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Tuesday, October 1, 2024
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Marketmind: CPI catches the eye, crypto crumbles

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. All eyes are turning to the latest U.S. inflation figures, but all tongues are wagging about the crash in

Oil prices plunge 3% on U.S. inventory build, China COVID worries

By Laila Kearney NEW YORK (Reuters) - Oil prices sank by roughly $3 a barrel on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound

World stocks slip, await CPI, U.S. midterms outcome

By Herbert Lash NEW YORK (Reuters) - World stocks slid below recent seven-week highs and the dollar rose on Wednesday as investors awaited both the results of the U.S. mid-term elections and key data

Dollar higher as investors look past U.S. midterms to inflation data

By Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar advanced against most major currencies on Wednesday, as results so far for the U.S. midterm elections showed little evidence of a "red wave"

Gold ticks lower on dollar strength before U.S. inflation data

By Seher Dareen (Reuters) - Gold dipped on Wednesday, as an uptick in the dollar nudged prices off an over one-month high, while investors awaited the release of key U.S. inflation data. Spot gold

Oil prices fall 2.5% on U.S. inventory build, China COVID worries

By Laila Kearney NEW YORK (Reuters) -Oil prices sank by more than $2 a barrel on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound

World stocks slip as markets await U.S. midterms outcome

By Herbert Lash NEW YORK (Reuters) - World stocks slid below recent seven-week highs and the dollar rose on Wednesday as investors awaited both the results of the U.S. midterm elections and key data

Oil prices fall more than 2% on U.S. inventory build, China COVID worries

By Laila Kearney NEW YORK (Reuters) -Oil prices dropped by about $2 a barrel on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound

Dollar edges higher as investors look past U.S. midterms to inflation data

By Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar advanced against several major currencies on Wednesday, as results so far for the midterm elections showed little evidence of a "red wave"

Indian government investment vehicle to sell 1.55% stake in Axis Bank, making complete exit

The Specified Undertaking of the Unit Trust of India will sell 46.5 million shares, with the floor price being 830.63 rupees per share.

On Camera

Tirupati controversy shows temples can’t run as public sector units. They must be privatised

A private temple could make crores by selling better laddus and investing in goshalas and captive production units to control quality.

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?