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Google to pay $90 million to settle lawsuit with app developers

The lawsuit was filed in San Francisco

China takes fresh steps to open $20 trillion bond market to foreigners

Overseas investors reduced holdings of Chinese bonds for a fourth consecutive month in May, as diverging monetary policies kept Chinese yields pinned below their US counterparts

European Union approves rules to tame 'Wild West' crypto market

Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating money laundering

Meta Platforms slashes hiring plans, girds for 'fierce' headwinds

Meta confirmed hiring pauses in broad terms last month, but exact figures have not previously been reported

China's Great Wall Motor shelves $1 billion India investment plan: Report

The automaker has been planning to enter Indian market since 2020 and the failure to secure approvals makes it one of biggest casualties of New Delhi's increased scrutiny of investments from Beijing.

Second half of 2022 starts with more declines in global stocks, yields

US Treasury yields tumbled on market expectations that US consumer prices will come down close to the Federal Reserve's inflation target.

Wall Street begins second-half with losses on economic growth worries

Dow Jones Industrial Average was down 114.85 points, or 0.37%, at 30,660.58, the S&P 500 was down 9.89 points, or 0.26%, at 3,775.49

Global factory growth feeble in June, feeding economic recession fears

Between central banks digging their heels in to counter inflation and growing fears there is absolutely no path to a soft landing for the global economy, there are few, if any, places to hide

India likely to receive 94% to 106% of expected monsoon rain in July

India received 8% lower rainfall than average in June because of a scanty monsoon in the central parts of the country

Oil prices fall on recession fears, on track for third weekly loss

Brent crude futures were down 43 cents, or 0.4%, at $108.60 a barrel by 0653 GMT, giving up earlier gains of more than $1

Dollar heads for weekly gain as investors weigh rates, recession risks

The dollar index inched up 0.07% in Asian trading, after a 0.32% drop overnight when it was undermined by weaker-than-expected consumer spending data

Gold set for third weekly fall on dollar strength, aggressive rate hikes

Spot gold was down 0.2% at $1,804.26 per ounce, as of 0258 GMT, after hitting an over six-week low of $1,801.50 in the previous session. U.S. gold futures dipped 0.1% to$1,805.00

Asia's factories feeble despite China bounce, feeds global recession fears

China's manufacturing activity expanded at its fastest in 13 months in June, a private survey showed, as the lifting of Covid lockdowns sent factories racing to meet solid demand

PMI Manufacturing: June factory growth at 9-month low as inflation bites

While the Manufacturing Purchasing Managers' Index remained resilient, it fell to a nine-month low of 53.9 in June from May's 54.6

Oil prices rise in early trade after falling 3% in previous session

Brent crude futures rose 83 cents, or 0.8%, to $109.86 a barrel by 0012 GMT. WTI crude futures for August delivery rose 70 cents, or 0.7%, to $106.46 a barrel

Asian stocks make tentative start to second half under growth clouds

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, with trade thinned by a holiday in Hong Kong

Euro up from two-week low, dollar drops ahead of euro zone price data

The dollar, which had been buoyed by safe-haven flows against the euro, last fell 0.305% to 104.720

Gold bound for worst quarter in over a year on hawkish Fed policy

Gold slipped on Thursday, heading for its worst quarter in five as a hawkish tone from global central banks dimmed appeal for the non-yielding asset

HSBC to relaunch private banking business within a year, says CEO

The lucrative but very competitive Indian market has few foreign players in a segment catering to high-net-worth individuals

General Motors calls off plan to sell India car plant to China's Great Wall

General Motors (GM) said it had called off the sale of a shuttered Indian plant to China's Great Wall Motor after they failed to obtain regulatory approvals