Page 13 - Reuters

Oil drops over 2% after Trump says he holds off scheduled attack on Iran

Brent futures for July delivery fell $3.01, or 2.7 per cent, to $109.09 a barrel as of 0001 GMT, ‌while US West Texas Intermediate crude for June delivery fell $1.38, or 1.3 per cent, to $107.28

US issues 30-day general licence to provide access to Russian oil: Bessent

Treasury Secretary Scott Bessent says 30-day extension will help stabilise crude markets and support countries affected by Gulf supply disruptions

Iran war saddles global companies with over $25 billion in losses so far

Rising oil prices, supply disruptions and shipping bottlenecks are forcing companies to cut output, raise prices and suspend payouts

India buying Russian oil regardless of US sanctions waivers: Govt official

Sujata Sharma, Joint Secretary in the Petroleum Ministry, said India has been buying Russian oil irrespective of US sanctions waivers

Govt directs state-run banks, insurance firms to cut costs, shift to EVs

The order, part of a broader austerity push, will cover institutions like the State Bank of India, Bank of Baroda and Life Insurance Corp of India and million of their employees across the country

Oil touches 2-week high after drone attack on UAE nuclear power plant

Brent ‌crude futures climbed $1.65, or 1.51 per cent, to $110.91 a barrel by 0703 GMT, but were off the $112 they had touched earlier for their highest since May 5

Delhi HC refuses Apple's plea to halt CCI probe, asks firm to cooperate

Delhi HC said in an order that Apple 'shall fully cooperate' but it asked the Competition Commission of India to not pass a final order in the matter until at least July 15

JP Morgan lowers 2026 gold price forecast amid weak investor demand

While several banks have trimmed near-term ​forecasts due to softer investor demand and elevated rate expectations, most analysts still ‌expect prices to recover through 2026

Gourmet Investments to launch Olive Garden, double outlets in India

As part of expansion ​plans, Pewekar expects Olive Garden's India restaurant count to exceed 10 in three ‌years' time and then to expand more rapidly with a focus on large cities

China's April growth slows as factory output, retail sales miss forecasts

Retail sales, a gauge of consumption, rose just 0.2 per cent in April, cooling sharply from 1.7 per cent in March and marking the weakest gain since December 2022

Gold slips to over one-month low as West Asia tensions lift oil prices

Gold was pressured by rising geopolitical tensions after a drone strike caused a fire at a nuclear power plant in the United Arab Emirates, lifting crude prices and bets of interest rates

Asian shares slip as drone attacks in Gulf lift oil prices, bond yields

Japan's Nikkei eased 0.4 per cent, having fallen 2 per cent last week, though that was from record highs

Abu Dhabi says drone strike caused fire at Barakah Nuclear Power Plant

No injuries were reported, radiological safety levels were unaffected and the Federal Authority for Nuclear Regulation confirmed the plant's essential systems are operating normally

Trump says Xi agrees Iran must open strait, but no sign China will weigh in

Trump said he was considering whether to lift US sanctions on Chinese oil companies buying Iranian oil. China is the biggest buyer of Iranian oil

Arohan Financial Services files for IPO, plans ₹600 crore fresh issue

The filing comes more than a year after the Reserve Bank of India removed lending restrictions it had imposed on the firm and other non-bank lenders due to 'usurious' pricing and high markups

Ackman's Pershing Square takes Microsoft stake after stock declines

Ackman argued that Microsoft sits at a "highly compelling valuation" after a recent decline in its stock

Reliance-Disney launch legal battle against Zee over Bollywood films

Zee "is a habitual infringer", JioStar said in its 120-page plea, accusing Zee of continuing to "engage in the unauthorised broadcast and exploitation of the films"

Donald Trump leaves Beijing with few wins but warm words for Xi Jinping

During a huddle with reporters on the way back to the US, Trump said Xi told him he opposed Taiwan's independence

India's April unemployment rate increases to 5.2%, shows govt data

A Reuters poll had projected the April unemployment rate at 5.2%

Brics talks end without joint statement, exposing divisions over Iran war

Without naming the UAE, Iranian Foreign Minister Abbas Araqchi told a news conference that a Brics member blocked some parts of the statement