Latest news with #AnkitaYadav
Mint
28-07-2025
- Business
- Mint
FX, stocks subdued as investors monitor trade developments, rate decisions
US agrees deal for 15% EU tariff; talks to resume with China Fitch upgrades rating on Turkey Interest rate decisions in US, South Africa this week MSCI EM stocks, FX indexes muted By Ankita Yadav and Purvi Agarwal July 28 (Reuters) - Most emerging market currencies moved lower and stocks were little changed on Monday, as investors shifted their attention to a slew of central bank decisions and U.S. economic data while monitoring trade negotiations ahead of the August 1 deadline. The U.S. struck a framework agreement with the European Union on Sunday, imposing a 15% tariff on most EU goods, less than half of the initial proposed rate. "The deal is better than the 30%-50% tariff rates threatened over the last couple of months, although it is probably as bad as the universal tariff rates being discussed late last year," said Chris Turner, global head of financial market research at ING. "But given that a deal close to this one was heavily rumoured last week, it may be no surprise then that FX markets have not done much overnight." The dollar index, that logged declines last week, was trading up 0.5%, pressuring most EM currencies. Many currencies in Asia weakened against the dollar, while South Africa's rand was down 0.6%. The lira was little changed. Credit ratings agency Moody's upgraded Turkey's rating to "Ba3" from "B1" on Friday, citing improving monetary policy credibility, easing inflation and reduced economic imbalances. Currencies in emerging Europe were largely muted against the euro, with the most significant move being a 0.3% drop in the Polish zloty. Separately, the U.S. and China were looking to extended their tariff truce by another 90 days, ahead of China's August 12 deadline, paving the way for trade talks to resume between the countries. Trade optimism, after the U.S. clinched deals with Japan and other trading partners, had allowed investors to take on more risk last week, with MSCI's measures of currencies and stocks logging weekly gains. Interest-rate decisions in the U.S., Brazil, South Africa, among others, and a barrage of U.S. economic data, including payrolls and the personal consumption expenditure, will set the tone for markets this week. Investors will be watching for any indications of U.S. President Donald Trump's tariffs impacting the world's biggest economy, after an inflation report earlier this month showed some signs of tariff pass-through. MSCI's EM currency gauge was down 0.2%, while the stocks measure was down 0.1%. Stocks in Poland fell 0.8%, while they were down 0.6% in Turkey. These declines were limited by gains in Hungarian stocks , up 0.1%, and many heavyweight Asian equities. South African stocks were flat. Meanwhile, the International Monetary Fund's executive board completed a fifth review of Zambia's loan programme, unlocking another $184 million disbursement for the country. ** China's industrial profits fall further in June ** Malaysia's economy projected to grow 4% to 4.8% this year, central bank says ** Israel announces daily pauses in Gaza fighting as aid airdrops begin For TOP NEWS across emerging markets For CENTRAL EUROPE market report, see For TURKISH market report, see For RUSSIAN market report, see (Reporting by Ankita Yadav and Purvi Agarwal in Bengaluru; Editing by Shilpi Majumdar)
Yahoo
16-07-2025
- Business
- Yahoo
UK stocks muted as inflation data dims interest rate cut bets
By Ankita Yadav (Reuters) -London's main stock indexes were subdued on Wednesday, as a stronger-than-expected rise in domestic inflation slightly cooled bets of interest rate cuts from the Bank of England. The blue-chip FTSE 100 was up 0.2% as of 1035 GMT, while the midcap FTSE 250 index was flat. Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, as higher costs of motor fuel, transport and food pushed up prices. "There is a real threat of stagflation as the rate of inflation moves higher and the economy is stuck in the mud. It puts the Bank of England in a tricky situation with regards to monetary policy decisions," said Dan Coatsworth, investment analyst at AJ Bell. The central bank is largely expected to cut interest rates by a quarter-point in August after recent economic data fuelled concerns of weaker domestic growth and labour market, but the chances of such a move dimmed after Wednesday's inflation data. The BoE will closely watch the employment and wages figures due on Thursday. Meanwhile, UK finance minister Rachel Reeves on Tuesday announced measures to boost the finance sector, including reforming requirements for banks to separate retail and investment banking activities, easing regulations and a plan to get more savers investing in stocks. In corporate updates, AstraZeneca fell 1.1% after the drugmaker's experimental therapy, anselamimab, failed to meet the main goal of a late-stage study for the treatment of AL amyloidosis, a rare condition that causes a buildup of protein deposits in the body. Rio Tinto rose 1.3% after the mining giant reported its strongest second-quarter iron ore production since 2018, a day after promoting its iron ore chief Simon Trott to CEO. Antofagasta edged up 0.5% after the Chilean miner said its copper production rose 11% in the first half of 2025, on improved output from its two concentrators.
Time of India
04-07-2025
- Time of India
Prayagraj girl poses with firearms on social media, booked
Prayagraj: Prayagraj police have booked a 24-year-old girl local girl after photos and videos of her posing with firearms surfaced on social media. The girl, identified as Ankita Yadav of Tularambagh (Georgetown), had uploaded content on social media account under title "Yaduvanshi Sherni" asking her followers to call her during any crisis, as her group was available to help round-the-clock. DCP (City) Abhishek Bharti told TOI that police came to know about her when a netizen alerted the cops through his X handle. He said Yadav posed with guns to impress her peers. "An FIR under section 30 of the Arms Act was lodged at Georgetown police station and police was compiling evidence to grill Yadav. Further legal action will be initiated accordingly," he said. The DCP added a probe will be conducted about the validity of weapons and ascertain the identity of the licence holder. "If the arms are licenced, the cancellation process would be initiated as per norms," the DCP said.
