By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares logged losses amid cautious trading on Tuesday, a day ahead of the domestic central bank’s interest rate hike decision and on concerns about a prolonged rate-hike cycle by the Federal Reserve. The S&P BSE Sensex closed 0.33% down at 62,626.36. The NSE Nifty 50 index lost 0.31% …
Indian shares settle lower on hawkish Fed fears; RBI in focus Read More »
(Corrects fund manager’s surname in last paragraph) By Anushka Trivedi MUMBAI (Reuters) – Foreign investors are buying into Indian financial firms, lured by the prospects of a fresh credit cycle that may boost the stocks of the country’s largest lenders. Indian shares are trading at a record-high valuation premium to their Asian counterparts, BNP Paribas …
Foreign equity funds pile into Indian financials as credit cycle picks up Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s benchmark 10-year bond yields are expected to rise on the back of higher government borrowings, while the rupee could see steep depreciation by end of this financial year as pressure on emerging market currencies resurfaces, a rates strategist with UBS told Reuters on Tuesday. “For the fiscal year …
India benchmark bond yield seen at 7.50%, rupee at 84 by March – UBS’ Arora Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s palm oil imports jumped 29% in November from a month ago, as a steep discount to rival soyoil and sunoil made buying of the tropical oil lucrative for local refiners, five dealers told Reuters on Tuesday. Higher imports by India, the world’s biggest palm oil buyer, would help …
Top palm oil buyer India’s Nov imports jump 29% to 1.14 million tonnes – dealers Read More »
A look at the day ahead in European and global markets from Anshuman Daga Just as missile attacks fuel worries of emergency blackouts in Ukraine, global equities are also feeling the pain from U.S. economic data that is stoking fears the Fed could go higher for longer. Treasury yields are up, the dollar is standing …
(This Dec. 3 story has been refiled to correct spelling error in first paragraph) By Rhea Binoy (Reuters) – Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd said on Saturday it is cutting 600 jobs in its corporate and technology departments. India’s IPO-bound Oyo will cut 10% of its 3,700-employee base, while at …
India’s Oyo lays off 600 employees as part of ‘wide ranging’ reorganisation Read More »
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -Global stocks and Treasury prices fell on Monday as new evidence of a strong U.S. economy raised fears that interest rates will stay higher for longer, eclipsing China’s easing of pandemic restrictions. U.S. services industry activity unexpectedly picked up in November, with employment rebounding, in the …
Shares, bond prices fall as U.S. data sparks rate hike concerns Read More »
BENGALURU (Reuters) – Indian billionaire Gautam Adani’s conglomerate on Monday raised its stake in New Delhi Television Ltd to more than 37% through an open offer, making it the biggest shareholder of one of the country’s most popular news networks. Although Adani’s group was looking to take another 26% stake in NDTV, the open offer …
Billionaire Adani becomes NDTV’s biggest shareholder after open offer Read More »
By Seher Dareen (Reuters) – Gold prices beat a sharp retreat on Monday as the dollar rebounded on bets that strong U.S. economic readings may give the Federal Reserve fodder to accelerate rate hikes. Spot gold dipped 1.6% to $1,769.14 per ounce by 1:33 p.m. ET (1833 GMT) after touching its highest since July 5 …
Gold pulls back as dollar rebounds on strong U.S. data Read More »
LONDON (Reuters) – Banks in countries such as Ukraine and Turkey face a “very high” risk from restrictions on capital flows, weak international reserves and a high level of foreign currency debt, Moody’s Investors Service said in a report on Monday. Belarus, El Salvador, Nigeria, Kyrgyzstan and Tajikistan complete the list of countries also exposed …
Moody’s sees ‘very high’ foreign exchange risk for banks in Ukraine, Turkey Read More »
