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Sri Lanka stops fuel supply to non-essential services as crisis worsens

Fuel stocks set to run out in days without curbs; supplies only to essentials from Tuesday untl July 10; regulator hopes to keep power cuts at 3-4 hrs every day for 2 months

Credit Suisse found guilty by Swiss court in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial; Credit Suisse said the case arose from a investigation that dated back more than 14 years

UAE, Saudi can barely raise oil output, Macron tells Biden at G7 summit

Brent oil prices jumped by over $2 per barrel to above $115 per barrel on the news amid tight global supplies and rising demand

Wall Street sheds opening gains on losses in high-growth stocks

S&P 500 energy stocks among few gainers; Robinhood rises on Goldman Sachs upgrade

Crypto broker Voyager Digital issues default notice to Three Arrows Capital

Singapore-based 3AC is one of the higher profile crypto companies to have run into difficulties following crypto markets' selloff in recent months

Dollar treads water as stock markets reassess rate hike bets; ECB eyed

US Federal rate hikes are being counted on while share market investors are hedging their bets, leading to a Dollar drop

Del Vecchio rose from poverty to billions by adding style to spectacles

Iconic brands like Ray-Ban and Oakley were among the scores of targets Del Vecchio snapped up on his way to the top

Crude oil prices volatile ahead of G7 discussions on Russian exports

Oil prices are showing a shaky trend just before G7 discussions on export of Russian crude oil supplies amid the Ukraine Russian conflict.

Global stocks extend bear market bounce as oil prices ease inflation fears

World shares saw a jump in prices as inflation fears were curbed by a strong position hold of oil prices

Gold rises as G7 nations plan to ban precious metal imports from Russia

"The G7 import ban on Russian gold seems to be providing some short-term support in early Asia (trading)," OANDA senior analyst Jeffrey Halley said

US dollar, Japanese Yen find support as investors put safety first

The dollar and Japanese yen both found support in a choppy Asia session on Monday, benefiting from a bid for safety as investors worried rising interest rates and softening economic data

US aims to raise $200 bn as part of G7 rival to China's Belt & Road

Increasingly worried about China, G7 leaders first floated plans for the project last yr, and are formally launching it now under a fresh title, 'Partnership for Global Infrastructure and Investment'

Banking body BIS urges decisive wave of global rate hikes to stem inflation

Surging energy and food prices mean inflation in many places is now its hottest in decades

Egypt contracts to buy 180,000 tonnes of wheat from India: Aly Moselhy

India banned wheat exports in May because of lower domestic production, but made allowances for countries like Egypt with food security needs

Joe Biden urges G7 to stay together as leaders target Russian gold

Biden says Russia has failed to split G7; gold ban targets 'Putin's war machine', says British PM; oil import price cap also being discussed

Bruised US stock investors brace for more pain in second half of 2022

With investor expectations fluctuating between continued high inflation and an economic downturn caused by a hawkish Fed, few believe the market's volatility will dissipate anytime soon

Russian missiles rock central Kyiv as G7 leaders gather in Europe

Officials say one killed, five wounded; Ukraine loses key city to pro-Russian forces; G7 countries announce Russian gold ban at start of summit

Banking body BIS urges decisive wave of global rate hikes to stem inflation

Leading economies at risk of falling into high-inflation trap, says Bank for International Settlements

UK, US, Japan and Canada to ban Russia gold imports amid Ukraine war

Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of efforts to tighten the sanctions squeeze on Moscow for its invasion of Ukraine

Global dealmaking braces for dry spell as boardrooms put expansion on hold

Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the second quarter.