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Gold slides as robust US data drives hawkish Fed bets

By Deep Kaushik Vakil (Reuters) - Gold extended declines on Thursday after more strong economic readings from the U.S. further soured bets that the Federal Reserve may ease up on interest rates hikes,

US dollar advances to seven-week peak after data, debt ceiling hopes

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The dollar rose to fresh seven-week peaks on Thursday after another round of solid economic data further pared back bets on easing by the Federal

Oil prices dip with all eyes on US debt talks

By Shadia Nasralla LONDON (Reuters) -Oil prices dipped on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on

US dollar gains after solid batch of economic data

NEW YORK (Reuters) - The dollar rose on Thursday after another round of solid data, which showed lower than expected U.S. initial jobless claims in the latest week and a milder-than-expected fall in a

Wall Street set to open higher, European shares boosted by debt deal hopes

By Elizabeth Howcroft LONDON (Reuters) - European shares rose on Thursday and Wall Street was set to open higher, as traders bet that politicians in the United States would reach a deal to avoid a

Oil prices broadly stable as all eyes on US debt talks

By Shadia Nasralla LONDON (Reuters) -Oil prices were broadly stable on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous

Debt ceiling hopes lift dollar to seven-week peak

By Samuel Indyk LONDON (Reuters) - The U.S. dollar hit a seven-week peak on Thursday after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a damaging

India’s PNB Housing Finance reports 65% jump in Q4 profit on strong demand

BENGALURU (Reuters) - Indian mortgage lender PNB Housing Finance Ltd on Thursday reported an almost 65% jump in its fourth-quarter profit, led by increased demand for housing loans. PNB Housing, a

Indian shares drop as SBI, ITC add to profit-booking pressure

By Bharath Rajeswaran BENGALURU (Reuters) - Indian shares reversed course to finish lower on Thursday, as declines in the stocks of State Bank of India Ltd and ITC Ltd added to the pressure of

Indian carrier IndiGo posts second straight quarterly profit on strong demand

BENGALURU (Reuters) -Interglobe Aviation Ltd, the operator of India's top airline, IndiGo, reported a second consecutive quarterly profit on Thursday, as strong demand for air travel more than offset

On Camera

What’s Xi Jinping doing in Europe? His goal is more strategic than economic

India should aim to get European investments that are clearly no longer going to China. That is where the dots of its efforts to save Asia from China’s dominance converge at its most basic.

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.

Vice Admiral Sanjay Bhalla takes charge as Chief of Personnel of the Indian Navy

His tenure as Chief of Personnel will be marked by a number of important appointments, both afloat and ashore.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.