Stories for you
- NewsReuters
Rupee faces downward pressure after India strikes Pakistan; RBI action watched
MUMBAI (Reuters) -The India rupee is poised to decline at open on Wednesday after military action by India against Pakistan heightened cross-border tensions. The initial market reaction "understandably" reflects caution and worries over the potential for a further escalation, a currency trader at a Mumbai-based bank said. "You can be sure the RBI (Reserve Bank of India) will intervene if there's any sign of disorderly moves," said a trader at a private bank.
2-min read - NewsAFP News
Tobacco town thrives as China struggles to kick the habit
Visitors mill around a bright red hilltop pagoda in southwestern China, gazing down at a sprawling cigarette factory whose deadly output has put an otherwise unremarkable city on the map.Named for a centuries-old pagoda painted scarlet after the country's communist takeover, it is owned by state-run monopoly the China National Tobacco Corporation and offers visitors factory tours, a museum and a tobacco-themed cultural park.
4-min read - NewsReuters
Asian airlines re-route, cancel flights due to India-Pakistan fighting
Some Asian airlines on Wednesday said they were re-routing or cancelling flights to and from Europe because of fighting between India and Pakistan. India attacked Pakistan and Pakistani Kashmir and Pakistan said it had shot down five Indian fighter jets in the worst fighting in more than two decades between the nuclear-armed enemies. Taiwan's EVA Air said that it will adjust its flights to and from Europe to avoid airspace affected by fighting between India and Pakistan for safety reasons.
1-min read - BusinessReuters
Gold slips on US-China trade talk hopes; traders eye Fed policy
Gold prices retreated on Wednesday as optimism over potential U.S.-China trade talks weakened demand for safe-haven assets, while investors braced for the Federal Reserve's policy meeting later in the day. "Gold seems to be pulling back amid a broad-based "risk on" move across markets ... this is a pro-cyclical configuration that might echo optimism amid clues that the U.S. and China have started real trade negotiations," said Ilya Spivak, head of global macro at Tastylive. U.S. Treasury Secre
2-min read - NewsAFP News
Merz elected German chancellor after surprise setback
Germany's conservative leader Friedrich Merz was due to travel to Paris and Warsaw on Wednesday after winning a nail-biting second parliamentary vote to become chancellor following a first-round setback."Germany has been quite reticent in recent months due to the transition from one government to another," Merz told public broadcaster ZDF, before adding that he planned to "consult intensively" with London and Paris from now.
4-min read - LifestyleAFP News
Indonesia's silvermen beg to make ends meet
On a rainy day in Indonesia's capital Jakarta, three men coated in metallic paint known as the "manusia silver", or silvermen, brave the elements at an intersection near a mall to ask drivers for change.When the cars come to a stop they strike robotic poses in front of the drivers.
3-min read - NewsAFP News
Venezuelan opposition figures 'rescued', now in US: Rubio
Five Venezuelan opposition figures who have been holed up in Argentina's embassy in Caracas for more than a year are now in the United States after a "rescue" operation, Secretary of State Marco Rubio said Tuesday."The US welcomes the successful rescue of all hostages held by the Maduro regime at the Argentinian Embassy in Caracas," Rubio wrote on X. "Following a precise operation, all hostages are now safely on US soil," he added.
3-min read
