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Wall Street ends higher as investors eye US midterms
Representative Image Wall Street ended higher on Tuesday during voting in midterm elections that will determine control of the U.S. Congress, with investors betting on a political stalemate that could prevent major policy changes. It was the third straight day of gains on the U.S. stock market, leaving the Dow Jones Industrial Average (.DJI) down less than […]
Deforestation surges in world’s no. 2 tropical forest
The pace of deforestation in the Congo Basin increased 5% in 2021 overall, the Amsterdam-based climate advisory said. November 11, 2022 / 11:15 AM IST Deforestation The world’s second largest tropical rainforest was chopped down at a faster rate last year, threatening to disrupt its role in cooling the planet, according to a new study […]
Asian shares edge up from near two-year lows as U.S. inflation data looms
Asian shares squeezed higher on Wednesday from close to two-year lows hit in the previous session while the dollar held steady, ahead of keenly awaited U.S. inflation data that will offer a guide to how aggressively the Federal Reserve will raise rates.
Trapped by markets and voters, Rishi Sunak faces ‘impossible’ budget
Rishi Sunak (Illustration by Suneesh K.) UK Prime Minister Rishi Sunak faces an extraordinary balancing act in his autumn budget next week. He needs to appease financial markets with a package of spending cuts and tax increases, while also winning over disgruntled voters. Sunak and Chancellor of the Exchequer Jeremy Hunt are currently making final […]
Asia stocks advance as investors await US midterm election results
Asian shares rose and the dollar wobbled on Wednesday as investors awaited U.S. inflation data as well as the results of the U.S. midterm elections that could signify a power shift in Washington. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.45% higher, while Japan’s Nikkei rose 0.2% and Australian stocks gained 0.70%. = […]
UK economy contracts in 2nd quarter as recession fear grows
The Office for National Statistics said Britain’s gross domestic product fell by 0.1% between April and June, down from 0.8% growth in the previous quarter. GDP shrank by 0.6% in June, and growth estimates for May were revised down from 0.5% to 0.4%.
Asian shares trim weekly losses, dollar steady near 20-year highs
Asian shares bounced on Friday, but were set for a second straight weekly loss and remained near June 2020 lows, while the dollar hovered near 20-year highs as investors digested worries about strong inflation and tightening central bank policy.
50% of companies worldwide planning job cuts amid economic downturn: Report
According to the latest PwC ‘Pulse: Managing business risks in 2022’ survey in the US, 50 per cent of respondents are reducing their overall headcount, even as business leaders remain concerned about hiring and retaining talent.
Asian shares tumble as global growth fears mount
Asian stocks tracked a steep Wall Street selloff on Thursday, as investors fretted over rising global inflation, China`s zero-COVID policy and the Ukraine war, while the safe-haven dollar held most of its strong overnight gains