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Federal Reserve Chair Jerome Powell to gauge the path of monetary policy. Investors will parse through Powell's address on monetary policy at the Jackson Hole Economic Policy Symposium at 10:05 a.m. ET (1405 GMT) to better understand whether the Fed is done with rate hikes and how long it plans to keep rates elevated. The dollar index, which measures the U.S.

Morgan Stanley on Friday cut its price target for MSCI China, a week after it lowered its economic growth forecast for China this year in the wake of disappointing data from the world's second-biggest economy. Morgan Stanley said its June 2024 target for MSCI China was now 60, down from 70.

Gold prices steadied near two-week highs on Friday and was headed for their best week in six as U.S. Treasury yields backed off highs ahead of speeches by top central bankers including Fed Chair Jerome Powell that could guide on future interest rates. FUNDAMENTALS * Spot gold was down 0.1% at $1,915.89 per ounce by 0120 GMT, holding below its highest since Aug.

economic growth likely accelerated to 7.7% in the April-June quarter, the fastest annual pace in a year, on robust service sector growth, strong demand and increased government capital expenditure, a Reuters poll found. All but two of 51 economists surveyed between Aug. 18 and Aug.

Aussie Broadband managing director Philip Britt has forecast further consolidation and says the telecommunications group is going after Telstra’s customers as annual net profits quadrupled to $21.7 million.

A federal jury in Chicago has convicted a former chief of staff to longtime Illinois House Speaker Michael Madigan of lying under oath to protect his once-powerful boss

inflation stoked by vegetable prices, but steps to reduce liquidity overhang in the banking system are likely to help contain price pressures, minutes of its August 8-10 meeting showed. «Given the likely short-term nature of the vegetable price shocks, monetary policy can look through the first-round impact of fleeting shocks on headline inflation,» Reserve Bank of India (RBI) Governor Shaktikanta Das said in the minutes. «At the same time, we need to be ready to pre-empt any second-round impact of food price shocks on the broader inflationary pressures and risks to anchoring of inflation expectations.»'Similar Prognosis Earlier Proved Right' India's Consumer Price Index inflation surged to a 15-month high of 7.44% in July, shooting past the MPC's tolerance band of 2-6%.

block deal on Friday, documents reviewed by ET showed. Jack Ma-founded Antfin will be selling the shares at ₹880 apiece, a discount of nearly 3% to Thursday's closing price of ₹904.4. Citibank is the broker for the deal. Antfin, which owned 23.79% stake in Patym at the end of the June quarter, sold 10.3% stake in the fintech company earlier this month.

«We've observed heightened interest from local and regional businesses seeking impactful yet budget-conscious advertising,» Sunil Kumar Mohapatra, Chief Revenue Officer, VerSe Innovation, told ET. «Over the past 2-3 years, our local and regional business sector has experienced significant growth. Year-on-year, we've witnessed a 2x-3x increase in clients and a similar growth in average order value from repeat clients.

Wesfarmers posted an 18.2 per cent surge in full-year sales to $43.55 billion, ahead of market expectations, underpinned by strong earnings from its two key retail banners Bunnings and Kmart Group.

By Saqib Iqbal Ahmed

Investing.com — Stocks sank on Thursday despite strong earnings from chip maker Nvidia (NASDAQ:NVDA) as investors turned their attention to the Federal Reserve's annual meeting in Jackson Hole, Wyo.

By Susan Mathew, Chavi Mehta and Chibuike Oguh

China sought to recruit elite foreign-trained scientists under a lavishly funded program that Washington viewed as a threat to US interests and technological supremacy. Two years after it stopped promoting the Thousand Talents Plan (TTP) amid US investigations of scientists, China quietly revived the initiative under a new name and format as part of a broader mission to accelerate its tech proficiency, according to three sources with knowledge of the matter and a Reuters review of over 500 government documents spanning 2019 to 2023. The revamped recruitment drive, reported in detail by Reuters for the first time, offers perks including home-purchase subsidies and typical signing bonuses of 3 to 5 million yuan, or $420,000 to $700,000, the three people told Reuters. China operates talent programs at various levels of government, targeting a mix of overseas Chinese and foreign experts. The primary replacement for TTP is a program called Qiming overseen by the Ministry of Industry and Information Technology, according to national and local policy documents, online recruitment advertisements and a person with direct knowledge of the matter who, as with others, spoke on the condition of anonymity because of the issue's sensitivity. The race to attract tech talent comes as President Xi Jinping emphasises China's need to achieve self-reliance in semiconductors in the face of US export curbs.

Boat and Noise are chasing premium fitness enthusiasts with smart rings, a relatively new form factor of wearable that's smaller in size and can be worn at all times in a fresh bet on premiumisation on the back of its existing user base. This even as they continue driving down average selling prices of smart watches and frenetically refreshing their portfolio to capture a larger pool of users. «For the last three years, there were mostly first-time buyers, now people are educated about what wearable devices do, and we believe it's the right time to move to better devices,» said Noise co-founder Amit Khatri. Co-founder Sameer Mehta said Boat has imported a small batch of 5,000 units for the first sale and is readying distribution, forecasting shipments of 50,000-100,000 units in the first year, depending on how people perceive its value proposition of enhanced wellness tracking. «We have been experimenting with how big a market this can get, and the initial response has been great. There are a lot of users who are on their second watch, and this could be their third purchase,» Mehta said. While Noise did not disclose exact numbers, co-founder Amit Khatri said they have stopped taking pre-orders for the product after receiving large volumes since opening for pre-orders. The expansion into smart rings comes on the back of strong 53.3% on-year growth in wearables in the first half of 2023, according to IDC.

By Michael S. Derby

MUMBAI : Members of the central bank’s monetary policy committee (MPC) have reaffirmed their commitment to bring down inflation to the 4% target amid a sudden spike in vegetable prices, minutes of the MPC meeting released on Thursday showed. Earlier this month, MPC unanimously voted to keep repo rate unchanged at 6.5% for the third straight meeting. The members, however, did not signal the need for any rate action at this point unless food inflation gets generalized.

US plane-maker Boeing has warned of delays in near-term delivery of 737 MAX jets due to a fresh quality issue. The development comes at a time when Air India and Akasa Air are both waiting for plane deliveries. The plane-maker said it was evaluating its annual 737 delivery target of 450 aircraft.

Reuters. Putin is famously known as the leader who does not, would not forgive. In a report AFP recollected that when in 2018 Putin was asked if he was able to forgive people's mistakes, Vladimir Putin thought for a split second.

By Abhijith Ganapavaram

Business these days in Jackson Hole, Wyoming, is still good — just not as robust as it was after the U.S. economy roared out of the pandemic recession