Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets
Most Asian currencies retreated on Thursday as weak U.S. economic data pushed up fears of a potential recession, while the Japanese yen recouped most of its recent losses on speculation that the Bank of Japan may yet increase its yield control range. The yen...
Gold Slumps Below $1,800 as Fed Fears Resurfacea
Gold prices sank below key levels on Tuesday, with metal markets back under pressure as stronger-than-expected U.S. data boosted the dollar and ramped up uncertainty over strength in the U.S. economy and how the Federal Reserve will respond to it. The dollar rose for...
China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin
Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike in COVID-19 cases after it relaxed some restrictions intended to prevent the spread of the virus. The Caixin Manufacturing...
Foreign land4discouse snap up Indian bonds set for inclusion in global indexes This company pays its employees to leave. Those on notice period get 10% hike
MUMBAI (Reuters) -Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investments ahead of an anticipated inclusion of Indian debt in global bond indexes, analysts said.
The central bank removed foreign investment caps for a...
GST revenue jumps 33% year-on-year to over Rs 1.16 lakh crore in July
The Finance Ministry on Sunday (August 1) announced that the Goods and Services Tax revenue for July 2021 stood at more than Rs 1.16 lakh crore. The collection in the period under review is 33% higher than the collection in the same month last...
Sensex, Nifty end lower in see-saw session; HDFC bucks trend
Market benchmarks closed in the red after a highly volatile session on Wednesday despite a positive trend in global equities amid signs of cooling of Russia-Ukraine tensions.
The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 -- marking a loss of...
Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting
The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting. At 01:50 ET (05:50 GMT),...
Delhi Police Issues Traffic Advisory Ahead of India International Trade Fair
Entry to the fair will be restricted to business visitors from November 14 to 18. It will be opened for general public from November 19 to 27. The Delhi Police on Sunday issued a traffic advisory ahead of the India International Trade Fair and...
Dr. Martens Plunges After Fresh Profit Warning
Dr. Martens (LON:DOCS) stock plunged at the open on Thursday to a new all-time low, after the bootmaker was forced to cut its forecasts once again in response to problems in North America. Dr. Martens said a variety of operational problems had created a...
Even with New Variants, Experts Say We May Not Need COVID-19 Booster Shots
The coronavirus has already gone through many mutations and will continue to evolve over time.Growing evidence suggests the vaccines will provide long lasting immunity, even against new variants.But experts are watching the variants closely to see whether a booster shot will be needed to...