Page 947 - Reuters

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

Crisis-hit Sri Lanka, India revive talks to link electric grids: Report

India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters

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

New gold-backed crypto shines amid Ukraine war, inflation led global gloom

By contrast, bitcoin has lost over 13% and ether is down 20%

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

Earnings optimism helps Wall St shrug off rising yields, Dow rises 300 pts

Shares of megacap companies like Microsoft Corp, Apple Inc and Amazon, typically sensitive to bond yields, jumped more than 1% despite hawkish comments from St. Louis Federal Reserve Bank President

IMF cuts global growth forecast due to 'seismic waves' from Ukraine war

The war is expected to slow growth and further increase inflation, the IMF said in its latest World Economic Outlook

OPEC share of India's oil imports steadies after six-year slump

OPEC's share of India's oil imports for the 2021/22 financial year remained almost flat year on year, arresting sharp declines over the the past six years

Gold prices ease as dollar firms, safe-haven demand caps losses

Gold is trading below $1,998.10, a more than one-month high hit on Monday, as the dollar index scaled an over two-year peak on elevated US Treasury yields

US Dollar steadies after hitting fresh 20-year high on yen

The dollar's gains have been most striking against the yen, climbing to its highest level of 128.32 yen against the Japanese currency since May 2002

European stocks decline, yen falls to 20-year low as US hikes loom

Investors were also preparing for the next barrage of earnings that will help them assess the impact of the Ukraine war and a spike in inflation on company financials

Soaring battery costs fail to cool electric vehicle sales: Report

EV demand has stayed strong even as the average cost of lithium-ion battery cells soared to an estimated $160 per kilowatt-hour in the first quarter from $105 last year

Oil steady despite Libya supply drop, Shanghai preparing to reopen

Brent crude futures rose 21 cents, or 0.2%, to $113.37 a barrel at 0020 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $108.19 a barrel

Yen hits record low at 127.44 against US dollar; lowest in 20 years

Dollar has risen 4.5% on the Japanese currency so far this month, which would be its second-biggest monthly percentage gain since 2016 behind March's 5.8%

US dollar touches fresh two-year high on steep Fed rate hike view

The benchmark U.S. 10-year Treasury yield, meanwhile, touched a three-year high of 2.884%

Wall Street closes lower as bond yields jump on growth concerns

A significant cut to global growth expectations from the World Bank, paired with March weakness in China's latest economic numbers injected some pessimism into US markets

Facing public ire, Sri Lanka's President to 'review executive powers'

Expands Cabinet ahead of IMF talks; Mahinda stays on