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Friday, May 10, 2024
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Economy

Gold stays below key $2,000 level as markets temper Fed rate-cut bets

By Harshit Verma (Reuters) - Gold prices lingered near a two-month low on Wednesday, trading below the key $2,000-per-ounce level, as a stronger-than-expected U.S. inflation report prompted traders to

Oil drifts down on sticky inflation, bigger-than-expected US crude stock build

By Laura Sanicola and Trixie Yap (Reuters) - Oil prices slipped in Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined

Dollar reigns supreme as hot CPI cools bets for Fed cuts

By Kevin Buckland TOKYO (Reuters) - The dollar traded near three-month highs to major peers on Wednesday as traders pushed back bets for a first Federal Reserve interest rate cut following

Oil prices fall on sticky inflation, bigger-than-expected US crude stock build

By Laura Sanicola (Reuters) - Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in

Asia stocks edge down; dollar rides Treasury yields higher

By Rae Wee SINGAPORE (Reuters) - Asian shares tracked a negative lead from Wall Street on Wednesday, while the dollar and Treasury yields jumped as traders pared back expectations for the pace and

Stocks fall, dollar and yields gain after hot US inflation data

By Caroline Valetkevitch NEW YORK (Reuters) -Global stock market indexes dropped, the 10-year U.S. Treasury yield hit a 2-1/2-month high and the dollar touched a three-month peak against the yen on

Oil up on geopolitical tension, gains capped by fading Fed rate-cut hopes

By Georgina McCartney Houston (Reuters) -Oil prices settled higher on Tuesday as geopolitical tensions continued in the Middle East and eastern Europe, but gains were curtailed as investors reined in

US dollar rises to three-month high after inflation data, surges past 150 yen

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose to three-month peaks on Tuesday, after data showed U.S. inflation rose more than expected in January, reinforcing expectations that the

Stocks drop, dollar and yields gain after hot US inflation data

By Caroline Valetkevitch NEW YORK (Reuters) -World stock market indexes fell while the U.S. dollar hit three-month peaks and Treasury yields climbed on Tuesday after data showed U.S. inflation slowed

Oil up on geopolitical tensions, gains curbed as Fed waits to cut rates

By Georgina McCartney Houston (Reuters) -Oil prices settled higher on Tuesday as geopolitical tensions continued in the Middle East and eastern Europe, but gains were curtailed as the U.S. Federal

On Camera

If the Congress were truly a democratic party, Sam Pitroda would be a nobody

It is obscene that a man so detached from India should occupy such a powerful position in a party that governed India for most of its republican history.

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.

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.