Page 937 - Reuters/workspace/business Standard Web/undefined

EU to pledge support for Ukraine, but not ready with new Russia sanctions

Over two days, leaders of the 27-nation bloc are to discuss how best to aid Ukraine four months into Russia's invasion and how to deal with the conflict's impacts

Having shipped artillery shells to Ukraine, Canada asks S Korea for more

Canada has asked South Korea to supply it with artillery rounds, Seoul said, apparently to "backfill" supplies that Ottawa has sent to Ukraine

Ukrainian defenders hold out in Donbas city under heavy Russian fire

Constant Russian shelling has destroyed all of the critical infrastructure in Sievierodonetsk, the largest city Ukraine still controls in Luhansk, Ukrainian President said

Dollar value drifts toward monthly loss as Federal Reserve bets ease

Early in the Asia session the dollar was a fraction weaker on the euro at $1.0728, just above a five-week low, having dropped about 1.5% on the common currency last week

Gold prices strengthens in range-bound trade as dollar value dips

Spot gold was up 0.2% at $1,856.86 per ounce, as of 0152 GMT. U.S. gold futures edged 0.1% higher to $1,859.40

Oil climbs to two-month high ahead of EU meeting on Russia sanctions

Brent crude futures gained 46 cents, or 0.4%, to $119.89 a barrel at 0111 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped 60 cents, or 0.5%, to $115.67 a barrel

Russia mulls making international payments using cryptocurrency: Report

Discussions have been ongoing for months but no consensus has yet been reached

Shanghai to cancel several restrictions on companies to aid economy

Businesses will also from June 1 no longer need to apply to resume work, he said, without detailing what other restrictions were being removed

Sri Lanka PM proposes to make president, cabinet answerable to parliament

Sri Lanka has been rocked by protests due to an unprecedented financial crisis, which culminated in the resignation of former Prime Minister Mahinda Rajapaksa and his cabinet this month

Coal India to import for first time in years as power shortages loom

India is expected to face a wider coal shortage during the third quarter of 2022 due to expectations of higher electricity demand, stoking fears of widespread power outages

Gold prices set for second weekly gain as dollar, US treasury yields slip

Benchmark 10-year note yields were down on the day, after briefly rising on strong spending data, while the dollar was headed for a second consecutive week of declines.

Putin says he's willing to discuss resuming Ukrainian grain shipments

Putin also informed French President and German Chancellor that Russia was ready to increase its export of fertilizers and agricultural products if sanctions against it were lifted

Shanghai edges towards Covid reopening as Beijing plans to ease curbs

Shanghai officials urged continued vigilance, even though the vast majority of its 25 million residents live in areas that are in the lowest-risk 'prevention' category

Oil prices settle up ahead of US driving season, EU embargo decision

"Demand is strong with products leading the way, especially gasoline which dragged crude oil up with it," said John Kilduff, a partner at Again Capital LLC.

Disease experts call on WHO, governments for more action on monkeypox

Scientists say there needs to be clearer guidance on how a person infected with monkeypox should isolate, more explicit advice on how to protect people who are at risk, and improved testing

US doctors reconsider Pfizer's Paxlovid for lower-risk Covid patients

On Tuesday, the CDC, citing case reports and concerns that relapsed patients could spread the virus, issued its advisory that Paxlovid users should isolate for a second five days if symptoms rebound

Chelsea reach final agreement for sale of club to Boehly-led consortium

The takeover is expected to be completed on Monday

Russia says eastern Ukraine town of Lyman is under its full control

Pro-Russian separatists from the self-proclaimed Donetsk People's Republic had said on Friday that they had fully captured the town, a railway hub west of Sievierodonetsk

Dollar slides for second week as traders adjust US Fed rate hike views

The dollar index, which measures the safe-haven currency against a basket of six other major currencies, fell as low as 101.43, its weakest since April 25.

Equities rise, yields fall after data shows US inflation may have peaked

Consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.9% last month, and although inflation continued to increase in April, it was less than in recent months