The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S. data and hawkish policymaker comments, while the prospect of higher energy prices helped exporters’ currencies and weighed on those of importers. The dollar rose…
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Oil prices rose slightly on Friday, but were set for a fourth straight month of losses amid growing concerns over weakening demand, with the focus now turning to a potential supply cut by the OPEC next week. London-traded Brent oil…
The Union Cabinet has hiked the Dearness Allowance (DA) of central government employees and pensioners by 4 percent under the 7th Pay Commission, The hike takes DA to 38 percent from the current 34 percent of basic pay/pension. The Finance…
Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve. Hong Kong’s technology-heavy Hang Seng index continued to lag behind its peers, falling 1.5%, while Japan’s…
Japan is expected to waive visa requirements for certain tourists and remove a limit on daily arrivals in October as it aims to benefit from a rebound in global tourism, Nikkei reported on Thursday. Following the change, Japan will not require visas for…
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…
The Ukraine-Russia conflict will require continuing prudent diplomacy and economic planning Russia’s unprovoked assault on Ukraine, which completes six months tomorrow, came at a singularly inopportune time for a world recovering from the economic impacts of a global pandemic. The…
Sri Lankan stocks fell and were set for another day of trading stoppage when the market opened for the first time in two weeks, during which the economic situation worsened. Within seconds after resuming trading, the Sri Lanka Stock Exchange…
More than 40 lakh children in the age group of 15 to 18 years received their first vaccine dose against COVID-19 on January 3 – the first day of the widened immunisation drive, as infections inch up again in the country. Announcing…
By Administrator_India Capital Sands Oil prices rose on Wednesday, with U.S. crude gaining for a seventh day, after an industry report showed a further drop in inventories and investors shrugged off worsening developments in the pandemic. U.S. West Texas Intermediate (WTI) was…