By Ashitha Shivaprasad (Reuters) – Gold slipped on Wednesday and was on track for its longest run of monthly losses since 2018, pressured by aggressive rate hikes by major central banks across the world. Spot gold fell 0.6% to $1,712.56 an ounce by 0203 p.m. ET. Bullion has lost about 3% so far in August, …
Rate hike rush pushes gold to longest monthly losing streak in 4 years Read More »
By Promit Mukherjee JOHANNESBURG (Reuters) -Aspen Pharmacare has signed a deal with the Serum Institute of India to manufacture and sell four Aspen-branded vaccines for Africa, as it seeks to utilise its near-idle COVID-19 vaccine production lines in South Africa. Shares in Aspen jumped 6% in afternoon trade on Wednesday on news of the deal …
S.Africa’s Aspen, India’s Serum Institute sign vaccines deal for Africa Read More »
NEW DELHI (Reuters) -India’s SpiceJet Ltd said on Wednesday its Chief Financial Officer Sanjeev Taneja had resigned, as the low-cost carrier posted a wider quarterly loss and faces increased scrutiny over mid-air incidents. The cash-strapped airline has struggled to make timely payments to vendors and lessors, prompting some to deregister planes. Meanwhile, some banks have …
MUMBAI (Reuters) – India received 3.4% more rainfall than average in August as central and southern parts of the country received heavy rains, the state-run weather office said on Wednesday. The monsoon, which accounts for about 75% of India’s annual rainfall, is vital as nearly half of the country’s farmland doesn’t have irrigation. In August …
India’s August monsoon rains 3.4% above average – weather department Read More »
By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) – India’s economy grew 13.5% in the April-to-June quarter, its fastest pace in a year, though economists said growth is likely to lose momentum in coming quarters as higher interest rates cool economic activity. The Reserve Bank of India (RBI) has raised its benchmark repo rate …
India’s economy grows at fastest pace in a year, slowdown expected Read More »
By Devjyot Ghoshal NEW DELHI (Reuters) – India will formally commission its first home-built aircraft carrier on Friday, the culmination of 17 years of construction and tests as the country seeks to catch up with regional rival China and its far larger naval fleet. The INS Vikrant however will not have its own fleet of …
India to commission first home-built carrier, but short of jets on deck Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said. The debt-laden island nation had sought up to $3 billion from …
Exclusive-Crisis-hit Sri Lanka strikes staff-level loan pact with IMF -sources Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices fell on Tuesday as investors positioned for a period of high interest rates in the United States and elsewhere. Spot gold fell 0.8% to $1,723.65 per ounce by 1:46 p.m. ET (1746 GMT) after hitting a one-month low of $1,719.56 on Monday. U.S. gold futures settled down 0.8% …
(Reuters) -Elon Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint from former security head of the social media firm as another reason to scrap the $44 billion deal. Last week, Peiter Zatko, a famed hacker known as “Mudge”, said in his complaint that Twitter prioritized …
Musk sends fresh letter to scrap Twitter deal after whistleblower claims Read More »
NEW DELHI (Reuters) – State-owned Coal India Ltd is unlikely to increase prices of the fuel imminently despite an upcoming wage hike for its workers and rising diesel and explosives costs, its chairman said on Tuesday. Higher input costs will lead to price hikes in the years to come, however, he said. Global coal prices …
Coal India says price hike not imminent despite higher costs Read More »
