Gold Edges Higher as Oil Slips, Dollar Stays Subdued; BOJ in Focus
Gold inched up on lower oil prices and a subdued dollar, while markets weighed Middle East risks, Fed tightening and a BOJ rate move.
Business
Asian Stocks Climb as Oil Slips; Yen Steadies Before BOJ Rate Call
Asian equities advanced and Brent fell 1% as traders awaited a widely expected Bank of Japan rate hike, with the yen softening to 156.23 per dollar.
Miners Drive ASX Higher as RBA Flags Mounting Inflation Risks
Australian shares rose 0.3% on mining strength, while RBA Governor Michele Bullock warned inflation risks are building ahead of the central bank's September 29 meeting.
El Nino Pushes India Toward Driest Monsoon in 17 Years
India faces its driest monsoon in 17 years with rainfall 15% below normal, as a strengthening El Nino threatens crops and food inflation.
Vietnam Braces for FTSE Emerging-Market Upgrade as Foreign Funds Return
Vietnam's expected FTSE Russell upgrade to secondary emerging market status has revived foreign buying, with an estimated $6 billion in inflows possible over the transition through 2027.
Oil slips for third session as traders weigh Saudi pipeline damage
Brent and WTI each fell about 1% as traders bet on alternate routes, even as three pumping stations on Saudi Arabia's East-West pipeline were confirmed damaged.
Nikkei gains 1% as tech shares rally ahead of BOJ rate call
Japan's Nikkei rose 1% to 64,786.86 as AI and chip stocks tracked a tech-led rally on Wall Street, with the BOJ's expected rate hike already priced in.
Yen Slips Ahead of BOJ Decision as Markets Price In Rate Hike
The yen weakened in Asian trade as markets awaited a widely expected Bank of Japan rate hike, while the dollar held steady and sterling sat at a 2-1/2-month low.
JGB Yields Slip for Third Session as Markets Await BOJ Rate Call
Japanese government bond yields declined for a third straight session as investors awaited the Bank of Japan's policy decision and Governor Kazuo Ueda's briefing.
Jana Partners pushes Cooper Cos to replace CEO and weigh asset sales
Jana Partners has urged Cooper Cos to replace its CEO, appoint a new board chair and consider selling parts of the business.
HAL to widen private role in aerospace ecosystem as Tejas engine delays persist
HAL is expanding private participation in aerospace manufacturing while managing Tejas engine delays and preparing a Friday handover of trainers and Dhruv NG helicopters.
Japan core inflation holds near 2% as BOJ weighs rate hike
Japan's core inflation stayed near the BOJ's 2% target in August, reinforcing expectations of a near-term interest rate increase.
Gold Climbs Over 1% as Markets Absorb Fed Rate Hike, Oil Rally Fades
Gold rebounded over 1% as investors weighed the Fed's rate hike and hawkish outlook, while oil slipped on easing supply concerns.
Fed's First Rate Hike in Over Three Years Lifts Asian Shares, Dollar Hits Seven-Week High
Asian shares edged up and the dollar touched a seven-week high after the Fed delivered its first rate hike in more than three years, with markets pricing in another move by December.
Dollar Hits Seven-Week High as Hawkish Fed Turns Focus to BOJ
The dollar scaled a seven-week peak after the Fed hiked rates and signalled more tightening, with the BOE and BOJ decisions now in focus.
Malaysia Weighs Rival Airlines as AirAsia's Finances Come Under Strain
Malaysia is exploring contingency options for AirAsia's domestic routes as the low-cost carrier grapples with fuel costs, losses and a large debt to MAHB.
Gold Edges Up From Six-Week Low as Markets Digest Fed Rate Hike
Gold prices rose 0.5% to $4,283.45 an ounce after touching a near six-week low, as investors weighed the Fed's latest rate increase and its hawkish guidance.
CII Chief Mukundan Says India Inc Ready for Any Tariff Scenario, But US Tariffs Cannot Be Permanent
CII president Ramakrishnan Mukundan says Indian industry is prepared for any tariff scenario but stresses that US tariffs cannot remain permanent, urging sustained bilateral engagement.
Zero-MDR model under review as UPI costs outpace government support
M. Nagaraju, former DFS secretary, says the zero-MDR model is being reassessed as UPI volumes surge and ecosystem costs outstrip government support.
Malaysia Weighs AirAsia Contingency as Rival Carriers Sound Out Route Absorption
Malaysia has held talks with Malaysia Airlines and Batik Air about absorbing AirAsia's domestic routes as authorities monitor the carrier's finances.