Thursday, August 16, 2018
Shares rebound as lira pulls out of nosedive

Reuters NEW YORK World share markets rebounded on Tuesday as Turkey's lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China's giant economy. After three weeks of ..

Saudi Arabia pips Iraq as top oil supplier to India in July

Reuters NEW DELHI Saudi Arabia replaced Iraq as top oil supplier to India in July after a gap of more than a year, according to data from industry and shipping sources, as a higher intake of Iranian oil ahead of US sanctions altered trade ..

Mumbai: Geo-political pressures, along with outflows of foreign funds and high crude oil prices dragged the Indian rupee to its lowest ever intra-day level of over 70 against a US dollar on Tuesday. On Tuesday morning, the Indian ..

NEW YORK: US stocks rose in a broad rally on Tuesday after four straight days of losses on a strong set of earnings from retailers and as bank stocks rebounded after the Turkish lira snapped a three-week slide. All 11 major S&P sectors ..

WASHINGTON: US import prices were unchanged in July as a surge in the cost of fuels was offset by weak prices elsewhere, suggesting that a strong dollar was keeping imported inflation in check. The Labour Department said on Tuesday ..

Reuters ANKARA Turkey's finance minister promised to protect the lira on Tuesday, after it fell to a record low against the dollar this week, and said the US currency had"lost credibility"because it had been exploited as a ..

Reuters Boston Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry's worst returns, cut back several long-term holdings, including Apple, Voya Financial and Consol ..

Reuters London Global investors remain overwhelmingly bullish on US and Chinese tech shares, while short positions on emerging equities are growing increasingly popular, Bank of America Merrill Lynch's (BAML) latest ..

Reuters New Delhi India would not be concerned if the rupee currency fell to 80 against the dollar after hitting an all-time low of 70.1 on Tuesday, as long as other currencies also depreciated, a senior finance ministry official ..

Reuters London Britain's unemployment rate fell to its lowest in over 43 years in the three months to June and fewer workers made do with insecure jobs, but there was little upside for most as pay growth slowed to its weakest in nine ..