Page 886 - Reuters

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

Stocks stumble, dollar steadfast as weak China hardens growth worries

China's economy contracted sharply in the second quarter data released on Friday showed, while annual growth also slowed significantly

Dollar pauses for breath as Fed leaves market pondering over rates path

The dollar index, which measures the currency versus six counterparts, edged 0.07% higher to 108.65, after reaching and then falling back from the highest since September 2002 at 109.29 on Thursday

SEC steps up scrutiny over Musk's comments on $44 billion Twitter deal

The agency was referring to his May 17 tweet in which he said the "deal cannot move forward" until Twitter provided more data about how the company handled fake accounts

Israel sells Haifa Port to Adani Ports, Israel's Gadot for $1.2 bn

Israel in recent years has been selling its government-owned ports and allowing new, private piers to be built in an effort to shorten wait times for cargo ships and lower the costs of imports

Italian PM Mario Draghi to quit after 5-Star mutiny

Draghi's resignation was necessitated after a party in his ruling coalition did not participate in a confidence vote

Wall Street drops as bank earnings disappoint, producer prices surge

JPMorgan, Morgan Stanley report profit miss; PPI surges more than expected in June; Conagra Brands falls on downbeat forecast

World stocks skid as interest rate hike bets keep investors cautious

By Katanga Johnson

JPMorgan, Morgan Stanley earnings bode badly for Wall Street dealmakers

Both lenders attributed the slump to the challenging macroeconomic environment, including soaring volatility sparked by the conflict in Ukraine

Gold sheds over 2%, silver 5% on rampant dollar as Fed rate hike looms

By Ashitha Shivaprasad

Oil prices tumble more than $4 ahead of potential large US rate hike

By Julia Payne and Rowena Edwards

EV ride-hailing firm BluSmart close to raising $250 mn from Bp, others: CEO

By Aditi Shah

Morgan Stanley misses profit estimates in Q2 as dealmaking stalls

Morgan Stanley missed profit estimates for the first time in nine quarters on Thursday, as its investment banking unit struggled to cope with a slump in global dealmaking.

JPMorgan suspends buybacks, warns on global economy as Q2 profit slumps

JPMorgan Chase & Co reported a bigger-than-expected 28% fall in quarterly profit and suspended share buybacks on Thursday, as America's largest bank set aside more money to cover potential losses

Oil prices tumble more than $2 ahead of potential large US rate hike

By Julia Payne

Crypto lender Celsius files for bankruptcy in New York after sharp sell-off

New Jersey-based Celsius froze withdrawals last month, citing 'extreme' market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market

Gold price falls as firm US dollar, yields compound rate-hike woes

Gold prices took a hit as dollar rates hike amid US inflation data

Oil prices fall ahead of potential large US rate hike, possible inflation

Brent crude futures for September were down 18 cents to $99.39 a barrel at 0727 GMT after settling below $100 for the second straight session on Wednesday

Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs

The dollar resumed its relentless rise on Thursday, driven by both expectations for faster Federal Reserve policy tightening and safe-haven flows amid growing fears of a recession

Asian shares at two-year lows as US inflation data boosts recession fears

MSCI's broadest index of Asia-Pacific shares outside Japan was flat by early afternoon