scorecardresearch
Wednesday, October 9, 2024
HomeBusiness

Business

U.S. dollar advances vs major currencies as risk appetite fades

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The dollar rose against major currencies on Wednesday in choppy trading, gaining safe-haven bids as risk appetite worsened with stocks on the defensive

Oil eases 1% as U.S. recession worries offset China recovery hopes

By Scott DiSavino NEW YORK (Reuters) - Oil prices fell about 1% on Wednesday, surrendering early gains as worries about a possible U.S. recession outweighed optimism that China's lifting of COVID-19

Gold nudges lower as Fed members bat for higher interest rates

By Seher Dareen (Reuters) - Gold prices turned negative on Wednesday, erasing gains made on weak U.S. economic data yet staying above the $1,900 level, as key members of the Federal Reserve signaled

Oil steadies as U.S. recession worries offset China recovery hopes

By Scott DiSavino NEW YORK (Reuters) -Oil prices were little changed on Wednesday after giving up earlier gains as the market balanced worries about a possible U.S. recession versus optimism that the

Oil prices up 1% to near 7-week high on China recovery hopes

By Scott DiSavino NEW YORK (Reuters) - Oil prices rose about 1% on Wednesday to their highest since early December on a drop in the U.S. dollar and optimism that the lifting of China's strict COVID-19

Sequoia-backed GoMechanic to lay off 70% of staff, launch audit

(Reuters) - India's GoMechanic, a car service and repair firm, will lay off 70% of its workforce and conduct a third-party audit of its business due to errors in its financial reporting, the company's

Treasury yields, dollar fall after U.S. data; yen flat in wake of BOJ

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. 10-year Treasury yields slipped to a four-month low and the U.S. dollar index declined on Wednesday as data showed U.S. retail sales fell more than

U.S. dollar tumbles after weak data; yen flat as BOJ impact fades

By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) - The dollar dropped across the board on Wednesday after a batch of weak data that suggested the world's largest economy is

Oil prices gain around 2% on China recovery hopes

By Rowena Edwards and Julia Payne LONDON (Reuters) - Oil prices rose on Wednesday to their highest since early December on optimism that the lifting of China's strict COVID-19 curbs will lead to a

Gold rises as dollar, yields slip on slower rate-hike prospects

By Seher Dareen (Reuters) - Gold prices rose on Wednesday as the dollar and bond yields weakened after data showing signs of cooling U.S. inflation cemented bets the Federal Reserve will slow its rate

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%.

US approves sale of lightweight torpedoes to arm Indian Navy’s Romeos

India had requested to buy 53 MK 54 MOD 0 Lightweight Torpedo all up rounds, says Defense Security Cooperation Agency. A large part of it will be bought directly from US Navy stock.

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?