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Economy

US Fed vows to hold policy rate “as long as appropriate” to bring inflation down

Washington , May 2 (ANI): US Federal Reserve Chair Jerome Powell said it was prepared to maintain the current interest rate for "as long...

Inflation worries continue for US Fed, no policy rate cut for sixth time

Washington , May 2 (ANI): The US Federal Reserve, in its latest monetary policy meeting, voted to leave the key interest rate unchanged at...

Yen gives up ground vs dollar following surge on suspected intervention

By Kevin Buckland TOKYO (Reuters) - The yen gave up ground in early trade on Thursday, reversing direction after a sudden surge against the dollar overnight that traders and analysts were quick to

Oil prices pick up on prospect of US replenishing strategic reserve

By Yuka Obayashi TOKYO (Reuters) - Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an

Asia stocks wobble on rate cut delays; yen leaps

SINGAPORE (Reuters) - Asian stocks got off to a shaky start on Thursday after the Federal Reserve flagged delays to interest rate cuts, while the dollar fell heavily on the yen in what traders

Japan’s yen climbs against US dollar amid signs of intervention

By Gertrude Chavez-Dreyfuss, Karen Brettell and Caroline Valetkevitch NEW YORK (Reuters) -The yen soared against the U.S dollar late on Wednesday, as market participants suspected Japan's monetary

Stocks, dollar decline after Fed holds rates steady

By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve left interest rates unchanged and

Freshworks names Dennis Woodside as CEO, shares tumble

(Reuters) - Freshworks said on Wednesday that Dennis Woodside will take over as CEO of the CRM software maker, and founder Girish Mathrubootham will be the firm's executive chairman. Shares of the San

Oil falls to 7-week low on surprise US storage build, Middle East hopes

By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 3% to a seven-week low on Wednesday on a surprise build in U.S. crude stocks, the prospect of a Middle East ceasefire agreement and as hopes

Dollar dips as Fed cites disappointing inflation, but keeps focus on cuts

By Karen Brettell NEW YORK (Reuters) - The dollar fell on Wednesday after the U.S. Federal Reserve signaled it is still leaning toward eventual reductions in borrowing costs, but repeated that it

On Camera

Hezbollah mistook anti-Netanyahu protests as disunity in Israel—a genuinely liberal country

Israel's successes in Lebanon are spearheaded by the Intelligence Corps and the Air Force, which gave calls to cease volunteer reserve service should Netanyahu curtail the Supreme Court's authority.

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Indian envoy in Oman dons Army combat print for photo ops, sparks controversy

Ambassador Amit Narang wore combat uniform at closing ceremony of India-Oman joint military exercise. Only serving personnel can wear service uniforms, say veterans.

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?