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Didi falls 25% in pre-open trade on China crackdown, loses $19 bn in m-cap

A sharp sell-off in Didi shares would further dent confidence of its investors, who were shocked by the probe into the ride-hailing firm just two days after its New York stock market debut

Asian equities see foreign outflows in June as virus woes weigh

Cross-border investors sold a combined net total of $725 million worth of equities last month in South Korea, Taiwan, the Philippines, Vietnam, Indonesia, and India

WTI crude hits 6-year high, Brent nears $78 as OPEC+ talks collapse

OPEC+ talks collapse after Saudi-UAE clash; White House urges compromise to allow output increase

Indian bond yields spike to near 4-month highs; crude surge hurts

The most-traded 6.64% 2035 bond was up 6 basis points at 6.79%

Rural India sinks deeper into debt as Covid-19 pandemic wipes out work

Big debt and low income in the countryside will hold back any economic recovery the government is trying to generate and also dent private savings and investment for longer than expected

Gold at near three-week peak as dollar weakens; Fed minutes in focus

Gold prices on Tuesday hit their highest in nearly three weeks, as a pullback in the dollar made bullion less expensive for holders of other currencies

Deutsche Bank launches indexes to track 21 emerging market currencies

Deutsche Bank launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy

Oil rises further on hopes of tighter supply as OPEC+ talks abandoned

Oil prices rose slightly on Tuesday after the previous day's rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off

Asian share markets open higher, but China tech worries weigh on Hong Kong

Chinese technology stocks remain under the microscope on Tuesday after the Cyberspace Administration of China ordered an investigation into Didi Global Holdings just days after it listed on NYSE

Dollar awaits Federal Reserve minutes, kiwi aloft on rate expectations

The kiwi rose as much as 0.4% to a one-week high of $0.7066, briefly breaking above its 200-day moving average, before settling around $0.7055 in morning trade

Samsung Electronics Q2 profit likely up 38% on strong chip prices

Samsung Electronics likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics

Up to 1,500 businesses affected by ransomware attack, says US firm's CEO

Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centred on US information technology firm Kaseya, its chief executive said

Adviser Glass Lewis flags risks from Adani 'unconscionable conduct'

Glass Lewis has recommended shareholders vote against reelection of a member of Adani Enterprises' risk committee after a court criticised "unconscionable conduct" in its Australian port business

Sydney Airport target of $16.7 bn bid from infrastructure investors

The proposal comes as record-low interest rates prompt pension funds and their investment managers to chase higher yields.

From regulatory lens to unionisation: Challenges aplenty for Amazon's Jassy

Amazon has been accused of using the proprietary data of third-party vendors to make cheaper, private-label versions of their products

China widens probe beyond Didi Global, roiling global investors

The company says app takedown may hit its revenue

Paytm to file draft prospectus next week for $2.3-bn IPO: Report

Paytm has plans to raise up to Rs 12,000 crore by issuing fresh equity for which it will seek shareholders' nod in an EGM on July 12

British royal Kate goes into self-isolation after Covid-19 contact

Kate, wife of Queen Elizabeth's grandson Prince William, attended a number of events last week, most prominently the Wimbledon tennis championships on Friday.

Didi says app takedown may hurt revenue, other US-listed China firms probed

Sunday's takedown order from the Cyberspace Administration of China (CAC) comes just two days after the regulator announced an investigation into Didi

OPEC+ crisis deepens as Saudi Arabia refuses to budge, oil edges up

OPEC and its allies on Friday voted to increase production by about 2 million barrels a day from August to December 2021 extend the remaining output cuts to the end of 2022