By Sethuraman N R MUMBAI (Reuters) – The Indian rupee weakened on Thursday, closer to the near two-week lows hit earlier this week, weighed by broad strength in the dollar index. The rupee closed at 82.09 to the U.S. dollar on Thursday, against the previous session’s 81.9850. The dollar index rose 0.46% on Thursday after …
Indian rupee holds near 2-week lows on strengthening US dollar Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares reversed intraday gains and logged losses on Thursday, as a handful of downbeat quarterly earnings reports overshadowed optimism from favourable U.S. inflation data. The Nifty 50 was closed 0.10% lower at 18,297, while the S&P BSE Sensex fell 0.06% to 61,904.52. Eleven of the 13 major sectoral indexes …
Indian shares edge lower as dull earnings offset upbeat US CPI data Read More »
BEIJING (Reuters) -China’s consumer prices rose at the slowest pace in more than two years in April, while factory gate deflation deepened, data showed on Thursday, suggesting more stimulus may be needed to boost a patchy post-COVID economic recovery. The weak consumer price rise reinforces the signals from this week’s trade data suggesting domestic demand …
China’s slow consumer inflation, deepening factory gate deflation to test policy Read More »
By Mike Blake and Ted Hesson SAN DIEGO/WASHINGTON (Reuters) – Thousands of migrants are crossing into the United States this week before a new regulation takes effect that could bar most who cross illegally from seeking asylum, while others gathered on the Mexico side amid confusion about U.S. policy. The U.S. rolled out a regulation on …
Border crossings top 10,000 daily as migrants seek US entry before Title 42 ends Read More »
By Francesco Guarascio (Reuters) -A Chinese research vessel flanked by coast guard and nearly a dozen boats on Wednesday entered a gas block operated by Russian and Vietnamese state firms, two monitoring groups said, another potential flashpoint in the South China Sea. It follows a pattern of assertive moves of late by Beijing in its …
Cluster of Chinese vessels spotted near Russian rig off Vietnam – ship monitors Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – China will be the elephant in the room at this week’s meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country — but also try to get Beijing’s cooperation in solving global debt problems. The conflicting goals …
China and US debt woes may dominate G7 finance chiefs’ talks Read More »
By Farah Master HONG KONG (Reuters) – For many of China’s manufacturers of baby and children’s products, painful reverberations from last year’s historic decline in the country’s population are already upon them. Domestic sales are shrinking and the scramble is on to develop new streams of revenue, whether that be diversifying into products for adults …
Chinese baby product firms seek to age up, sell more abroad as population falls Read More »
By Nidal al-Mughrabi and Maayan Lubell GAZA/JERUSALEM (Reuters) -Israel hit Islamic Jihad targets in Gaza for a second day on Wednesday and Palestinian militants launched hundreds of rockets across the border, setting off sirens as far away as Tel Aviv, while Egypt began efforts to mediate an end to the fighting. The second round of …
Egypt starts mediating an end to Israel-Gaza strikes, rockets Read More »
SANTIAGO (Reuters) -Chile’s senate approved on Wednesday a long-awaited new mining royalty bill, passing it back to the lower chamber for a final vote that could come as early as next week. Chile is the world’s top copper producer and the bill aims to raise taxes on large copper producers. Earlier this week, the government …
Chile’s senate approves mining royalty bill, passes to final vote Read More »
By Nandita Bose VALHALLA, N.Y. (Reuters) -U.S. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the country’s $31.4 trillion debt ceiling or risk throwing the U.S. economy into a recession that would kill thousands of jobs. “We’ve got to fight. We’re going to win this fight,” Biden said …
Biden warns of recession unless Republicans back his debt ceiling plan Read More »
