Page 946 - Reuters

Oil prices rebound after sharp losses as supply concerns dominate

Brent crude futures rose 66 cents, or 0.6%, to $107.91 a barrel by 0623 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 46 cents, or 0.5%, to $103.02 a barrel

Pakistan to cut expenditures, development funds to revive IMF programme

'We will seek revival of the IMF programme, and we will, God willing, do belt tightening, and cut PSDP (Public Sector Development Funds),' Ismail told a news conference in Islamabad

UK PM Johnson to offer India alternatives to Russia ties on visit this week

US President Joe Biden told Modi earlier this month that buying more oil from Russia was not in India's interest

Cheap Indian wheat faces quality checks, high freight cost for Egypt export

Traders also said freight costs would be a challenge for Indian suppliers, adding that the lowest freight cost on Tuesday stood at $70 a tonne

New surrender deadline in Mariupol as West promises Ukraine more arms

Moscow was forced to retreat from northern Ukraine after an assault on Kyiv was repelled last month, but has poured troops back in for an assault on the east that began this week

Asian stocks wobble as China lockdowns weigh; Japanese yen wallows

Japanese yen gained on the dollar, having fallen nearly every session in the past two weeks and repeatedly setting fresh 20-year lows

Oil prices rebound after sharp losses as supply concerns dominate

Brent crude futures rose 98 cents, or 0.9%, to $108.23 a barrel by 0400 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 94 cents, or 0.9%, to $103.50 a barrel

Gold prices hit over one-week low as firm bond yields, dollar weigh

Spot gold was down 0.3% at $1,944.06 per ounce, as of 0430 GMT, after hitting its lowest since April 11. U.S. gold futures fell 0.7% to $1,944.80

Earnings boost Wall Street while economic growth fears sink oil prices

Of the 49 companies in the S&P 500 that have reported quarterly earnings as of Tuesday, nearly 80% have topped profit estimates, per Refinitiv data

US dollar rockets to 20-year peak vs yen on Fed, BOJ policy difference

"The BOJ has done the opposite of normalization. They have dug their heels in," said Richard Benson, co-chief investment officer at Millennium Global Investments in London

Oil falls 5% to 107.25 dollar per barrel after IMF cuts growth outlook

Brent crude, the global benchmark, fell $5.91, or 5.22%, to settle at $107.25 a barrel, while U.S. West Texas Intermediate dropped $5.65, or 5.22%, to settle at $102.56 a barrel

Gold prices retreat over 1% as dollar and Treasury yields advance

Spot gold fell 1.3% to $1,953.19 per ounce by 02:30 p.m. ET (1830 GMT). U.S. gold futures settled down 1.4% at $1,959

Wall Street higher on earnings hopes, oil prices drop on growth fears

Brent crude was last down 4.87% at $107.65 a barrel, while U.S. crude was last down 4.91% at $102.9 per barrel

Covid situation in Shanghai still grim with 7 more deaths: Report

The deaths took the total death toll in Shanghai to 10, with the virus continuing to spread

Ex-IMF economist Miftah Ismail has a tight time frame as Pak's FM

Ismail, who briefly held the post four years ago, brings with him a record of decisive policy action and a close relationship with PM Shehbaz Sharif but faces a daunting array of challenges

IMF considers rapid aid for debt-burdened Sri Lanka after India's push

A delegation headed by Sri Lanka's finance minister Ali Sabry kicked off formal talks with the IMF in Washington on Monday for a programme the government hopes will help top up its reserves

Russia launches 'Battle of Donbas' in all-out assault on east Ukraine

Russian forces attack along most of front line in east; new Russian ultimatum to surrender or die in Mariupol

Oil slumps 5% after IMF cuts economic growth outlook

Prices fell despite lower output from OPEC+, which produced 1.45 million barrels per day (bpd) below its targets in March, as Russian output began to decline following sanctions

Brent crude dips 3.4% to $109.22 as IMF cuts global growth outlook

Brent crude was down $3.94, or 3.4%, to $109.22 a barrel at 1338 GMT, having risen more than $1 to $114.21 earlier in the session

Wall Street, bond yields head higher as global growth hopes trimmed

Wall Street opened higher on Tuesday and bond yields continued to swing upward as Russia's invasion of Ukraine weighed on global growth expectations