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China says it conducted 'readiness patrol' in seas, airspace around Taiwan

China, which claims democratically governed Taiwan as its own territory, has stepped up its military manoeuvres around the island over the past two years or so

Asia's factory activity slows in May as China's Covid curbs weigh

Manufacturers slowed activity last month in countries ranging from Japan to Taiwan and Malaysia, business surveys showed

Dollar hits two-week peak against Japanese yen amid US yield rise

The dollar rose to a two-week high versus the yen on Wednesday, lifted by higher Treasury yields as global inflation worries flared anew

Oil prices open higher on EU Russian oil ban, end of Shanghai lockdown

Oil prices rose in early Asian trade today after EU leaders agreed to a partial and phased ban on Russian oil and China ended its Covid-19 lockdown in Shanghai

Govt slashes base import price of palm oil; raises rate of soyoil

India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement

Meta Platforms to trade on Nasddaq under 'META' ticker from June 9

Meta Platforms Inc said its Class A common stock will begin trading on the Nasdaq under the ticker symbol 'META' prior to market open on June 9, replacing its current ticker symbol 'FB'

Cryptocurrencies becoming a popular option in US to fund retirement

Some 27% of Americans aged 18-60 - around 50 million people - have owned or traded crypto in the past six months, a poll published last week by crypto exchange KuCoin found

China announces detailed stimulus measures to support virus-hit economy

The stimulus package underscores Beijing's shift toward growth after Covid control measures pounded the economy and threaten Beijing's 5.5% growth target for the year

Euro zone inflation hits new record, adding to case for big ECB rate hikes

Energy prices jumped 39.2%, highlighting how the war and the accompanying global energy crunch are making life more expensive for the eurozone's 343 million people

Brent tops $124 as European Union to ban 90% of Russia oil by year-end

Ban likely to cost moscow billions of dollars every year

German officials raid Deutsche Bank's DWS over 'greenwashing' claims

DWS has faced regulatory probes in the US and Germany after its former chief sustainability officer, Desiree Fixler, alleged last year that the company inflated its ESG credentials

Wall Street mixed amid inflation fears; Powell-Biden talks in focus

Energy outperformed with a 1.1% gain as Brent crude climbed above $120 a barrel

After P&G revamp, activist investor Nelson Peltz moves on to Unilever

Billionaire investor has built 1.5% stake in Unilever, he will also serve on compensation committee; shares jump 7% as investors welcome potential overhaul

Oil prices' bull run continues as EU agrees to ban Russian oil supply

By Shadia Nasralla

Wild swings of May not necessarily the end of market turmoil: Here's why

They certainly sold in May, but rather than go away as the old stock market adage suggests, traders returned to aggressively buy the dip, causing some of the wildest monthly swings in recent times.

Gold set for monthly loss as US Treasury yields, dollar strengthen

The U.S. dollar strengthened following hawkish comments by a senior Federal Reserve official causing gold to retreat, Ricardo Evangelista, senior analyst at ActivTrades said in a note.

Oil price surge fans inflation fears, weakens US, European stocks

By Sujata Rao

Japan's Chubu Electric to buy 20% stake in India's OMC Power for $39 mn

Japan's Chubu Electric Power Co Inc said it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India's rural renewable energy service company, OMC Power Private Ltd

Global refiners struggle to meet global demand amid high prices, shortage

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the US and Brazil

Indian house prices set to rise again despite higher rates, shows poll

A lack of demand has kept India's property market relatively quiet during the pandemic compared with other world markets that rocketed higher as households scrambled to buy more living space