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Thursday, October 10, 2024
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Euro scales 9-month peak as ECB hawks let fly

By Wayne Cole and Samuel Indyk LONDON (Reuters) - The euro hit a nine-month peak against the dollar on Monday as comments on European interest rates signalling additional jumbo rate rises contrasted

India plans to cut gold import duty to arrest smuggling -sources

By Aftab Ahmed and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) - India plans to slash the import duty on gold because higher taxes have made it more profitable for smugglers, who can offer hefty

Amazon launches air freight service in India

BENGALURU (Reuters) - Amazon.com Inc on Monday launched its own air cargo fleet in India, Amazon Air, as it seeks to expand and speed-up deliveries across one of its key markets. India is the third

Euro clears 9-month peak as ECB hawks let fly

By Wayne Cole SYDNEY (Reuters) - The euro scaled a nine-month high on the dollar on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive

Oil prices retreat in thin trade, but China outlook offers support

By Sonali Paul and Mohi Narayan (Reuters) - Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week's gains on the

Gold edges up on softer dollar, Fed slowdown hopes

By Ashitha Shivaprasad (Reuters) - Gold prices rose on Monday, as a softer dollar and prospects of slower interest rate hikes by the U.S. Federal Reserve boosted bullion's appeal. Spot gold was up

Oil prices fall but remain buoyed by China outlook

By Sonali Paul MELBOURNE (Reuters) - Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week's gains on the prospect of

Euro nears nine-month peak as ECB hawks let fly

By Wayne Cole SYDNEY (Reuters) - The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market

Morocco plans to sell India 1.7 million tonnes of fertilisers in 2023

RABAT (Reuters) - Moroccan phosphates and fertilisers producer OCP said on Sunday it plans to supply India with 1.7 million tonnes of phosphate-based fertilisers in 2023. The supply agreements were

Dollar ends up vs yen, as super easy BOJ policy seems here for a while

By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Profit taking dampened a dollar surge against the yen on Friday, but the buck ended higher and still logged the biggest weekly gain

On Camera

SC judgment pierces the smoke screen on Centre’s ‘right’ to prematurely retire govt staff

Unlike departmental disciplinary proceedings, which ensure that officers have adequate opportunities to defend their cases, no such provisions exist for employees facing premature retirement under FR 56(j).

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%.

Massive in size & capable of heavyweight strikes. Russia’s S-70 Okhotnik is unlike any other drone

No clarity on whether it was shot down intentionally or accidentally.Some reports suggest that it was purposely brought down to prevent Ukrainians getting their hands on the drone.

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?