Indias economy grew at the slowest pace in five quarters in the three months to June, as a slowdown in farm output, and a slump in government spending offset the gains in manufacturing and private consumption. Gross domestic product grew 6.7 percent year-on-year following a 7.8 percent increase in the March quarter, preliminary figures from...
Continuing to recovery from recent weakness, the value of the U.S. dollar has moved moderately higher during trading on Friday. The U.S. dollar index is rising 101.69 points or 0.3 percent to 101.69, climbing further off its worst levels in over a year seen on Tuesday. Currently, the greenback is trading at 146.13 yen versus...
Indian shares are seen opening a tad lower on Wednesday, tracking weak cues from other Asian markets. Recent buying by FIIs and a sharp fall in oil prices on Tuesday may help limit the downside to some extent as the session progresses. Oil prices traded mixed in Asian trading this morning, after having dropped more...
Indian shares struggled for direction in muted trade on Wednesday as investors weighed geopolitical risks and awaited cues from Nvidias earnings and a key U.S. inflation reading. The benchmark S&P/BSE Sensex was up 16 points at 81,728 while the broader NSE Nifty index was down 3 points at 25,014. HCL Technologies, ONGC and Hero MotoCorp...
Private sector credit from the euro area and consumer sentiment from France are the top economic news due on Wednesday. At 2.00 am ET, retail sales from Denmark and foreign trade from Sweden are due. At 2.45 am ET, Frances statistical office INSEE is scheduled to issue consumer sentiment survey results for August. The consumer...
Existing home sales in the U.S. snapped a four-month skid in July, according to a report released by the National Association of Realtors on Thursday, with sales rebounding by slightly more than expected. NAR said existing home sales shot up by 1.3 percent to an annual rate of 3.95 million in July after plunging by...
The Canadian dollar advanced against its most major counterparts in the New York session on Thursday, as risk sentiment improved after minutes from the most recent Federal Reserve meeting signalled potential rate cuts amid signs of easing inflation and a rising unemployment rate. Financial markets anticipate significant policy easing, potentially including multiple cuts by year-end....
Indian shares fluctuated before finishing on a flat note Friday as investors awaited Federal Reserve Chair Jerome Powells eagerly anticipated Jackson Hole speech later in the day that could offer fresh insights on the central banks interest rate cuts plans this year. Powell may probably use the speech to prepare markets for a modest 25-bps...
The British pound strengthened against other major currencies in the European session on Friday, as traders braced for Fed Chair Jerome Powells Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September. The Bank of England governor Andrew Bailey is also scheduled to speak at the symposium. With a...
Swiss food and beverage giant Nestle SA, which is struggling with weak financial performance, announced the resignation of Chief Executive Officer Mark Schneider, and the appointment of Laurent Freixe as the successor, effective September 1. Schneider has decided to relinquish his roles as CEO and member of the Board of Directors after more than 8...