Page 889 - Reuters

Amul urges Modi to delay plastic straw ban, cites impact on dairy farmers

The decision has spooked Amul and global drinks majors including PepsiCo Inc and Coca-Cola, especially after the government declined to change its stance

India considers curbing fridge imports to boost local industry: Report

Sources say the government is considering mandating that importers seek a licence from the authorities, replacing the existing free-import regime

European stocks, euro slip as ECB set to join rate hike club from July

European stocks have taken a dip alongisde the currency as ECB sets in to join the rate hike club like many others, say reports

Wall Street slips as growth stocks struggle amid rising bond yields

Tesla gains on surge in China sales, UBS upgrade; 10-year Treasury yield up at 3.04%; Brent above $123 a barrel

Credit Suisse CEO calls queries over State Street takeover 'really stupid'

Gottstein said on Thursday no joint venture or strategic option was on the table for the business, adding asset management remained a key division for Credit Suisse.

Meta unfriends FB stock ticker in final farewell to the Facebook era

Meta Platforms Inc rebranded from its eponymous social networking platform in October 2021, betting that the metaverse, a shared virtual realm, will succeed mobile internet

Gold subdued as US Treasury yields stay firm; ECB, Fed verdict in focus

Spot gold was down 0.3% at $1,847.90 per ounce as of 0956 GMT and US gold futures had declined 0.3% to $1,850.50.

Charting course out of stimulus, ECB to signal rate hikes to curb inflation

With inflation at a record-high 8.1% and broadening quickly, the ECB has already flagged a series of moves, hoping to stop rapid price growth from morphing into a hard-to-break wage-price spiral.

Oil sticks near three-month highs despite new Covid lockdowns in Shanghai

Brent crude futures for August dipped 9 cents to $123.49 a barrel at 0853 GMT, while US West Texas Intermediate crude for July was at $121.89 a barrel, down 22 cents.

Millions could starve due to Russia's blockade of Ukrainian ports: Zelensky

Millions of people may starve if the Russian blockade of the Black Sea continues," he said

Oil extends gains on robust US demand, China optimism as Covid cases dip

The United States posted a record fall in strategic crude reserves even as commercial stocks rose last week, data from the Energy Information Administration (EIA) showed on Wednesday

Crop-nourishing monsoon rains likely to pick up steam by mid-June: IMD

"As per our extended range forecast, rainfall activity is likely to increase by June 15," Mrutyunjay Mohapatra, director general of the IMD, told Reuters in an interview

Twitter plans to have shareholder vote by August on sale to Elon Musk

Musk's lawyers warned Twitter on Monday that he might walk away from the acquisition if the company fails to provide the data he seeks on spam and fake accounts

Russia pushes Ukraine forces to key city's outskirts after fierce assault

Russia has concentrated its troops and firepower on the small eastern city in recent weeks to secure the surrounding province on behalf of separatist proxies

OECD slashes growth outlook, but sees limited stagflation risk

Says world economy to grow 3% this year, much less than the 4.5% expected earlier

Brothers at odds, but ruling family still holds key to Lanka's future

Despite the president's order, the demonstrations against inflation, power blackouts and shortages of essentials turned deadly

Twitter plans shareholder vote by August on $44-bn sale to Elon Musk

Musk's lawyers warned Twitter on Monday that he might walk away from the acquisition if the company fails to provide the data he seeks on spam and fake accounts

Wall Street falls as Amazon, chipmakers weigh; Dow falls over 200 pts

Chip stocks tumble after Citi sounds alarm on Intel; the energy sector was among the few gainers with a rise of 0.8%, thanks to a jump in Brent crude prices to above $123 a barrel

Oil jumps to 13-week high on rising US gasoline demand, supply concerns

US gasoline stocks fell despite sky-high pump prices. Analysts had expected gasoline stocks to rise 1.1 million barrel but this was not the case

Spotify expects to reach $100 bn in revenue in 10 years; shares rise 5%

The company said it has committed more than $1 billion on podcasting and expects podcast revenue to increase materially this year from the $215 million it made last year