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14.12 / 14:28
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US import prices post second straight monthly decline in November
WASHINGTON (Reuters) — U.S. import prices fell for a second straight month in November amid decreases in the costs of energy products and motor vehicles, suggesting that import deflation could help to lower domestic inflation next year.
12.12 / 16:43
12.12 / 13:41
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India bought Russian oil at $84.2/bbl in October, highest since December 2022: Report
Also Read: Russian President Vladimir Putin to run for elections, 'as a military leader of a country at war’ India purchased Russian oil at an average price of about $81.24 per barrel in September, according to Reuters' based on the latest data posted on the Trade Ministry's website. India's intake of Russian oil could rise on softening prices, a government official said last week. The price of Russia's flagship grade Ural in Baltic ports has plunged since late November below the $60/barrel ceiling.
12.12 / 13:41
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Gold recovers from 3-week low as dollar declines ahead of US inflation print
Also Read: US Federal Reserve December Meet: See date, timing, and schedule details here An upbeat US jobs report last week dampened expectations the Federal Reserve could cut interest rates as soon as March. The US consumer Price Index (CPI) report. Economists polled by Reuters expect US headline inflation to be flat for November and core inflation to be steady at an annual pace of 4 per cent - well above the Fed's 2 per cent target.
12.12 / 12:41
12.12 / 12:41
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Inflation data ahead, Fed decision looms large - what's moving markets
Investing.com -- Investors await the publication of the U.S. inflation report for November, which will likely factor into how Federal Reserve officials approach a major forthcoming interest rate decision. Elsewhere, «Fortnite»-maker Epic Games wins a closely-watched antitrust lawsuit brought against Google over the tech giant's Play app store.
12.12 / 12:41
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Futures inch higher with all eyes on inflation data
By Shristi Achar A and Johann M Cherian
12.12 / 11:15
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Netflix to squeak past Disney+ in US advertising revenue in 2024
Netflix is set to pull ahead of Disney+ in the race for U.S. advertising dollars next year as price hikes and a password-sharing crackdown pull more viewers to its ad-supported plan, an Insider Intelligence report projected. The streaming pioneer's ad revenue will likely jump 50.3% to about $1 billion next year, the report — exclusively shared with Reuters — showed.
12.12 / 08:53
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Retail inflation likely rose near 6% in November; should investors be worried?
Mint poll of 23 economists, India’s retail inflation likely rose 5.8 per cent in November. A Reuters poll of 41 economists predicted India's November CPI rose 5.70 per cent in November. On the other hand, the estimates of global financial firm Barclays show India's CPI-based inflation might have risen above the RBI's tolerance limit of 6 per cent in November.
12.12 / 08:31
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Islamist militants attack Pakistani army, killing 24: Sources
Islamist militants rammed an explosive-laden truck into a police station in northwest Pakistan on Tuesday, killing at least 24 people, two security officials said, the latest devastating attack in recent months claimed by a Pakistani Taliban group. The bomb and gun attack occurred in the district of Dera Ismail Khan on the edge of the lawless tribal regions bordering Afghanistan, the two security officials told Reuters.
12.12 / 07:11
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Gold prices Today: MCX Gold trades higher; what should be your strategy for yellow metal today?
India CPI inflation may breach RBI's 6% tolerance band in November, says Barclays After the RBI's pause on interest rates, the US Fed is also expected to maintain a pause on Wednesday, December 13 even as inflation remains above its 2 per cent target and the job market remains resilient. Also Read: US Fed meet this week: Cooling inflation, resilient jobs market - will Fed hold rates steady? Reuters reported, quoting CME FedWatch Tool, that traders widely expect the Fed to leave rates unchanged at 5.25-5.50 per cent this week and are pricing in an about 77 per cent chance of a rate cut in May. Gold prices tend to gain when interest rates come down.
12.12 / 05:09
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US Federal Reserve December Meet: See date, timing, and schedule details here
Federal Reserve's (US Fed) two-day monetary policy meeting is being held from December 12-13 (Eastern Standard Time - EST). And on Wednesday (EST) Fed Chair Jerome Powell will announce the central bank's rate decision in a press conference. Known as the Federal Open Market Committee's meeting (FOMC Meeting), the rate announcement will be at 2 pm (EST) on December 13 (12.30 am IST on December 14).
12.12 / 04:23
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Biden assures further assistance to Israel, but warns ‘public opinion could shift in…’
Israel's PM Netanyahu. He was speaking at a White House reception for the Jewish Hanukkah festival. Biden noted he inscribed on an old photograph of the two men, using a nickname for the Israeli leader.
12.12 / 03:55
Reuters
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COP28 Summit in Dubai: Indian climate activist Licypriya Kangujam storms stage. Know more about her
COP28 saw many firsts this year. From organizing the COP's first-ever "Health Day" to hosting "the first-ever COP ministerial dialogue on building water-resilient food systems" — there were many events and “landmark" moments that embraced the COP28 climate summit. On Saturday, several countries clashed over a possible agreement to phase out fossil fuels at the COP28 summit in Dubai, jeopardizing attempts to deliver a first-ever commitment to eventually end the use of oil and gas in 30 years of global warming talks.
12.12 / 03:03
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Gold edges higher as dollar slips, US inflation data in focus
Gold prices edged higher on Tuesday after hitting a three-week low in the last session, as the dollar eased, while investors awaited key U.S. inflation data and major central bank policy meetings for interest rate clues. FUNDAMENTALS * Spot gold was up 0.2% at $1,985.49 per ounce as of 0113 GMT, after hitting its lowest since Nov.
12.12 / 03:03
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Yen hands back gains, dollar waits on CPI
The dollar rose about 0.9% on the yen overnight. At 145.96 yen it is about 3% above a low touched last week after remarks on the challenging outlook from Bank of Japan Governor Kazuo Ueda were taken as a hint that a policy shift was imminent. Bloomberg reported on Monday, citing sources, that BOJ officials see little need to rush out of negative rates, triggering a reversal of the yen's rally and gains in Japan's stock and government bond markets.
12.12 / 02:13
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Israel-Hamas War Day 67: Humanitarian crisis rises in Gaza as UN prepares to vote on ceasefire | Top 10 updates
Here are top 10 updates on Israel-Hamas war, 1) Hunger was worsening among Palestinians in the besieged Gaza Strip, aid agencies said, as the United Nations General Assembly prepared to vote on Tuesday on an immediate humanitarian ceasefire in the two-month-old conflict between Israel and Hamas. 2) Most of Gaza's 2.3 million people have been driven from their homes and residents say it is impossible to find refuge or food in the densely populated coastal enclave.
11.12 / 21:07
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Macy's investors mount $5.8 billion buyout bid
By Abigail Summerville
11.12 / 21:07
Reuters
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U.S. discusses AI Chip sales to China with Nvidia, says Raimondo
The U.S. government is currently in talks with NVIDIA (NVDA) regarding the conditions under which it can sell AI chips to China. The administration has made it clear that Nvidia (NASDAQ:NVDA) is not allowed to export its most sophisticated semiconductors to Chinese companies.
11.12 / 16:29
Reuters
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Goldman Sachs Predicts First Fed Interest Rate Cut in Q3 2024 – How Will Crypto Markets React?
Banking giant Goldman Sachs projects two interest rate cuts in the United States by the Federal Reserve in 2024 with the first to be announced in the third quarter.
11.12 / 14:53
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Oil extends gains on US strategic reserve purchase
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