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Amid volatility, Bitcoin rallies from three-month low on Musk's tweet

Musk said Tesla would not sell its bitcoin, but the cryptocurrency has dropped by almost a quarter since Musk's reversal on Tesla taking it as payment

Global stocks steady, gold at three-month high on inflation concerns

Markets have been skittish in recent weeks as bumper supplies of central bank stimulus and rising prices in the United States and other countries fuel concerns some economies could overheat

China's factory output slows in April as bottlenecks crimp production

While China's exporters are enjoying strong demand, global supply chain bottlenecks and rising raw materials costs have weighed on production

Bitcoin hits three-month low as Elon Musk drives investors to exit

Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin

Gold scales over three-month high on virus worries, lower US yields

Gold prices rose on Monday to their highest level in more than three months, as a dip in U.S. Treasury yields and worries over surging Covid cases in some Asian countries boosted demand for metal

Oil edges lower as Covid-19 restrictions in Asia fuel demand concerns

Brent crude oil futures were down 8 cents, or 0.1%, at $68.63 a barrel as of 0036 GMT, and West Texas Intermediate (WTI) crude was down 7 cents, or 0.1%, at $65.30

Asia shares left listless as Chinese sales data misses expectations

Taiwan's government on Monday had to reassure investors it would stabilise stock and foreign exchange markets if needed amid a spike in Covid-19 cases

US President Joe Biden revokes Donald Trump orders on social media

The White House released an order by Biden revoking several of Trump's executive orders

India's 'never seen before' Budget may fall flat as virus strikes back

The health crisis has hit the Indian bureaucracy badly with many key officials infected by the coronavirus, slowing decisions on privatisations, among other proposed reforms

India's once-in-a-century budget runs into trouble as virus strikes back

The budget aimed to revive Asia's third-largest economy via investing in infrastructure and health care, while relying on an aggressive privatisation strategy and robust tax collections

Cipla says supply of Covid-19 drug Remdesivir catching up with demand

Backorders and complaints over low supply started moderating in the second week of May, the drugmaker said

Cairn Energy sues Air India to enforce $1.2 bn arbitration award: Report

The move ratchets up pressure on India's government to pay the sum of $1.2 billion plus interest and costs that the British firm Cairn was awarded by an arbitration tribunal in December

US capital running out of gas, even as Colonial Pipeline recovers

Widespread panic buying continued two days after the pipeline network restarted, leaving filling stations across the US Southeast out of gas

Retailers set for earnings stage after inflation-sparked market turbulence

Stocks rebounded somewhat on Thursday and Friday, putting the S&P 500's gain for the year at more than 10%.

Second Pfizer shot after 12 weeks produces more antibodies: Study

Extending 2nd dose interval increases the peak antibody response 3.5-fold

Wall St extends recovery at end of volatile week as investors turn hopeful

Wall Street's major indexes are set for their steepest weekly drop since February after stronger-than-expected inflation data, signs of labor shortage and higher commodity prices

India's coronavirus crisis pushes up the cost of living - and dying

India's second wave of the coronavirus has not only created shortages of oxygen, medicines and hospital beds, but also of wood for funeral pyres, hearses and crematorium slots

How murky legal rules allow Tesla's Elon Musk to keep moving markets

While consumer advocates said Musk was hurting investors and making a mockery of the public markets, it was unclear that he was breaking any rules simply by wielding his influence

Dr Reddy's to get 36 mn doses of Sputnik V vaccine in next few months

The drugmaker on Friday reported a 27.6% drop in fourth-quarter consolidated net profit, compared with a year earlier.

Colonial Pipeline ramps up as US seeks to emerge from fuel crunch

Colonial Pipeline announced late Thursday it had restarted its entire pipeline system linking refineries on the Gulf Coast to markets along the eastern seaboard.