NEW DELHI: India's oil imports from Iran surged to about 705,000 barrels per day (bpd) in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of fresh US sanctions. From June India's oil imports from Iran could drop because at least...
NEW YORK: The dollar steadied against a basket of currencies on Tuesday as data showed US consumer prices rose in May, matching analysts' forecasts and reinforcing the view the Federal Reserve would raise short-term interest rates gradually. US consumer prices rose marginally in May amid a slowdown in the pace...
NEW YORK: The US dollar rallied against a basket of major currencies on Tuesday to its highest since December, helped by a rise in US Treasury yields and as data showed US retail sales increased moderately in April. The dollar index, which measures the greenback against a basket of six...
NEW YORK: The US dollar rose to its highest level this year against a basket of currencies on Tuesday due to worries about political turmoil in Italy before paring some gains on a US decision to withdraw from the international nuclear deal with Iran. The dollar's run-up stalled ahead of...
LONDON: The dollar consolidated above the 92.50 line on Friday against a basket of its rivals, rounding off a third week of solid gains as widening interest rate differentials supported the greenback. With the US Federal Reserve staying the course in looking to raise interest rates at least three more...
NEW YORK: The US dollar surged into positive territory for 2018 on Tuesday and broke past key levels against several currencies as a divergence between growth and the interest rate outlook versus other countries spurred investors to chase the currency higher. The dollar, traded against a basket of major currencies,...
LONDON: Copper edged up on Monday on expectations of higher demand from top consumer China after a report showed a resilient economy despite a modest monthly decline in manufacturing activity. Benchmark copper rose 0.5 percent to $6,829 per tonne by 1050 GMT, edging away from a two-week low touched on...
NEW YORK: The dollar fell against a basket of currencies on Monday, on persistent worries about a potential trade conflict between the United States and China and as the euro rose following comments from European Central Bank President Mario Draghi that were deemed supportive of the common currency. The dollar...
LONDON: Gold retreated on Monday, erasing the previous session's slim gains as fading concern over potential escalation in the trade stand-off between China and the United States sparked a recovery in cyclical assets such as stocks at bullion's expense. Gold rose half a percent on Friday as simmering worries over...
NEW YORK: The dollar fell for a second straight session on Monday in generally thin trading as China imposed extra tariffs on US products, escalating a dispute between the world's biggest economies. Volume was light as some European markets are closed for the Easter Monday holiday. "Broader market sentiment was dampened...
BENGALURU: Gold prices rose on Monday as the dollar eased amid renewed concerns over a trade war after China imposed additional tariffs on US products in response to US duties on imports of aluminium and steel. After falling in the past three trading sessions, spot gold edged up 0.5 percent...