Page 878 - Reuters

US aims to raise $200 bn as part of G7 rival to China's Belt & Road

Increasingly worried about China, G7 leaders first floated plans for the project last yr, and are formally launching it now under a fresh title, 'Partnership for Global Infrastructure and Investment'

Joe Biden urges G7 to stay together as leaders target Russian gold

Biden says Russia has failed to split G7; gold ban targets 'Putin's war machine', says British PM; oil import price cap also being discussed

Bruised US stock investors brace for more pain in second half of 2022

With investor expectations fluctuating between continued high inflation and an economic downturn caused by a hawkish Fed, few believe the market's volatility will dissipate anytime soon

Russian missiles rock central Kyiv as G7 leaders gather in Europe

Officials say one killed, five wounded; Ukraine loses key city to pro-Russian forces; G7 countries announce Russian gold ban at start of summit

Banking body BIS urges decisive wave of global rate hikes to stem inflation

Leading economies at risk of falling into high-inflation trap, says Bank for International Settlements

UK, US, Japan and Canada to ban Russia gold imports amid Ukraine war

Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of efforts to tighten the sanctions squeeze on Moscow for its invasion of Ukraine

Global dealmaking braces for dry spell as boardrooms put expansion on hold

Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the second quarter.

Dubai's Emaar says aware of report claiming CEO detained in India

Dubai's Emaar Properties is aware of a media report that its Group Chief Executive Amit Jain has been detained in India, a spokesperson for the company said on Saturday

India plans to introduce safety rating system for passenger cars: Ministry

India will introduce a safety rating system for passenger cars - a measure it hopes will encourage manufacturers to provide advanced safety features and will boost the "export worthiness"

UK Conservatives lose seats, dealing blow to PM Boris Johnson

The losses suggest the broad appeal Johnson presented to win the 2019 election may be fracturing

US Senate passes first gun control Bill after nearly three decades: Report

The landmark court ruling and Senate action on gun safety illustrate the deep divide over firearms in the United States

Global M&A braces for dry spell as boardrooms put expansion on hold

Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity

Federal Reserve says US banks can weather severe downturn comfortably

Fed said the 34 lenders it oversees would suffer combined losses of $612 bn under a severe downturn

Roe v Wade rubbed out: US Supreme Court overturns abortion rights landmark

The court, in a 6-3 ruling powered by its conservative majority, upheld a Republican-backed Mississippi law that bans abortion after 15 weeks.

Pakistan govt slaps 10% super tax on big industries to trim deficit

Tough decisions needed to save economy: Pak PM

Oil rises almost $2 a barrel, still set for weekly drop on recession fears

U.S. Federal Reserve Chair Jerome Powell said the central bank's focus on curbing inflation was "unconditional", adding to fears about more interest rate hikes that have weighed on financial markets

India's rice planting down 46% from last year over weak monsoon start

The area planted with cotton totalled 3.18 million hectares, down from 3.73 million hectares a year earlier

US dollar headed for first weekly decline in June as traders dial down bets

Dollar lost some of its shine since investors started betting the Fed could slow the rate-tightening pace following another 75 basis-point increase in July, and may start easing policy after Mar 2023

Indian Oil expects prices to stay over $100/bbl in 2022 amid Ukraine crisis

An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis

Inflation likely to exceed top of RBI band until December: Shaktikanta Das

India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Das said in an article