Page 914 - Reuters

Oil prices rise on China's demand recovery, gasoline at an all-time high

In line with the unexpected industrial output decline, China processed 11% less crude oil in April, with daily throughout the lowest since March 2020.

Wheat importers in Asia scramble for supplies after India bans export

Importers, especially those in Asia, were banking on wheat from India, the world's second-biggest producer, after exports from the Black Sea region plunged following Russia's invasion of Ukraine.

Wall St falls as growth stocks, glum China data weigh; Nasdaq slips 0.8%

Apple, Tesla biggest drag on S&P 500 and Nasdaq; Spirit Airlines surges after JetBlue launches hostile takeover

California: Uber launches robot food delivery with Serve Robotics, Motional

Both services are available to Uber Eats users in Santa Monica and West Hollywood in California

Dollar slips from 2-decade highs; yuan falls on account of weak China data

Following the release of China's data, Bipan Rai, North America head of FX Strategy at CIBC Capital Markets, said trading was focused on macro economic data

Adani to become India's No. 2 cement maker with $10.5 billion Holcim deal

(Reuters) -Indian conglomerate Adani Group plans to buy Holcim AG's cement businesses in India for $10.5 billion, its largest-ever acquisition, to become the country's No. 2 cement manufacturer.

Putin sees no threat from NATO expansion, warns against military build-up

Putin warns NATO over bolstering Sweden and Finland, says NATO Nordic membership 'no problem'

Analysis: What India's u-turn on wheat exports means for world markets

India's ban on wheat exports has delivered a fresh blow to world markets already reeling from tight supplies due to output issues in traditional export powerhouses

McDonald's to exit Russia after more than 30 years, will sell restaurants

Company was once a symbol of flourishing American capitalism in the dying embers of the Soviet Union.

Bitcoin back below $30,000; European regulators warn about crypto risks

Bank of France Governor Francois Villeroy says crypto assets could disrupt the international financial system.

Oil prices slide as investors take profit; supply fear still looms

"Investors scooped up profit after a sharp gain last Friday," said Naohiro Niimura, a partner at Market Risk Advisory.

Gold prices decline to 14-week low as dollar strength slams demand

Earlier in the session, gold prices dropped 1.4% to their lowest level since Jan. 31 at $1,786.60. On Friday, they posted their fourth consecutive weekly decline.

European shares fall after China's economic data adds to growth woes

Investors are worried that inflation pushing up interest rates will damage the global economy. These fears saw global shares hit their lowest point in 18 months last week.

Holcim to use proceeds from India sale for lower carbon acquisitions

Over the last 15 months Holcim has spent 5 billion Swiss francs ($4.99 billion) on a string of companies outside the cement market as it pivots towards building products like roofing and mortars.

Russia won't simply put up with NATO's Nordic expansion, says Ryabkov

Vladimir Putin has repeatedly cited the post-Soviet enlargement of the NATO alliance eastwards towards Russia's borders as a reason for the invasion of Ukraine.

Holcim examining 10 acquisition targets of large and small companies: CEO

We are growing at quite a fast pace and the plan is, the proceeds from the divestment, we will continue to accelerate our strategy 2025 and acquire new companies: Jan Jenisch

Chinese economy skids as Covid lockdowns hit factories, retailers

Full or partial lockdowns were imposed in major centres across the country in March and April, including the most populous city Shanghai, hitting production and consumption

Surging prices of natural gas squeeze US industrial sector: Report

US natural gas futures have doubled this year, far more than the increases in retail gasoline and diesel that have made Americans angry at the US energy industry and the government

Ukraine counters Russian forces in east; NATO says Kyiv could win war

NATO Secretary-General Jens Stoltenberg said Russia's offensive in Donbas had stalled and Ukraine could win the war, an outcome few military analysts predicted

After six weeks of Covid-induced lockdown, normalcy to return in Shanghai

Data on Monday showed China's industrial output fell 2.9% in April from a year earlier, down sharply from a 5.0% increase in March