally transmitted cases at the highest since May 23

Boeing trims industry-wide demand for aeroplanes over the next 20 years

Boeing projects airlines worldwide will need 41,170 new airplanes over 20 years with half of the deliveries for replacement aircraft, and with single-aisle aircraft accounting for about 75% of planes

Biden disputes Saudi Arabia's account of Khashoggi murder discussion

Biden disputed the Saudi foreign minister's account that he did not hear Biden blame Mohammed bin Salman for the killing of the Washington Post columnist

Wall Street week ahead: Recession fears loom over US value stocks

BofA Global Research on Thursday cut its year-end target price for the S&P 500 to 3,600 from 4,500 previously and became the latest Wall Street bank to forecast a coming recession

Sri Lanka SC bars overseas travel of Rajapaksa brothers till July 28

Ranil Wickremesinghe was sworn in as Sri Lanka's acting president after parliament accepted the resignation of Gotabaya Rajapaksa who fled the country

G20 should act to address food-security crisis, says Janet Yellen

Yellen, speaking at a meeting of G20 finance officials in Indonesia, said countries should target fiscal support measures to help those most in need

Citigroup shares surge over 10% on profit beat, core business strength

The bank's profit fell to $4.5 billion, or $2.19 a share, in the quarter ended June 30, from $6.2 billion, or $2.85 a share, a year earlier

Unsafe haven: Gold set for fifth weekly loss as US dollar strengthens

Spot gold was down 0.3% at $1,704.99 per ounce, as of 0916 GMT, and lost 2.2% so far this week. U.S. gold futures eased 0.2% to $1,701.90.

Crude oil prices up 2.5% as no immediate Saudi output boost expected

The comment during U.S. President Joe Biden's Middle East visit comes at a time when spare capacity at members of the Organization of the Petroleum Exporting Countries (OPEC) is running low.

Wall Street climbs as investors trim bets on rate hike; Dow up 500 points

The S&P 500 was up 50.87 points, or 1.34%, at 3,841.25, and the Nasdaq Composite was up 120.63 points, or 1.07%, at 11,371.81

Oil rises on expectations for no immediate boost to Saudi production

By Rowena Edwards

Judge in Twitter vs Elon Musk makes rare ruling, ordering deal to close

The judge overseeing Twitter Inc's $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists to close a US corporate merger.

We could ban Russian fuel imports six months ahead of deadline: EU official

The EU has been reducing imports of Russian oil products since March, after Moscow sent thousands of troops into Ukraine, and agreed a full ban from February 2023

Planting of summer-sown crops ramps up as monsoon revives in India

By Rajendra Jadhav

Adani Ports to boost trade lanes with joint Haifa Port acquisition

After a two-year tender process, Adani Ports and local chemicals and logistics group Gadot clinched the 4.1 billion shekel ($1.18 billion) winning bid for Haifa Port

Sri Lanka: Speaker formally accepts Gotabaya Rajapaksa's resignation

Crowds set off firecrackers, shouted slogans and danced ecstatically at the Gota Go Gama protest site, named mockingly after Rajapaksa's first name