India’s mid and small cap stocks risk abrupt corrections, warn analysts

By Bharath Rajeswaran BENGALURU (Reuters) – A roaring rally in mid- and small-cap stocks listed on Indian bourses could see abrupt corrections, as many of them trade at near or record highs even though overall consumption demand remains sluggish, at least six analysts said. The Nifty mid-cap 100 index has hit fresh all-time highs in…

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Russia says Biden calling Xi a ‘dictator’ shows US is erratic

MOSCOW (Reuters) -Russia said on Wednesday that U.S. President Joe Biden’s reference to his Chinese counterpart Xi Jinping as a dictator showed U.S. foreign policy was inconsistent and erratic. At a fundraiser in California on Tuesday, Biden discussed a a Chinese spy balloon the United States shot down earlier this year, saying Xi had become…

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Tesla’s Musk says eyeing significant India investments after meeting Modi

By Hyunjoo Jin and Shivangi Acharya SAN FRANCISCO/NEW DELHI (Reuters) -Tesla chief executive Elon Musk said India’s Prime Minister Narendra Modi was pushing the car maker to make a “significant investment” in the country, adding that such an announcement was expected soon. His comments came after a meeting with Modi on Tuesday during the Indian…

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Analysis-US Treasury bond spree could jolt markets if leveraged bets unravel

By Davide Barbuscia NEW YORK (Reuters) – An expected surge in Treasury bill issuance could throw a wrench into the gears of hedge fund trades that have resulted in record short positions, potentially disrupting bond markets if speculators quickly unwind their holdings. In recent weeks, hedge funds have taken significant short leveraged positions in some…

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Russian ally Belarus starts ‘mobilisation exercises’

(Reuters) – Belarus, an ally of Russia in the war with Ukraine, said on Wednesday that its armed forces were beginning 10 days of annual “mobilisation exercises”. The Belarus defence ministry said the exercises were aimed at assessing the degree of preparation of state institutions to mobilise reservists. All Belarusian men must perform military service,…

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Two killed in Canada air force helicopter crash into Ottawa river

OTTAWA (Reuters) -A Canadian air force helicopter crashed into the Ottawa River early on Tuesday, killing two armed forces members and two others on board have been recovered and are in hospital, Prime Minister Justin Trudeau said. Trudeau said he spoke with Canada’s Chief of Defence Staff to express “condolences to the families and colleagues…

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GSK’s RSV vaccine shows long-term efficacy in late-stage trial

(Reuters) -GSK on Wednesday said its vaccine for the respiratory syncytial virus (RSV), which recently won EU approval, showed strong long-term protection in older adults in a late-stage trial. The British drugmaker said a ‘Phase III’ trial showed vaccine efficacy against RSV-lower respiratory tract disease and severe disease over two full RSV seasons, including in…

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