Page 886 - Reuters

S&P 500 on pace to confirm bear mkt on inflation fears, recession worries

Banks forecast 75 bps Fed hike on June 15; Wall St 'fear gauge' surges to one-month high; S&P 500 hits lowest level since March 2021

Russia becomes India's second biggest oil exporter in May: Report

In May Indian refiners received about 819,000 barrels per day (bpd) Russian oil, the highest thus far in any month, compared to about 277,00 in April, the data showed

Charles Schwab subsidiaries to pay $187 mn to settle US SEC charges

SEC slams 'egregious' allocations of customer money that extracted 'hidden costs'

Oil rises on tight global supplies; trade choppy on demand worries

Brent crude rose 68 cents to $122.69 a barrel at 12:13 p.m. EDT (1613 GMT). US West Texas Intermediate crude rose 61 cents to $121.28 a barrel.

Jack Daniels and Coca-Cola mix it up with ready-to-drink cocktail can

The 'official' mix represents the latest push by big soft drink makers into alcohol, as boundaries blur and more people turn to pre-mixed, ready-to-drink cocktails

Binance US exchange sued by crypto investor over stablecoin collapse

In the lawsuit against Binance and CEO Brian Shroder, Utah resident Jeffrey Lockhart said Binance falsely advertised Terra USD as backed by fiat currency, when in fact it was an unregistered security

Last route out of Sievierodonetsk falls as Russian artillery pounds city

Sievierodonetsk at the epicentre of Donbas battle; Russian troops control most of city, says regional governor; hundreds of civilians shelter in chemical plant

Mick Jagger positive for Covid, Amsterdam Rolling Stones concert postponed

Jagger, 78, had experienced symptoms after arriving at Amsterdam's Johan Cruijff Arena, the band said

Wall St poised to clinch bear market as S&P 500 tumbles over 20% in 2022

It would be the first time the S&P 500 has confirmed a bear market since the 2020 Wall Street plunge brought on by the Covid pandemic

Dollar higher as risky assets tumble; yen rebounds from 1998 lows

Dollar has reached a four-week high as compared to other currencies amid inflation concerns. Moreover, government selloffs were extended and stocks took a beating globally.

Inflation fears grip markets as global bonds, stocks extend selloff

Inflation rate has caused a stir throughout global markets leading to extended selloff of stocks and government bonds

Crypto market value slumps under $1 trn for first time since Jan 2021

The largest cryptocurrency, bitcoin, was down more than 9% on the day, falling to an 18-month low of $23,950

Dollar at two-decade high against six major peers, yen tumbles to 1998 lows

A sell-off across markets saw European stocks fall for a fifth straight session, while Bitcoin tumbled 9% to 18-month lows around $24,000

Oil dips on Beijing's Covid warning, fears of rate hikes to curb inflation

Brent crude was down $1.86, or 1.5%, to $120.15 at 0907 GMT, while US West Texas Intermediate crude was down $2.15, or 1.8%, at $118.52.

World stocks near fresh 2022 lows on inflation fears weigh on investors

An index of world stocks is down and very close to a 2022 low. European stock indices are also in a vulnerable position with benchmark shares down nearly 2%

Gold retreats from one-month high over spike in US treasury yields

Market reports suggest that gold has moved inversely to the US Dollar while Treasury yield have risen to a its peak since May 9th

India has ample rice stocks, no plans to curb exports, says food secretary

India, the world's biggest rice exporter, has ample stocks of rice and there is no plan to restrict exports, the top official at the food ministry said on Monday

Rajesh Exports will invest $3 bn to set up India's first e-display plant

Jeweller Rajesh Exports has agreed to invest $3 billion in Telangana state to set up the country's first electronic-display plant, the state government said late on Sunday

Yen falls to lowest level since 1998 vs dollar as US yields march higher

The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove US Treasury yields higher

Oil prices slide on Beijing Covid warning, global inflation concerns

Oil prices slipped more than $2 on Monday as a flare-up in Covid-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand