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South Korea's Kospi share index falls 6% and other Asian shares are mixed as oil prices surge

South Korea's Kospi share index falls 6% and other Asian shares are mixed as oil prices surge

Asian shares are mixed, while South Korea’s Kospi share index fell 6% on prolonged selling of chipmaking shares
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US markets mixed ahead of Fed decision and oil prices jump as Middle East violence flares

US markets mixed ahead of Fed decision and oil prices jump as Middle East violence flares

Markets on Wall Street were mixed before the opening bell and oil prices jumped more than 4% after Jordan and the U.S. knocked down another Iranian barrage launched against American forces in the Middle East
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India's June industrial output grows fastest in nearly two years on manufacturing boost

India's June industrial output grows fastest in nearly two years on manufacturing boost

By Shubham Batra NEW DELHI, July 28 (Reuters) - India's industrial output grew 7.3% in June, its fastest pace since July 2024, data showed on Tuesday, driven by strong manufacturing activity on increased government spending and continued expansion in electricity generation.
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World shares are mixed and South Korea's Kospi share index falls 6%, while oil prices surge

World shares are mixed and South Korea's Kospi share index falls 6%, while oil prices surge

Shares in Europe and Asia are mixed, while South Korea’s Kospi share index fell 6% in another bout of selling of chipmaking shares
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India's Industrial Output Accelerates with Manufacturing and Electricity Growth

India's Industrial Output Accelerates with Manufacturing and Electricity Growth

India's industrial output increased by 7.3% in June 2026, up from 5.1% in May, driven by significant growth in manufacturing and electricity supply. The Ministry of Statistics and Programme Implementation (MoSPI) reported that manufacturing expanded by 7.8%, while electricity and gas supply grew by 10.6%. The mining sector saw a modest increase, and water supply improved gradually. The methodology for compiling the industrial output index was revised, adopting the Output Producer Price Index (Output PPI) as the deflator, enhancing measurement precision.
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Mondelez International Reports Q2 Growth Driven by Emerging Markets Amid European Decline

Mondelez International Reports Q2 Growth Driven by Emerging Markets Amid European Decline

Mondelez International Reports Q2 Growth Driven by Emerging Markets Amid European Decline
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IMF Lowers Global Growth Forecast for 2026 Amid Middle East Conflict and Energy Disruptions

IMF Lowers Global Growth Forecast for 2026 Amid Middle East Conflict and Energy Disruptions

The International Monetary Fund (IMF) has revised its global growth forecast for 2026 down to 3%, a slight decrease from the previously projected 3.1%. This adjustment is primarily due to the ongoing conflict in the Middle East and associated energy disruptions. Despite these challenges, the demand for artificial intelligence (AI) and technology has provided some offsetting benefits, particularly for economies heavily involved in the tech sector. The IMF also raised its global inflation forecast for 2026 to 4.7%, driven by a 25% increase in energy prices. The report suggests that while the global economy has not yet entered a recession, its resilience is contingent on energy stability and the productive integration of AI investments.
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India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

By Vivek Mishra and Anant Chandak BENGALURU, July 28 (Reuters) - India's economic growth is expected to slow sharply this fiscal year from last year's robust expansion and recover only modestly the following year, a Reuters poll of economists found, as weak private investment and higher oil prices
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Stocks open higher on Wall Street and crude oil prices drop 6% as Mideast tensions cool

Stocks open higher on Wall Street and crude oil prices drop 6% as Mideast tensions cool

Stocks are opening higher on Wall Street and oil prices are down 6% after the U.S. and Iran paused their attacks while work resumed on restarting negotiations to end the war
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Oil prices sink 5% and Asian shares gain as Chinese chipmaker CXMT soars in Shanghai trading debut

Oil prices sink 5% and Asian shares gain as Chinese chipmaker CXMT soars in Shanghai trading debut

Shares are mostly higher in Asia and oil prices have slipped more than 5% after the U.S. and Iran paused their attacks for a second night
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Emerging markets stare at inflation risks as powerful El Niño looms

Emerging markets stare at inflation risks as powerful El Niño looms

By Siddarth S and Johann M Cherian July 27 (Reuters) - Emerging economies already strained by the Middle East conflict face a new threat: a potentially powerful El Niño that could push up food prices and slow growth. The U.S.
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Oil prices sink nearly 7% and world shares gain as Chinese chipmaker CXMT soars in Shanghai debut

Oil prices sink nearly 7% and world shares gain as Chinese chipmaker CXMT soars in Shanghai debut

Shares are mostly higher in Europe and Asia and oil prices have plunged nearly 7% after the U.S. and Iran paused their attacks while work resumed on a possible resumption of negotiations to end the war