India's Retirees Tap Savings, Eat Less As Living Costs Soar
T.L. Wali, a 66-year-old lawyer in Delhi's high court, had been looking forward to retirement.
India Restricts Sugar Exports At 10 Million Tonnes
India has imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes, a government order said, to prevent a surge in domestic prices after mills sold a record volume on the world market.
Workers At French Window Maker Trade Perks For Pay Hike To Beat Inflation
When its employees started leaving in droves for better-paying jobs across the border in Switzerland, family-run French window maker Fligitter knew it needed to do something to retain staff.
S&P 500, Nasdaq Slide As Weak Economic Data, Dire Outlooks Stoke Recession Fears
The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the U.S.
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Indonesia Central Bank Holds Rates, To Lift RRR More Aggressively
Indonesia's central bank announced on Tuesday more aggressive hikes in the reserve requirement ratio (RRR) for banks, expecting inflation to rise slightly above its target band this year, but kept interest rates unchanged at a record low.
Dollar Slides To One-month Low As Lagarde Comments Boost Euro
The U.S. dollar index hit a nearly one-month low on Tuesday after European Central Bank President Christine Lagarde said eurozone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost.
Safe-haven Dollar Bounces, Aussie Slides As Snapchat Sours Mood
The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S.
Dollar At One-month Low As Lagarde Comments Lift Euro
The U.S. dollar index hit nearly a one-month low on Tuesday after European Central Bank President Christine Lagarde said euro zone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost.
Fed Policymakers Back Two More Big Rate Hikes, But Then What?
U.S. central bankers broadly back two more big interest rate hikes in June and July, but what happens after is a matter of intense internal debate that turns in large part on differing views of how price pressures will play out in months ahead.
Bank Of Korea To Raise Rates Again On May 26, To Hit 2.25% By Year End - Reuters Poll
South Korea's central bank is likely to hike its benchmark rate at a second consecutive meeting on Thursday to combat inflation running at more than double its target, taking rates higher by year end than previously thought, a Reuters poll showed.
Dividend Payouts Hit First Quarter Record, But Outlook Rocky
Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to a closely-watched global report, though it warned companies face a growing number of challenges in the months ahead.
EU Plans First Joint Gas Buying Before Winter
The European Union plans to start jointly buying gas before winter, the bloc's energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil fuels and build a buffer against further energy supply shocks.
Jamaica Says Rusal Making Consistent Payments On Tax Bill
Russian aluminum giant Rusal has been making steady payments to Jamaica as part of a 2021 agreement to pay back production taxes it owes the government, according to Jamaican Transport and Mining Minister Audley Shaw.
Indonesia Has No Plan To Reduce Palm Oil In Biodiesel Mix - Minister
Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the country's energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday.
Exclusive - Sri Lanka Picks Lazard, Clifford Chance As Advisers For Landmark Debt Restructuring -sources
Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares for the difficult task of renegotiating its debts, a trio of sources told Reuters on Monday.
Exclusive - Sri Lanka Picks Lazard, Clifford Chance As Advisers For Overseas Debt Restructuring - Sources
Sri Lanka hired Lazard and Clifford Chance as financial and legal advisers respectively to represent the government in talks with international creditors, three sources familiar with the situation said on Monday.
World Economy Has 'Buffer' Against Recession Says IMF's Gopinath
While the world economy faces headwinds, current growth forecasts offer a buffer against a potential global recession, the International Monetary Fund's No. 2 official said Monday.
U.S. Households Felt Financially Flush Going Into 2022, Fed Survey Shows
U.S. households reported their highest level of financial well-being since tracking began almost a decade ago and the gains were felt across all racial and ethnic groups, a Federal Reserve report released on Monday showed.
Wall Street Rallies To Higher Close Boosted By Banks, Big Tech
U.S. stocks ended higher on Monday as gains from banks and a rebound in megacap market leaders supported a broad-based rally following Wall Street's longest streak of weekly declines since the dotcom bust more than 20 years ago.
Wall St Set To Rebound After Volatile Week; Takeover Talks Boost VMware
Wall Street's main indexes were set for a higher open on Monday, helped by a bounce back in growth and bank stocks, after the benchmark S&P 500 hovered near a grim market milestone at the end of last week.
Wall Street Rallies On Back Of Big Tech, Banks
U.S. stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street's longest streak of weekly declines since the dotcom bust more than 20 years ago.
Wall Street Rebounds With Assist From Banks, Big Tech
Wall Street rallied on Monday as gains from banks and recently battered megacap market leaders helped U.S.
S&P 500, Dow Rise As Banks, Apple Offer Support
The S&P 500 and the Dow rose on Monday, led by gains in banks and Apple after a sharp selloff last week, while a slide in Tesla and chipmakers weighed on the tech-heavy Nasdaq.
Nepal Raises Retail Fuel Price, Stoking Inflation Fears
Nepal's state-owned oil company has hiked the retail prices for fuels, including petrol and cooking gas, by up to 12.5% because of rising global oil prices, an official said on Monday, stoking concerns consumer inflation will be further pushed up.
Crypto Crowd Dominate Davos Main Street Despite Price Crash
A free bitcoin pizza stall and a "Liquidity Lounge" were among the treats on offer for attendees at this year's meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash in digital coin values.
German Business Morale Rises In May On Buoyant Services Sector
German business morale rose unexpectedly in May thanks to a pick up in the services sector in Europe's largest economy that helped offset the impact of high inflation, supply chain problems and the war in Ukraine, a survey showed on Monday.
Indian Govt Likely To Stick To Fiscal Deficit Target, Says RBI Chief
The Indian government is likely to stick to its fiscal deficit target as specified in the budget and there may not necessarily be a need for increasing government borrowing just yet, governor Shaktikanta Das told CNBC-TV18 in an interview on Monday.
Euro Climbs As ECB Eyes Rate Hikes, Dollar Slides
The dollar index fell on Monday while the euro rallied after the European Central Bank indicated a move from negative interest rates, and riskier currencies gained ground along with equities.
Dollar Wobbles Lower As China Growth Hopes Lift Aussie
The dollar began the week on the back foot, following its first weekly loss in nearly two months, as investors cut bets on further dollar gains from rising U.S.
Dollar Slips As China Rekindles Growth Hopes
The dollar slipped on Monday as investors kept up selling pressure, cutting bets on further dollar gains from rising U.S.
Stocks Rally As Euro Gains On Likely Rate Hikes
U.S. and European stocks rallied on Monday, with the S&P 500 for the moment moving away from a bear market, while the euro leapt after the European Central Bank said it was likely to lift its deposit rate out of negative territory by September.
Stocks Rally As Euro Leaps On Likely Rate Hikes
U.S. and European stocks mostly rallied on Monday, with the S&P 500 trading just above bear market territory, while the euro jumped after the European Central Bank said it was likely to lift its deposit rate out of negative territory by September.
Asia Stocks Stifled By Inflation, China Concerns
Asian stocks weakened on Monday as investors worried inflation and rising interest rates would hamper the global economic outlook and China's COVID-19 situation weighed on sentiment, with tech firms particularly hit.
Asia Stocks Weighed By Inflation Concerns, China Tech Selling
Asian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.
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