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Tuesday, October 1, 2024
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Stocks rally as Fed rate hopes dent dollar

By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) - Global stocks rose on Friday for a second day on hopes that signs U.S. inflation is cooling means less aggressive interest rate hikes from the

Dollar extends slide after inflation data knock

By Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar fell across the board for a second straight day on Friday, as investors favoured riskier currencies following a cooler-than-expected U.S. inflation

Gold set for best week in over 2 years on Fed slowdown hopes

By Brijesh Patel (Reuters) - Gold prices rose to a near three-month high on Friday and were heading for their best week since July 2020 as signs of cooling U.S. inflation bolstered bets that the

British officials likely to visit India next month for FTA talks – sources

By Shivangi Acharya NEW DELHI (Reuters) - British officials are likely to visit India in December with the aim of concluding talks on a free trade agreement (FTA) between the two countries in about

Dollar set for biggest two-day fall since 2009 as rate outlook shifts

By Amanda Cooper LONDON (Reuters) -The dollar headed for its biggest two-day drop in almost 14 years on Friday, as investors piled into riskier assets after a cooler reading of U.S. inflation helped

Gold heads for best week in over 2 years on smaller rate hike hopes

By Arundhati Sarkar (Reuters) - Gold prices were headed for their best week in more than two years after extending gains on Friday as signs of cooling inflation raised hopes that the Federal Reserve

Wall St heads higher as Fed rate hopes dent dollar

By Huw Jones LONDON (Reuters) - Global stocks rose on Friday for a second day on hopes that peaking U.S. inflation means less aggressive rate hikes from the Federal Reserve, leaving the dollar facing

Dollar heads for biggest two-day fall since 2009 as rate outlook shifts

By Amanda Cooper LONDON (Reuters) -The dollar headed for its biggest two-day drop in almost 14 years on Friday, as investors piled into riskier assets after a cooler reading of U.S. inflation helped

Oil jumps by 3% as China eases COVID curbs

By Ahmad Ghaddar LONDON (Reuters) -Oil prices jumped by about 3% on Friday after health authorities in China, the top global crude importer, eased some of the country's heavy COVID curbs. Brent crude

Indian petrochemical demand could rise threefold by 2040- IOC exec

By Mohi Narayan NEW DELHI (Reuters) - India's annual petrochemical consumption could nearly triple to 80 million tonnes by 2040 forcing the country to either raise imports or invest into building new

On Camera

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Indian envoy in Oman dons Army combat print for photo ops, sparks controversy

Ambassador Amit Narang wore combat uniform at closing ceremony of India-Oman joint military exercise. Only serving personnel can wear service uniforms, say veterans.

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?