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Oil steadies after Russia says global oil markets in balance

By Stephanie Kelly NEW YORK (Reuters) - Oil prices steadied on Thursday, paring losses from the previous session, after a top Russian official said global oil markets were balanced. Russian Deputy

Wall Street surges, Treasury yields rise as solid earnings offset weak data

By Stephen Culp NEW YORK (Reuters) - U.S. stocks rallied and Treasury yields resumed their climb on Thursday as market participants digested solid earnings amid signs of a dampening economy. All three

Oil steadies after Russia says more output cuts not needed

By Stephanie Kelly NEW YORK (Reuters) - Oil prices steadied on Thursday, paring some losses from the previous session, after Russia said OPEC+ sees no need for further output cuts. Russian Deputy

India’s ACC posts 39.5% fall in Q4 profit as expenses rise

BENGALURU (Reuters) - Indian cement maker ACC Ltd reported a 39.5% fall in fourth-quarter profit on Thursday, hurt by higher expenses. Standalone profit after tax fell to 2.37 billion Indian rupees (

Oil prices stabilize after hefty losses on economic worry

By Stephanie Kelly NEW YORK (Reuters) - Oil prices steadied on Thursday after the previous day's price drop on worries about a possible recession erased the supportive impact of a surprise cut to OPEC

Wall Street rallies, Treasury yields rise as strong earnings trump weak data

By Stephen Culp NEW YORK (Reuters) -U.S. stocks bounced higher and Treasury yields resumed their climb on Thursday as market participants digested solid earnings and signs of a dampening economy. All

US dollar gains after GDP, jobless claims data; rate hike bets intact

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The dollar rose on Thursday as weaker-than-expected U.S. economic growth in the first quarter is not likely to deter the Federal Reserve from raising

India’s LTIMindtree posts Q4 profit miss as costs rise

BENGALURU (Reuters) - India's LTIMindtree reported a lower-than-expected fourth quarter profit on Thursday as expenses rose and margins shrank, while the industry grappled with falling client budgets

US dollar rises after GDP data

NEW YORK (Reuters) - The dollar rose on Thursday as data showed that weaker-than-expected U.S. economic growth in the first quarter is not likely to deter the Federal Reserve from raising interest

Euro hovers near one-year high as U.S. outlook clouds over

By Harry Robertson and Kevin Buckland LONDON/TOKYO (Reuters) - The euro hovered near a one-year high against the dollar on Thursday, as Europe's resilient economy contrasted with banking risks and

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.

Indian envoy in Oman dons Army combat print for photo ops, sparks controversy

Ambassador Amit Narang wore combat uniform at closing ceremony of India-Oman joint military exercise. Only serving personnel can wear service uniforms, say veterans.

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?