[ad_1] WELLINGTON (Reuters) – New Zealand’s central bank stunned markets on Wednesday by cutting interest rates a steep 50 basis points and even flagged the risk of going nuclear by taking rates below zero, a
Nifty, Sensex little changed ahead of RBI policy decision
[ad_1] BENGALURU (Reuters) – Indian shares were little changed on a volatile Wednesday as investors awaited the central bank’s monetary policy decision, where it is expected to cut interest rates by 25 basis points. Brokers
India’s inflation likely edged up to nine-month high in July: Reuters poll
[ad_1] BENGALURU (Reuters) – India’s retail inflation rose for the sixth straight month in July – the longest stretch of monthly increases since January 2016 – to a nine-month high, largely due to a continued
Rupee forecast to bounce back from recent drubbing: Reuters poll
[ad_1] BENGALURU (Reuters) – India’s rupee will recoup this year’s losses against the dollar over the coming 12 months, according to market strategists polled by Reuters, who said the issuance of sovereign bonds in foreign
Fragile calm returns to stock markets as yuan steadies
[ad_1] TOKYO (Reuters) – Asian shares steadied slightly on Wednesday as investors caught their breath from a searing week-long selloff, with steps taken by Chinese authorities to contain a sliding yuan helping calm fears of
Oil prices drop as U.S.-China trade dispute stokes demand worries
[ad_1] SEOUL (Reuters) – Oil fell on Wednesday as the intensifying Sino-U.S. trade dispute stoked worries over demand, although a drop in U.S. crude inventories offered some support to prices. FILE PHOTO: An oil pump
New York retail icon Barneys files for bankruptcy
[ad_1] NEW YORK/PARIS (Reuters) – Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, pushed to the brink by falling revenue and soaring rent at its stores that
Disney earnings miss forecasts as costs rise for its streaming future
[ad_1] (Reuters) – Walt Disney Co (DIS.N) reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into its ambitious plunge into streaming media and began folding in assets
Wall Street climbs more than 1% after China moves on yuan
[ad_1] NEW YORK (Reuters) – U.S. stocks jumped more than 1 percent on Tuesday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilize the yuan, easing concerns that currencies
Disney profit misses expectations, shares fall 5%
[ad_1] FILE PHOTO: A screen shows the logo and a ticker symbol for the Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan