By Ashitha Shivaprasad (Reuters) – Gold prices fell below the key $1,700 level on Thursday for the first time since July, as a rising dollar and expectations for aggressive interest rate hikes eroded its appeal. Spot gold was down 0.8% at $1,696.76 per ounce by 13:58 p.m. ET, having dropped to its lowest since July …
Gold drops below $1,700 on stronger dollar, rate-hike bets Read More »
By Aditi Shah NEW DELHI (Reuters) -Boeing Co expects more orders for its planes from Indian airlines as they boost their capacity to keep pace with rising demand in the world’s fastest-growing major aviation market, an executive said on Thursday. Airlines in India are expected to increase their capacity by at least 25% over the …
Boeing expects more orders from India as airlines boost capacity Read More »
By Yadarisa Shabong and Richa Naidu (Reuters) -Reckitt Benckiser Chief Executive Laxman Narasimhan will step down at the end of September after three years in the role, the company said on Thursday, taking investors by surprise and sending its share price down sharply. Narasimhan will be replaced temporarily by senior independent director and former BAT …
Durex maker Reckitt announces surprise CEO departure Read More »
By Anushka Trivedi (Reuters) – The Indian rupee held its ground on Thursday, as weakening oil prices and exporters selling dollars shielded it from a selloff in global risk assets. The partially convertible rupee eased 0.1% to 79.5550 per U.S. dollar, having firmed up to a more than two-week high of 79.31 during the session. …
Indian rupee avoids sell-off, closes flat on oil price drop Read More »
By Aftab Ahmed NEW DELHI (Reuters) – India wants global bond index operators to consider the local settlement of its government securities if they are included in their indexes, a government official said on Thursday. Media reports last week said JP Morgan had started new consultations with investors about adding India to its emerging market …
India wants local settlement if its bonds join global index Read More »
By Sethuraman N R BENGALURU (Reuters) – Dish TV shares surged up to 20% on Thursday after the broadcast satellite service provider said Chairman Jawahar Lal Goel would not seek a reappointment, signalling a win for top shareholder Yes Bank in its push for a board overhaul. The company on Tuesday said Goel would not …
India’s Dish TV shares surge as chairman set to exit after Yes Bank tussle Read More »
By Leika Kihara TOKYO (Reuters) -Asia’s factory activity slumped in August as China’s zero COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday, darkening the outlook for the region’s fragile recovery. Manufacturing activity was weak in countries ranging from Japan, China, South Korea to Taiwan in a sign sluggish demand was …
Asia’s factory activity slumps on China’s COVID curbs, U.S. slowdown Read More »
MUMBAI (Reuters) – The Reserve Bank of India (RBI) may ease its pace of rate hikes from this month and shift to similar moves after softer-than-expected growth in April-June, Deutsche Bank said. Asia’s third-largest economy grew 13.5% in the April-to-June quarter, which was lower than RBI’s projection of 16.2% and 15.2% forecast by economists in …
India cbank may slow rate hike pace on growth concerns -Deutsche Bank Read More »
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -A merger between the Indian unit of Japan’s Sony and Zee Entertainment to create a $10 billion TV enterprise will potentially hurt competition by having “unparalleled bargaining power”, the country’s antitrust watchdog found in an initial review, according to an official notice seen by Reuters. The …
By Rod Nickel and Sabrina Valle (Reuters) – Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada’s Atlantic coast. Surging oil prices are encouraging the investments, along with Europe’s mounting energy demand as …
This decade’s oil boom is moving offshore – way offshore Read More »
