(Reuters) – A tumultuous year for financial markets is entering the home straight, with Britain battling a self-inflicted crisis and markets pouring over U.S. jobs data to determine how much of an impact Fed hikes are having on the U.S. economy. Currencies plumbing multi-year lows in Australia and New Zealand are ramping up pressure on …
MUMBAI (Reuters) – Indian states will aim to raise an aggregate of 195 billion Indian rupees ($2.38 billion) on Monday through sale of bonds maturing in eight years to 25 years. The Reserve Bank of India may set cut-off yields for the 10-year bonds in the 7.74%-7.77% band, according to a Reuters poll of 14 …
MUMBAI (Reuters) -India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used …
India slashes base import price of palm oil, gold Read More »
MUMBAI (Reuters) – Tulsi Tanti, the founder and chairman of Indian wind turbine maker Suzlon Energy Ltd, died on Saturday aged 64, the company said in a statement. Tanti, who was also the chairman of the Indian Wind Turbine Manufacturers Association, suffered a cardiac arrest and passed away the same day, the company said. He …
NEW DELHI (Reuters) – Gasoline and gasoil sales by Indian state refiners rose sharply in September from a year earlier, signalling a pick-up in industrial activity ahead of the festive season from this month, preliminary sales data showed. Local fuel demand – a proxy for oil demand in Asia’s third largest economy – regularly slows …
India’s gasoil, gasoline sales surge on festive demand Read More »
NEW DELHI (Reuters) – The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne from Sunday, after a decline in global oil prices. India has also scrapped an export tax on jet fuel and halved export duties on diesel to 5 rupees …
India cuts windfall tax on crude oil output, diesel exports Read More »
NEW DELHI (Reuters) – India has deferred the imposition of taxes on dirtier and unblended retail fuel at a time when it is trying to contain surging inflation, which is already above the central bank’s comfort level. India deferred imposition of a 2 rupee ($0.025) tax on every litre of gasoline not mixed with 10% …
India defers tax levy on unblended, dirtier fuel amid rising prices Read More »
By Sinéad Carew NEW YORK (Reuters) – The dollar rose against the euro on Friday but pared gains late in a session that was muddied by quarter-end trading while riskier commodity-led currencies fell sharply after European inflation hit a record high and U.S. consumer spending increased faster than expected. But while the dollar index was …
Dollar up on euro as quarter ends, commodity led currencies sink Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dipped on Friday in choppy trading but notched their first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%, …
Oil falls but notches weekly gain as OPEC+ considers output cut Read More »
By Kavya Guduru (Reuters) – Gold rose to a one-week high on Friday as the dollar retreated from recent highs but bullion was headed towards its worst quarter since March last year, buckling under fears of impending large interest rate hikes by the U.S. Federal Reserve. Spot gold was 0.1% higher at $1,661.89 per ounce …
Gold bound for dismal quarter on aggressive rate hike fears Read More »
