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Stocks end down, U.S. yields up as investors assess Fed path

By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks ended lower on Monday in choppy trade and U.S. bond yields rose as investors assessed comments from Federal Reserve officials to try

US orders Air India to pay Rs 986 crore as passenger refunds & Rs 11.36 crore as penalty

The Tata Group-owned airline is among 6 carriers slapped with $7.25 million in penalties and agreed to issue $622 million in passenger refunds by the US Transportation Department.

Dollar rebounds as Fed officials say hikes to continue; yen slumps

By Kevin Buckland TOKYO (Reuters) - The U.S. dollar climbed versus the yen and stayed firm against other major peers on Tuesday as more Federal Reserve officials made the case for even tighter U.S.

Oil prices slip on OPEC cut in demand forecast, China COVID cases

By Florence Tan SINGAPORE (Reuters) - Oil prices extended losses in early Asian trade on Tuesday after OPEC cut its 2022 global demand forecast, while rising COVID-19 case numbers in China clouded the

U.S. dollar regains some ground as investors re-examine Fed bets

(Updates prices, adds commentary, New York dateline) By Sinéad Carew and Joice Alves New York/London (Reuters) - The U.S. dollar rose against the euro and yen on Monday, as investors kept their focus

Gold drops 1% as Fed warning on inflation boosts dollar

By Arundhati Sarkar (Reuters) - Gold fell 1% on Monday pressured by a firmer U.S. dollar, after Federal Reserve Governor Christopher Waller warned markets that the central bank was not softening its

Cummins, Tata Motors team up for hydrogen-powered engines

BENGALURU (Reuters) - U.S.-listed Cummins Inc said on Monday it has signed an agreement with Indian automaker Tata Motors to develop hydrogen-powered internal combustion engines, fuel cells and

Shares and bonds chastened as Fed, ECB urge care

By Lawrence White LONDON (Reuters) - Shares steadied and bond yields remained close to multi-year highs on Monday after U.S. and European central bankers encouraged caution as they battle to curb

India’s SpiceJet quarterly loss widens as fuel costs soar

BENGALURU (Reuters) -India's SpiceJet Ltd on Monday reported a bigger quarterly loss as the embattled low-cost carrier wrestled with a surge in fuel costs and a depreciating rupee. Losses widened to

Russia allows SODECO, ONGC to keep their stakes in Sakhalin-1 project -Ifax

(Reuters) - Russia has allowed India's Oil and Natural Gas Corp and Japan's Sakhalin Oil and Gas Development Co (SODECO) to keep their stakes in the new Russian operator of the Sakhalin-1, Russian

On Camera

You can’t ‘wish away’ China, India must balance economic & security considerations, says Sanjeev Sanyal

Sanyal, an economist & member of the Economic Advisory Council to PM, also suggests that if India is to import parts from China, why not allow Chinese companies to manufacture in India.

Compete, coexist, confront & contest: Army chief General Dwivedi says on dealing with China

Referring to current situation, General Upendra Dwivedi says it is stable but not normal; instead, sensitive. He adds the diplomatic side can only come up with certain options.

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?