JOHANNESBURG (Reuters) -South Africa’s rand strengthened against a weakened dollar on Wednesday as investors awaited the U.S. Federal Reserve’s interest rate decision, which could signal the end of its tightening cycle. At 1559 GMT, the rand traded at 17.1775 against the U.S. dollar, 1.22% stronger than its previous close. The dollar index, which measures the …
South African rand firms ahead of Fed rate decision Read More »
By Matt Spetalnick WASHINGTON (Reuters) -The United States is deeply concerned about Russia’s supply of military equipment to Myanmar’s junta and will continue to seek ways to limit such cooperation between the two countries, a senior U.S. State Department official said on Wednesday. Speaking in a telephone briefing on the two-year anniversary of Myanmar’s military …
U.S. says it seeks ways to limit Russian military supplies to Myanmar junta Read More »
By Tom Balmforth and Olena Harmash KYIV (Reuters) -Security services searched the home of one of Ukraine’s most prominent billionaires on Wednesday, moving against a figure once seen as President Volodymyr Zelenskiy’s sponsor in what the authorities called a war-time anti-corruption purge. The action, days before a summit with the European Union, appears to reflect …
Ukraine raids home of billionaire in war-time anti-corruption crackdown Read More »
By Shubham Batra, Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) – India announced on Wednesday one of its biggest ever increases in capital spending for the next fiscal year to create jobs but targeted a narrower fiscal deficit in its last full budget ahead of a parliamentary election due in 2024. Prime Minister Narendra …
India hikes spending, shuns ‘outright populism’ in last pre-election budget Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday before the Federal Reserve is expected to hike interest rates by an additional 25 basis points, and investors will be watching to see if Fed Chair Jerome Powell strikes a hawkish tone about future monetary policy. The U.S. central bank is seen as …
By Shadia Nasralla LONDON (Reuters) -Oil prices remained relatively stable after OPEC and its allies stuck to their output policy while the market awaits a U.S. interest rate decision and data on U.S. crude and fuel stockpiles later on Wednesday. Brent crude futures were down 14 cents, or 0.1%, at $85.33 a barrel by 1419 …
Oil prices stable as OPEC+ sticks to policy ahead of Fed meeting Read More »
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is expected to raise its target interest rate by a quarter of a percentage point on Wednesday, setting aside the rapid hikes used last year to curb a surge in inflation in favor of a more stepwise hunt for a stopping point. The expected increase would …
Fed expected to deliver small rate hike but keep anti-inflation tilt Read More »
By Amanda Cooper LONDON (Reuters) -Global stocks rose on Wednesday as signs of slowing U.S. wage growth supported expectations the Federal Reserve could signal an end to interest-rate hikes at its meeting later on. U.S. benchmark indices rallied and bond prices rose, while the dollar eased overnight when the Fed’s preferred wages gauge, the U.S. …
Stocks rise, dollar retreats ahead of Fed decision Read More »
By Trevor Hunnicutt WASHINGTON (Reuters) -The White House is launching a partnership with India on Tuesday that President Joe Biden hopes will help the countries compete against China on military equipment, semiconductors and artificial intelligence (AI). Washington wants to deploy more Western mobile phone networks in the subcontinent to counter China’s Huawei Technologies Co Ltd, …
U.S., India partnership targets arms and AI to compete with China Read More »
By Andrew Hay (Reuters) -Actor Alec Baldwin was charged with involuntary manslaughter on Tuesday for showing a “reckless” disregard for safety that led to the fatal shooting of cinematographer Halyna Hutchins on the set of the Western movie “Rust” in New Mexico in 2021, according to court documents. District Attorney Mary Carmack-Altwies filed charges following …
Baldwin charged for ‘reckless acts’ leading to ‘Rust’ shooting Read More »
