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Economy

Stocks retreat after rally with jobs data eyed, yields climb

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks was poised to snap a four-session winning streak on Monday while Treasury yields rose as investors awaited U.S. labor market data to

Dollar regains ground after sell off; bitcoin breaches $42,000

By Hannah Lang WASHINGTON (Reuters) -The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks on bets that the U.S. Federal Reserve will soon be cutting

Oil falls on doubts OPEC+ will make further cuts

By Erwin Seba HOUSTON (Reuters) -Oil prices fell on Monday as traders took a wait-and-see attitude about plans by OPEC and its allies to cut production in the first quarter of 2024. Market analysts

Gold retreats from record peak on tempered outlook for Fed rate cuts

By Anushree Ashish Mukherjee (Reuters) - Gold fell more than 2% after hitting an all-time high on Monday, but zero-yield bullion's retreat halted above $2,000 an ounce after traders trimmed bets for

Stocks pull back after rally with jobs data eyed, yields climb

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks fell for the first time in five sessions on Monday while Treasury yields rose as investors awaited U.S. labor market data to gauge the

Stocks retreat after rally with labor market eyed, yields climb

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks fell for the first time in five sessions on Monday while Treasury yields rose as investors looked to upcoming U.S. labor market data

Foxconn, Pegatron, Hyundai suspend operations due to floods, cyclonic conditions in Chennai

New Delhi, Dec 4 (PTI) iPhone vendors Foxconn and Pegatron, and automobile company Hyundai are among the companies that have suspended their manufacturing...

Gold retreats from record peak as dollar bounces back

By Anushree Ashish Mukherjee (Reuters) - Gold fell more than 2% after hitting an all-time high on Monday as the dollar rebounded, but expectations of a cut in U.S. interest rates in 2024 stemmed

FILA Indian Unit DOMS to start IPO from Dec 13

(Reuters) - Italian stationery maker FILA said on Monday its Indian unit DOMS Industries had filed an IPO prospectus with the registrar of companies of Gujarat, India, and the offer will be open from

AstraZeneca commits $71 m to Meghalaya’s forestry project

Mumbai, Dec 4 (PTI) European drug major AstraZeneca has announced a USD 71 million funding to plant and maintain an estimated 64 million...

On Camera

SC’s stray dog order lit a match in Delhi. Are they a menace or companions?

The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.

Modi’s ‘Diwali bonanza’ for the common man—next-gen GST reforms, lower tax on daily-use items soon

Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.

What is Project Sudarshan Chakra, announced by Modi from ramparts of Red Fort

The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?