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Twitter sues Tesla CEO Elon Musk for violating $44 billion merger deal

"Musk apparently believes that he - unlike every other party subject to Delaware contract law - is free to change his mind, trash the company," Twitter said in the lawsuit

Gold price steadies near 9-month low with spotlight on US CPI data

By Eileen Soreng

IEA says oil market walking tightrope due to economic, supply risks

The estimate fell far short of producer group OPEC's estimate for the year of 3.4 million bpd growth on Tuesday

Global stocks and euro slip ahead of key US inflation data today

By Marc Jones

Gold prices steady as investors stand by for US inflation figures

Gold prices steadied near an over nine-month low on Wednesday, as investors cautiously awaited US inflation data for cues on the road ahead for the Federal Reserve's monetary policy

Rupee hits record low for a third straight session; touches 79.66 vs dollar

The Indian rupee hit a record low for a third straight session on Wednesday as foreign investors continued to dump riskier assets ahead of US inflation data

Euro clings to parity to dollar as markets await US inflation data

The euro hovered a whisker above parity to the dollar on Wednesday, with traders wary of the single currency being forced to levels unseen for decades if US inflation data, due to be released later

Global regulators back 'same risk, same regulation' for stablecoins

TerraUSD stablecoin collapsed earlier this year, while crypto lender Voyager Digital filed for bankruptcy this month

Asian shares bounce, markets on edge ahead of US inflation report

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.65%, snapping two straight days of losses, after having slumped to its lowest in two years the day before

Gold prices subdued in early trade as investors await US inflation data

Spot gold was up 0.1% at $1,727.89 per ounce at 0239 GMT, after dropping to its lowest level since late-September at $1,722.30 earlier

Euro hovers a whisker above parity as traders wait for US inflation data

The euro hovered a whisker above parity on the dollar on Wednesday ahead of US inflation data, with traders wary a sky-high reading could force it to lows not seen in decades

Global energy crisis likely to persist, not just due to Ukraine: RK Singh

India's power minister said the current global energy crisis is likely to go on for some time due to the "cartelisation" of the fossil fuel industry, not just because of the Ukraine conflict.

Brent crude settles below $100/bbl on higher dollar, weak demand outlook

Global benchmark Brent crude tumbled $7 on Tuesday to settle below $100 a barrel for the first time in three months on a strengthening dollar, Covid-19 curbs in China

China locks down city of 300,000 over single Covid case, says report

China is the last major economy glued to a zero-Covid policy

Gap chief executive Sonia Syngal exits as margin squeeze deepens

It also warned that margins would stay under pressure in the second quarter as costs spiral, sending shares of the company down about 4% after hours

Ditching Twitter makes Elon Musk richer by billions, says report

Sold 9.6 mn Tesla shares at an average of $885 per share to finance Twitter deal

At $1.00005, euro draws closer to parity as US dollar runs rampant

The dollar index gained 0.3% to as high as 108.56, while sterling hit another two-year low and the yen was not far off its weakest in more than two decades

S&P 500, Nasdaq subdued on recession fears; Boeing lifts Dow Jones

PepsiCo rises on upbeat revenue forecast; Gap slides on CEO exit, outlook; Boeing jumps as deliveries reach highest monthly level in 3 years

Brent slumps to below $100 a barrel on firm dollar, weak demand outlook

Brent and WTI fall by more than $7 a barrel; recession fears and China COVID curbs weigh on oil, say analysts; OPEC forecasts slower oil demand growth in 2023

Oil slides on strong dollar, weaker demand outlook and slowdown fears

Brent crude futures were down by $4.78, or 4.5%, at $102.32 a barrel by 1112 GMT, having earlier sunk as low as $101.48.