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Thursday, October 10, 2024
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Exclusive-Blackstone in talks with Bain to sell $480 million stake in top Indian REIT-sources

By Sriram Mani MUMBAI (Reuters) - Blackstone is in talks to sell around half of its stake in India's largest real estate investment trust Embassy Office Parks to private equity firm Bain Capital, two

Oil mixed as investors weigh China demand and U.S. outlook

By Mohi Narayan (Reuters) -Crude oil prices edged higher in Asian trade on Tuesday amid hopes of a fuel demand recovery from top importer China, although concerns about a slowdown in the U.S. economy

Dollar in doldrums as euro near 9-month peak, yen bounces

By Kevin Buckland TOKYO (Reuters) - The dollar was on the back foot on Tuesday, hovering near a nine-month low to the euro and giving back recent gains against the yen, as traders continued to gauge

Oil rises slightly; focus on China demand and U.S. outlook

By Laura Sanicola (Reuters) - Crude oil prices rose slightly in early Asian trade on Tuesday in a market focused on prospects of demand recovery from top importer China and on the global economic

Stocks, euro gain as Fed, ECB rate hike outlooks diverge

By Herbert Lash NEW YORK (Reuters) -Global equity markets surged on Monday as easing recession fears and hopes of a less aggressive Federal Reserve buoyed sentiment, while the likelihood of more jumbo

Oil settles mixed after hitting 7-week high on strong China outlook

By Stephanie Kelly NEW YORK (Reuters) -Oil prices settled mixed on Monday, retreating as investors cashed in on a jump to a seven-week high on optimism about a possible recovery in demand of top oil

Dollar edges lower vs euro on ECB rate hike bets

By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) - The dollar slipped against the euro on Monday, at one point hitting a fresh 9-month low, as the common currency found support from European

Gold prices tick up as U.S. dollar inches lower

By Seher Dareen (Reuters) - Gold prices reversed course to edge up on Monday as the dollar pared gains, while investors looked ahead to more U.S. economic data amid expectations of a slower pace of

Gold prices retreat as U.S. dollar, bond yields tick higher

By Seher Dareen (Reuters) - Gold prices fell on Monday due to an uptick in the dollar and bond yields, while investors looked ahead to more U.S. economic data amid expectations of a slower pace of

Stocks, euro gain amid divergent Fed, ECB rate hike outlooks

By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) - Global equity markets edged higher on Monday as hopes of a less aggressive Federal Reserve buoyed investor sentiment, while the euro

On Camera

Ratan Tata mettle revealed in 1980s’ PepsiCo battle. Shook up fuddy-duddy business practices

Ratan Tata’s political naiveté and his complete inability to engage in the ‘deal-fixing’ culture of Indian businesses made him a great ally during the PepsiCo battle of the 1980s.

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?