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'Ask Siemens Energy', says Gazprom on resumption of Nord Stream 1

Gazprom on Friday said the Nord Stream 1 pipeline, Europe's major supply route, would remain shut as a turbine at a compressor station had an engine oil leak, sending wholesale gas prices soaring.

India inflation rate likely rose to 6.9% in August, says Deutsche Bank

The risks to food inflation persist with negative seasonality kicking in for the September-November period, the bank said

Nomura raises India's CAD estimate on fears of slowdown in export

Research house Nomura expects CAD as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will further skew the country's trade imbalances

Kirit Parikh panel to review local gas pricing formula to tame inflation

India links local gas prices to a formula tied to global benchmarks, including Henry Hub, Alberta gas, NBP and Russian gas with a lag of one quarter

Wall St extends losses as Fed worries remain; Bed Bath & Beyond shares sink

Bed Bath & Beyond shares sink after CFO's death; Wall Street coming off three straight week of declines

Liz Truss vows energy crisis action after becoming Britain's new PM

In her first speech as Prime Minister, Liz Truss says her government will 'transform Britain into an aspiration nation'

Updated Covid boosters ready in US this week, says White House

US health officials said on Tuesday that the vaccine is moving closer to an annual jab, as with flu shots

ECB talk weighs on euro as Europe's stocks and pound fight off gas woes

Russia's gas would remain the "Damocles sword" hanging over Europe's economy, he added, while the scale of interest rate rises likely to come and the risk of recessions was still not fully reflected

Japan's yen skids past 142 per dollar, sterling clings onto early gains

The dollar climbed 1.07% on the yen to 142.1, a fresh 24-year high. The dollar is up 23% against the Japanese currency so far this year

Oil prices slide as demand fears return after OPEC-led rally on output cut

Oil fell after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support from OPEC+'s first output target cut since 2020

Matrimony.com launches app catering to India's LGBTQIA+ community

Matchmaking site Matrimony.com Ltd has launched a new app catering to the members of the LGBTQIA+ community, the company said

Gold pares gains as US dollar strengthens, rate-hike fear dominates mood

Spot gold was up 0.1% at $1,712.09 per ounce as of 1018 GMT. Prices hit a one-week high, rising nearly 1%, earlier in the session

Sri Lanka has an IMF deal, now seeking debt relief from China and India

Spending cuts, tax hikes and debt write-downs are a common formula for bankrupt countries, but crisis veterans say there are some uniquely difficult elements here

India gives coal-fired plants extra 2 years to install emissions equipment

Indian cities have some of the world's most polluted air. Thermal utilities, which produce 75% of the country's power, account for some 80% of industrial emissions of sulphur- and nitrous-oxides

SoftBank plans $35 million bet on India's GoMechanic, says report

SoftBank has for years been a prominent backer of Indian startups, investing close to $4 billion last year alone, according to data from Venture Intelligence

India's crude oil supplies to come mostly from Gulf: Hardeep Singh Puri

Indian refiners have been snapping up relatively cheap Russian oil, shunned by Western companies and countries since sanctions were imposed against Moscow.

Curtains drawing on rising global house prices as interest rates grow: Poll

A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost of living, according to Reuters polls of housing analysts

EU gas prices surge 30% as Russia shuts main pipeline: Report

The Dutch TTF October gas contract had eased to 256 euros, up 23 per cent on the day by 0723 GMT but almost 400 per cent higher than a year ago.

Liz Truss vows tax cuts after winning vote to become next British PM

Truss beats ex-finance minister Sunak to be new PM; Boris Johnson to formally step down on Tuesday; new leader faces cost of living, energy price crisis

Russia blames Europe for gas crisis, warns West of oil retaliation

Europe to blame for Nord Stream 1 shutdown, says Kermlin and warns of retaliation over G7 oil price cap; European gas prices rocket 30%, shares fall