scorecardresearch
Thursday, October 10, 2024
HomeEconomy

Economy

Dollar finds footing as traders turn to US services data

SINGAPORE (Reuters) - The dollar steadied on Wednesday as traders pared back on riskier bets in emerging markets while waiting on an interest rate decision in Canada and on U.S. services data. The

Oil drops as OPEC+ boosts supply even though demand is shaky

By Erwin Seba HOUSTON (Reuters) -Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already

US dollar drifts higher from multi-month lows; yen gains

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar on Tuesday edged higher from its more than two-month lows against the euro, sterling and Swiss franc, as investors consolidated gains in

Gold dips as dollar steadies, focus turns to US jobs data

By Rahul Paswan (Reuters) - Gold fell more than 1% on Tuesday as the dollar steadied ahead of U.S. jobs data, due later this week, which could set the tone for the Federal Reserve's interest rate

Analysis-Mexico, South Africa and India deliver political punch to markets

By Marc Jones LONDON (Reuters) - A clobbering for South Africa's, Mexico's and even India's heavyweight markets in recent days has proved without doubt that politics can still deliver an unexpected

Oil drops more than $1/bbl as OPEC+ decision spotlights shaky demand

By Erwin Seba HOUSTON (Reuters) - Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision at the weekend to boost supply later this year into a global market where

Foreign portfolio investors sold over Rs 12,000 crore India stocks on poll results day

New Delhi , June 4 (ANI): Foreign portfolio investors (FPIs) heavily sold stocks off their portfolio in India on Tuesday, as the broader market...

CCI approves combination involving acquisition in IRB Infrastructure Trust and MMK Toll Road by Cintra

New Delhi , June 4 (ANI): The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition in IRB Infrastructure Trust...

Exit polls euphoria led to stocks rout; reforms to suffer under coalition: Experts

Mumbai, Jun 4 (PTI) The equity market tanked due to expectations of a big NDA win created by the exit polls, key market...

Rupee plunges 37 paise to settle at 83.51 against US dollar

Mumbai, Jun 4 (PTI) The rupee tumbled 37 paise to close at 83.51 against the US dollar on Tuesday as the ruling BJP...

On Camera

Ratan Tata’s least acknowledged and biggest contribution was to Assam

Ratan Tata took TISS to Assam, saved a sinking Tata Tea out of concern for workers, and brought Northeastern people at the forefront of India’s hospitality industry.

RBI’s policy-setting body keeps rates unchanged for 10th straight time, changes stance to ‘neutral’

Change in stance signals possibility of rate cuts, potentially as early as December, depending on inflation trends & global economy. Growth projection for FY 2024-25 retained at 7.2%.

Amid concerns about use of Chinese parts in drones, Army general urges industry to be transparent

Maj Gen CS Mann, ADG, Army Design Bureau, cites national security concerns. This comes after intelligence agencies flagged use of Chinese components in drones purchased by armed forces.

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?