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Friday, May 3, 2024
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Stocks slip as US consumer confidence slumps, dollar gains

By Herbert Lash NEW YORK (Reuters) - The dollar rose on Friday but a gauge of global stocks retreated on a report that showed U.S. consumer sentiment slumped to a six-month low in May, reinforcing

Dollar on pace for biggest weekly rise since February

By Laura Matthews NEW YORK (Reuters) - The U.S. dollar rose against the euro and sterling on Friday, and was on track for its biggest weekly gain since February, as investors shifted to safe havens

Gold hits one-week low, set for weekly drop on stronger dollar

By Deep Kaushik Vakil (Reuters) - Gold prices fell to a one-week low on Friday, and are on track for a weekly dip, weighed down by a stronger dollar and an uptick in U.S. bond yields. Spot gold was

Oil prices fall on stronger dollar, demand fears

By Laura Sanicola NEW YORK (Reuters) -Oil prices fell on Friday and were set to end the week lower for the third straight week, as the market balanced supply fears against renewed economic concerns in

Dollar holds gains, heads for biggest weekly rise since February

By Laura Matthews and Harry Robertson NEW YORK/LONDON (Reuters) - The U.S. dollar clung to modest gains against the euro on Friday and was headed for its biggest weekly gain since February, as

Stock slip as U.S. consumer confidence slumps, dollar gains

By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) -The dollar edged higher on Friday but global stock markets retreated on a report that showed U.S. consumer sentiment slumped to a six-month low

Gold ticks up as US debt ceiling risks linger

By Deep Kaushik Vakil (Reuters) - Gold turned positive on Friday, reversing course from earlier in the session as buyers took advantage of a price dip, while economic risks including looming worries

Oil prices rise as supply deficit counters demand fears

By Rowena Edwards LONDON (Reuters) -Oil prices rose on Friday, and were set to end the week flat after three weeks of decline, as the market balanced supply fears against renewed economic concerns in

India starts inquiry into Google app payments antitrust compliance

By Aditya Kalra NEW DELHI (Reuters) -India's competition watchdog has begun an inquiry into Google after some companies alleged the service fee the U.S. firm charges for in-app payments breaches an

Stocks cling to gains, hopes for Fed pause lift dollar

By Huw Jones LONDON (Reuters) - Global stock markets clung to modest gains on Friday, reassured by the prospect of a steady start on Wall Street, though worries over U.S. government finances capped

On Camera

Two documents, Modi-Macron visits—India-France defence partnership is touching new heights

Horizon 2047 signed during Modi's visit to France in July 2023 and the defence industrial roadmap during Macron’s visit to India in January 2024 guide the strategic bonhomie between the two countries.

How govt brought Vodafone Idea back from the brink & earned a neat profit in the process

In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

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.