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Treasury yields highest in over a decade before Fed meeting; dollar gains

The benchmark 10-year Treasury yield hit its highest in over a decade on Monday and the dollar strengthened as investors were on edge before an expected hefty Fed interest rate hike

Maharashtra set to produce record sugar levels in new crop season

Higher production will weigh on local prices and may prompt New Delhi to allow sugar exports in the 2022/23 marketing year starting from Oct. 1. Indian exports could weigh on global sugar prices.

SBI asks exporters to trade with Bangladesh in rupee, taka: Report

"The country is facing a shortage of foreign currency due to higher import bills and weaknesses of Bangladeshi taka against dollar in recent times," the SBI said

Zelenskyy vows no let-up as Ukraine troops cross key river in northeast

Crossing the Oskil River is another important milestone in Ukraine's counter-offensive in the northeastern Kharkiv region

US forces will defend Taiwan against China invasion, says Joe Biden

Reacting to Biden's interview with CBS News, Chinese Foreign Ministry spokesperson Mao Ning said the remarks seriously violated the 'one China' policy and three joint communiques related to Taiwan

Queen Elizabeth's coffin lowered into vault ahead of private burial

Hundreds of thousands of well-wishers lined the route her hearse took from London, throwing flowers, cheering and clapping as it passed from the city to the English countryside that she so loved much

Wall Street slips on rate-hike jitters; Nasdaq down 0.5%

All eyes on Fed policy decision on Wednesday; traders price in small chance of 100 bps rate hike

Hurricane Fiona slams Dominican Republic after lashing Puerto Rico

Fiona brought down trees, power lines and advertisements in the towns of Punta Cana, La Romana and El Seibo in the eastern part of the Dominican Republic during the early hours of Monday

India's Aug crude imports fall 13% on monthly basis on monsoon demand lull

Crude imports last month fell to 17.55 mn tons from July, data from Petroleum Planning and Analysis Cell showed. But, imports in August were up 0.9%, compared with corresponding period last year

Gold prices languish near 29-month low in run-up to US Fed meeting

Spot gold slid 0.7% to $1,663.55 an ounce by 10:11 a.m. ET (1411 GMT), holding above its lowest since April 2020 hit on Friday.

India spending forex reserves at quicker pace than during taper tantrum

The Reserve Bank of India has sold a net of $38.8 billion from its forex reserves between January and July this year, data released on Friday showed

Oil prices fall more than 1.5% on demand fears and strong dollar

Brent crude for November delivery fell $1.49, or 1.6%, to $89.86 a barrel by 1002 GMT. U.S. West Texas Intermediate (WTI) for October dropped $1.57, or 1.8%, to $83.54.

Google faces pressure in India to help curb illegal lending apps: Report

While RBI requires that any lending apps listed on app stores be backed by regulated entities, it is up to Google to enforce this and monitor compliance

Morgan Stanley revises rate call on RBI to 50 bps on sticky inflation

In the RBI's monthly bulletin released late Friday, the central bank said it will have to front-load its monetary policy to fight high inflation and shield medium-term growth.

China lodges complaint after Biden vows to help Taiwan during invasion

China reserves the right to take all necessary measures in response to activities that split the nation apart, said Mao Ning, spokesperson at the foreign ministry

Dollar off 20-year peak as Fed headlines a dozen central bank decisions

The dollar held about 1% below a two-decade peak versus major peers at the start of a week that sees some dozen central bank decisions, headlined by the Federal Reserve on Wednesday

In a first, EU moves to cut money for Hungary over damaging democracy

EU executive proposes taking 7.5 billion euros from Hungary; 27 EU countries have three months to decide, no veto; Hungary pledges to meet all commitments to unlock EU funds

Pakistan will 'absolutely not' default on debts despite floods: FinMin

No default coming, says Finance Minister Miftah Ismail who expects current account deficit widening to be capped at $2 bn; Ismail says $5-bn investment from UAE, Qatar, Saudi coming this fiscal year

As US markets churn, investors hide in cash despite surging inflation

Fund managers increased their average cash balances to 6.1% in September, the highest level in more than two decades, a widely followed survey from BofA Global Research showed

Super typhoon Nanmadol bears down on Japan's Kyushu island

The 14th typhoon of the season, which has weakened as it approaches Kyushu, is bringing record rainfall, the JMA said, warning of the risk of overflowing rivers.