Page 892 - Reuters

India's May palm oil imports surge to 7-month high despite Indonesia's ban

India's palm oil exports in May were its highest in seven months as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea

Elliott Associates sues LME for $456 mn over nickel trading suspension

Fund manager Elliott Associates sued London Metal Exchange for $456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearing Ltd

Apple announces option to buy now and pay later, edit button for messages

Users can make four equal payments with no interest or fees on Apple Pay Later.

Oil tops $120 a barrel on Saudi raising prices despite OPEC+ deal

US West Texas Intermediate (WTI) crude futures rose 8 cents, or 0.1%, to $118.95 a barrel after hitting a three-month high of $120.99. The benchmark fell by $1 earlier in the session.

S&P 500, Nasdaq edge higher in choppy trade as growth stocks rise

Alphabet, Amazon lead gains among megacap stocks; all eyes on US CPI report later this week; Didi surges on report China to conclude regulatory probe

Gold imports surge multifold ahead of key festivals, wedding season

In value terms, May imports surged to $5.83 billion from $678 million a year ago

Musk says he may drop Twitter deal if data on fake accounts not provided

This is the first time Musk has threatened to walk away from the $44-bn deal in writing as opposed to airing it on Twitter's social media platform

TCS sees fall in staff attrition, robust demand for IT services: Top exec

More tech talent is expected to enter the job market from startups facing funding crunches, as central banks withdraw stimulus and hike rates: Girish Ramachandran

Liquidity withdrawal expected as RBI set to hikes rates on Wednesday

RBI Governor Shaktikanta Das said late last month the bank's primary focus was to bring inflation down closer to target but it could not disregard concerns around economic growth

Gold firms below recent highs as rate-hike by world central banks weigh

Spot gold was up 0.1% at $1,851.98 per ounce, as of 0752 GMT, while US gold futures rose 0.2% to $1,854.60.

Global stocks, dollar firm ahead of rate meetings, crude hits $120

The European Central Bank meets on Thursday, though it is not expected to begin raising interest rates until July, with rate setters at the US Federal Reserve and Bank of England gathering next week

Euro edges higher as risk appetite picks up, focus on ECB policy meeting

Markets, which have already priced in several ECB rate increases and the end of bond-buying stimulus, want more clarity on what comes after.

UK PM Boris Johnson to face no-confidence vote over 'partygate' scandal

Johnson has been under growing pressure after he and staff held alcohol-fuelled parties at the heart of power when Britain was under strict lockdowns to tackle Covid

Brent climbs over $120 per barrel after Saudi Arabia raises crude prices

. Brent crude firmed 68 cents, or 0.6%, to $120.40 a barrel at 0640 GMT after touching an intraday high of $121.95

India's 10-yr bond yield hits 7.5%, highest since 2019 ahead of RBI policy

India's benchmark 10-year bond yield rose to its highest levels since March 2019 in early trade on Monday as investors prepared for around a 50-basis-point rate increase later this week

US to exempt tariffs on solar panels from Southeast Asian nations: Report

Biden will issue a proclamation on Monday that will allow solar panels to be imported to the US from Thailand, Malaysia, Cambodia and Vietnam without risk of tariffs

China May services activity contracts for third straight month: Survey

Analysts say weakness in the services sector, which accounts for about 60% of China's economy and half of urban jobs, is likely to persist under the government's zero-Covid policy

Russia's Rusal files suit against Rio Tinto over alumina refinery: Report

The lawsuit challenges Australia's response to Russia's invasion of Ukraine, which included wide-ranging sanctions against Russian firms and oligarchs who had links with President Vladimir Putin

Russian ministry website appears hacked; users data protected: Report

Hackers were demanding a ransom to prevent the public disclosure of users' data, some reports said

Google to pay Australian politician over defamatory YouTube videos

An Australian court on Monday ordered Google to pay a former lawmaker A$715,000 ($515,000), saying its failure to take down a YouTuber's "relentless, racist, abusive and defamatory campaign