Page 976 - Reuters

Gold prices fall 1% after strong US jobs data, firmer dollar

Spot gold XAU= fell 0.7% to $1,924.16 per ounce by 10:44 a.m. ET (1444) GMT. U.S. gold futures GCv1 dropped 1.3% to $1,928.00

World shares rise, US yield curve inverts after strong jobs data

The pan-European STOXX 600 index rose 0.62% and MSCI's gauge of stocks across the globe gained 0.05%

Russia's Lavrov hopes to bypass sanctions in trade with 'friend' India

India and China are the only major countries that have not condemned what Russia calls its "special military operation"

US economy not letting war, pandemic get in the way of a good time

There are signs also that larger changes, expected by economists as part of a 'normalizing' economy, are beginning to take shape

How Sri Lanka's economy spiralled into crisis: An explainer

A severe shortage of foreign currency has left Rajapaksa's government unable to pay for essential imports, including fuel, leading to debilitating power cuts lasting up to 13 hours

Europe pursues payment response as Russian gas supply threat eases

European capitals have been on alert for a disruption to gas imports for weeks as President Vladimir Putin seeks retaliation over Western sanctions for Russia's invasion of Ukraine

Car sales in India rise but automakers warn of supply chain disruptions

Tata Motors, which is also India's largest electric carmaker, reported its highest ever annual sales of passenger vehicles, up 67% to 370,372 units from a year ago

Marta Ortega: More than a chairperson - founder's daughter takes Zara helm

The 38-year-old will also remain involved in managing fashion merchandise at Zara, the business that generates 70% of Inditex's revenues

Oil benchmarks on course for biggest weekly losses in 2 years

The benchmark Brent and WTI contracts were both on course for their biggest weekly falls in two years at 13% and 12%, respectively

Chinese trade with Russia feels the sting of Ukraine war

Last year, about 30% of her 40 million yuan ($6.29 million) revenue came from Russia

European gas buyers navigate Russian rouble order as supply threat eases

But Russia does not have an alternative market to deliver its natural gas to, so stopping flows would also hit its income

Tariffs to be eliminated on over 85% of Australian goods exports to India

The Australia-India Economic Cooperation and Trade Agreement will be signed on Saturday in a virtual ceremony by Trade Minister Dan Tehan and India's Minister of Commerce & Industry, Piyush Goyal

Sri Lanka lifts curfew after violent protests over economic crisis

Hundreds of protesters gathered near Rajapaksa's residence in a Colombo suburb late on Thursday before police moved in to disperse them with tear gas and water cannons

Oil prices fall as IEA members meet to discuss stocks release

The two benchmark contracts were headed for their biggest weekly losses in two years at 14% and 13%, respectively

World stocks dip on war, recession worries, oil falls $2 on reserve release

MSCI's global share index fell 0.17% to 710.22, against a high of 724.49 hit on Wednesday, heading for little change on the week.

Russia central bank eases some curbs on transferring money abroad

Western sanctions imposed on Russia have limited the central bank's ability to support the rouble.

Gold flat ahead of US data as firmer dollar counters safe-haven demand

Spot gold stood its ground at $1,937.55 per ounce, as of 0425 GMT, but was on course to end the week more than 1% lower. U.S. gold futures fell 0.5% to $1,944.20.

Putin ally Medvedev says Russia could limit farm supplies to 'friends'

The European Union and Ukraine are Russia's main competitors in the wheat trade.

Dollar edges higher ahead of payrolls, resumes climb versus yen

The U.S. currency also garnered support due to its status as a pre-eminent safe haven, with peace talks between Russia and Ukraine stumbling, though they are set to resume later on Friday.

India's electricity output in March grows at fastest pace in 3 months

India's electricity generation rose 5.99% in March from the corresponding period last year, for its fastest pace of growth in three months, government data showed.