Page 917 - Reuters

India tax authorities froze $478 million of Xiaomi funds in Feb: Report

The fund freeze by tax authorities comes on top of another legal tussle Chinese smartphone giant Xiaomi faces.

Economic growth to slow if RBI hikes rates: Finance secy Somanathan

The central bank hiked its repo rate by 40 basis points (bps) to 4.40 per cent following an emergency meeting earlier this month

Russia threatens to retaliate as Finland seeks NATO membership

Finland wants security after Russian invasion of Ukraine. Sweden expected to follow suit in bid to join alliance

U.S. will share Covid-19 vaccine technology, Biden tells global summit

During the global summit, Joe Biden declared that the United States will share vaccination technology with countries. The US is also pooling up resources and fundings to battle any further threats

Gold drives retreat across metals as dollar accelerates to 20-year high

By Ashitha Shivaprasad

He's back: Wickremesinghe named Sri Lankan PM for 6th time amid crisis

He replaces the president's brother, Mahinda Rajapaksa, who resigned on Monday amid street protests in the main city Colombo and beyond which became more deadly this week

Petronet in talks with Qatar for LNG deal renewal amid turbulent markets

By Nidhi Verma

Growth stocks drag Wall St lower on rate hike worries; Dow slips 295 pts

Megacap stocks Meta Platforms, Microsoft Corp , Google-owner Alphabet Inc, Apple Inc , Amazon.com and Tesla Inc slipped between 2% and 5.9%; Beyond Meat down in volatile trading

Oil prices under pressure amid recession fears dogging financial markets

By Bozorgmehr Sharafedin

Crypto meltdown deepens as stablecoin Tether drops below dollar peg

By Alun John, Elizabeth Howcroft and Samuel Indyk

World stocks in a tailspin, dollar soars as hard landing fears grow

By Marc Jones

Dollar hits two-decade high, rattled investors plump for safe haven

By Stefano Rebaudo

Oil slips more than 2% on as recession fears spreads to financial markets

By Bozorgmehr Sharafedin

Reversing assessment, IEA sees world weathering lost Russian oil supply

By Noah Browning

Gold prices inch lower as Dollar rally appeal dims post US inflation data

Spot gold fell 0.2% to $1,848.15 per ounce by 0959 GMT. U.S. gold futures were down 0.2% at $1,849.20.

India's economic growth to slow if RBI hikes interest rates: Finance Secy

T V Somanathan was reacting to reports of RBI likely raising its inflation projection for the current fiscal year at its June monetary policy meeting

Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains

The world's largest cryptocurrency dropped as low as $26,970, to stand at its lowest since Dec. 28, 2020. In the last eight sessions, it has lost a third of its value, or $13,000

ED asks court to restore block on $725 million Xiaomi bank assets

ED had seized the money saying Xiaomi had illegally transferred funds abroad to three entities, including one in the Xiaomi group, describing them as payments "in the guise of royalty".

SoftBank reports $13 billion FY net loss, faces sliding tech portfolio

The slump is casting a shadow on founder and CEO Masayoshi Son's strategy of heavy concentration in high-growth stocks increasingly out of favour with investors as interest rates rise

Toyota rolls out first EV in cautious debut as rivals go full-throttle

Toyota plans to start selling the bZ4X in other markets later this year, and pre-orders have already started in some European countries.