scorecardresearch
Saturday, May 4, 2024
HomeEconomy

Economy

Inflation worries continue for US Fed, no policy rate cut for sixth time

Washington , May 2 (ANI): The US Federal Reserve, in its latest monetary policy meeting, voted to leave the key interest rate unchanged at...

Yen gives up ground vs dollar following surge on suspected intervention

By Kevin Buckland TOKYO (Reuters) - The yen gave up ground in early trade on Thursday, reversing direction after a sudden surge against the dollar overnight that traders and analysts were quick to

Oil prices pick up on prospect of US replenishing strategic reserve

By Yuka Obayashi TOKYO (Reuters) - Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an

Asia stocks wobble on rate cut delays; yen leaps

SINGAPORE (Reuters) - Asian stocks got off to a shaky start on Thursday after the Federal Reserve flagged delays to interest rate cuts, while the dollar fell heavily on the yen in what traders

Japan’s yen climbs against US dollar amid signs of intervention

By Gertrude Chavez-Dreyfuss, Karen Brettell and Caroline Valetkevitch NEW YORK (Reuters) -The yen soared against the U.S dollar late on Wednesday, as market participants suspected Japan's monetary

Stocks, dollar decline after Fed holds rates steady

By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve left interest rates unchanged and

Freshworks names Dennis Woodside as CEO, shares tumble

(Reuters) - Freshworks said on Wednesday that Dennis Woodside will take over as CEO of the CRM software maker, and founder Girish Mathrubootham will be the firm's executive chairman. Shares of the San

Oil falls to 7-week low on surprise US storage build, Middle East hopes

By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 3% to a seven-week low on Wednesday on a surprise build in U.S. crude stocks, the prospect of a Middle East ceasefire agreement and as hopes

Dollar dips as Fed cites disappointing inflation, but keeps focus on cuts

By Karen Brettell NEW YORK (Reuters) - The dollar fell on Wednesday after the U.S. Federal Reserve signaled it is still leaning toward eventual reductions in borrowing costs, but repeated that it

Gold climbs over 1% as dollar, yields fall after Fed’s interest-rate decision

By Anushree Ashish Mukherjee and Anjana Anil (Reuters) - Gold prices climbed over 1% on Wednesday as the dollar and U.S. Treasury yields tumbled lower after the Federal Reserve's interest-rate

On Camera

Stop targeting Galgotias University students. Focus on politicians instead

Going through their Instagrams and dissecting their ‘statements’ is not the astute political commentary you think it is—it is time for us to back off from targeting 20-year-olds.

High capacity usage, fresh borrowings & new orders — why FY25 could be a big year for pvt investment

Companies are borrowing more from banks and public. Economists say high capacity utilisation & growing new orders could set stage for renewed investment push by India Inc.

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.