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Wednesday, October 9, 2024
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Stocks and oil slide on rekindled recession worries

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

Dollar slips after weak data while yen rebounds

By Rae Wee and Harry Robertson SINGAPORE/LONDON (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

Dollar climbs on safe haven bids; yen regains footing as speculators take charge

By Rae Wee SINGAPORE (Reuters) - The dollar rose broadly on Thursday as growth concerns about the U.S. economy drove demand for the safe-haven greenback, while the yen rebounded as speculators doubled

Bank of Maharashtra to issue 3-month CD – traders

MUMBAI (Reuters) - India's Bank of Maharashtra plans to raise funds through certificates of deposit maturing in three months, three merchant bankers said on Thursday. The state-run lender will offer a

Recessions risks knock stocks, speculators drawn back to yen

By Tom Westbrook SINGAPORE (Reuters) - Asian stock markets struggled to make headway on Thursday, after weak U.S. consumer data stoked recession worries and nudged investors toward safe assets such as

China’s semiconductor chips are down thanks to US pressure, and Modi govt is ‘seizing the moment’

Modi government is trying to pitch India as a favourable location for chip manufacturing companies at a time when US restrictions are hobbling China’s semiconductor ambitions.

Dollar rises on safe haven bids; yen regains footing

By Rae Wee SINGAPORE (Reuters) - The dollar rose broadly on Thursday as growth concerns about the U.S. economy drove demand for the safe-haven greenback, while the yen renewed its ascent as investors

Clean fuels, road safety, EVs…but also snazzy cars: Auto Expo wraps up with ‘highest ever turnout’

This year's Auto Expo saw turnout of over 6.63 lakh despite it being a less star-studded affair than usual. Missing in action were the 3 luxury car makers, Mercedes Benz, BMW, and Audi.

Treasury yields fall after U.S. data, stocks decline

By Caroline Valetkevitch NEW YORK (Reuters) - U.S. 10-year Treasury yields fell to a four-month low on Wednesday as data showed U.S. retail sales declined more than expected in December, while the yen

India govt switches bonds with cenbank in a cash-neutral deal

MUMBAI (Reuters) - The Indian government bought back bonds maturing in 2024 from the Reserve Bank of India on Tuesday, while also issuing bonds maturing in 2032 worth a similar quantum, the central

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?