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World stocks in a tailspin, dollar soars as hard landing fears grow

By Marc Jones

Dollar hits two-decade high, rattled investors plump for safe haven

By Stefano Rebaudo

Oil slips more than 2% on as recession fears spreads to financial markets

By Bozorgmehr Sharafedin

Reversing assessment, IEA sees world weathering lost Russian oil supply

By Noah Browning

Gold prices inch lower as Dollar rally appeal dims post US inflation data

Spot gold fell 0.2% to $1,848.15 per ounce by 0959 GMT. U.S. gold futures were down 0.2% at $1,849.20.

India's economic growth to slow if RBI hikes interest rates: Finance Secy

T V Somanathan was reacting to reports of RBI likely raising its inflation projection for the current fiscal year at its June monetary policy meeting

Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains

The world's largest cryptocurrency dropped as low as $26,970, to stand at its lowest since Dec. 28, 2020. In the last eight sessions, it has lost a third of its value, or $13,000

ED asks court to restore block on $725 million Xiaomi bank assets

ED had seized the money saying Xiaomi had illegally transferred funds abroad to three entities, including one in the Xiaomi group, describing them as payments "in the guise of royalty".

SoftBank reports $13 billion FY net loss, faces sliding tech portfolio

The slump is casting a shadow on founder and CEO Masayoshi Son's strategy of heavy concentration in high-growth stocks increasingly out of favour with investors as interest rates rise

Toyota rolls out first EV in cautious debut as rivals go full-throttle

Toyota plans to start selling the bZ4X in other markets later this year, and pre-orders have already started in some European countries.

Gold gains as dollar, Treasury yields weaken after US inflation data

A weaker dollar makes gold attractive for overseas buyers, while lower Treasury yields reduce the opportunity cost of holding zero-yield bullion

US shares drop, dollar remains firm as inflation stokes worries on economy

Apple shares fell 5% overnight, dragging the S&P 500 down 1.65% and the Nasdaq down 3.2%

Tata Group making plans for battery firm in India, abroad: N Chandrasekaran

The group is making a transition towards sustainability across businesses which includes a clean mobility push at Tata Motors and its British luxury unit Jaguar Land Rover, N Chandrasekaran said

Dorsey says no plans to head Twitter again, hints at limited involvement

Jack Dorsey, who currently heads payments firm Block Inc, owns a 2.4% stake in Twitter, according to Refinitiv

Dollar hovers near two-decade high of 103.92 as US inflation moderates

The consumer price index climbed 8.3% on an annual basis in April, easing from 8.5% in March but outstripping the 8.1% estimate of economists

Russian importers seek deals with small Indian firms to sidestep sanctions

Private players in Russia have met with potential suppliers in India's big cities and are opening specialised bank accounts at home for roubles-to-rupees transactions, with blessing of the two govts

Oil eases after surging previously on Russia's sanctions on EU companies

On Wednesday Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after Russia invaded Ukraine in February

Toyota plans to make EV parts in India for domestic, export markets

The move follows the company's recent announcement that it will invest 48 bn rupees ($621 mn) in India to localise the supply chain for EVs, and is also part of its broader 2050 carbon-neutrality goal

Russian importers seek deals with smaller Indian firms to avoid sanctions

Private sector players in Russia have met with potential suppliers in India's big cities and are opening specialised bank accounts at home for roubles-to-rupees transactions

Tesla's China sales dive 98% as coronavirus lockdowns take a toll

Tesla's production in the country also slid 81 per cent to 10,757 vehicles in April, compared with 55,462 in March