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Oil holds above $70 despite forecasts for weaker demand growth

Brent crude was down 18 cents, or 0.2per cent, at US$71.13 a barrel by 1332 GMT. US crude lost 14 cents, or 0.2per cent, to trade at US$68.95. Over the week the benchmarks are up less than 1per cent

Taliban capture Kandahar, Herat, Lashkar Gah; embassies getting staff out

US, Britain send troops to get staff out from Afghanistan; UN warns of 'catastrophic' impact of fight for Kabul

Italy's problem bank casts shadow over Mario Draghi's summer break

The Tuscan lender's decline has tarnished Draghi's record ever since 2008 when, as Bank of Italy chief, he approved its purchase of rival Antonveneta at an inflated price

Crypto platform Poly Network rewards hacker with $500,000 'bug bounty'

Poly Network is a decentralized finance (DeFi) platform that facilitates peer-to-peer transactions with a focus on allowing users to transfer or swap tokens across different blockchains.

Asian equities diverge from record-setting world stocks; dollar steady

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.87%, and was down 1.09% for the week.

Asian equities fall in early trade after world stocks hit new record

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.59%, having closed lower on each of the past three days

Samsung leader Jay Y. Lee released from South Korea prison on parole

Lee, 53, appeared outside the Seoul Detention Center, wearing a dark grey suit and looking thinner than when he was last detained in January

IEA cuts oil demand outlook on coronavirus, sees surplus in 2022

It's a marked reversal for the Paris-based agency, which just a month ago was urging the Opec+ alliance to open the taps or risk a damaging spike in prices

Ex-director seeks to stall $2-bn Paytm IPO, company calls it harassment

Saxena denied harassment and said Paytm had a high profile position that meant a private individual like him was not in a position to harass the company

Global M&A volumes hit new record in 2021, overtaking last year's haul

By Patturaja Murugaboopathy and Gaurav Dogra

Explainer: How hackers stole $600 mn in crypto tokens from Poly Network

Hackers pulled off the biggest ever cryptocurrency heist on Tuesday, stealing more than $600 million in digital coins from token-swapping platform Poly Network

Reddit to raise up to $700 million at over $10 billion valuation

In the ongoing round, it has already raised $410 million from Fidelity

Oil prices slip as IEA warns of slowdown in global demand recovery

Oil prices declined on Thursday after the International Energy Agency said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand

OPEC sticks to oil demand view despite virus, sees more US shale coming

The OPEC in a monthly report also raised its forecast of supply from rivals, including US shale producers, next year, a potential headwind for the efforts of the group and allies to balance the market

Crude oil prices steady as IEA warns of slowdown in demand recovery

Brent crude futures was down 26 cents, or 0.36%, at $71.18 a barrel by 11212 GMT, after earlier rising to a session-high of $71.90.

Over half of crypto tokens stolen in $610 mn hack now returned: Report

Poly Network, which allows users to transfer or swap tokens across different blockchains, said on Tuesday it had been hit by the cyberheists, urging the culprits to return the stolen funds.

Facebook may have to unwind $400-mn Giphy deal on UK's competition concerns

Facebook, the world's largest social media company, bought Giphy, a website for making and sharing animated images, or GIFs, in May last year to integrate it with its photo-sharing app, Instagram

Foxconn says watching for impact from worsening Covid-19 in Asia

For the Taiwanese company, demand for smartphones has been the main driver of record high net profit and revenue in the first half of the year, Chief Financial Officer David Huang said

Foxconn's Q2 profit beats estimates as pandemic drives tech demand

Taiwan's Foxconn reported a better-than expected quarterly profit on Thursday due to strong demand for technology products from clients, such as Apple Inc

Spread of Covid-19 Delta variant knocks oil demand outlook: IEA

Rising demand for oil abruptly reversed course in July and is set to proceed more slowly for the rest of the year due to the spread of the COVID-19 Delta variant, the International Energy Agency said