scorecardresearch
Wednesday, October 2, 2024
HomeEconomy

Economy

Oil climbs $2/barrel after Fed’s Powell indicates coming US rate cuts

By Erwin Seba HOUSTON (Reuters) -U.S. light crude oil gained more than $2 a barrel on Friday after comments by U.S. Federal Reserve Chair Jerome Powell indicated the central bank was preparing to cut

Gold gains 1% as Powell comments hint at September rate cut

By Anushree Ashish Mukherjee (Reuters) - Gold prices gained 1% on Friday as the dollar and Treasury yields retreated following Federal Reserve Chair Jerome Powell comments signalling an interest rate

Partnership between banks and fintechs a win-win proposition: ex-RBI deputy governor

Kolkata, Aug 23 (PTI) Former deputy governor of Reserve Bank of India (RBI) S S Mundra on Friday said that partnership between banks...

Sebi bans Debock Industries, promoters from capital mkt for ‘defrauding investors’

New Delhi, Aug 23 (PTI) In a major crackdown, markets regulator Sebi on Friday barred Rajasthan-based Debock Industries Ltd and its promoter and...

US Fed chief strongly signals rate cut in September, shifts focus from inflation to unemployment

New Delhi , August 23 (ANI): US Federal Reserve Chair Jerome Powell gave a strong indication that it was time for the US central...

India supports e-commerce but not at cost of small retail businesses: Piyush Goyal

Mumbai (Maharashtra) , August 23 (ANI): Two days after Piyush Goyal raised concerns over predatory pricing by big e-commerce companies, the Union Commerce Minister...

Dollar turns lower after Powell says it’s time to cut rates

By Alden Bentley, Ankur Banerjee and Sruthi Shankar NEW YORK (Reuters) -The dollar turned lower and sterling rose to its highest in more than two years on Friday after Federal Reserve Chair Jerome

Oil climbs with U.S. Federal Reserve pivot

By Erwin Seba HOUSTON (Reuters) - Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest rate cuts would be among the central bank's priorities in

World shares up, Treasury yields dip after Fed signals lower rates

By Lawrence Delevingne (Reuters) -World shares gained on Friday, just shy of all-time highs, while the dollar languished around one-year lows after a speech by the world's most powerful central banker

In worst case scenario, Coal India’s impact may touch Rs 35,000cr in SC mining tax ruling: Official

Kolkata, Aug 23 (PTI) Coal India's financial impact may run into Rs 35,000 crore in a "worst-case" scenario if the Supreme Court's review...

On Camera

India should steer clear of an ‘Asian NATO’. Its strategic flexibility is at stake

Japan PM Shigeru Ishiba’s proposal for an Asian NATO stems from his belief that the absence of a collective defence alliance could lead to wars. It’s a step too far for India.

You can’t ‘wish away’ China, India must balance economic & security considerations, says Sanjeev Sanyal

Sanyal, an economist & member of the Economic Advisory Council to PM, also suggests that if India is to import parts from China, why not allow Chinese companies to manufacture in India.

Compete, coexist, confront & contest: Army chief General Dwivedi says on dealing with China

Referring to current situation, General Upendra Dwivedi says it is stable but not normal; instead, sensitive. He adds the diplomatic side can only come up with certain options.

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?