Page 897 - Reuters

Cryptocurrencies becoming a popular option in US to fund retirement

Some 27% of Americans aged 18-60 - around 50 million people - have owned or traded crypto in the past six months, a poll published last week by crypto exchange KuCoin found

China announces detailed stimulus measures to support virus-hit economy

The stimulus package underscores Beijing's shift toward growth after Covid control measures pounded the economy and threaten Beijing's 5.5% growth target for the year

Euro zone inflation hits new record, adding to case for big ECB rate hikes

Energy prices jumped 39.2%, highlighting how the war and the accompanying global energy crunch are making life more expensive for the eurozone's 343 million people

Wall Street mixed amid inflation fears; Powell-Biden talks in focus

Energy outperformed with a 1.1% gain as Brent crude climbed above $120 a barrel

Oil prices' bull run continues as EU agrees to ban Russian oil supply

By Shadia Nasralla

Wild swings of May not necessarily the end of market turmoil: Here's why

They certainly sold in May, but rather than go away as the old stock market adage suggests, traders returned to aggressively buy the dip, causing some of the wildest monthly swings in recent times.

Gold set for monthly loss as US Treasury yields, dollar strengthen

The U.S. dollar strengthened following hawkish comments by a senior Federal Reserve official causing gold to retreat, Ricardo Evangelista, senior analyst at ActivTrades said in a note.

Oil price surge fans inflation fears, weakens US, European stocks

By Sujata Rao

Japan's Chubu Electric to buy 20% stake in India's OMC Power for $39 mn

Japan's Chubu Electric Power Co Inc said it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India's rural renewable energy service company, OMC Power Private Ltd

Global refiners struggle to meet global demand amid high prices, shortage

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the US and Brazil

India Q4 GDP: Inflation may have slowed down growth to just 4%, says poll

Soaring prices and the subsequent hit to consumer spending and investments are likely to further dampen India's economy, economists said

Indian house prices set to rise again despite higher rates, shows poll

A lack of demand has kept India's property market relatively quiet during the pandemic compared with other world markets that rocketed higher as households scrambled to buy more living space

Oil prices rise after EU agrees to ban most Russian crude imports

Oil prices rose after EU agreed to slash oil imports from Russia by the end of 2022, fuelling worries of a tighter market already strained for supply amid rising demand

Crisis-hit Sri Lanka urges airlines to fly full tank or fill elsewhere

There's increased refueling at southern Indian airports by international flights to and from Colombo to offset the shortage, according to an official at Indian Oil Corp

EU fails to agree on Russian oil ban as leaders gather for summit

The leaders of the 27 European Union countries will agree in principle to an oil embargo, a draft of their summit conclusions showed

India's imports of cheap Russian crude surge since Ukraine invasion: Data

India received more than 24 mn barrels of Russian crude this month, up from 7.2 mn barrels in April, and is set to receive about 28 mn barrels in June, according to Refinitiv Eikon oil flows

US will not send Ukraine rocket systems that can reach Russia, says Biden

The Ukrainian government has urged the West to provide it with more longer-range weapons in order to turn the tide in the war, now in its fourth month

Post export ban, India asked to supply over 1.5 mn tonnes wheat: Report

'More than half a dozen countries have approached India for more than 1.5 million tonnes of wheat and we will see how to go about these requests,' says a govt official who didn't wish to be identified

European shares rise as China growth hopes boost luxury, tech stocks

The pan-European STOXX 600 index rose 0.6% to 447.79, a level not seen since early May, boosted the most by luxury firms, which derive significant demand from China

Oil prices climb above $120/barrel ahead of EU meeting on Russia sanctions

The Brent crude futures contract for July, which will expire on Tuesday, was up 59 cents, or 0.5%, at $120.02 a barrel at 1100 GMT.