Page 879 - Reuters

Oil trades sideways on fears of slower demand, supply uncertainty

Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling U.S. economic activity with supply uncertainty

US Supreme Court strikes down New York's limits on concealed guns

The decision represents the court's most important statement on gun rights in more than a decade

Gold ekes out gains as recession fears mount, treasury yields retreat

Spot gold rose 0.3% to $1,842.85 per ounce by 1411 GMT. U.S. gold futures inched 0.4% higher to $1,845.20

Recession certainly a possibility, says Powell; global growth outlook weak

'The central bank was not trying to engineer a recession in the United States to stop inflation but was fully committed to bringing prices under control even if doing so risks an economic downturn'

Wall Street struggles for direction on growing recession fears

Lower bond yields lift some technology stocks; Accenture stock slides on tepid current-quarter sales view

Oil prices weaken on hawkish Fed rhetoric, concerns about demand

US Federal Reserve chief Jerome Powell said the central bank was focused on fighting inflation and that the labor market was unsustainably strong

Crypto broker Voyager Digital lowers daily withdrawal limits to $10,000

The change comes after the company on Wednesday said its subsidiary may issue a default notice to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to repay its loan

Accenture forecasts fourth-quarter revenue below estimates on forex hit

Accenture cut the higher end of its annual profit forecast range. It expects fiscal 2022 earnings per share to be in range of $10.61 to $10.70, compared with its previous estimate of $10.61 to $10.81

Germany triggers gas alarm stage, accuses Russia of 'economic attack'

Russia has denied the gas supply reductions were premeditated, with state supplier Gazprom blaming a delay in return of serviced equipment caused by Western sanctions

Gold prices dip after US Fed chief pledges to keep up inflation fight

Spot gold fell 0.2% to $1,834.33 per ounce by 0733 GMT. U.S. gold futures eased 0.1% to $1,835.60

Citi sees chances of global recession nearing 50% due to Ukraine war, Covid

Recession is an 'increasingly palpable risk' for the economy, Citigroup analysts wrote in a note on Wednesday

Wall Street's hiring frenzy eases as worries grow over economy, market fall

Soaring inflation exacerbated by Russia's invasion of Ukraine and resulting interest rate hikes are making some Wall Street companies nervous about the risk of a recession

Fall in onshore forward premiums could push Indian rupee even lower

On Wednesday, the rupee touched a record low of 78.39 against the dollar despite a sharp fall in global crude oil prices, pushing forward premiums down

Global stocks, oil and copper fall as investors expect Fed rate hike

Fed is expected to deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September

India aims to keep FY23 fiscal deficit at last year's level: Report

Efforts to maintain some fiscal discipline reflect New Delhi's concern around risks to its sovereign credit rating, but will likely limit the govt's firepower

Russian oil tankers get safety cover in India via Dubai company: Report

ndia is providing safety certification for dozens of ships managed by a subsidiary of top Russian shipping group Sovcomflot

Bangladesh tries to secure wheat from Russia as India stops exports-sources

The supply deal with Russia, the world's biggest wheat exporter, could help Dhaka in meeting its needs below the elevated global prices, industry officials said

US recession fears darken outlook for Japan and global factories

Australia's manufacturing activity held steady this month, data showed on Thursday which, together with Japan's figures, come ahead of a string of European and U.S. purchasing managers' index

Meta and other tech giants form metaverse standards body, exclude Apple

Participants in the Metaverse Standards Forum include many of the biggest companies working in the space, from chip makers to gaming companies

Govt won't offer tax waivers to be part of global bond index sooner

Under existing rules, an overseas investor is required to pay a short-term capital gains tax of 30% if a listed bond is sold within 12 months