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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

Gold drops on hopes for US debt-limit deal, chances of early rate cuts recede

By Kavya Guduru (Reuters) - The price of gold slipped on Thursday as signs that a deal to raise the U.S. debt ceiling could be reached in Washington reduced its safe haven appeal. Fading expectations

Hopes for U.S. debt deal boost European stocks, dollar

By Elizabeth Howcroft LONDON (Reuters) - European shares opened higher on Thursday and the U.S. dollar rose to a seven-week high, as traders bet that politicians in the United States would reach a

Oil prices ease as all eyes on US debt ceiling talks

By Shadia Nasralla LONDON (Reuters) -Oil prices eased 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

Dollar firms on debt ceiling optimism, Aussie slips after jobs data

By Samuel Indyk and Rae Wee LONDON/SINGAPORE (Reuters) - The U.S. dollar held near a seven-week peak on Thursday after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked

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?