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Citi cuts India current account deficit forecast to below 3% of GDP

MUMBAI (Reuters) - Citigroup lowered its projection for India's current account deficit (CAD) to 2.9% of gross domestic product (GDP) for the current fiscal year, citing the growth in the country's

Oil falls again as concerns grow over global economy, China 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

Gold 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

Indian govt portal upgrade may halt new debt issues

MUMBAI (Reuters) - Indian corporate bond issuances may come to a halt in the next two weeks as the government upgrades an online portal used by companies to file regulatory disclosures, merchant

Dollar falls as Europe inflation cools and China lifts the Aussie

By Amanda Cooper LONDON (Reuters) -The dollar fell broadly 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

Asian stocks in 2022 suffer biggest foreign outflows since 2008 global crisis

By Gaurav Dogra (Reuters) - Foreign investors withdrew more money from emerging Asian equities in 2022 than they had done in any year since the global financial crisis in 2008, as rising U.S. interest

Stocks creep higher as inflation data offers hope ahead of Fed

By Ankur Banerjee and Lawrence White SINGAPORE/LONDON (Reuters) - European and Asian shares rose on Wednesday thanks to positive news about inflation and China's strict anti-COVID measures, while the

Oil falls again as worries grow over global economy, China COVID cases

By Arathy Somasekhar and Muyu Xu (Reuters) -Oil edged lower 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 reopening hopes lift risk sentiment ahead of Fed minutes

By Tom Westbrook SINGAPORE (Reuters) - The euro steadied on Wednesday and riskier currencies bounced, lifted by optimism that China's eventual emergence from COVID restrictions helps growth, while

Stocks in Asia gain, dollar sways as Fed minutes take centre stage

By Ankur Banerjee SINGAPORE (Reuters) - Asian equities rose sharply on Wednesday, boosted by Hong Kong shares, while the dollar was on the back foot, with investors keenly awaiting minutes from the

On Camera

Beijing is concerned about anti-China sentiment in India. New Delhi is focused on border

Chinese officials emphasised a desire to rejuvenate bilateral ties. Their advice? Don't make the border dispute the focal point; pursue economic relations with an open mindset.

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?