Oil prices were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of weakened demand. Brent crude futures for October delivery expire on Friday and were unchanged at 0033 GMT. The more actively traded contract for November fell 7 cents or 0.09% to $78.75. U.S. West Texas … Read more
India's economic growth is expected to have slowed in the April-June quarter due to reduced government spending during the national elections and stalling consumption. A Reuters poll of 52 economists projected GDP growth of 6.9% year-on-year for the three months through June, the first quarter of India's 2024/25 fiscal year. That is below the central … Read more
The retail inflation rate for farm and rural workers eased to 6.17 per cent and 6.20 per cent, respectively, in July, a government statement said on Thursday. The retail inflation rates for farm and rural workers were 7.02 per cent and 7.04 per cent, respectively, in June this year, according to the Labour Ministry statement. … Read more
The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for … Read more
Indian shares, which are a whisker away from record highs, are set to open little changed on Wednesday, with traders expecting further profit booking ahead of key macroeconomic data later this week. The GIFT Nifty was trading at 25,002.5 as of 08:07 a.m. IST, indicating that the NSE Nifty 50 will open near its previous … Read more
The Indian rupee is expected to open marginally lower on Wednesday, in the wake of a decline in other Asian currencies, and is likely to hold a narrow range amid the central bank's intervention. The one-month non-deliverable forward indicated that the rupee will be a tad lower than its close of 83.9250 to the U.S. … Read more
Oil rebounded on Wednesday after a sharp drop in the previous session ended a three-day streak of gains as investors have whipsawed between concerns about potential supply losses from Libya and the Middle East and worries about global fuel demand. Brent crude futures were up 25 cents, or 0.31%, at $79.80 a barrel at 0209 … Read more
South Korean shares dropped more than 1 per cent after opening on Thursday, taking a cue from Wall Street losses prompted by an underwhelming earnings result by global artificial intelligence (AI) chip giant Nvidia. The benchmark Korea Composite Stock Price Index (KOSPI) fell 31.62 points, or 1.18 per cent, to 2,658.21 in the first 15 … Read more
The U.S. dollar held near its lowest level in more than a year against a basket of peers on Wednesday, with sterling trading just off multi-year highs, as markets focused on clues to the size of a widely expected U.S. interest rate cut next month. Cryptocurrency bitcoin took the early Asia spotlight, dropping over 6% … Read more
Ministry of Coal said on Tuesday that the country’s cumulative coal production for the financial year 2024-25, as of Aug 25 has shot up by 7.12 per cent to 370.67 million tonnes compared to 346.02 million tonnes (MT) during the same period in FY 2023-24. The overall coal dispatch from the mines to the consumption … Read more