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Oil slides on China's travel curbs amid Covid-19, strengthening US dollar

By Sonali Paul

China's Alibaba fires manager accused of sexually assaulting employee

By Josh Horwitz

Saudi Aramco Q2 profit up on higher prices, declares $18.8 bn as dividend

Company says its results were supported by the global easing of Covid-19 restrictions, vaccination campaigns

Indian bankers in talks as court rulings threaten over $6 billion in loans

Any failure to recoup money adds to stress in banking sector, which is dealing with increased level of bad loans and reduced profits because of the impact of the pandemic

Rocked by sexual assault claim, Alibaba starts probe, suspends staff

Chinese e-commerce giant Alibaba Group said it has suspended several staff following an employee's allegations on the company's intranet that she was sexually assaulted by her boss and a client

Berkshire Hathaway operating profit rises 21%, showing signs of recovery

Net income, including gains from common stock investments, rose 7% to $28.1 billion

China's July foreign exchange reserves rise to $3.236 trillion

China held 62.64 million fine troy ounces of gold at the end of July, from 62.64 million ounces at the end-June.

Banker behind report alleging HSBC racism resigns over lack of support

By Lawrence White

Wall Street muted on jobs growth as inflation, Delta variant fears weigh

A positive jobs report spurred Wall Street to push some stocks and Treasuries higher on Friday, but investor optimism was tempered by looming inflation, declining Federal Reserve stimulus

Oil prices steady, but set for big weekly loss on demand worries

Oil prices were steady on Friday, but on track for steep weekly declines on concerns over the impact on fuel demand from travel restrictions to curb spread of Covid-19

Huawei reports biggest ever revenue drop as consumer growth engine stutters

US sanctions drove company to sell chunk of its once-dominant handset business

Gold slips on firmer dollar as markets prep for United States jobs data

Spot gold fell 0.3% to $1,799.20 per ounce by 0844 GMT

Huawei revenue drops 29% as its consumer growth engine stutters

The biggest drop came from Huawei's consumer business group, which includes handsets

China's export, import growth seen moderating in July, finds poll

Exporters are grappling with higher freight costs and lingering logistics bottlenecks.

Markets eye United States jobs report as stocks, FX dip on delta blues

A key jobs report due later in the day is expected to deliver further signs of growth in the United States

Gold edges down on strong dollar as investors eye US jobs report

Spot gold fell 0.3% to $1,799.46 per ounce by 0517 GMT, set for its worst weekly performance since mid-June.

US FTC says Facebook misused privacy decree to shut down ad research

The US FTC criticized Facebook on Thursday for making "misleading claims" to explain why it had disabled the accounts of researchers studying political ads on the social media platform

Asian shares fall as Delta variant of Covid-19 casts shadow over growth

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.35%, dragged down by Chinese blue chips, which fell 0.56% and Hong Kong down 0.46%

US biz groups call on Biden to restart trade talks with China: Report

The tariffs on Chinese products paid by US importers were imposed to ensure that Beijing fulfills its obligations under its 2020 Phase One trade pact with the United States.

India rates hit 4-1/2-year low on weak demand, logistical bottlenecks

Top exporter India's 5% broken parboiled variety quotes fell to $354 to $358 per tonne from last week's $361 to $366 a tonne.