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Thursday, October 10, 2024
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Economy

Dollar wallows at multi-month lows as Fed cut bets grow

By Kevin Buckland TOKYO (Reuters) - The dollar languished at its lowest since April against the euro and sterling on Tuesday as signs of a softening U.S. economy boosted the case for earlier Federal

Oil hits four-month low as OPEC+ decision fails to allay demand worries

By Shariq Khan NEW YORK (Reuters) -Oil prices tumbled more than $2 a barrel on Monday to their lowest in nearly four months, as investors worried about the demand outlook and took a complicated OPEC+

US dollar sinks to three-week low on signs of slowing economy

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar fell to a three-week low on Monday after data showed the U.S. economy is gradually slowing down with weaker-than-expected readings on

Gold rises as soft US economic data spurs Fed rate cut bets

By Brijesh Patel (Reuters) - Gold prices rose on Monday as weaker-than-expected U.S. economic data cemented expectations that the Federal Reserve would cut interest rates later this year, sending the

FSSAI asks food biz to remove claim of 100pc fruit juice from ads, packaging labels

New Delhi, Jun 3 (PTI) Food regulator FSSAI has asked food business operators to immediately remove claims of 100 per cent fruit juices...

Coal production in India grew over 10 per cent this May

New Delhi , June 3 (ANI): In May 2024, India's coal production reached 83.91 million tonnes on a provisional basis, exhibiting a growth rate...

FSSAI directs removal of ‘100% Fruit Juices’ claim from product labels and ads

New Delhi , June 3 (ANI): The Food Safety and Standards Authority of India (FSSAI) has directed mandating all food business operators (FBOs) to...

US dollar drops to three-week low after soft manufacturing data

By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) - The dollar fell to a three-week low on Monday after data showed the U.S. economy is slowing down with weaker-than-expected

Oil dives 3%, OPEC+ decision fails to allay demand worries

By Shariq Khan NEW YORK (Reuters) -Oil prices tumbled more than $2 a barrel on Monday to multi-month lows, as investors worried about the demand outlook and took a complicated OPEC+ output decision as

Higher profits, lower debt, ‘Modi stocks’ effect — Adani market cap zooms past pre-Hindenburg levels

Adani Group stocks rose at an average of 7.8% Monday, while Sensex rose 3.4%. The group has recovered all losses in value since the Hindenburg report came out in January 2023.

On Camera

Imran Khan’s party expects Jaishankar to save Pakistan democracy. And Modi to free him

S. Jaishankar was invited not only to join PTI’s protests but also to address protesters. Plot twist: It was Jaishankar, not Tiger (aka Salman Khan), who was set to save democracy in Pakistan.

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%.

Massive in size & capable of heavyweight strikes. Russia’s S-70 Okhotnik is unlike any other drone

No clarity on whether it was shot down intentionally or accidentally.Some reports suggest that it was purposely brought down to prevent Ukrainians getting their hands on the drone.

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?