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Gold eyes best week since March on hopes of less aggressive Fed

By Ashitha Shivaprasad (Reuters) -Gold prices eased on Friday, but were set for their biggest weekly gain in more than eight months, as U.S. data pointing to slowing inflation boosted hopes that the

Asia stocks surge as cooling inflation feeds hopes Fed will ease up

By Ankur Banerjee SINGAPORE (Reuters) - Asian shares spiked higher on Friday, while the dollar nursed steep losses after a smaller-than-expected increase in U.S. consumer prices fuelled hopes that the

Oil crawls higher on U.S. hopes, but COVID rise in China caps gains

MELBOURNE (Reuters) - Oil prices rose on Friday as fears of a U.S. recession eased but were on track for weekly declines of more than 4% after a jump in COVID-19 cases in top oil importer China raised

Gold inches lower; set for weekly gain on hopes of less aggressive Fed

(Reuters) - Gold prices inched lower on Friday but were headed for a weekly gain as data pointed at signs of slowing inflation, lifting hopes that the U.S. Federal Reserve would scale back on

Dollar dives as investors cheer after U.S. inflation misses forecasts

By Rae Wee SINGAPORE (Reuters) - The dollar languished on Friday after U.S. inflation data came in cooler than expected, raising market hopes that inflation may have peaked and that the Federal

Exclusive-Glencore, Chad creditors agree in principle on terms of debt treatment – source

By Andrea Shalal WASHINGTON (Reuters) - Switzerland-based Glencore, China and Chad's other creditors have reached an agreement in principle on a debt treatment plan for the African country that should

Marketmind: Cooling, and melting down

(Reuters) - A look at the day ahead in Asian markets from Lewis Krauskopf The inflation datapoint investors have been itching for finally arrived and set off a feverish risk-on rally in markets. But

Wall St ends sharply higher as cooling inflation fuels hope of easing Fed

By Stephen Culp NEW YORK (Reuters) - U.S. stocks jumped, the dollar tanked and Treasury yields tumbled on Thursday as cooler-than-expected inflation data suggested the Federal Reserve's barrage of

US CPI data leads to dollar’s biggest fall since 2009, fed may slow interest rate hikes

Equity markets soared, with Nasdaq surging more than 6%. But Cleveland Fed President Loretta Mester said that main risk to inflation is the central bank not hiking rates enough.

Oil prices settle 1% higher on tepid U.S. inflation data

By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% higher on Thursday, ending lower for the first time this week, as tamer-than-expected U.S. inflation data offset worries that renewed COVID-19

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?