Page 921 - Reuters

Wall St slips in choppy trading ahead of inflation data; Dow slips 179 pts

All eyes on US CPI data on Wednesday; Peloton slumps as CEO says business 'thinly capitalized'

For hype-wary IBM, quantum-computing sales are close, but not too close

Companies for years have touted quantum computing's potential, with little to show for it beyond error-prone machines and basic applications with early clients.

India's edible oil imports to fall for 3rd straight year on record prices

The world's biggest importer of edible oils is likely to make overseas purchases of 12.9 million tonnes in the 2021/22 marketing year ending on Oct. 31

Gold firms as dollar rally pauses; focus on US inflation reading

The dollar was steady after touching a 20-year high on Monday, while benchmark 10-year U.S. Treasury yields were off 3-1/2-year peaks. [USD/] [US/]

Stablecoin Terra's broken dollar peg hits wider cryptocurrency markets

TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below $30,000 for the first time

Wall Street set to open higher, oil prices extend losses for second day

European stock indexes rose on Tuesday as risk appetite showed some signs of picking up again after Monday's sharp falls, but fears over economic growth still weighed on markets

Tiger Global hit by $17 billion losses in tech stock sell-off: Report

Tiger Global losses marked one of the biggest dollar declines for a hedge fund in history

Canara Bank probes fraud in unit after whistleblower complaint: Report

The whistleblower letter, sent at the end of December and also addressed to Reserve Bank of India and the National Housing Bank, said there were irregularities at one of the branches

India's crude imports rise 4.2% to 19.03 mn ton in March on demand recovery

India's fuel demand had scaled a three-year peak in March, with petrol sales hitting an all-time high, as demand rose and the market built up supplies ahead of expected price increases

US dollar touches 20-year high as markets shun risk over US Fed rate hike

The dollar has risen for five straight weeks as U.S. Treasury yields have climbed on expectations the Fed will be aggressive in attempting to tamp down inflation

Indian inflation likely accelerated to an 18-month high in April: Report

Food inflation, which accounts for nearly half the consumer price index (CPI) basket, reached a multi-month high in March

Oil prices tumble over 1% on global economic worries, strong dollar

The fall in oil prices reflected trends in global financial markets as investors shed riskier assets on worries about higher interest rates and their impact on economic growth.

Oil prices, equities tumbles about 6% as China Covid lockdowns weigh

Global financial markets have been spooked by concerns over interest hikes and recession worries as tighter and wider Covid lockdowns in China led to slower export growth in the country in April

JSW Group to make $7 bn bid for Holcim's India cement business: Report

The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus more on building technology amid increased emphasis on sustainability

Marcos, son of strongman, poised for Philippines election triumph

The count makes almost certain a previously unthinkable return to power of the Marcos family, 36 years after its humiliating retreat into exile

Uber Technologies to cut costs and slow down hiring, CEO tells staff

The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc

Pakistan stock mkt tumbles as investors fret about unclear economic policy

The Pakistan Stock Exchange 100 index dropped by 1,447.67 points, or 3.23 per cent, to 43,393.14, its lowest since March 22

Germany prepares crisis plan for abrupt end to Russian gas: Report

The preparations being led by the Ministry for Economic Affairs show the heightened state of alert about supplies of the gas that powers Europe's biggest economy

S&P 500 hits one-year low as higher bond yields pressure growth stocks

Dow Jones Industrial Average was down 486.39 points, or 1.48%, at 32,412.98 and the Nasdaq Composite was down 373.29 points, or 3.07%, at 11,771.38

Carlyle to acquire NSM Insurance from White Mountains in $1.78 billion deal

The transaction is expected to add $280 per share to White Mountains' adjusted book value