Page 923 - Reuters

Wall Street tumbles again as strong jobs growth fuels rate hike fears

The Dow Jones Industrial Average was down 375.98 points, or 1.14%, at 32,621.99

UN Security Council, including Russia, to express concern about Ukraine

Russia vetoed a draft Security Council resolution on Feb. 25 that would have deplored Moscow's invasion

Elon Musk, Twitter are sued by shareholder over $44 billion takeover

The lawsuit said Musk became an 'interested stockholder' after taking a more than 9% Twitter stake, requiring the delay

As Indian 'cities become heat islands', govt official lists plan for crisis

India suffered its hottest March in more than 100 years and April saw many places, including New Delhi, recording unusually high temperatures in excess of 40 degrees Celsius on most days.

Russia's Rosneft ramps up oil sales to Indian Oil in May: Traders

Russia's Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country's top refiner

Centre invokes emergency law to operate idle coal import-based utilities

India is facing its worst power crisis in over six years, and officials have been scrambling to arrange supply for power plants whose pre-summer inventories are at over nine year lows

Mahindra Auto may be divided into three separate units, says report

Mahindra Group is also seeking funds for the EV unit and will club it with Italian design house Automobili Pininfarina to form a separate company, according to the report

Firmer dollar, treasury yields weigh on gold; investors await US jobs data

The dollar was headed for a fifth winning week versus major peers as benchmark U.S. Treasury yields resumed climb having hit their highest since November 2018 in the previous session

Dollar index hits 20-year high, sterling tumbles on dovish Bank of England

Stocks tumbled on Thursday as investors fretted the Fed might need to take more drastic action to bring inflation under control

Oil steadies near $110/bbl; strong US dollar offsets supply worry

Wall Street stocks tumbled as investors shed risky investments, worried the Fed might hike rates more this year to tame inflation

Wall Street slumps as investors fear bigger Fed rate hikes; Nasdaq falls 4%

The Dow Jones Industrial Average fell 1,033.07 points, or 3.03%, to 33,027.99

Shell reports highest quarterly profit since 2008 on crude boom

It beat its previous highest quarterly profits recorded in 2008 even after writing down $3.9 billion post-tax as a result of its decision to exit operations in Russia

Bank of England hikes rates to 13-yr high, warns of rising recession risk

The pound fell by more than a cent against the US dollar to hit its lowest level since mid-2020

Musk's $44 bn Twitter buyout faces FTC antitrust review: Report

The FTC declined comment, while Musk could not be reached for comment.

'All your wealth': Bernie Sanders slams Amazon, Bezos at Senate hearing

Sanders addressed Amazon Chairman Jeff Bezos, who had been invited to testify but did not appear.

India's largest lithium-ion battery plant starts production in Gujarat

The plant, with total installed capacity of 1.5 Gigawatt hours (GWh), has six automated assembly lines on which it will produce batteries for automobiles and energy storage applications

RBI raised interest rates fearing 'shocker' April inflation data: Report

The central bank's move shocked the markets and drove bond yields to multi-year highs. The 10-year benchmark bond closed at 7.40% on Thursday, its highest in three years

Covid led to 15 million deaths globally, not the 5 million reported: WHO

The official count of deaths directly attributable to COVID-19 and reported to WHO in that period, from January 2020 to the end of December 2021, is slightly more than 5.4 million

Musk secures over $7 bn funding from investors for Twitter takeover

The move comes as Musk's margin loan was reduced to $6.25 billion from $12.5 billion announced earlier, according to the filing.

Economists expect higher rate hikes after RBI's hike to tame inflation

Most economists are now forecasting a cumulative 125-150 basis points of rate hikes over the next 12 months, compared with about 50 basis points expected three months ago