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Dollar drops as optimism spreads before Fed and BoE decisions

By Kevin Buckland and Harry Robertson TOKYO/LONDON (Reuters) - The U.S. dollar sank from a one-week high against a basket of major peers on Tuesday as the mood in financial markets brightened ahead of

Indian state-run telcos MTNL, BSNL line up $2.34 billion debt sales

By Bhakti Tambe and Dharamraj Dhutia MUMBAI (Reuters) - Indian corporate bond market participants are braced for a heavy supply of government-guaranteed bonds over the next few weeks, as state-run

India’s Sun Pharmaceutical Q2 profit rises 11%

BENGALURU (Reuters) - Sun Pharmaceutical Industries Ltd, India's largest drugmaker, on Tuesday reported a 10.5% rise in second quarter profit on higher sales in the domestic market. The company, known

Oil up more than 1% as weaker dollar offsets China COVID-19 concerns

By Isabel Kua SINGAPORE (Reuters) -Oil prices rose more than 1% on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked

India’s monthly indirect tax collection jump hints at economic recovery

NEW DELHI (Reuters) - The Indian government said it collected more than 1.50 trillion rupees ($18.14 billion) through indirect taxes in October, buoyed by festival-related spending and hinting at a

Foreign buyers pass up India’s invite for short-term corp. debt -analysts

By Dharamraj Dhutia MUMBAI (Reuters) - The Indian central bank's window for foreign investors to buy commercial papers and shorter tenor corporate bonds closed without much interest as higher U.S.

Asia stocks advance ahead of Fed rate decision

By Julie Zhu HONG KONG (Reuters) -Asian shares advanced while bond yields eased slightly on Tuesday following mild losses on Wall Street as investors turned their focus to the U.S. Federal Reserve's

Dollar droops amid improved risk mood before Fed; Aussie pares gain after RBA

By Kevin Buckland TOKYO (Reuters) - The U.S. dollar sank from a one-week top against a basket of major peers on Tuesday, as traders weighed the odds of a less aggressive Federal Reserve at Wednesday's

Toyota cuts output target amid chip crunch as profit tumbles 25%

TOKYO (Reuters) -Toyota Motor Corp on Tuesday posted a worse-than-expected 25% drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and a

Toyota posts 25% profit slide, cuts FY output target to 9.2 million

TOKYO (Reuters) - Toyota Motor Corp on Tuesday posted a worse-than-expected 25% drop in quarterly profit, as soaring parts and materials costs outweighed a boost from the sliding yen, and cut its

On Camera

Hassan Nasrallah’s assassination underlines Israel’s military supremacy. Will it win peace?

Israeli Prime Minister Benjamin Netanyahu has no intention of being drawn into another attritional war with Hezbollah. His commanders they are unlikely to win.

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?