Page 940 - Reuters

US Dollar steadies after hitting fresh 20-year high on yen

The dollar's gains have been most striking against the yen, climbing to its highest level of 128.32 yen against the Japanese currency since May 2002

European stocks decline, yen falls to 20-year low as US hikes loom

Investors were also preparing for the next barrage of earnings that will help them assess the impact of the Ukraine war and a spike in inflation on company financials

Soaring battery costs fail to cool electric vehicle sales: Report

EV demand has stayed strong even as the average cost of lithium-ion battery cells soared to an estimated $160 per kilowatt-hour in the first quarter from $105 last year

Oil steady despite Libya supply drop, Shanghai preparing to reopen

Brent crude futures rose 21 cents, or 0.2%, to $113.37 a barrel at 0020 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $108.19 a barrel

Yen hits record low at 127.44 against US dollar; lowest in 20 years

Dollar has risen 4.5% on the Japanese currency so far this month, which would be its second-biggest monthly percentage gain since 2016 behind March's 5.8%

US dollar touches fresh two-year high on steep Fed rate hike view

The benchmark U.S. 10-year Treasury yield, meanwhile, touched a three-year high of 2.884%

Wall Street closes lower as bond yields jump on growth concerns

A significant cut to global growth expectations from the World Bank, paired with March weakness in China's latest economic numbers injected some pessimism into US markets

Facing public ire, Sri Lanka's President to 'review executive powers'

Expands Cabinet ahead of IMF talks; Mahinda stays on

US dollar continues to garner support from Fed hike expectations

The US rate futures market has priced in 96% chance of a 50 basis-point hike at next month's Fed policy meeting, and about 215 basis points in cumulative rate increases

Wall Street up, US Treasury surges as investors eye earnings, global growth

Stocks were up in early trading, with the Dow Jones Industrial Average rising 0.22%, the S&P 500 climbing 0.25% and the Nasdaq Composite up 0.23%

World Bank seeks to create a $170-bn emergency fund to help poorest nations

President David Malpass said World Bank was responding to the added economic stresses from the war by proposing a new, 15-month crisis financing target of $170 bn

Musk tweets 'Love Me Tender' days after Twitter takeover offer

Musk tweeted an Elvis Presley song, a day after Twitter Inc adopted a 'poison pill' to protect itself from the billionaire's $43-bn cash offer to buy the social media company

S&P 500 inches higher as strong BofA results offset tech weakness

Twitter slips despite adopting 'poison pill'; Bank of America boosts S&P 500 after earnings; Didi to meet on US delisting plans, shares plunge

Bank of America beats Q1 profit estimates on strength in consumer lending

The bank reported a 9% rise in consumer banking revenue to $8.8 billion in the quarter ended March

Global oil prices rise as Libya outages add to Russia supply fears

Adding to supply pressures from sanctions on Russia, Libya's National Oil Corp on Monday warned 'a painful wave of closures' had begun hitting its facilities

Global bond funds see outflows of $14.5 billion in week to April 13

The benchmark 10-year US Treasury yield hit a three-year high last week in the wake of hawkish comments from Fed officials

Indian bond yields off session highs on short-covering; rupee slumps

India imports more than two-thirds of its oil requirements and rising prices tend to push up imported inflation and widen the country's trade and current account deficits

Oil slips on fears over slowing China demand, Ukraine crisis

Brent crude fell 19 cents, or 0.2%, to $111.51 a barrel at 0825 GMT, sliding from the highest since March 30 of $113.80 hit earlier in the session.

Gold prices hit 1-month high as Ukraine crisis dulls risk appetite

Spot gold was up 0.8% at $1,989.65 per ounce, as of 0723 GMT, hitting its highest since March 11. U.S. gold futures were up 0.9% at $1,993.40

Tech stocks drag Indian shares lower; Infosys hits 8-month low

The NSE Nifty 50 index fell 1.89% to 17,142.50, as of 0445 GMT, while the S&P BSE Sensex slid 2.15% to 57,089.44