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US dollar hits seven-week peak after solid data; US debt risks in focus

By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) - The dollar rose to a seven-week high on Wednesday, boosted by safe-haven bets amid the risk of a U.S. debt default, with traders

US stocks move higher, dollar gains as debt limit talks inch forward

By Stephen Culp NEW YORK (Reuters) -Wall Street was modestly higher on Wednesday and the dollar advanced as regional banks surged and negotiations in Washington over raising the debt ceiling inched

Gold pulls back as hawkish Fed cues boost dollar

By Seher Dareen (Reuters) - Gold prices retreated on Wednesday as the dollar advanced after comments from U.S. Federal Reserve officials cast doubts over interest rate cuts this year. Spot gold

India’s GlaxoSmithKline Pharma’s pre-tax profit falls on govt pricing caps

BENGALURU (Reuters) - India's GlaxoSmithKline Pharmaceuticals Ltd reported an 8.6% fall in its pre-tax profit for the fourth quarter on Wednesday, hurt by the government's curbs on pricing of some

India’s Jindal Stainless Q4 profit falls as higher costs outweigh demand

BENGALURU (Reuters) - India's Jindal Stainless Ltd reported a near 13% drop in its fourth-quarter profit on Wednesday, as higher raw material costs and softer prices offset a surge in domestic demand.

India’s Russian oil buying hits record high, slashes Mideast, Africa share

By Nidhi Verma NEW DELHI (Reuters) - India's oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest level in at

Safe-haven dollar climbs to 6-week high, U.S. debt risks in focus

By Tom Westbrook and Joice Alves LONDON (Reuters) - The dollar rose on Wednesday, benefiting from its safe-haven status amid the risk of a U.S. debt default, and as traders trimmed bets on a Federal

Oil steady as demand worries face tight supply outlook

By Noah Browning LONDON (Reuters) -Oil prices were steady on Wednesday after a surprise rise in U.S. crude inventories stoked demand concerns as economic worries competed with a tighter supply outlook

Stocks wobble, dollar at six-week high, on debt impasse

By Amanda Cooper LONDON (Reuters) - Global shares dipped on Wednesday, while the dollar headed for its strongest weekly gain since February to trade at six-week highs, reflecting risk aversion among

Safe-haven dollar rises with U.S. debt default risk in focus

By Tom Westbrook and Joice Alves SINGAPORE/LONDON (Reuters) - The dollar rose on Wednesday, benefiting from its status as a safe-haven amid the risk of a U.S. debt default and as traders trimmed bets

On Camera

Pakistani fundamentalists closer to controlling state. Now the battle is over baby milk bank

Islamic clerics push back against human milk banks as Shari’a proscribes marriages between so-called milk siblings. But several Islamic countries, including Iran, operate them.

Noida International Airport, Delhi NCR’s 2nd, delayed. To begin operations by April 2025

According to a statement by the airport, commercial operations likely to begin next year 'in view of the current construction status'. It was supposed to commence operations by 2024 end.

India’s 15-yr quest for anti-tank missile: Israeli Spike, DRDO option, back to US for Javelin talks

Recent high-profile visit was of US National Security Adviser this month during which a number of key issues, including military cooperation, was discussed by both sides.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.