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India's election enters fourth phase as rhetoric over religion, inequality sharpens May 12, 2024 10:00PM

By Rishika Sadam and Fayaz Bukhari

HYDERABAD/SRINAGAR, India (Reuters) -India voted on Monday in the fourth phase of a seven-week long general election, as campaign rhetoric became more strident over economic disparities and religious divisions.

The world's most populous nation began voting on April 19 in a seven-phase election in which nearly one billion people are eligible to vote, with ballots set to be counted on June 4.

... (continue reading...)
Aussie software firm Iress flags data breach at third-party platform May 12, 2024 09:37PM

(Reuters) - Australia's Iress Ltd over the weekend detected and contained an unauthorized access of the firm's space on a third-party platform which is used to manage its pre-production software code, the financial software firm said on Monday.

Iress said it does not store client information on the third-party platform - GitHub - and that there was no evidence that client data had been compromised.

Iress, which operates across Asia,... (continue reading...)


Japan on track to normalise monetary policy, says ruling party heavyweight May 12, 2024 09:15PM

By Makiko Yamazaki and Yoshifumi Takemoto

TOKYO (Reuters) - Japan is seeing conditions fall in place for the central bank to normalise monetary policy, ruling party heavyweight Katsunobu Kato told Reuters, underscoring growing political support for further interest rate hikes.

But Kato said the Bank of Japan (BOJ) must keep a close eye on economic conditions and coordinate carefully with the government in working out when to raise rates.

... (continue reading...)
Stocks climb, dollar dips as focus shifts to US inflation data May 12, 2024 09:10PM

By Caroline Valetkevitch

NEW YORK (Reuters) -Global stock indexes rose on Monday while the U.S. dollar edged lower, with investors awaiting this week's U.S. inflation data that is expected to be key for the outlook for U.S interest rates.

While the U.S. consumer prices report will likely take center stage, U.S. producer price data is also due this week, along with final reports on European inflation that should reinforce expectations for a... (continue reading...)


Dollar slips as market awaits key inflation data May 12, 2024 09:06PM

By Herbert Lash and Samuel Indyk

NEW YORK/LONDON (Reuters) -The dollar slid versus most major currencies on Monday amid expectations key U.S. data this week will show a slowing pace of inflation and consumer spending at a time of recovering European economies that also could be bolstered by interest rate cuts.

The dollar has outperformed this year on the narrative of U.S. exceptionalism, as much of the world was still in recovery mode from... (continue reading...)


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