Page 1052 - Reuters

Global stocks set for a correction as rally fizzles, say analysts

The spread of the Delta variant of the coronavirus and the U.S. Federal Reserve's pending plans to taper its asset purchases are likely to leave equity markets exposed to turbulence

Gold falls as dollar inches higher, caution ahead of Jackson Hole

Spot gold fell 0.3% to $1,784.82 per ounce by 0705 GMT, while U.S. gold futures fell 0.3% to $1,785.00.

Asian shares spooked by Delta variant's spread as Jackson Hole looms

Investors are mostly waiting for the Federal Reserve's Jackson Hole symposium on Friday and what central bank chair Jerome Powell might say about U.S. tapering monetary stimulus

GDP growth likely touched record in April-June, riding on weak base: Poll

Reuters poll of 41 economists confirmed gross home product rose 20.0% in the three-month interval, in contrast with a record contraction of 24.4% in the identical quarter a year earlier

India revenue secretary says open to 'tinkering' tax rates on automobiles

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automaker

Oil edges higher on US fuel demand, extends rally for third session

The four-week average for US total product supplied, a proxy for fuel demand, soared to nearly 21 million barrels per day, its highest since March 2020

Gold eases as dollar halts slide, focus on Jackson Hole

Gold jumped 1.4% on Monday to the highest in nearly three weeks, driven by a broad retreat in the dollar this week

Wall St to hold fire in record high territory, ahead of Fed chief's speech

S&P 500 and Nasdaq 100 futures were narrowly mixed after the S&P stock index posted its 50th record high close of the year on Tuesday, buoyed by positive news on Covid-19 vaccines

India's new LNG plant starts next year, to boost import capacity by 12%

New demand for LNG from India is expected to support Asian gas prices which rose to record highs earlier this year, partly aided by the transition from coal or oil to gas in developing countries.

Xiaomi revenue surges record 64% as global phone sales rise

Net income reached 6.32 billion yuan, up 87.4% year on year and above analyst expectations.

Subdued investors keep powder dry ahead of Jerome Powell's speech

The STOXX index of 600 European companies, nudged 0.15% higher to 472.51 points, less than four points from its record high from earlier this month

India's liquidity-driven stock market rally to dry out next year

Ultra-easy monetary policy from the Reserve Bank of India was the primary domestic driver of that rally

Maritime claims: US, China accuse each other of 'bullying' nations

Speaking in Hanoi on Wednesday, Harris said there was a need to increase pressure on Beijing over its maritime claims

South Korea likely to curb Google and Apple commission dominance

The parliament's legislation and judiciary committee is expected on Tuesday to approve the amendment of the Telecommunications Business Act, dubbed the "Anti-Google law"

Dollar slips further as oil prices jump, commodity currencies gain

The dollar index, which measures the greenback against a basket of six currencies, fell 0.091% to 92.903.

Wall Street Update: S&P 500, Nasdaq hit record highs on recovery optimism

Energy, travel shares rise on improving demand hopes; Best Buy gains on raising full-year sales forecast

With full vaccine approval, US could control Covid by spring 2022: Fauci

Fauci, President Biden's top medical officer and head of the National Institutes of Allergy and Infectious Diseases, told MSNBC he expects Moderna, Johnson & Johnson to secure full FDA approval

Delta cases show 300 times higher viral load: South Korea study

The higher load https means the virus spreads far more easily from person to person, increasing infections and hospitalisations, a health ministry official Lee Sang-won told a news conference.

Dollar holds near five-day low as commodity currencies gain

Rising Covid-19 infections caused by the highly contagious Delta variant have fuelled concerns about the recovery from the global health crisis

Samsung to invest $206 billion by 2023 for post-pandemic growth

Samsung Electronics, the world's largest memory chip maker, said the group plans to solidify technology and market leadership through mergers and acquisitions