scorecardresearch
Sunday, September 29, 2024
HomeBusiness

Business

Yuan jumps, dollar pauses, sterling claws back some ground

By Rae Wee SINGAPORE (Reuters) - The yuan surged on Friday on speculation that China will relax its strict anti-COVID measures, while the U.S. dollar paused in its heady ascent while staying set for

Stocks in Asia rise on China reopening hopes

By Ankur Banerjee SINGAPORE (Reuters) - Asian equities surged on Friday and were set for their first weekly gain in a month, as renewed hopes that China will relax its strict COVID measures spurred a

Gold claws back momentum as dollar takes breather

By Ashitha Shivaprasad (Reuters) - Gold prices regained some ground on Friday as a slight pullback in the dollar helped alleviate some pressure from the U.S. Federal Reserve's hawkish policy narrative

Oil climbs as dollar slips, but demand fears keep a lid on gains

By Sonali Paul MELBOURNE (Reuters) -Oil prices turned higher on Friday as the dollar eased, but gains were capped by recession fears and fresh concerns that COVID outbreaks will dent fuel demand in

Dollar eyes weekly gain; sterling wobbles on lower rate bets, bleak outlook

By Rae Wee SINGAPORE (Reuters) - The dollar looked set to post its best week in over a month on Friday on expectations that U.S. rates could peak higher, while sterling was on the ropes as investors

Gold prices set for second weekly fall on hawkish Fed stance

By Ashitha Shivaprasad (Reuters) -Gold prices edged higher on Friday after the dollar took a breather, although bullion was headed for a second straight weekly drop as the U.S. Federal Reserve's

China leads Asia stocks higher, dollar advances as rate hikes loom

By Ankur Banerjee SINGAPORE (Reuters) - Asian equities rose on Friday, boosted by Hong Kong and China stocks, while the dollar was set for its best week in more than a month as investors priced in the

Indian shares may edge higher at open, tracking Asia

BENGALURU (Reuters) - Indian shares are expected open higher on Friday, taking cues from strength in other Asian equities, with investors awaiting domestic earnings reports for cues on corporate

Dollar ascendant; sterling slumps on lower rate expectations, bleak outlook

By Rae Wee SINGAPORE (Reuters) - The dollar looked set to post its best week in over a month on Friday on expectations that U.S. rates could peak higher, while sterling was on the ropes as investors

Gold heads for weekly loss on hawkish Fed stance

(Reuters) - Gold prices were little changed on Friday, but the metal was headed for a second straight weekly drop as a stronger dollar and U.S. Federal Reserve's hawkish policy stance clouded outlook

On Camera

Drop that cigarette. Smokers are twice as likely to develop skin cancer compared to non-smokers

A noticeable effect of smoking is premature aging. Studies indicate that the skin biopsy of a 40-year-old heavy smoker can resemble that of a 70-year-old non-smoker.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

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?