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Tuesday, October 8, 2024
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Gold prices steady as focus shifts to Powell’s speech

By Ashitha Shivaprasad (Reuters) - Gold prices were steady on Tuesday, with cautious traders largely focusing on Federal Reserve Chair Jerome Powell's speech for insights into the U.S. central bank's

Asia shares dip on hawkish Fed remarks; commods rise on China reopening

By Selena Li HONG KONG (Reuters) - Asian shares fell on Tuesday following hawkish comments from two U.S. Federal Reserve officials overnight with investors turning cautious ahead of key inflation data

Oil steady as clarity on Fed rate hike awaited

By Arathy Somasekhar (Reuters) - Oil prices were little changed on Tuesday, giving up some of the gains from the previous session, as traders awaited clarity on the Federal Reserve's plans for rate

Dollar languishes as Fed rate hike fears recede; China reopening boosts optimism

By Rae Wee SINGAPORE (Reuters) - The U.S. dollar languished near a seven-month low against other major currencies on Tuesday, as investors took heart that the Federal Reserve may be nearing the end of

Global stocks close in on 4-week highs, oil rises on hopes of ‘soft landing’

By David Randall NEW YORK (Reuters) -World stocks rallied on Monday to their highest levels since mid-December after China reopened its borders while benchmark Treasury yields drifted lower as

Oil rises over 1% on demand optimism as China reopens borders

By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 1% on Monday after China's reopened borders boosted the outlook for fuel demand and overshadowed global recession concerns. The rally was

Dollar at 7-month low vs euro on slower Fed rate hike expectations

By John McCrank NEW YORK (Reuters) -The U.S. dollar on Monday slid to a seven-month low against the euro as traders bet recent economic data would prompt the Federal Reserve to slow the pace of

Gold hovers near 8-month peak as dollar slips

By Seher Dareen (Reuters) - Gold prices cooled slightly after hitting an eight-month high on Monday, as a weak dollar's boost was offset by Federal Reserve officials reiterating their aggressive

Oil rises over 1% on demand optimism as China’s borders reopen

By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 1% on Monday after China's move to reopen its borders boosted the outlook for fuel demand and overshadowed global recession concerns. The

Global stocks rally to near 4-week highs, oil rises on hopes of ‘soft landing’

By David Randall NEW YORK (Reuters) - World stocks rallied on Monday to their highest levels since mid-December after China reopened its borders while benchmark Treasury yields drifted lower as

On Camera

India’s diplomacy in the Indo-Pacific has an economic hole. Fill it with trade, investment

Modi govt has made economic diplomacy a key part of its engagement with US, Quad, and others. Yet, India’s economic linkages in Indo-Pacific region remain underdeveloped.

How businesses can become more resilient to the physical impacts of climate change

Extreme weather events have impacted 50% of corporate respondents to a recent survey. This underlines the importance of significant action now to increase climate resilience.

‘Nightmare at Chennai Marina’: 4 dead, 96 hospitalised after pandemonium at packed IAF air show

Lakhs of people were stranded at beach in heat as crowd control measures apparently failed. At least 14 lakh people were in attendance though police had expected around 10 lakh.

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?