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Asia's factories feeble despite China bounce, feeds global recession fears

China's manufacturing activity expanded at its fastest in 13 months in June, a private survey showed, as the lifting of Covid lockdowns sent factories racing to meet solid demand

PMI Manufacturing: June factory growth at 9-month low as inflation bites

While the Manufacturing Purchasing Managers' Index remained resilient, it fell to a nine-month low of 53.9 in June from May's 54.6

Oil prices rise in early trade after falling 3% in previous session

Brent crude futures rose 83 cents, or 0.8%, to $109.86 a barrel by 0012 GMT. WTI crude futures for August delivery rose 70 cents, or 0.7%, to $106.46 a barrel

Asian stocks make tentative start to second half under growth clouds

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, with trade thinned by a holiday in Hong Kong

Euro up from two-week low, dollar drops ahead of euro zone price data

The dollar, which had been buoyed by safe-haven flows against the euro, last fell 0.305% to 104.720

Gold bound for worst quarter in over a year on hawkish Fed policy

Gold slipped on Thursday, heading for its worst quarter in five as a hawkish tone from global central banks dimmed appeal for the non-yielding asset

HSBC to relaunch private banking business within a year, says CEO

The lucrative but very competitive Indian market has few foreign players in a segment catering to high-net-worth individuals

General Motors calls off plan to sell India car plant to China's Great Wall

General Motors (GM) said it had called off the sale of a shuttered Indian plant to China's Great Wall Motor after they failed to obtain regulatory approvals

Israel dissolves parliament, faces fifth election in less than 4 years

Bennett will stand down at midnight to be replaced by his coalition partner, Foreign Minister Yair Lapid

China shakes off coronavirus lockdown pain, June PMI rises to 50.2

The official manufacturing purchasing managers' index (PMI) rose to 50.2 in June from 49.6 in May, the National Bureau of Statistics (NBS) said

Gazprom skips payout in a first since 1998; stock dips nearly 27%

"The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results," Deputy CEO Famil Sadygov said

US top court limits federal power to curb carbon emissions: Report

The Supreme Court's conservative majority has signaled ongoing skepticism toward expansive federal regulatory authority

S&P 500 closes the book on its biggest first-half plunge since 1970

The Dow Jones Industrial Average fell 219.61 points, or 0.71%, to 30,809.70

Gold prices bound for worst quarter in over a year on hawkish US Fed

By Ashitha Shivaprasad

Oil falls 2% on uncertainty over future OPEC-plus output, recession fears

Oil prices have fallen over recession feads and OPEC output, driving investors into frenzy

Wall Street slides, Dow Jones set for worst first-half since 1962

S&P 500 headed for worst first-half since 1970; the tech-heavy Nasdaq Composite came off session lows but was still set for its largest declines ever for the first-half

Biden says will see Saudi crown prince, won't push directly on oil

Weeks after taking office last year, Biden shifted US policy on Saudi Arabia, adopting a tougher stance over the kingdom's human rights record

HSBC to relaunch India private banking business within a year: Exec

HSBC will revive its private banking business by the end of this year, according to bank officials

Copper heads for biggest quarterly plunge since 2011 after China lockdowns

Copper prices fell on Thursday and were down almost 20% in the second quarter, the biggest quarterly fall since 2011, after COVID lockdowns in China and slowing economic growth curtailed demand.

June monsoon rains 8% below average, says weather department

India received 8% lower rainfall than average in June because of scanty rainfall in the central parts of the country, the state-run weather office said on Thursday.