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Oil prices fall 4% on mounting worry about global economy

By Laila Kearney NEW YORK (Reuters) -Oil fell by more than $3 a barrel on Wednesday after slumping in the previous session, weighed down by demand concerns stemming from the state of the global

Gold rises to mid-June highs as markets look to Fed minutes

By Seher Dareen (Reuters) - Gold prices extended gains on Wednesday to touch their highest levels since mid-June, helped by a pull-back in the dollar and yields as markets awaited the release of

Dollar dips before Fed minutes, Aussie jumps on China coal imports

By Karen Brettell NEW YORK (Reuters) - The U.S dollar dipped on Wednesday before the Federal Reserve will release minutes from its December meeting, while the Aussie outperformed on reports that China

Stocks, bonds extend rally on hopes rate hikes ease

By Lawrence White LONDON/NEW YORK (Reuters) - Shares rose and bonds rallied worldwide on Wednesday as investors tiptoed into the new year with tentative optimism after a brutal 2022, looking to

Oil falls further as concerns grow over global economy, China’s COVID cases

By Ahmad Ghaddar LONDON (Reuters) -Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China's

Dollar falls as Europe’s inflation cools and China lifts the Aussie

By Amanda Cooper LONDON (Reuters) -The dollar fell on Wednesday, losing out to commodities currencies like the Australian dollar and against the euro, which got a lift from a raft of data that

India’s Mahindra lending arm says RBI lifts curbs on loan recovery via third parties

BENGALURU (Reuters) - Mahindra and Mahindra Financial Services said on Wednesday the Reserve Bank of India lifted curbs placed on the company last year that had prevented it from using third-party

India’s Marico says Q3 rev growth slowed on muted rural demand

BENGALURU (Reuters) - Indian consumer products maker Marico Ltd said on Wednesday that its revenue growth slowed in the third quarter, and hit its operating profit, due to a muted recovery in rural

Gold trades near 7-month peak on hopes for smaller Fed rate hikes

By Arundhati Sarkar (Reuters) - Gold prices extended their New Year rally to jump more than 1% and hit their highest since mid-June on Wednesday, helped by a weaker dollar and growing expectations of

India sticks to demand for increased share in Vedanta oil block

NEW DELHI (Reuters) - The Indian government will stick to its demand for a 10% increase in its share of the revenues from Indian conglomerate Vedanta's (VDAN.NS) Barmer oil and gas block, a top

On Camera

Why Modi-Shah have failed to develop mass leaders in states the way Vajpayee-Advani did

BJP had leaders like Modi, Chouhan, Raje, Raman Singh, BSY, and Dhumal who kept the party’s flame burning. Those promoted by Modi-Shah in the last 10 years fail to inspire confidence.

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?