Page 887 - Reuters

Oil prices rise, Brent crosses $100 a barrel ahead of possible US rate hike

Brent crude futures for September climbed 68 cents, or 0.7%, to $100.25 a barrel by 0400 GMT after settling below $100 for the second straight session on Wednesday

Rupee hits lifetime low for fourth straight day on broad dollar rally

The Indian rupee weakened in opening trade to hit record lows against the greenback for a fourth straight session after data showed US inflation, already at four-decade highs, accelerated even further

Hyundai Motor launches first electric sedan 'Ioniq 6', takes on Tesla

The Ioniq 6 is one of more than 31 electric models that Hyundai Motor Group plans to introduce through 2030 to secure a projected 12% of the global EV market

Oil prices tick down in early trade as inflation woes take centre stage

Brent crude futures for September fell 20 cents, or 0.2%, to $99.37 a barrel by after gaining 8 cents on Wednesday.

UK economy unexpectedly jumps in May as doctors and travel agents get busy

Britain's new finance minister, Nadhim Zahawi, welcomed the signs of growth but said there was no room for complacency

Gasoline, food drive US inflation to four-decade high of 9.1% in June

This should keep the Federal Reserve on track for another big interest-rate hike later this month

Japan plans to expand clean energy transition support to India

Japan's 'Asia Energy Transition Initiative' initially targeted supporting countries in the Association of South East Asian Nations (ASEAN) pushing towards net-zero carbon emissions

Pay $95 bn in Fukushima damages: Court orders 4 former TEPCO executives

The ruling, in a civil case brought by Tepco shareholders, marks the first time a court has found former executives responsible for the nuclear disaster

Heatwaves hammer megacities in China's Yangtze basin, strain power grid

Over 90 red alerts issued across China for high temperatures; Shanghai issues red alerts, rare for the city; power load on grids hits record in seven provinces, regions

Apple hovers above competition even as smartphone market stumbles: Report

Apple's slightly higher expectations for forthcoming iPhone 14 underscore a growing belief among Wall Street analysts that the sales are likely to hold up better than the broader smartphone industry

Delta warns of rising costs after missing earnings estimates in Q2

Carriers are struggling to ramp up capacity and get operations back on a smoother track, resulting in higher operational costs

Sri Lanka: Wickremesinghe declares nationwide curfew until Thursday morning

Protests against the economic crisis have simmered for months and came to a head last weekend when hundreds of thousands of people took over government buildings in Colombo, blaming the Rajapaksas

Gold rebounds sharply from 1-year low as dollar slips over US' inflation

Gold has recovered from a nearly 1-year dip with gold futures rising by 0.7% as the US dollar slips over inflation fears

Wall Street falls as inflation data fuels rate hike fears; Dow tumbles 1%

S&P 500 down for fourth straight session; Twitter jumps as Hindenburg discloses long position; Delta Air Lines falls on Q2 profit miss

Oil slips below $100 again as gasoline, food drive US inflation higher

Despite a tight physical oil market, investors have sold oil futures on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.

Twitter shares rise over 6% after Hindenburg takes long position

Twitter has sued Musk for violating his $44-bn deal and asked a Delaware court to order him to complete the merger at the agreed $54.20 per Twitter share

Gold slips to near 1-year low as US inflation jump bolsters rate hike bets

Spot gold was down 0.4% at $1,719.49 per ounce by 09:35 a.m. ET (1335 GMT), after dropping to its lowest since August at $1,707.09 earlier in the session. US gold futures were down 0.6% at $1,714.60

Euro slides to parity with dollar for the first time in two decades

Heightened global uncertainty and an aggressive Fed monetary policy stance have benefited the safe-haven dollar

Two-thirds of new renewable power cheaper than coal last year: IRENA

IRENA said high European gas prices will make new gas-fired generation in Europe increasingly uneconomic over its lifetime

Crude oil edges higher after slide below $100 ahead of US inflation data

By Alex Lawler