Indian shares surge on RBI rate hike to close best quarter in a year

The index ended up 1.6% at 17,094.35, and the S&P BSE Sensex gained 1.8% to 57,426.92. Both the indexes posted their biggest percentage jump in a month, breaking a seven-day losing streak.
#S&PBSE #Indian #News #Business #Markets

an hour ago

Morning Bid: Hawks and hardliners

The third quarter of 2022 draws to a close with monetary and military hawks prevailing. The u.s. Dollar is finishing the quarter with its reign unchallenged. A hot german inflation print has investors betting the eu will get more aggressive.
#Reuters #News #Business #Markets

6 hours ago

INDIA RUPEE Rupee seen higher on current account deficit surprise, dollar retreat

The rupee is expected to open higher against the u.s. Dollar on friday. The country reported a lower-than-expected current account deficit for the June quarter. Traders expect the CAD to remain elevated in the coming quarters.
#Reuters #INDIA #News #Business #Economy

9 hours ago

Comedian Trevor Noah to leave 'The Daily Show' after seven years

The 38-year-old comedian moved to the u.s. In 2011 and was born in Johannesburg, south africa. He took over in 2015 after the exit of longtime host Jon Stewart. The comedian quickly established himself with his own brand.
#JonStewart #TheDailyShow #Johannesburg #News #Entertainment #Tv

10 hours ago

India's current account deficit widens in April-June; seen worsening

The current account deficit (CAD) stood at $23.90 billion in the first quarter of fiscal year 2022/23. As a percentage of GDP, the CAD was at 2.8%, its highest in nearly four years. A median forecast in a poll of 18 economists was for a CAD of $30.5 billion.
#Reuters #India #News #Business #Economy

11 hours ago

INDIA STOCKS Indian shares end lower for seventh session; await RBI policy

The index fell 0.24% to 16,818.10, while the S&P BSE Sensex dropped 0.33% to 56,409.96. Investors pedalled into another cycle of selling on Thursday as the dollar tightened its hold on the currency markets. If the rate hike is above the estimate, then we could see bouts of intra-day volatility with a negative bias for some more time.
#INDIA #Indian #News #Business #Markets


Britain's Truss says fracking must have community consent

Fracking will only be allowed to take place where a community has consented. She said the government was working on the detailed issues about how support would be gauged. This month, Truss's government lifted a moratorium that had been in place since 2019.
#Truss #Reuters #Britain #News #Science #Enviornment


Ex-BoE boss Carney says UK tax cuts complicate BoE inflation fight

Former bank of England governor criticises new government's tax cuts. Finance minister Kwasi Kwarteng followed through on prime minister's promises of tax cuts by announcing further tax reductions.
#Carney #BoE #News #Business #Economy


Druckenmiller sees US falling into recession next year

The founder of the duquesne family office said he would be stunned if the U.S. Does not have a recession in 2023 as a result of Fed tightening. „Our central case is a hard landing by the end of ‘23,” Druckenmiller said.
#Reuters #News #Entertainment #Tv


J&J names consumer health business Kenvue ahead of spin-off

The company has faced nearly 40,000 lawsuits alleging its baby powder and other talc products contained asbestos linked to mesothelioma and ovarian cancer in women who used it for personal hygiene. The business also houses Band-Aid bandages and Tylenol medicines and generated revenue of $14.6 billion in 2021.
#J&J #Aid #News #Health #Healthcare


Sterling slides after BOE jumps into gilt market, dollar marches on

Sterling tumbled again on Wednesday after the bank of England said it would step in to prop up the gilt market. The pound was last down 1.5% at $1.0583, and the euro jumped as high as $1.084. ING analysts reported that china's yuan extended losses to end the domestic session at its lowest level against the dollar.
#ING #England #News #Business #Markets

2 days ago

APPEC China's oil demand set to recover as COVID curbs ease

China's economy is recovering from a trough hit in the second quarter. Oil demand expected to rebound next year as china eases COVID-19 restrictions. The recovery will come on the back of an expected contraction in oil demand in 2022.
#Reuters #China #News #Business #Economy

2 days ago

Australian state unveils $40 bln clean energy plan to slash reliance on coal

The 10-year plan was the biggest commitment to renewable energy in Australia's history. It includes a new supergrid connecting solar, wind, battery and hydrogen generators across the state. The total planned investment out to 2035 would be shared between the public and private sectors.
#Reuters #Australian #Australia #News #Science #Enviornment

2 days ago

INDIA STOCKS Indian shares tipped to open lower as recession risks loom

India's stock futures listed on the Singapore exchange were down 1.1% as of 0216 GMT. MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.7%. Indian markets are expected to remain rangebound until the central bank's policy decision on Friday.
#INDIA #Indian #India #News #Business #Markets

2 days ago

Bank of England's Pill sees "significant" move, but only in November

The bank of England is likely to deliver a significant policy response to finance minister Kwasi Kwarteng's huge tax cuts. But it should wait until its next scheduled meeting in November before making its move. The financial market upheaval would have a big impact on the economy, he said.
#KwasiKwarteng #BankofEngland #News #Business #Markets

2 days ago

Silicon Valley’s post-Covid brain drain: podcast

75% of venture capital was invested in California, New York and Massachusetts. A hybrid working revolution is reversing that trend and encouraging permanent investment away from the coasts.
#Reuters #Covid #California #News #Business #Enterpreneurship

2 days ago

UK's Kwarteng tells city bosses he is confident his economic strategy will work

The pound touched an all-time low of $1.0327 on Monday and British government bonds sold off at a ferocious pace. Kwarteng said he was confident his economic strategy would work. He stressed the need for close cooperation with the Bank of England.
#Kwarteng #Reuters #British #News #Business #Markets

3 days ago

UK finance minister reiterates fiscal sustainability to City firms

Kwasi Kwarteng reiterated the government's commitment to fiscal sustainability. He will set out a package of regulatory reforms for the UK’s financial services sector to drive growth & incentivise investment.
#Reuters #News #Business #Markets

3 days ago

Europe's STOXX 600 climbs 1% after three-day selloff; Nexi shines

Eurozone's STOXX 600 index rose on Tuesday, led by automakers and travel stocks. The index lost 4.8% in the last three sessions after downbeat data on regional economic activity and policy tightening by several global central banks deepened fears of a recession.
#Nexi #Europe #News #Business #Markets

3 days ago

Optus under further fire for cyber breach, purported hacker claims data deleted

A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, on february 8, 2018. An anonymous online account believed to be that of the hackers said it was deleting stolen data and withdrawing a $1 million ransom demand. The 'optusdata' account holders posted they had deleted the data due to too many eyes and were sorry for having already leaked data of 10,200 Australians.
#Optus #Australians #Sydney #News #Technology #Mobile

3 days ago