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Monday, September 30, 2024
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Singapore’s Wilmar quarterly profit falls 24%

(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.

Oil heads for another monthly decline as weak U.S. data weighs

By Shadia Nasralla LONDON (Reuters) -Oil prices were heading for another monthly decline on Friday after disappointing U.S. economic data and uncertainty over further interest rate hikes weighed on

German gloom dampens stocks as Fed, ECB meetings beckon

By Huw Jones LONDON (Reuters) - A stagnant German economy and sliding yen overshadowed buoyant tech earnings to send shares lower on Friday, with investors betting that next week's batch of central

India’s wheat procurement jumps above last year’s buying despite unseasonal rain, hail

Wheat procurement jumped to 19.5 million tonnes as of 26 April, exceeding 18.8 million tonnes procured last year. India plans to buy 34.15 million tonnes of new-season wheat from farmers.

Yen slumps to 9-year low vs euro after BOJ maintains ultra-low rates

By Rae Wee and Joice Alves SINGAPORE/LONDON (Reuters) - The Japanese yen fell to a nine-year low against the euro on Friday after the Bank of Japan (BOJ) left its ultra-easy monetary policy unchanged

India’s Axis Bank has enough capital to absorb Q4 loss -S&P

MUMBAI (Reuters) - Indian private lender Axis Bank Ltd has adequate capital to absorb the loss it posted for the fourth quarter which was mainly due to an asset write-down related to a deal to buy

Oil poised for weekly dip as recession fears, rates cloud outlook

By Yuka Obayashi and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices crept higher on Friday, but headed for a second week of declines as disappointing U.S. economic data and uncertainty over further

Asian shares rise, yen dips as BOJ keeps ultra-low rates

By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rose on Friday as strong corporate earnings lifted sentiment despite lingering worries over economic weakness, while the yen dipped after the Bank

Yen slumps after BOJ maintains ultra-low rates; dollar headed for monthly loss

By Rae Wee SINGAPORE (Reuters) - The Japanese yen fell on Friday after the Bank of Japan (BOJ) left its ultra-easy monetary policy unchanged even as it scrapped a pledge to keep interest rates low,

Asian stocks up, yen dips as BOJ keeps ultra-low rates

By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rose on Friday as strong corporate earnings lifted sentiment despite lingering worries over economic weakness, while the yen dipped after the Bank

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?