Tag: cent
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Wall Street dips, oil continues climb ahead of US inflation data
LONDON/WASHINGTON, Sept 10 : Nervy markets were waiting for key U.S. inflation data on Thursday after the ECB lifted its interest rates for a second time this year and oil held above $100 a barrel following U.S. and Iranian tanker missile strikes in the Strait of Hormuz.Oil prices remained a concern for inves
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India gets one of world’s steepest iPhone price hikes
BENGALURU, Sept 10 : Apple raised prices on its existing iPhone lineup in India by as much as 41 per cent within hours of unveiling newer models, bucking its usual practice of discounting older variants and marking one of the steepest hikes in any market where it has repriced this year.While Apple also raised
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BOJ policymaker warns of price risks that may trigger rapid rate hikes
FUKUI, Japan, Sept 10 : The Bank of Japan may eventually be forced to raise interest rates rapidly if inflation accelerates given the country’s loose financial conditions, board member Kazuyuki Masu said, warning of price risks that solidify the chance of a September hike.In a closely watched speech ahead of
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Two-thirds of Japan firms support PM Takaichi’s economic policies: Reuters poll
TOKYO, Sept 10 : More than two-thirds of Japanese firms support Prime Minister Sanae Takaichi’s economic policies, backing the government’s push to spur investment in AI, semiconductors and other areas of strong growth potential, a Reuters survey showed on Thursday.The share of Japanese companies that want Ta
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BOJ to raise rates to 1.25% this month, reach 1.75% faster than expected: Reuters poll
TOKYO, Sept 10 : The Bank of Japan will hike interest rates to 1.25 per cent on September 18 and then to 1.75 per cent in the second quarter of 2027 — earlier than previously thought — a Reuters poll showed, amid persistent concerns over broadening price pressures and yen weakness.More than 80 per cent…
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Dollar trades near 7-month low against yen as oil settles above $100
NEW YORK, Sept 9 : The dollar traded near a seven-month low against the yen on Wednesday as oil prices settled above $100 a barrel amid an escalating conflict in the Middle East, while investors positioned for central bank meetings next week.The U.S. currency has come under pressure largely due to the yen’s
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Trading Day: $100 oil bites
ORLANDO, Florida, Sept 9 : Stocks around the world fell on Wednesday as entrenched conflict in the Middle East pushed oil prices above $100 a barrel, while bond yields rose to fresh multi-year highs as investors reacted negatively to the U.S. Treasury’s plan to triple bond buybacks. In my column today, I loo
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Oil, Treasury yields turn higher as stocks falter
Sept 9 : Brent crude prices surged past $100 a barrel on Wednesday and the yield on 10-year Treasury debt hit its highest level since November 2023, as Middle East and inflation concerns weighed down Wall Street.Brent crude was at $100.27 per barrel in midday trading, up 2.4 per cent on the day, breaching th
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Dollar hovers near seven-month low vs yen as oil tops $100
NEW YORK, Sept 9 : The dollar hovered near a seven-month low against the yen on Wednesday as oil prices climbed above $100 a barrel amid an escalating conflict in the Middle East, while investors positioned for central bank meetings next week.The U.S. currency has come under pressure largely due to the yen’s
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Middle East tensions drive oil over $100, Wall Street drops
Sept 9 : Brent crude prices surged past $100 a barrel on Wednesday and Wall Street opened lower, as escalating conflict in the Middle East fuelled worries about energy-driven inflation ahead of several major central bank decisions.Brent crude futures rose as much as 3 per cent to a session high of $100.95, br
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