INDIA STOCKS Indian shares inch lower ahead of RBI policy outcome

BENGALURU, Sept 30 (Reuters) – Indian shares edged lower on Friday, dragged by losses in information technology and autos, ahead of an expected rate hike decision by the country’s central bank to fight inflation. The NSE Nifty 50 index (.NSEI) was down 0.3% at 16,776, as of 0347 GMT, and the S&P BSE Sensex (.BSESN) … Read more

Britain’s market rout stokes contagion fears around the globe

NEW YORK/LONDON, Sept 28 (Reuters) – The scale and speed of the sell-off in British assets has jolted world markets, raising concern about contagion as chaos in a major developed economy adds to unease already generated by sharp interest rate rises from the United States and elsewhere. Following Friday’s UK mini-budget, which flagged 45 billion … Read more

Morning Bid: Unstable cable | Reuters

US Dollar banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Register A look at the day ahead in US and global markets from Mike Dolan. Britain’s gamble to spur growth with unfunded tax cuts into an inflation surge has morphed into a … Read more

RBI to raise rates again, slim majority of economists expect 50 bps hike: Reuters poll

A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo Register now for FREE unlimited access to Register BENGALURU, Sept 23 (Reuters) – The Reserve Bank of India is set to raise interest rates again next week with a … Read more

EXCLUSIVE India’s top lender asks exporters to trade with Bangladesh in rupee, taka

New Delhi, Sept 19 (Reuters) – Top lender State Bank of India (SBI.NS) has asked exporters to avoid settling deals with Bangladesh in the dollar and other major currencies as it looks to curb exposure to Dhaka’s falling reserves, according to an internal document and a source. Bangladesh’s $416-billion economy is battling rising prices of … Read more

Euro, stocks and pound fight back after latest energy shock

Register now for FREE unlimited access to Register European stocks inch higher as gas prices retreat after spike Yen hits fresh 24-year low, euro, pound claw higher Bond markets expect a super-sized 75 bps from the ECB on Thursday Oil sags after modest OPEC supply cut LONDON, Sept 6 (Reuters) – European stock markets, … Read more

India’s status as world’s fastest growing major economy to be short-lived: Reuters poll

Garment workers cut fabric to make shirts at a textile factory of Texport Industries in Hindupur town in the southern state of Andhra Pradesh, India, February 9, 2022. REUTERS/Samuel Rajkumar Register now for FREE unlimited access to Register BENGALURU, Aug 29 (Reuters) – India likely recorded strong double-digit economic growth in the last quarter … Read more

Analysis: Fed faces balance sheet dilemma as US economy slows

The US Federal Reserve Building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed Register now for FREE unlimited access to Register NEW YORK, Aug 15 (Reuters) – With the recent slowdown in inflation, the Federal Reserve is faced with a conundrum ahead of a plan next month to double the rate at which … Read more

Russia could buy yuan, rupees, Turkish lira for rainy day fund, central bank says

National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Register This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 12 (Reuters) – Russia is considering buying the currencies of … Read more

Analysis: World’s biggest bond markets back in vogue as recession fears mount

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 19, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Register LONDON, July 29 (Reuters) – One day you’re out and the next day you’re in: the world’s … Read more