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U.S. dollar advances as inflation data affirms Fed rate hike next week

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The U.S. dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on track to

U.S. dollar holds gains after inflation data

NEW YORK (Reuters) - The U.S. dollar held gains after data showed inflation rose in March, keeping the Federal Reserve firmly on track to raise interest rates at next week's policy meeting. The dollar

India March infrastructure output grows 3.6%, a five-month low

NEW DELHI (Reuters) - India's infrastructure output expanded 3.6% year-on-year in March, its slowest pace in five months, in part dragged by a contraction in electricity and cement output, government

Investors pile into cash, but snap up Chinese stocks in tricky markets

LONDON (Reuters) - Uncertainty over the economic outlook and the banking sector prompted investors to move money back into cash and gold in the week to Wednesday, according to BofA Global Research.

Moribund euro zone, Amazon outlook dent stocks ahead of rate meetings

By Huw Jones LONDON (Reuters) - A Europe on the brink of stagnation and a mixed outlook from Amazon dented global shares on Friday as investors hoped that anticipated interest rate hikes next week on

Euro falls on GDP data, yen slumps as BOJ maintains ultra-low rates

By Joice Alves and Rae Wee LONDON/SINGAPORE (Reuters) - The euro fell on Friday after economic data painted a mixed picture for growth and inflation across the euro zone, raising uncertainty around

Trading turbulence in banking sector: five hedge fund ideas

By Summer Zhen, Carolina Mandl and Nell Mackenzie HONG KONG/LONDON (Reuters) - Five hedge funds interviewed by Reuters this week each gave details of a trading idea they think could result in a profit

After Reliance-Warner deal, JioCinema pricing, local content in focus

By Shilpa Jamkhandikar, Aditya Kalra and Munsif Vengattil MUMBAI (Reuters) - The video streaming business of Mukesh Ambani, Asia's richest person, is likely to focus on pricing and local content

Singapore’s Wilmar quarterly profit falls on Adani JV stake dilution

(Reuters) -Singapore-listed agribusiness Wilmar International Ltd reported a 24.1% drop in its first-quarter net profit on Friday, reflecting a dilution of interest in jointly-owned Adani Wilmar Ltd.

Euro slips on GDP data, yen slumps as BOJ maintains ultra-low rates

By Joice Alves and Rae Wee LONDON/SINGAPORE (Reuters) - The euro fell on Friday after economic data painted a mixed picture for growth and inflation across the euro zone, raising uncertainty around

On Camera

Tirupati controversy shows temples can’t run as public sector units. They must be privatised

A private temple could make crores by selling better laddus and investing in goshalas and captive production units to control quality.

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Air Marshal A.P. Singh takes over as IAF chief, task cut out

Air Chief Marshal Singh took over from incumbent V.R. Chaudhari Monday afternoon. His top priority will be strengthening the fighting capability of the IAF, it is learnt.

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?