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Asia shares rise on rate cut bets; RBA seen turning hawkish

By Tom Westbrook SINGAPORE (Reuters) - Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while traders waited on a policy meeting in Australia later in the

Gold prices inch higher on US rate-cut bets, Middle East woes

By Ashitha Shivaprasad (Reuters) - Gold prices edged higher on Tuesday, steered by bets that the U.S. Federal Reserve would cut interest rates later this year and safe-haven demand for bullion as Gaza

Oil edges up after Israel strikes Gaza, while truce talks continue

BEIJING (Reuters) - Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution. Brent crude futures were up 46

Yen eases despite intervention threat, Aussie steady before RBA

By Kevin Buckland TOKYO (Reuters) - The yen continued to drift lower against the dollar on Tuesday as gaping interest rate differentials weighed on the currency, despite fresh warnings from Japanese

Morning Bid: RBA up next, Hang Seng eyes 11th rise

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Asian markets are rising on the back of a subdued dollar, lower U.S. bond yields and looser financial conditions that the more

Microchip Technology expects weak quarterly results on excess inventory impact

(Reuters) - Microchip Technology forecast first-quarter net sales and profit below Wall Street estimates on Monday, signaling weak demand as customers continue to clear excess inventory, sending its

“GST lowered taxes on many essential items compared to pre-GST rates” says FM Nirmala Sitharaman

New Delhi , May 7 (ANI): Union Finance Minister Nirmala Sitharaman shared a post on social media on Monday and highlighted that GST (Goods...

Global shares rally on rate cut hopes; yen weakens

By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -A gauge of global stock markets rose on Monday on optimism that major central banks will cut interest rates this year, while the yen

Oil steadies as ceasefire eludes Hamas, Israel

By Erwin Seba HOUSTON (Reuters) -Oil futures ended largely unchanged on Monday as a ceasefire agreement between Hamas and Israel continued to elude negotiators. Both crude oil benchmarks settled 37

Dollar weaker on Fed rate cut hopes, yen retreats after strong week

By Chuck Mikolajczak NEW YORK (Reuters) -The dollar fell against most currencies on Monday for a fourth straight session as recent labor market data and comments from Federal Reserve officials buoyed

On Camera

India should steer clear of an ‘Asian NATO’. Its strategic flexibility is at stake

Japan PM Shigeru Ishiba’s proposal for an Asian NATO stems from his belief that the absence of a collective defence alliance could lead to wars. It’s a step too far for India.

You can’t ‘wish away’ China, India must balance economic & security considerations, says Sanjeev Sanyal

Sanyal, an economist & member of the Economic Advisory Council to PM, also suggests that if India is to import parts from China, why not allow Chinese companies to manufacture in India.

Compete, coexist, confront & contest: Army chief General Dwivedi says on dealing with China

Referring to current situation, General Upendra Dwivedi says it is stable but not normal; instead, sensitive. He adds the diplomatic side can only come up with certain options.

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?