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Underlying US consumer prices rose in February by the most in five months, an acceleration that leaves the Federal Reserve in a tough position as it tries to thwart still-rapid inflation without adding to the turmoil in the banking sector. The consumer price index, excluding food and energy, increased 0.5% last month and 5.5% from […]
Miners biggest weight on FTSE 100 Rio slides on trading ex-dividend Aviva jumps after profit rise, buybackFTSE 100 down 0.5%, FTSE 250 off 0.6% March 9 (Reuters) – London’s . . .
BENGALURU, Feb 20 (Reuters) – Indian shares struggled for direction on Monday on worries that the U.S. Fed would keep interest rates higher for longer while rising concerns after North Korea fired more ballistic missiles added to the dour mood. The Nifty 50 index
By Yuka Obayashi TOKYO (Reuters) – Oil prices slid on Friday and were on track for weekly losses as strong U.S. economic data heightened concern that the Federal Reserve will continue tight monetary policy to tackle inflation, which could hit fuel demand even as crude stockpiles grow. Brent crude futures dropped 49 cents, or 0.6%, […]
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Alibaba climbs as Ant Group’s Jack Ma to cede control * Macy’s, Lululemon drop on holiday-quarter warnings * Futures up: Dow 0.30%, S&P 0.41%, Nasdaq 0.51% (Adds comments, details; updates prices throughout) By Shubham […]
Investments in PPF and other tax savings schemes should be allowed as deductions, and the threshold for 30 per cent tax should be raised to Rs 20 lakh under the concessional income tax regime in Budget 2023-24 to make it attractive for middle-income taxpayers, experts said. Â Â Â The government in Budget 2020-21 brought an […]
US inflation data in the coming week are expected to stay consistent with a gradual step-down in cost pressures, and will help determine the size of the Federal Reserve’s next interest-rate increase. The consumer price index excluding food and energy, known as core CPI and seen as a better underlying indicator than the headline measure, […]
(Updates prices, adds comments and details) By Shashwat Chauhan Dec 29 (Reuters) – Canada’s main stock index climbed on Thursday, with rate-sensitive technology and consumer discretionary stocks leading gains after U.S. data showed signs of a cooling labor market, easing worries of aggressive tightening by the Federal Reserve. At 10:21 a.m. ET (15:21 GMT), the […]
MUMBAI, Dec 6 (Reuters) – The Indian rupee is expected to open lower versus the dollar on Tuesday after better-than-expected U.S. data rekindled worries on how high the Federal Reserve will hike rates. The rupee is projected to open at around 81.90 per U.S. dollar, weaker than the 81.79 closing in the previous session. The […]
NEW YORK, Oct 20 (Reuters) – Pfizer Inc expects to roughly quadruple the price of its COVID-19 vaccine to about $110 to $130 per dose after the United States government’s current purchase program expires, Pfizer executive Angela Lukin said on Thursday. Lukin said she expects the vaccine – currently provided for free to all by […]