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Monday, September 30, 2024
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Stocks gain as investor optimism over China COVID dents dollar

By Amanda Cooper LONDON (Reuters) -Global stocks rose on Monday, despite Beijing's denial that it would consider easing its zero COVID-19 policy, which diverted investor flows away from the dollar

Oil slips but holds near $100 a barrel as dollar weakens

By Rowena Edwards LONDON (Reuters) -Oil prices edged lower on Monday on demand concerns linked to China's stringent COVID containment policy but remained close to $100 a barrel on support from a

Facebook parent Meta is preparing large-scale layoffs this week – WSJ

(Reuters) - Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the

Stocks rally, dollar dips as investors cling to China COVID optimism

By Amanda Cooper LONDON (Reuters) -Global stocks rose on Monday, even though Beijing denied it would consider easing its zero COVID-19 policy, which stemmed safe-haven flows into the dollar ahead of

India’s IndiGo grounds 30 aircraft due to supply disruptions

BENGALURU (Reuters) - Interglobe Aviation Ltd, the operator of India's top airline IndiGo, said on Monday it has grounded around 30 aircraft due to global supply chain disruptions. (Reporting by

Oil stable below $100/bbl as market balances Chinese data

By Rowena Edwards LONDON (Reuters) -Oil prices were stable on Monday, hovering close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns

Dollar sinks, sterling jumps as market turns to risk assets

By Joice Alves and Rae Wee LONDON/SINGAPORE (Reuters) - The U.S. dollar sank on Monday against the euro and sterling supported by a risk on sentiment and a rally in the European stocks market. A

Stocks bounce and dollar falls, investors cling to China COVID optimism

By Amanda Cooper LONDON (Reuters) -Global stocks edged higher in volatile trade on Monday, even though Beijing denied it would consider easing its zero COVID-19 policy, which stemmed safe-haven flows

Gold prices consolidate with focus on U.S. inflation data

By Arundhati Sarkar (Reuters) - Gold prices eased on Monday as some investors locked in profits after a sharp rise in the previous session, while markets awaited this week's U.S. inflation data to get

Oil falls on fading demand hopes as China sticks to strict COVID plan

By Florence Tan and Mohi Narayan SINGAPORE (Reuters) -Oil prices fell more than $1 a barrel on Monday after Chinese health officials on the weekend reiterated their commitment to a stringent COVID

On Camera

PM Modi is rescuer of India’s stolen heritage. He’s reclaiming country’s past, lost identity

India’s rich cultural heritage is a vital component of its national identity. The ongoing efforts toward repatriation and global cooperation signify hope for the future.

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.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

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?