Page 811 - Reuters

Gold prices retreat on bolstered dollar, prospect of more Fed hikes

Gold prices retreated, as prospects for more US interest rate hikes and a subdued outlook for global economic growth bolstered the dollar

World Bank President Malpass warns of stagflation, recession in Europe

In a speech at Stanford University, Malpass said there was an increased likelihood of recession in Europe, while China's growth was slowing sharply and U.S. economic output had contracted

Indian refiners pay dollars for Russian oil after Dubai bank rejects dirham

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams

Amazon unveils contactless device to monitor breathing while sleeping

Amazon.com Inc on Wednesday announced a contactless gadget that can monitor people's sleep, along with updates to its lineup of voice-controlled devices and e-readers

After 14 years, Lehman Brothers' brokerage ends liquidation process

The liquidation of Lehman Brothers' brokerage unit has ended, 14 years and 13 days after its parent's bankruptcy helped trigger a market freefall and global financial crisis

RBI unlikely to extend card tokenisation deadline despite merchants' demand

Despite a demand by smaller merchants to delay the compliance date, there has been no indication so far by the central bank that there is likely to be an extension in deadline

ECB policymakers may put hike of 75 bps on table at October meeting

The ECB lifted interest rates by a combined 125 bps at its past two meetings, the fastest pace of policy tightening on record, but inflation may still be months from its peak

Bank of England to buy UK bonds worth 65 bn pounds to stem market rout

BoE steps in to buy long-dated bonds; 30-yr yields tumble by 100 bps after BoE support; BoE to buy up to 5 bn pounds of gilts a day until Oct 14; gilt sales due to start next week postponed

Amazon.com unveils device that tracks how you breathe while sleeping

Amazon said the $139.99 sleep device, known as Halo Rise, tracks room temperature, humidity and light, plus the breathing patterns of the person closest to it

Dow, S&P 500 cling to gains on lower yields, Apple slides 4%

Apple down 4% on move to drop iPhone production boost; US 10-yr Treasury yields ease from 12-year highs; Biogen soars on landmark Alzheimer's data

New Pakistan finance minister vows to tame inflation and cut interest rates

Ishaq Dar says no one will be 'allowed to play' with currency market, sees Pakistan's rupee currency is undervalued

Oil prices stabilise as soaring dollar offset by US output outages

Brent crude futures were up 5 cents, or 0.06%, at $86.32 per barrel by 0937 GMT, while U.S. West Texas Intermediate crude futures were down 9 cents, or 0.1%, at $78.41 per barrel

India FX reserves set to shrink further, stir memories of 2008 crisis: Poll

Those reserves are forecast to fall another $23 bn to $523 bn by the end of this year, according to the median forecast from a Sept. 26-27 Reuters poll of 16 economists

Gold slides to lowest since April 2020 as US dollar, yields climb

Spot gold fell 0.6% to $1,619.79 per ounce, as of 0854 GMT. U.S. gold futures slipped 0.5% to $1,627.60

Pound whipsaws after Bank of England steps in to prop up gilts

The Bank said it will carry out temporary purchases of bonds and postpone the planned start of its gilt sale programme

Rupee posts another new low against US dollar, but fares better than peers

The rupee's decline on Wednesday was less than that of other major Asian currencies, likely thanks to the RBI's intervention

HPCL-Mittal Energy to start 100,000-tpy bio-ethanol plant in 2023

HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emission

Hawkish Fed may prompt Reserve Bank to deliver a 50-basis-point hike

The RBI's monetary policy committee (MPC) has already hiked the key policy rate by 140 bps since May to 5.4%

JSW Energy plans to raise $30.60 million through 3-year bonds: Report

India's JSW Energy plans to raise 2.50 billion rupees ($30.60 million) through sale of bonds maturing in three years, three merchant bankers said on Wednesday

Dollar scales to two-decade high, sterling sees drop on tax cut concerns

Meanwhile, benchmark US 10-year Treasury yields rose to 4% for the first time since 2010, topping at 4.004%. The two-year yields stood at 4.2912%