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Tata Motors raises $425 mn in offshore bonds to pare debt, meet expenses

Of the proceeds raised, Tata will use $318 million to refinance existing loans and the rest to meet corporate expenses

May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug

Overall demand contracted at the sharpest rate since August, with foreign demand shrinking at the fastest pace since November

Govt considering edible oil import tax cut to lower prices, says report

The government will make a final decision to cut the taxes sometime this month

Govt signs deal with Hyderabad firm for 300 million Covid vaccine doses

The vaccine, which is currently undergoing phase-3 clinical trials, is likely to be available in the next few months.

Gold edges lower as dollar firms; focus on US economic data, Fed policy

On Tuesday, gold prices hit their highest level since January 8 at $1,916.40

World's coal producers now planning more than 400 new mines: Research

The world's coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity putting targets for slowing global climate change at risk.

Malaysia says Deloitte paid $80 million in 1MDB scandal settlement

Malaysia said it had received $80 million from audit firm Deloitte PLT, as part of a settlement deal related to a multi-billion dollar scandal at 1Malaysia Development Berhad

China's services activity growth slows in May to 55.1 from 56.3: Caixin PMI

China's services sector expansion slowed in May, a private sector survey showed on Thursday, with weaker overseas demand and increased costs putting pressure on businesses

Asia shares off three-month highs, caution ahead of US economic data

Asian shares were a touch below a recent three-month top with China a tad weaker as investors weighed inflation concerns ahead of key US economic data while oil prices rose to near 1-1/2 year highs

JBS meat plants reopen as White House blames Russia over hack

A notorious Russia-linked hacking group is behind the cyberattack against JBS, a source familiar with the matter said

ECB to keep policy loose this year despite high inflation risks: Poll

The poll showed headline inflation would pick up sharply to average 1.8% this year

China seeks to milk the milk market but doesn't have enough cows

But quenching that thirst will be problematic, not least because finding the millions more cows needed for planned new and expanded farms will be challenging

Amazon starts testing Britain's staff for latest coronavirus variants

The retail giant opened Covid-19 testing labs in the UK and the United States last year to provide voluntary testing for staff

Oil extends gains on OPEC+ supply discipline and demand prospects

By Stephanie Kelly

JBS workers returning as White House blames Russia over hack

By Nandita Bose and Tom Polansek

Wall Street treads water ahead of key economic data; AMC soars

By Lewis Krauskopf, Medha Singh and Shashank Nayar

Govt brings forward by two years 20% ethanol blend to gasoline

The government will bring forward to 2023 from 2025 the possibility of fuel companies selling gasoline containing up to 20% of ethanol (E20)

ECB to help euro zone 'well into' recovery, says chief Christine Lagarde

The European Central Bank will support the euro zone "well into" its recovery from a pandemic-induced double dip recession, ECB chief Christine Lagarde said on Wednesday

As unpredictable Olympics loom, Japan's sponsors struggle to adapt

Many sponsors are uncertain how to proceed with advertising campaigns or marketing events

US sets and suspends tariffs on six countries over digital taxes

The US Trade Representative's office said it had approved the threatened tariffs on goods from Britain, Italy, Spain, Turkey, India and Austria