HONG KONG (Reuters) – Hong Kong’s High Court approved on Monday an application by China Evergrande Group and its major offshore credit group to adjourn a winding-up petition against it to Nov. 7. An investor in Evergrande’s unit online real estate and automobile marketplace, Fangchebao (FCB), filed the petition in Hong Kong in June because …
Evergrande winding-up lawsuit in Hong Kong adjourned to Nov 7 Read More »
By Rae Wee and Kevin Buckland SINGAPORE/TOKYO (Reuters) – The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia’s halt on gas supply down its main pipeline to Europe sparked concerns over energy prices and growth. The euro slid to $0.9880 …
MUMBAI (Reuters) – India reported on Friday that its trade deficit narrowed slightly to $28.7 billion in August from a record high of $30 billion in the previous month. Here are the views of some analysts: Barclays Bank: “Though the August print marks a moderation from July’s record trade deficit, the deficit remains at unsustainably …
India’s August trade deficit eases from record levels Read More »
MUMBAI (Reuters) – Morgan Stanley sees a “good chance” of JPMorgan including Indian government bonds in its index, and recommended going long on the 10-year benchmark bond yield. “We now believe that there is a very good chance that JPM will announce the index inclusion of India’s bond market in mid-September,” strategists Min Dai and …
India 10-year bond a good bet for long position – Morgan Stanley Read More »
By Arsh Tushar Mogre BENGALURU (Reuters) – The buoyant outlook for India’s housing market has barely changed in the last three months despite the Reserve Bank of India embarking on its most aggressive tightening cycle in a decade, a Reuters poll of property market analysts found. Relatively late compared with other central banks in raising …
By Indradip Ghosh BENGALURU (Reuters) – India’s dominant services industry grew faster than expected in August thanks to a solid expansion in demand and a continued easing in cost pressures, encouraging firms to hire at the quickest pace in more than 14 years, a private survey showed. Driven by strong growth in services and manufacturing …
India’s services activity grew faster in Aug; hiring at over 14-yr high Read More »
By Rupam Jain MUMBAI (Reuters) -Cyrus Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near financial capital Mumbai on Sunday, Indian police said. Mistry was ousted as chairman of Tata Sons, the holding company of the $300-billion salt-to-software Tata conglomerate, in a boardroom coup in 2016, sparking a …
Former Tata Sons chair Cyrus Mistry dies in road accident Read More »
NEW DELHI (Reuters) -India’s federal financial crime-fighting agency said on Saturday it was searching the premises of online payment companies as part of an investigation of Chinese-controlled firms and individuals suspected of illicit lending practices. The payment companies included Razorpay Pvt Ltd, Cashfree Payments and Paytm Payment Services Ltd, the Enforcement Directorate said in a …
India agency searches payment firms in Chinese lending probe Read More »
By Ashitha Shivaprasad (Reuters) – Gold bounced over 1% on Friday as the dollar retreated after U.S. jobs data came mostly in line with expectations, but it was still bound for a third consecutive weekly fall pressured by an elevated interest rate environment. Spot gold rose 0.8% to $1,710.29 per ounce by 1:45 p.m. ET …
Gold advances as dollar retreats after U.S. jobs data Read More »
BENGALURU (Reuters) – The Reserve Bank of India (RBI) has given lenders until the end of November to put in place systems and processes to ensure existing digital loans are in compliance with the regulator’s rules issued last month. The RBI in August charted detailed guidelines that would increase scrutiny and supervision over digital lending …
India cenbank gives lenders till end-Nov to comply with new digital rules Read More »
