Argentina Economy Forecast to Extend Recession in Q2

BUENOS AIRES, Reuters Argentina39;s economy likely shrank 1.4 in the second quarter versus a year earlier, a Reuters poll showed on Monday, the fifth such decline as a recession deepens under a tough austerity drive by libertarian President Javier Milei. That median GDP estimate from 15 analysts polled by Reuters for the AprilJune period would follow […]
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Indias August Wholesale Price Index Rises 1.31 OnYear

NEW DELHI, Sept 17 Reuters India39;s wholesale price index rose 1.31 in August from a year earlier, government data released on Tuesday showed. Economists polled by Reuters had estimated wholesale price inflation at 1.85 in August. Inflation was at 2.04 in July. Food prices rose 3.26 yearonyear from a 3.55 increase in July. Cereal prices rose […]
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Asian Bonds Attract Massive Inflows in Aug on Fed Easing Hopes

Sept 16 Reuters Asian bonds attracted foreign inflows for a fourth successive month in August on optimism that the U.S. Federal Reserve will start easing interest rates in September. Overseas investors made substantial purchases of regional bonds in Indonesia, India, Malaysia, South Korea and Thailand, totalling a net 14.06 billion in August the largest monthly […]
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Rupee Faces Resistance on Dollar Buying by StateRun Banks

MUMBAI, Sept 17 Reuters The Indian rupee faced resistance on Tuesday following a rise driven by the U.S. dollar39;s struggles a day ahead of the Federal Reserve39;s highly anticipated interest rate decision. The rupee was at 83.84 to the U.S. dollar at 1028 a.m. IST, compared with 83.8875 in the previous session. The dollarrupee pair […]
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Dollar Pinned Sown by 50 bp Fed Cut Wagers

SINGAPORE, Sept 17 Reuters The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected start to a U.S. easing cycle that markets are betting may begin with an outsized rate cut. The euro hovered around 1.1123 in the Asia session, not far from the year39;s high of […]
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