Page 947 - Reuters

Benchmark Treasury yield hits 3-year high; dollar posts weekly gain

The dollar index advanced to 100 for the first time in nearly two years. It rose as high as 100.19, its highest since May 2020.

Saudi Arabia expands Haj to 1 million pilgrims, easing Covid-19 curbs

Saudi Arabia will let up to 1 million people join the Haj pilgrimage this year, greatly expanding the key event to participants from outside the kingdom after two years of tight COVID restrictions

Oil prices settle up 2%, post weekly loss on stockpile releases

Brent crude futures settled up $2.20, or 2.19%, at $102.78 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose $2.23 to $98.26.

US dollar posts largest weekly gain in one month on hawkish Fed messages

By Gertrude Chavez-Dreyfuss

Macron makes last-minute appeal to dispirited left as Le Pen surges

Macron accused Le Pen of lying to voters about her campaign platform as he sought to rally support two days before the presidential election's first round

Sri Lanka raises key interest rates by 700 basis points to 14.5%

The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and, increasingly, medicines are in short supply

Britain will send Ukraine a further $130 mn of military support: Johnson

The British prime minister also condemned a reported Russian attack on a train station in eastern Ukraine packed with women, children and elderly people fleeing the conflict

Nasdaq and S&P 500 slide as higher yields hit growth, technology stocks

The Dow Jones Industrial Average was up 11.89 points, or 0.03%, at 34,595.46, the S&P 500 was down 17.23 points, or 0.38%, at 4,482.98

Dollar riding high after index hits 100 for first time in nearly two years

The dollar index rose as high as 100 in early European trading hours, its best level since May 2020. It later lost some momentum and was last broadly flat at 99.844.

IEA details plan to release 120 million barrels of oil over six months

Prices hit 14-year highs last month as Western sanctions on Russia disrupted crude and oil product exports from the world's number two crude exporter

Gold subdued as US interest rate hike expectations dent appeal

Gold is highly sensitive to rising U.S. interest rates and Treasury yield, which increase the opportunity cost of holding the non-yielding bullion, while boosting the greenback in which it is priced

Shanghai widens COVID testing as other Chinese cities impose curbs

Beijing intervened in Shanghai after the failure of its effort to isolate Covid by locking the city down in stages

Ally of Pakistan's embattled Imran Khan denounces 'judicial coup'

The Supreme Court ruled that Khan had acted unconstitutionally in blocking the no-confidence vote on Sunday, after which he dissolved parliament and called an election.

Samsung's reputation hit as prices slashed at home for new premium phone

Samsung said it issued an update to allow users to disable the software with no risk to safety.

Lanka oppn threatens no-confidence motion, industry warns of 'precipice'

President Gotabaya Rajapaksa is running his administration with only a handful of ministers after his entire cabinet resigned this week

Drinks firms spooked as India refuses to exempt plastic straws from ban

Pepsi's Tropicana and Dabur's Real fruit juices, along with Coca-Cola's Maaza and Parle Agro's Frooti mango drinks are among the beverages sold in the small-pack format

Gold subdued as dollar climbs higher on counters of Ukraine risks

Spot gold was flat at $1,929.52 per ounce by 0520 GMT. US gold futures were down 0.3% at $1,931.90

Elon Musk promises 'dedicated robotaxi' with futuristic look from Tesla

Tesla now sells the advanced driver assistance systems for $12,000, with a promise of more features

UAE's IHC to invest $2 billion in three Adani Group's portfolio companies

International Holding Co has agreed to invest 7.3 billion dirhams ($2 billion) in three of Indian conglomerate Adani Group's portfolio companies.

Oil prices drift lower, set for 3% weekly fall due to massive stock release

Brent crude futures edged lower by 55 cents, or 0.6% to $100.03 a barrel at 0403 GMT after gaining more than $1 in the early morning.