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Thursday, October 10, 2024
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Economy

Dollar steady as traders firm Fed rate-cut bets; focus on ECB

By Ankur Banerjee SINGAPORE (Reuters) -The dollar was broadly steady on Monday as traders wagered that U.S. inflation may have stabilised enough for the Federal Reserve to cut rates later in 2024,

India’s May factory growth slipped to 3-month low but remained sturdy, PMI shows

By Shaloo Shrivastava BENGALURU (Reuters) - India's manufacturing growth slowed to a three-month low in May as a heatwave prompted some companies to reduce working hours, but factory activity remained

Sharp rally in markets makes investors richer by Rs 12.48 lakh crore in morning trade

New Delhi, Jun 3 (PTI) Investors' wealth jumped Rs 12.48 lakh crore in morning trade on Monday as the benchmark equity index Sensex...

Sensex-Nifty mark record highs on expectation of Modi 3.0

Mumbai (Maharashtra) , June 3 (ANI): The stock market opened with an unprecedented uptick on Monday, reaching an all-time high after exit polls forecast...

Oil steadies as investors weigh OPEC+ output cut extension

By Mohi Narayan NEW DELHI (Reuters) -Oil prices were little changed on Monday, as investors weighed a move by producer group OPEC+ to extend deep output cuts well into 2025. Brent futures for August

Gold little changed as traders seek more data for Fed rate cues

By Sherin Elizabeth Varghese (Reuters) - Gold prices were little changed on Monday as traders awaited more U.S. economic data this week, after recent data showed that inflation stabilised and lifted

Asia shares rally on promise of rate relief, factory pick up

By Wayne Cole SYDNEY (Reuters) -Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though

Oil prices slip despite OPEC+ production cut extension

SINGAPORE (Reuters) - Oil prices fell early on Monday, despite a move by producer group OPEC+ to extend deep output cuts well into 2025. Brent futures for August delivery were down 24 cents, or 0.3%,

Asia shares rally on hopes for more rate cuts this week

By Wayne Cole SYDNEY (Reuters) - Asian share markets rose on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though

Indian rupee, bonds expected to rally after exit polls signal Modi victory

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee and government bonds are expected to rally this week after exit polls signalled Prime Minister Narendra Modi's Bharatiya

On Camera

Read the Kashmir verdict. It’s time to stop treating it like a national security crisis

Election after election has seen Kashmir’s people demonstrate that, like other Indians, they seek a future shaped by democratic rights and norms

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?