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Oil prices rise on slower US inflation, strong demand

By Katya Golubkova and Emily Chow (Reuters) -Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S. where data showed slower inflation than markets

Brookfield India to acquire 50% stake in four Bharti Enterprises assets

New Delhi , May 16 (ANI): Brookfield India Real Estate Trust (BIRET) has signed binding agreements to acquire a 50 per cent stake in...

Adani Energy Solutions fully acquires Essar’s Mahan-Sipat transmission assets

Ahmedabad (Gujarat) , May 16 (ANI): Adani Energy Solutions Ltd (AESL), which is into power transmission and distribution, has acquired 100 per cent stake...

Dollar sags as slower US inflation boosts rate cut expectations

By Tom Westbrook SINGAPORE (Reuters) - The dollar skidded to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years, pulling forward expectations for rate cuts in the

India again slashes windfall tax on petroleum crude

New Delhi , May 16 (ANI): The central government has reduced windfall tax on crude petroleum, according to a government notification.The special additional excise...

Asia rides Wall St rally, dollar sags on US inflation relief

By Kevin Buckland TOKYO (Reuters) - Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the

Stocks hit record highs, yields fall; US CPI raises rate cut hopes

By Caroline Valetkevitch NEW YORK (Reuters) -Global stock markets rose to record highs while U.S. Treasury yields and the U.S. dollar fell on Wednesday as data showed U.S. consumer prices rose less

Morning Bid: As CPI risk clears … it’s lift off!

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. It's 'green for go' in Asia on Thursday as stock markets around the world roar to fresh highs, boosted by renewed optimism that

Norway sovereign wealth fund excludes three companies over ethical concerns

(Reuters) -Norway's central bank said on Wednesday that its executive board has decided to exclude three companies from its government pension fund over ethical concerns. Norges Bank, which manages

Dollar swoons after data suggests rate cut in September

By Herbert Lash NEW YORK (Reuters) -The dollar slumped against major currencies on Wednesday after U.S. consumer prices in April showed inflation had resumed trending lower in the second quarter,

On Camera

I met Hezbollah leader Hassan Nasrallah in 2005. He told me he was an admirer of MK Gandhi

Shuttle diplomacy at a high level is indicated, along the lines of the famous Kissingerian shuttles following the 1973 Arab-Israeli war.

#ByeByeAP to #LuluBackInAP: Naidu’s moves to make Andhra ‘business friendly’ & woo back investors

The Jagan Reddy govt has been accused of scuppering various investment deals. Under Naidu, the govt, is trying to make AP a top investment destination, officials and industrialists say.

IAF chief AP Singh red-flags Tejas delay, says China ahead in technology & production capacity

Air force chief says HAL needs to churn out 24 aircraft per year. It is important for IAF to have indigenous weapons systems to deal with any security challenges, he says.

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?