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Dollar stems losses as investors eye U.S. midterms

By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) - The dollar steadied on Tuesday as traders looked ahead to U.S. midterm elections, and as excitement dimmed around China relaxing coronavirus

India’s Godrej Consumer profit misses view on weak Indonesia sales

BENGALURU (Reuters) - India's Godrej Consumer Products on Tuesday reported a sharper-than-expected drop in second quarter profit, as expenses climbed, while Indonesia sales continued to decline.

Oil prices dip on China demand worries

By Isabel Kua SINGAPORE (Reuters) -Oil prices slipped on Tuesday as recession concerns and worsening COVID-19 outbreaks in China sparked fears of lower fuel demand, outweighing supply worries. Brent

India’s Dr. Lal PathLabs Q2 profit slumps on falling COVID income, higher expenses

BENGALURU (Reuters) - Indian medical diagnostics firm Dr. Lal PathLabs Ltd on Tuesday reported a 24.5% drop in September quarter profit as a sustained decline in revenue and volume from its COVID-19

European stocks mixed as China optimism fades, focus on U.S. mid-terms

By Elizabeth Howcroft LONDON (Reuters) - European stocks struggled to make gains on Tuesday and the dollar picked up as traders pulled back on hopes that China could ease its zero-COVID policy and

Dollar stems losses ahead of U.S. midterms

By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) - The dollar steadied on Tuesday as some of the momentum ebbed out of bets on China's reopening that had been weighing on the safe haven

Gold dips as dollar gains, investors await inflation data

By Arundhati Sarkar (Reuters) - Gold prices slipped on Tuesday as the dollar regained some ground, while investors braced for the U.S. inflation data later this week that could determine the Federal

Oil prices slide as China demand, recession concerns outweigh supply woes

By Isabel Kua SINGAPORE (Reuters) -Oil prices fell on Tuesday as recession concerns and worsening COVID-19 outbreaks in China sparked fears of lower fuel demand, outweighing supply worries. Brent

Gold slips as dollar firms with focus on U.S. inflation data

By Ashitha Shivaprasad (Reuters) - Gold prices inched lower on Tuesday, pressured by an uptick in the dollar, and as traders looked ahead to key U.S. inflation figures this week that could influence

Asian stocks mixed as caution reigns ahead of U.S. midterms

By Kane Wu HONG KONG (Reuters) - Asian shares held recent gains but lost momentum on Tuesday as investors remained cautious ahead of the release of the U.S. inflation data and mid-term elections,

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.

Air Marshal A.P. Singh takes over as IAF chief, task cut out

Air Chief Marshal Singh took over from incumbent V.R. Chaudhari Monday afternoon. His top priority will be strengthening the fighting capability of the IAF, it is learnt.

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?