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Oil prices rise more than $1 per barrel on Chinese demand hopes

By Shariq Khan BENGALURU (Reuters) - Oil prices rose by more than a dollar per barrel on Thursday, resuming a recent rally built around rising Chinese demand, while the market wrote off a second

Stocks fall, dollar weaker vs yen; recession worries mount

By Caroline Valetkevitch NEW YORK (Reuters) -World stocks fell on Thursday as global recession worries mounted with U.S. Federal Reserve officials maintaining a hawkish stance, while the dollar

U.S. dollar dips vs major peers after mixed data; yen rises

By Gertrude Chavez-Dreyfuss and Harry Robertson NEW YORK/LONDON (Reuters) - The dollar slid on Thursday against major currencies in choppy trading as a slew of data continued to show that the U.S.

ArcelorMittal-Nippon venture wins approval for $4.7 billion Indian steel plant

NEW DELHI (Reuters) - India's eastern state of Odisha on Thursday approved ArcelorMittal Nippon Steel India's $4.68 billion steel plant project, a government statement said. The plant, to be built by

India cenbank bought net $4.36 billion in spot forex market in November – bulletin

MUMBAI (Reuters) - The Reserve Bank of India (RBI) bought a net of $4.36 billion in the spot foreign exchange market in November, data released on Thursday as part of the central bank's monthly

India’s Sun Pharma to acquire Concert for $8 per share

(Reuters) - Sun Pharmaceutical Industries Limited said on Thursday it will acquire U.S.-based Concert Pharmaceuticals through a tender offer for an upfront payment of $8 per share in cash. (Reporting

India cenbank to guide inflation towards 4% target by 2024 – bulletin

By Swati Bhat MUMBAI (Reuters) - The Reserve Bank of India's 2023 monetary policy objective is to hold inflation within the mandated tolerance band and guide it towards the medium-term target of 4% by

No issue with crypto in India if laws are followed – minister

NEW DELHI (Reuters) - India's junior IT minister on Thursday said there was no issue with cryptocurrencies in India if all laws are followed. "There is nothing today that outlaws crypto as long as you

Dollar slips after weak data while yen ticks up

By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) - The dollar slipped on Thursday after a raft of data showed the U.S. economy is losing momentum, while the yen rebounded as traders continued

Recession angst triggers worst day of year for European stocks

By Marc Jones and Tom Westbrook LONDON/SINGAPORE (Reuters) - Stocks and oil prices dipped on Thursday after weak U.S. consumer data rekindled global recession worries, while Japan's yen reared up

On Camera

Read the Kashmir verdict. It’s time to stop treating it like a national security crisis

Election after election has seen Kashmir’s people demonstrate that, like other Indians, they seek a future shaped by democratic rights and norms

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?