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US economy contracts 1.6% in first quarter amid record trade deficit

The US economy grew at a robust 6.9% pace in the fourth quarter

Crypto crash threatens N. Korea's stolen funds as it ramps up weapons tests

Sudden plunge in crypto, which started in May amid a broader economic slowdown, complicates Pyongyang's ability to cash in on that and other heists, and may affect how it plans to fund its weapon prog

Coal ministry seeks help from World Bank to re-purpose abandoned mines

Coal Ministry said it sought assistance from the World Bank and other global institutions for re-purposing its abandoned coal mines to make them stable and suitable for commercial purpose.

Gold choppy as investors weigh rate hikes against recession risks

Gold prices in a shaky situation as price hikes have created recession concerns among investors

UltraTech Cement paying for Russian coal in Chinese yuan: Report

UltraTech importing from Russian producer SUEK, valued at 172.7 mn yuan; SUEK's Dubai unit facilitated trade from Russia's Vanino port; traders say other companies set to pay in yuan for Russian coal

Oil prices rise for 4th day on supply worries as US inventories down

Oil prices are increasing for the fourth consecutive day amid supply crisis amongst US inventories and fear on market recession

Sharp rate hike bets keep Wall Street subdued, Goldman Sachs lifts Dow

US economy contracted in Q1 amid record trade deficit; BofA upgrades Goldman Sachs, shares rise; General Mills rises as sales beat on higher prices; Bed Bath & Beyond replaces CEO, shares tumble

WHO warns 'sustained transmission' of monkeypox risks vulnerable groups

The virus has now been identified in more than 50 new countries outside the countries in Africa where it is endemic

China's easing Covid curbs spark travel inquiry surge, and caution

Unexpected moves mark a significant easing of rigid curbs that have severely curtailed travel and battered China's economy, although tough measures remain in place including a scarcity of intl flights

H&M flags more price hikes, beats profit expecations by fewer discounts

Pretax profit at world's second-biggest fashion retailer jumped 33% from a year earlier to 4.78 bn crowns ($471 mn) in the Swedish group's second quarter, on sales growth of 12% in local currencies

Rate hike bets subdue gold prices even as economic slowdown fears mount

Spot gold fell 0.2% to $1,817.00 per ounce by 0920 GMT, holding a tight range between $1,814.30 - $1,822.76. U.S. gold futures were down 0.2% to $1,817.60.

Global stocks in red as consumers fear recession amid inflation trends

Stocks have globally taken a hit as consumers are fearing an impending recession market based on inflation trends in recent times

RBI may need to tweak forex strategy, let rupee weaken, say analysts

To control the tumble, the Reserve Bank of India (RBI) has sold dollars in the spot market and simultaneously bought and sold in the forwards market.

Tata Motors partners with Japan's Renesas to develop chip solutions

As part of the partnership, Renesas will also work with Tejas Networks, a Tata Group company, on wireless network solutions including 5G

Asian stocks fall in early trade amid concerns over recession, oil prices

Chinese blue chips which hit a four week high the day before, lost 0.6% while the Hong Kong benchmark fell 1.3%

Gold prices buoyed by lower US bond yields, possible fed rate hike

Spot gold was up 0.1% at $1,821.57 per ounce by 0254 GMT. U.S. gold futures firmed 0.1% at $1,823.10

Dollar falters as Treasury yields retreat amid recession risks, rate hike

Treasury 10-year yields slid more than 1 basis point in Tokyo, trading to around 3.17% as Asian equities followed Wall Street lower

Oil prices fall after three-day rally; concerns on supply shortage remain

U.S. West Texas Intermediate (WTI) crude futures slid 44 cents, or 0.4%, to $111.32 a barrel at 0150 GMT, giving up earlier gains

G7 discussions with China, India on Russian oil price cap positive: Report

Group of Seven democracies have had positive and productive discussions with China and India about a plan to cap the price of Russian oil, a source familiar with the G7 discussions said

Euro below $1.06 as Christine Lagarde keeps July policy options open

Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding above $117, pushing the Canadian dollar and the Australian dollar up 0.3% and 0.4% respectively