Page 887 - Reuters

India has ample rice stocks, no plans to curb exports, says food secretary

India, the world's biggest rice exporter, has ample stocks of rice and there is no plan to restrict exports, the top official at the food ministry said on Monday

Rajesh Exports will invest $3 bn to set up India's first e-display plant

Jeweller Rajesh Exports has agreed to invest $3 billion in Telangana state to set up the country's first electronic-display plant, the state government said late on Sunday

Yen falls to lowest level since 1998 vs dollar as US yields march higher

The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove US Treasury yields higher

Oil prices slide on Beijing Covid warning, global inflation concerns

Oil prices slipped more than $2 on Monday as a flare-up in Covid-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand

Mass Covid testing announced for Beijing district amid 'ferocious' outbreak

City health officials said that so far there have been 166 confirmed cases linked to the outbreak that began at the Heaven Supermarket bar in the Sanlitun area on Thursday, 145 of them bar patrons

Ukraine and US-China ties dominate at Shangri-La Dialogue in Singapore

Chinese Defence Minister Wei Fenghe said it was up to the United States to improve the bilateral relationship with his country

French head to polls as Macron battles for majority in parliament

Hard-left bloc hopes to capitalise on anger at inflation; lowest turnout in at least 20 years

Dashed peak inflation hopes spell more pain for US stocks and bonds

With markets now betting policymakers will hike rates by at least 50 bps in their next three meetings, expectations of a less hawkish Fed are fading and investors believe more declines are on the way

Russia: Tasty name but no Big Mac as rebranded McDonald's restaurants open

A new era for Russia's fast-food and economic scene dawned on Sunday as McDonald's restaurants flung open their doors in Moscow under new Russian ownership

Biden chides Exxon, oil firms for profits as US faces record inflation

US President Joe Biden has pointed out oil firms who are making stellar profits amid severe inflation which has gripped the entire world

US gasoline average price tops $5 per gallon in historic first, shows data

AAA data showed that the US gasoline prices crossed $5 per gallon for the first time in history, sending mixed reactions across the globe

Ukraine says it will prevail over Russian as eastern battle grinds on

Ukrainian forces are fighting Russia in the eastern frontier of the country where they have been outgunned in terms of artillery and manpower. Yet, they are determined of their victory

Beijing warns of 'explosive' Covid outbreak, Shanghai conducts mass testing

Chinese cities are experiencing a massive Covid surge, claim Chinese governmemt officials. Meanwhile, Shanghai has begun mass testing for detection of Coronavirus amongst residents.

IMF still has concerns over Pakistan's budget, says finance minister

Pakistan's finance minister has asserted that the International Monetary Fund is concerned regarding the recently released Pakistani budget. However the govt is trying to pacify them in the best way

Cosmetics maker Revlon, in $3.31 bn debt, nears bankruptcy filing: Report

The lipstick maker began talks with lenders ahead of looming debt maturities to try to steer the business clear of bankruptcy, a report said

Elon Musk-led Tesla to seek investor approval for 3-for-1 stock split

The company also said Oracle Corp co-founder Larry Ellison, a friend of Tesla Chief Executive Officer Elon Musk, will not stand for re-election to Tesla's board when his term ends

Ukraine pleads for more weapons from West, cholera spreads in Mariupol

In Sievierodonetsk, the small city that has become the focus of Russia's advance in eastern Ukraine and one of the bloodiest flashpoints in a war

Shanghai kicks off new round of mass Covid testing, Beijing cases jump

China's commercial hub of Shanghai began a round of mass Covid-19 testing for nearly all of its 25 million residents hile Beijing reported a spike in cases

Meta investigates Sheryl Sandberg's use of company resources: Report

Lawyers are investigating Meta Platforms Inc's outgoing operations chief Sheryl Sandberg's use of company resources over several years

India's fuel demand jumps 24% year-on-year in May as recovery continues

India's fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 amid Covid outbreak