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Aussie slides after RBA pauses rate hikes, dollar rebounds

By Rae Wee SINGAPORE (Reuters) - The Australian dollar slipped on Tuesday after the Reserve Bank of Australia (RBA) held interest rates steady, while the U.S. dollar regained some of the ground lost

Asia stocks wobble as OPEC+ output cuts, weak US data raise uncertainty

By Julie Zhu HONG KONG (Reuters) - Asian stocks dithered on Tuesday as investors grappled with inflation concerns in the wake of the surprise cuts to the OPEC+ group's oil output targets, while

Dollar slides on sluggish US data, Aussie steadies ahead of RBA

By Rae Wee SINGAPORE (Reuters) - The dollar wobbled on Tuesday after a slump in U.S. manufacturing activity last month pointed to further signs of a slowing economy and trumped renewed inflation

China’s reopening brightens developing Asia’s 2023 growth outlook, says Asian Development Bank

Developing Asia is forecast to grow 4.8% in 2023, the ADB said in its Asian Development Outlook report, more than its previous estimate of 4.6% in December.

Brent crude jumps $5/bbl after output cuts; stocks rise

By Caroline Valetkevitch NEW YORK (Reuters) - Brent crude oil climbed $5 a barrel on Monday after Saudi Arabia and other OPEC+ producers announced new production cuts, and gains in energy shares

Dollar skids after soft U.S. economic data; impact of OPEC+ cuts fades

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The dollar stumbled on Monday, surrendering earlier gains following unexpected oil output cuts from OPEC+, as data showed the U.S. economy continued to

Oil leaps 6% as OPEC+ shocks markets by cutting output target

By Shariq Khan BENGALURU (Reuters) - Oil benchmarks jumped 6% on Monday, the day after the OPEC+ group jolted markets with plans to cut more production, raising fears of tightening supplies while some

Oil leaps $5/bbl OPEC+ surprises markets by cutting output target

By Shariq Khan BENGALURU (Reuters) - Oil prices jumped by more than 6% on Monday, headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more production. Brent

Oil leaps $4/bbl OPEC+ surprises markets by cutting output target

By Shariq Khan BENGALURU (Reuters) - Oil prices jumped by more than $4 a barrel on Monday, headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more

Oil prices up sharply after output cuts; stocks mixed

By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices were up sharply on Monday after Saudi Arabia and other OPEC+ producers announced unexpected production cuts, and gains in energy shares helped

On Camera

Gaza, Ukraine being fought on techno-battlefields. Indian military is 3 decades behind

My assessment is that the Indian armed forces are adopting emerging technologies for incremental change and not transformation—which is the need of the hour.

India’s manufacturing workers saw prices rise faster than incomes even as their productivity fell

Latest Annual Survey of Industries 2022-23 shows large segments of India’s manufacturing workforce are employed in low-productivity work, value added per worker has contracted.

‘No drone bombs or infiltration’, Army Chief says ‘battle of narratives’ must be controlled in Manipur

Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?