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Wednesday, May 8, 2024
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Economy

Oil steadies, heads for weekly drop on U.S. economy worries

By Laila Kearney (Reuters) - Oil prices edged up in early trade on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for weekly losses on U.S. economic

Yen poised for best week in over a year; dollar waits on US jobs data

By Rae Wee SINGAPORE (Reuters) - The yen was headed for its best week in more than a year on Friday, helped by Tokyo's suspected intervention this week to pull the Japanese currency away from 34-year

MeitY’s unveils indigenous innovations in transportation with ITS booklet launch, thermal camera transfer

New Delhi , May 3 (ANI): The Ministry of Electronics and Information Technology (MeitY) announced the launch of the Intelligent Transportation System (ITS) Technology/Product...

RBI imposes monetary penalty on Satara Sahakari Bank Limited

Mumbai (Maharashtra) , May 3 (ANI): The Reserve Bank of India (RBI) has taken stringent action against The Satara Sahakari Bank Limited, Mumbai, Maharashtra,...

Stocks jump after Fed, US data; yen strengthens

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks climbed on Thursday after the Federal Reserve indicated it was leaning toward a dovish stance, while the dollar retreated against the

Stocks rally after Fed, US data; yen strengthens

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks climbed on Thursday after the Federal Reserve indicated it was keeping a dovish tilt, while the yen retreated after another suspected

Oil settles near 7-week lows, focus shifts to economy

By Shariq Khan NEW YORK (Reuters) -Oil prices settled on Thursday near their lowest level in seven-weeks, narrowly mixed and under pressure from weaker global demand, rising inventories and fading

Yen higher after suspected intervention

By Karen Brettell NEW YORK (Reuters) - The yen gained on Thursday, following a sudden rally late on Wednesday that traders and analysts attributed to intervention by Japanese authorities, while the

Gold pulls back, traders hunker down for interest-rate cues

By Kavya Balaraman (Reuters) - Gold retreated on Thursday as focus returned to chances of U.S. interest rates staying higher for longer, with traders also positioning for economic data that could

Oil slides to 7-week low as demand weakens, rates stay high

By Shariq Khan NEW YORK (Reuters) -Oil prices fell to a seven-week low for the second consecutive session on Thursday, weighed by weakening global demand, rising inventories and fading hopes for an

On Camera

Xi Jinping is courting France. India must make sure its European partner isn’t seduced

Xi won’t be walking away from Europe with a win in hand, but his visit will almost certainly ignite arguments about the continent’s geopolitical future.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

Three Indian Navy ships deployed to South China Sea

Deployment comes at a time when Yuan Wang 03, a Chinese missile and satellite tracking vessel, has entered Indian Ocean Region.

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.