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Gold retreats as traders lock in profits before U.S. data

By Ashitha Shivaprasad (Reuters) - Gold fell on Wednesday, retreating further from last session's near nine-month peak, as some investors locked in profits and the dollar steadied ahead of U.S.

Oil rises on China demand recovery hopes, likely unchanged OPEC+ output policy

By Yuka Obayashi and Muyu Xu TOKYO/SINGAPORE (Reuters) -Crude oil edged up on Wednesday as optimism for demand recovery in China and a likely unchanged output cut decision by major oil producers

Gold holds tight range ahead of U.S. economic data

By Ashitha Shivaprasad (Reuters) - Gold prices traded in a tight range on Wednesday as investors stayed away from taking big bets ahead of U.S. economic growth data this week, while expectations of

Asian stocks rise to 7-month highs, hot inflation boosts Australian dollar

By Anshuman Daga SINGAPORE (Reuters) - Asian equities extended their winning run to scale their highest levels in seven months on Wednesday, with South Korean stocks leading the way, and the

Oil rebounds as China demand recovery optimism supports prices

By Yuka Obayashi TOKYO (Reuters) - Crude oil prices rebounded on Wednesday as demand recovery hopes in top importer China following its exit from COVID-19 pandemic curbs provided support after prices

Aussie jumps, kiwi slumps after inflation data

By Rae Wee SINGAPORE (Reuters) - The Australian dollar jumped to a more than five-month high on Wednesday after inflation data came in hotter than expected, while the kiwi slipped after New Zealand's

Oil falls $2/barrel on economic jitters, U.S. crude stock build

By Arathy Somasekhar HOUSTON (Reuters) - Crude oil prices slipped on Tuesday on concerns about a global economic slowdown and as preliminary data indicated a bigger than expected build in U.S. oil

Norway sovereign wealth fund excludes AviChina, Bharat Electronics

OSLO (Reuters) - Norway's sovereign wealth fund, the world's largest, said on Tuesday it has excluded China's AviChina and India's Bharat Electronics from its portfolio. The two were excluded due to "

Stocks, dollar mostly flat on soft data, corporate outlooks

By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) - U.S. stock indexes were little changed, as was the dollar, on Tuesday after companies posted some profit beats but also warned of a tough year

Dollar slips as upbeat euro zone business activity data lifts euro

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged lower against the euro on Tuesday after data showed euro zone business activity made a surprise return to modest growth in January, while U.S.

On Camera

Ratan Tata’s least acknowledged and biggest contribution was to Assam

Ratan Tata took TISS to Assam, saved a sinking Tata Tea out of concern for workers, and brought Northeastern people at the forefront of India’s hospitality industry.

RBI’s policy-setting body keeps rates unchanged for 10th straight time, changes stance to ‘neutral’

Change in stance signals possibility of rate cuts, potentially as early as December, depending on inflation trends & global economy. Growth projection for FY 2024-25 retained at 7.2%.

Amid concerns about use of Chinese parts in drones, Army general urges industry to be transparent

Maj Gen CS Mann, ADG, Army Design Bureau, cites national security concerns. This comes after intelligence agencies flagged use of Chinese components in drones purchased by armed forces.

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?