US dollar mixed after inflation report supports smaller Fed rate cut
WEB4 days ago · The U.S. dollar was mixed overall on Wednesday in choppy trading after data showed underlying inflation in the world's largest economy rose in August, reinforcing expectations that the Federal Reserve will likely implement a smaller 25-basis-point interest rate cut option next week. The greenback posted gains against the Swiss franc, sterling, …
US stocks rebound as market eyes Fed rate cut after inflation data
WEB4 days ago · Wed, 11 Sept 2024, 5:27 pm 3-min read. US consumer inflation data kept the Federal Reserve on track to cut interest rates later this month (SCOTT OLSON) Semiconductor stocks were among the strongest performers Wednesday as US stocks staged a rebound to finish higher following mixed inflation data. Wall Street indices …
Bajaj Housing Finance draws bids worth $39 billion in hottest India …
WEB4 days ago · The interest in the company's public offer -- the most this year among mainboard IPOs worth more than $500 million -- was due to the lender's prospects in a booming home loan market and came during the busiest week for Indian IPOs in 2024. Bajaj Housing Finance, a unit of non-bank lender Bajaj Finance, will become India's …
Currencies tread with caution ahead of US inflation test - Yahoo …
WEB5 days ago · The dollar was steady in early trading on Tuesday, with the yen inching away from one-month highs as investors brace for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve starting next week. A mixed labour report on Friday failed to make a clear-cut case on whether the Fed would deliver a …
US crude oil climbs more than $2 on fears of Hurricane Francine
WEB4 days ago · HOUSTON (Reuters) -U.S. crude oil climbed more than $2 a barrel on Wednesday, driven by fears of lengthy production shutdowns in the offshore oil patch, which Hurricane Francine was barreling through on Wednesday. Brent crude futures were up $1.87, or 2.70%, to $71.06 a barrel at 12:07 p.m. CDT (1707 GMT). U.S. crude futures …
Kenyan court halts proposed Adani lease of country's main airport
WEB5 days ago · NAIROBI (Reuters) -Kenya's high court has temporarily blocked a proposed deal for India's Adani Group to lease the country's main airport for 30 years in exchange for expanding it, court documents showed. In a joint application, the Law Society of Kenya (LSK), the country's main bar association, and the Kenya Human Rights Commission …
Huawei racks up 3 million pre-orders for tri-fold phone before …
WEB6 days ago · Chinese tech giant Huawei has garnered more than 3 million pre-orders for its triple-folding smartphone, its website showed on Monday, which comes just hours before Apple's debut of its new generation of iPhones. Huawei's Mate XT, a Z-shaped tri-fold phone is scheduled to be unveiled at a launch event on Tuesday, as announced on its …
Exclusive-India cenbank to stick to higher digital deposit buffer ...
WEB4 days ago · India's central bank will stick to its plan to ask lenders to set aside more funds for digitally linked deposits, despite the industry's plea for a lower buffer to avoid a hit to their liquidity, three sources familiar with the matter told Reuters. In July, the Reserve Bank of India (RBI) proposed that banks set aside an additional 5% 'run-off factor' on digitally …
Samsung India workers vow to keep striking unless demands met
WEB4 days ago · SRIPERUMBUDUR, India (Reuters) -Workers at Samsung Electronics' southern India plant will remain on strike until their demands for better wages and working conditions are met, union leaders said, as output at the consumer appliances unit was disrupted for a third straight day. The industrial unrest at the plant in Sriperumbudur, …
Kenya airports union workers say they will strike over planned …
WEB5 days ago · The biggest union of Kenya's aviation workers plans to go on strike on Wednesday to protest against a proposed deal for India's Adani Group to lease the country's main airport for 30 years in exchange for expanding it, a union official said on Tuesday. Kenya's government has said the airport is operating above capacity and …