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Oil dips on China's new lockdown measures but stays near three-month highs

Oil prices took a fall following Shanghai's new lockdown restrictions imposed recently. However, it maintained the nearly three-month high streak, say market reports

Amul urges Modi to delay plastic straw ban, cites impact on dairy farmers

The decision has spooked Amul and global drinks majors including PepsiCo Inc and Coca-Cola, especially after the government declined to change its stance

Ukraine's Zelensky imposes sanctions on Putin and top Russian officials

The sanctioned officials included Putin's spokesman Dmitry Peskov, Prime Minister Mikhail Mishustin, veteran Foreign Minister Sergei Lavrov and Defence Minister Sergei Shoigu.

US household wealth declines for first time in 2 years in 1st quarter

US household wealth has declined by more than $500 billion from record figures of previous year

IMF hopes to mobilise as much funding as possible to help Ukraine

The Kyiv School of Economics estimated in late May that the physical infrastructure damage already exceeded $105 billion

India considers curbing fridge imports to boost local industry: Report

Sources say the government is considering mandating that importers seek a licence from the authorities, replacing the existing free-import regime

IAEA warns of 'fatal blow' to nuclear deal as Iran removes its cameras

Iran has started removing 27 surveillance cameras from nuclear sites across the country, the UN nuclear watchdog said Thursday

European stocks, euro slip as ECB set to join rate hike club from July

European stocks have taken a dip alongisde the currency as ECB sets in to join the rate hike club like many others, say reports

Wall Street slips as growth stocks struggle amid rising bond yields

Tesla gains on surge in China sales, UBS upgrade; 10-year Treasury yield up at 3.04%; Brent above $123 a barrel

Credit Suisse CEO calls queries over State Street takeover 'really stupid'

Gottstein said on Thursday no joint venture or strategic option was on the table for the business, adding asset management remained a key division for Credit Suisse.

Meta unfriends FB stock ticker in final farewell to the Facebook era

Meta Platforms Inc rebranded from its eponymous social networking platform in October 2021, betting that the metaverse, a shared virtual realm, will succeed mobile internet

Gold subdued as US Treasury yields stay firm; ECB, Fed verdict in focus

Spot gold was down 0.3% at $1,847.90 per ounce as of 0956 GMT and US gold futures had declined 0.3% to $1,850.50.

Charting course out of stimulus, ECB to signal rate hikes to curb inflation

With inflation at a record-high 8.1% and broadening quickly, the ECB has already flagged a series of moves, hoping to stop rapid price growth from morphing into a hard-to-break wage-price spiral.

Oil sticks near three-month highs despite new Covid lockdowns in Shanghai

Brent crude futures for August dipped 9 cents to $123.49 a barrel at 0853 GMT, while US West Texas Intermediate crude for July was at $121.89 a barrel, down 22 cents.

Millions could starve due to Russia's blockade of Ukrainian ports: Zelensky

Millions of people may starve if the Russian blockade of the Black Sea continues," he said

Oil extends gains on robust US demand, China optimism as Covid cases dip

The United States posted a record fall in strategic crude reserves even as commercial stocks rose last week, data from the Energy Information Administration (EIA) showed on Wednesday

Crop-nourishing monsoon rains likely to pick up steam by mid-June: IMD

"As per our extended range forecast, rainfall activity is likely to increase by June 15," Mrutyunjay Mohapatra, director general of the IMD, told Reuters in an interview

Twitter plans to have shareholder vote by August on sale to Elon Musk

Musk's lawyers warned Twitter on Monday that he might walk away from the acquisition if the company fails to provide the data he seeks on spam and fake accounts

Brothers at odds, but ruling family still holds key to Lanka's future

Despite the president's order, the demonstrations against inflation, power blackouts and shortages of essentials turned deadly

Twitter plans shareholder vote by August on $44-bn sale to Elon Musk

Musk's lawyers warned Twitter on Monday that he might walk away from the acquisition if the company fails to provide the data he seeks on spam and fake accounts