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Gold breaks $2,600 barrier as Fed cut bets prolong historic run

Bullion's latest rally got a fillip after the Federal Reserve initiated an aggressive easing cycle on Wednesday with a half-percentage-point reduction
21 September 2024, 08:55 AM

'No work, no pay,' Samsung warns striking Indian workers as dispute escalates

The Samsung strike is one of the biggest in India in recent years
21 September 2024, 08:23 AM

Qualcomm approached Intel about a takeover in recent days, source says

Qualcomm has in recent days approached Intel to explore a potential acquisition of the troubled chipmaker, a source familiar with the situation said on Friday, in what could be a transformational deal in the sector but faces many hurdles
21 September 2024, 06:37 AM

Central banks face 'difficult balancing act': IMF chief

Central banks face a "difficult balancing act" as they start lowering interest rates around the world in the face of falling inflation, the head of the IMF said Friday
21 September 2024, 06:23 AM

Rate cut could lift consumer spirits before US elections

The US Federal Reserve's decision to cut interest rates by half a percentage point gives consumers a much-needed psychological boost ahead of November's presidential election.
21 September 2024, 06:15 AM

Fed cuts lending rate for first time in more than 4 years

The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction for more than four years, sharply lowering borrowing costs shortly before November’s presidential election.
19 September 2024, 18:00 PM

What does a Fed rate cut mean for the economy and consumers?

The Federal Reserve cut US short-term borrowing costs on Wednesday by a bigger-than-usual half percentage point, a watershed moment that should start to ease some of the financial pressures everyday consumers have felt
19 September 2024, 07:11 AM

After jumbo Fed rate cut, market hopes ride on US soft landing

One of the most consequential Federal Reserve meetings in recent history has put investors’ focus squarely on one question: whether the central bank has kicked off its rate cutting cycle in time to keep the economy from slowing too rapidly.
19 September 2024, 05:52 AM

China urges more economic cooperation with UK

China is ready to boost economic ties with the United Kingdom, Vice Premier He Lifeng said Wednesday, state media reported, as part of a diplomatic thaw following years of frosty relations
19 September 2024, 05:45 AM

Fed unveils oversized rate cut as it gains 'greater confidence' about inflation

The move marks a significant pivot in US monetary policy and a recognition of the Fed's growing comfort with inflation continuing to ease to its target. It is currently about half a percentage point above it.
19 September 2024, 04:45 AM

India’s exports to Bangladesh fell 28% in August

India’s exports to Bangladesh dropped by 28 percent year-on-year to $681 million in August, according to a report by The Indian Express.
18 September 2024, 18:00 PM

India’s edible oil demand to rise

India’s edible oil consumption is set to grow at a pace of 2 percent-3 percent as cooking oils remain affordable despite an import duty hike, a leading importer told Reuters on Wednesday.
18 September 2024, 18:00 PM

BSEC to investigate Nafeez’s SEML for illicit trading

The Bangladesh Securities and Exchange Commission (BSEC) will investigate all the activities of Strategic Equity Management Ltd (SEML) since its inception in 2007 to check for anomalies.
18 September 2024, 18:00 PM

Cash-strapped Sri Lanka eyes China development

Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend
18 September 2024, 06:34 AM

US retail sales see slight rise, beating expectations

US consumer spending rose only slightly in August, government data showed Tuesday, with consumers appearing to shift towards essentials in the face of high interest rates
18 September 2024, 06:16 AM

Easy, convenient, cheap: how single-use plastic rules the world

Each year the world produces around 400 million tonnes of plastic waste, much of it discarded after just a few minutes of use.
17 September 2024, 18:00 PM

As Fed cuts loom, health of US economy could determine markets' path

How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle could depend on one factor more than most: the health of the US economy.
17 September 2024, 05:52 AM

Intel delays Germany, Poland chip factories for two years

Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated.
17 September 2024, 05:48 AM

Sri Lanka economy slows ahead of presidential elections

Sri Lanka’s economic growth slowed, government data showed Sunday, days ahead of the first presidential elections since an unprecedented financial meltdown in 2022.
15 September 2024, 18:00 PM

India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart

Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.
15 September 2024, 05:08 AM