Page 1107 - Reuters/umtmi

ECB takes first step in long march to digital euro, tackle crypto boom

The European Central Bank took a first step on Wednesday towards launching a digital version of the euro, part of a global drive to meet growing demand for electronic means of payment

Climate change financial 'stress tests' need improving, global body says

Key challenges have been the much longer time horizons required to assess vulnerabilities to global warming compared to traditional stress tests

Citigroup Q2 profit beats market estimates on release of reserves

An economic recovery fueled by vaccine rollouts across the country and a $1.9 trillion stimulus package pushed through by the Biden administration earlier this year is expected to drive banking profit

India sugar stocks set to fall to 4-year low on record exports: ISMA

India could start 2021/22 marketing year on Oct. 1 with carry forward stock of 8.7 million tonnes, down from 10.7 million tonnes a year ago, said Indian Sugar Mills Association

Oil prices drop after Saudi Arabia and UAE reach output compromise

Under the compromise with Saudi Arabia, the UAE's baseline production will rise to 3.65 million barrels per day after the current pact expires in April 2022

China's bank regulator warns of rising bad loans due to uneven recovery

Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation

Gold firms as investors seek taper cues from Powell's testimony

Spot gold was up 0.3% at $1,812.80 per ounce, as of 0854 GMT. U.S. gold futures gained 0.2% to $1,814.20.

India's June WPI inflation eases to 12.07% despite rise in fuel prices

India's annual wholesale price inflation eased to 12.07% in June from the previous month's record of 12.94%, despite a spike in costs of fuel and manufactured goods

Apple's potential 'buy now, pay later' plan sends sector shares tumbling

Apple Inc is working on a service that will let users pay for purchases in instalments, sending shares of Afterpay Ltd and other 'buy now, pay later' companies sharply lower

Oil prices slip as drop in Chinese crude imports rings alarms on demand

Oil prices fell on future demand concerns after data showed that China's first-half crude imports dropped, but were still holding near a one-week high

Stocks, debt yields slip on biggest US inflation hike in 13 years

Stocks on Wall Street at first took the CPI data in stride, bidding up technology stocks that typically thrive with low interest rates

Taliban warns Turkey of consequences for securing Kabul airport

The Taliban have been fighting for 20 years to topple the Western-backed government in Kabul

US consumer prices post largest gain in 13 yrs; inflation has likely peaked

The consumer price index increased 0.9% last month, the largest gain since June 2008, after advancing 0.6% in May.

US ramps up warnings of business risks in China's Xinjiang region

U.S. government strengthened its warnings to businesses about growing risks of having supply chain investment links to China's Xinjiang region, citing forced labor and human rights abuses there.

FCC votes to finalise programme to replace Huawei equipment in US networks

The FCC's final order expands the companies eligible for reimbursement from those with 2 million or fewer customers to those with 10 million or fewer customers.

Nasdaq hits record high as growth stocks rise; inflation data weighs

Nine of the 11 major S&P 500 sector indexes were trading lower, with the defensive real estate and utilities sectors leading declines.

Twitter permanently suspends some fake accounts it verified by mistake

Twitter Inc said on Tuesday it mistakenly verified some fake accounts that the social media company has now permanently suspended, months after restarting its verification program.

Int'l Energy Agency says refining throughput set to rise in July, August

The Paris-based agency, however, expected the trend will lose momentum in winter due to seasonal maintenance of refineries.

Gold price holds tight range as traders seek direction from US data

Spot gold was up 0.3% at $1,811.95 per ounce by 1208 GMT. U.S. gold futures were 0.2% higher at $1,809.80.

OPEC+ impasse risks price war as demand surges for oil, says IEA

The IEA said market volatility stoked by the impasse served neither producers nor consumers and that while higher fuel prices could provide an impetus to developing more renewable energy