NEW DELHI (Reuters) – Delhi has suspended most construction and demolition activities as air quality in the Indian capital is set to worsen from Tuesday because of calmer winds and other meteorological conditions, a government minister said. The city of about 20 million, the world’s most polluted capital, turns nearly unbreathable every winter as cold, …
Delhi stops construction as pollution set to worsen from Tuesday Read More »
(Reuters) – India’s VST Tillers Tractors Ltd reported a 29.3% drop in second-quarter profit on Monday, as the agricultural machinery maker was hit by subdued growth in power tillers and weak tractor sales. The company’s profit stood at 227.4 million Indian rupees ($2.8 million) for the quarter ended Sept. 30, down from 321.5 million rupees, …
India’s VST Tillers Tractors Q2 profit falls 29% on subdued growth Read More »
BENGALURU (Reuters) – Saregama India reported a 36% increase in second-quarter profit on Monday, as the record label licensed more movie songs to its streaming partners following a rebound in the country’s film industry. Profit climbed to 460.7 million Indian rupees ($5.59 million) in the three months ended Sept. 30, from 338 million rupees a …
Indian music label Saregama’s profit rises 36% on new song releases Read More »
LONDON (Reuters) – Blockchain company Valereum said on Monday it has received regulatory approval to buy the Gibraltar Stock Exchange (GSX) and turn it into a gateway to European capital for fledgling companies from the Middle East, India and Africa. Valereum said it has received consent from the Gibraltar Financial Services Commission to complete the …
Blockchain firm Valereum gets approval to buy Gibraltar exchange Read More »
By Yimou Lee TAIPEI (Reuters) – Production of Apple Inc’s iPhones could slump by as much as 30% at one of the world’s biggest factories next month due to tightening COVID-19 curbs in China, a person with direct knowledge of the matter said on Monday. Manufacturer Foxconn, formally Hon Hai Precision Industry Co Ltd, is …
Output of Apple iPhones at major China plant could fall 30% amid COVID curbs -source Read More »
By Satoshi Sugiyama TOKYO (Reuters) – Toyota Motor Corp is expected to report a small quarterly profit increase on Tuesday, with soaring costs of parts and materials nearly offsetting the benefits from the plunging Japanese yen and a rebound in production. The world’s biggest automaker by sales said last week its global production rebounded by …
Toyota profit to rise but eyes will be on its shaky supply chain, EV strategy Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -India has extended curbs on sugar exports by one year until October 2023, the government said, but the world’s biggest producer of the sweetener is still expected to fix a quota for this year’s overseas sales. India, also the world’s biggest sugar consumer, this year restricted …
India extends curbs on sugar shipments, to soon fix this year’s export quota Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices eased about 1% on Friday after top crude importer China widened its COVID-19 curbs, though the crude benchmarks were poised for a weekly gain on supply concerns and surprisingly strong economic data. Brent futures fell $1.19, or 1.2%, to settle at $95.77 a barrel. U.S. West Texas …
By Chris Prentice and Marc Jones WASHINGTON/LONDON (Reuters) – World and European shares turned higher on Friday as Wall Street extended gains amid hopes of a slowdown in some central banks’ rate hikes. Commodity prices took a hit from a stronger U.S. dollar. Oil prices slid after top crude importer China widened its COVID-19 curbs. …
Buoyant Wall Street boosts world, European stocks; oil drops Read More »
By Seher Dareen (Reuters) – Gold fell more than 1% on Friday as the dollar and bond yields climbed after data showed underlying inflation pressures remained high, cementing expectations around another hefty rate hike from the U.S. Federal Reserve next week. Spot gold fell 1.3% to $1,641.30 per ounce by 1:43 p.m. ET (1743 GMT). …
Gold down 1% as dollar, yields rise on Fed rate-hike bets Read More »
