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(Reuters) -Apple Inc’s iPhone exports from India crossed $1 billion in five months since April, Bloomberg News reported on Tuesday, reflecting the tech giant’s growing bet on the South Asian nation amid New Delhi’s push for local manufacturing. The outbound shipments of India-made iPhones, mainly to Europe and the Middle East, are set to reach …

Apple iPhone exports from India top $1 billion in 5 months – Bloomberg News Read More »

By Eileen Soreng (Reuters) – Gold hit a three-week high on Tuesday, spurring gains for all precious metals, as the dollar and U.S. Treasury yields moved further from multi-year highs and revived appeal for the zero-yielding bullion. Spot gold rose 0.5% to $1,707.20 per ounce by 0725 GMT, having earlier touched its highest since Sept. …

Gold scales 3-week peak as dollar, yields retreat Read More »

MUMBAI (Reuters) – India’s large trade deficit is beginning to consolidate, but the weaker exports are prompting a more gradual adjustment than expected, Barclays Bank said in a note on Tuesday. India’s trade deficit fell to $26.7 billion in September from $28 billion in August and $30 billion in July. In that same period, merchandise …

India’s weakening exports slows trade deficit moderation – Barclays Read More »

By Richa Naidu and Jessica DiNapoli LONDON (Reuters) -Diageo PLC’s Chief Executive Ivan Menezes believes Scotland could face a water shortage due to climate change unless businesses and lawmakers act, he said at the Reuters Impact conference on Monday. The threat in Scotland, where Diageo is the biggest exporter of Scotch whisky through brands like …

Diageo boss warns on Scottish water shortage Read More »

By Emma Farge GENEVA (Reuters) – The United Nations is pushing to cut the price of fertilizers to avoid a “future crisis” of availability, said a senior U.N. trade official who is involved in talks aimed at boosting the export of Russian fertilizers, including ammonia. Russia’s war in Ukraine has fueled a global food crisis …

U.N. pushes for global fertilizer price cut to avoid ‘future crisis’ Read More »

MUMBAI (Reuters) – India has raised total import duty on platinum to 15.4% from 10.75%, the government said in a notification on Monday, seeking to bring parity in import duty structure between gold and platinum. In July, New Delhi raised import duty on gold to 15% but then kept the tax on platinum imports unchanged …

India raises import duty on platinum to 15.4% Read More »