Page 926 - Reuters

Wall Street slides, 10-year Treasury yields cross 3% as Fed rate hike looms

All three major U.S. stock indexes reversed earlier gains as 10-year Treasury yield reached the 3% mark for the first time in more than three years.

Sri Lanka extends credit line with India by $200 mn for fuel: Power Min

Colombo was also in talks with New Delhi over extending the credit line by an additional $500 million, minister Kanchana Wijesekera told a news conference.

Tata, India's electric vehicle king, takes a frugal road less travelled

Even with a humble start, which draws on India's tradition of 'jugaad' - a word referring to frugal DIY innovation and workarounds, Tata dominates the country's fledgling electric car market

Amazon to reimburse US employees who travel for abortions, other treatments

shows how companies are eager to retain and attract talent in locations that remain important to their operations despite legal changes impacting employees' health

European Union charges Apple for keeping rivals away from its pay tech

Apple could face a fine up to 10 per cent of its global turnover or $36.6 billion based on its revenue last year, though EU penalties rarely reach the cap

Wall Street falls as focus turns to Fed meet; Dow Jones down 140 points

Amazon.com slid 3.2%, adding to a 14% drop on Friday after a gloomy quarterly report

Oil prices fall on China growth worries, EU weighs Russian crude ban

Markets in Japan, Britain, India and across Southeast Asia were closed for public holidays on Monday

US Dollar rises towards 20-year high, euro dips after weak data

Markets are pricing in an aggressive run of rate hikes from the Fed as it tries to tame soaring inflation

The New Jet Set: How Covid-driven boom in private jets is still flying high

Airlines had an 80% share of premium travel in 2021, down from 90% before Covid-19, according to Alton Aviation Consultancy

LIC IPO off to a good start as anchor investors oversubscribe: Report

The Indian government has said it expects to raise up to $2.74 billion, just a third of its original target, from selling a 3.5% stake in LIC in the country's biggest initial public offering (IPO)

EU regulators charge Apple with keeping rivals from pay technology

The Commission's decision to send a charge sheet known as a statement of objections to Apple confirmed a Reuters story in October last year.

Google urges Europe court to scrap 3-year-old EU antitrust fine of $1.6 bn

The case is one of three that has resulted in a total of 8.25 billion euros in European Union antitrust fines on Google

Indian shares track weakness in Asian peers amid Fed rate in focus

The NSE Nifty 50 index was down 0.78% at 16,969.10 as of 0357 GMT on Monday, with most of its major sub-indexes in the negative, while the S&P BSE Sensex fell 1.11% to 56,429.45

Gold dips as bond yields rise before Fed meeting expecting rate hike

The market is concerned that the Fed could be quite hawkish, pricing in a 50 basis point hike, and it could be 75 basis points in July, said Stephen Innes, managing partner at SPI Asset Management

Oil falls on China growth concerns even as EU weighs Russia import ban

Prices fell after China released data on Saturday showing that factory activity in the country contracted for a second month to its lowest since February 2020 because of Covid lockdown

Wipro sees margin pressure over next few quarters as attrition rises

Wipro reported a near 4% year-on-year gain in consolidated net profit for the quarter ending March 31, while revenue rose 28.4%

India's jobless rate rises to 7.83% in April, Haryana tops the list: CMIE

Economists say job opportunities have been hit by sluggish domestic demand and the slow pace of economic recovery amid rising prices

China's Covid-19 hard line eats into everything from Teslas to tacos

With the Shanghai lockdown grinding into its fourth week, and similar measures imposed in dozens of smaller cities, the world's largest boom market for electric cars has gone bust

Hope fizzles for Japan's 'revenge spending' splurge as inflation looms

Some bigger companies have answered a government call to raise wages but the gains of some 2% will be swallowed up by higher prices of everything from flour, to diapers and beer, economists say

Buffett says inflation an issue for Berkshire, 'swindles almost everybody'

Buffett said it was "extraordinary" how much inflation had been seen in Berkshire's own businesses