BENGALURU (Reuters) -Indian shares closed at four-month highs on Thursday, led by gains in technology and bank stocks, after a softer-than-expected U.S. inflation data eased fears of aggressive rate hikes by the Federal Reserve. For domestic cues, investors are awaiting the consumer price index (CPI) data due on Friday. India’s retail inflation likely eased in …
Indian shares hit four-month high; inflation data eyed Read More »
By Aditya Kalra NEW DELHI (Reuters) – Google has grave reservations about developing a self-regulatory body for the social media sector in India to hear user complaints, though the proposal has support from Facebook and Twitter, sources with knowledge of the discussions told Reuters. India in June proposed appointing a government panel to hear complaints …
Google opposes Facebook-backed proposal for self-regulatory body in India -sources Read More »
MUMBAI (Reuters) – Indian government bond yields eased marginally on Thursday amid bets that pace of headline inflation due on Friday might slow further, while weaker-than-expected U.S. inflation helped gains. Further fall in yields, however, was capped ahead of fresh supply of notes through the weekly debt auction also scheduled on Friday. The 10-year benchmark …
India bond yields dip on bets inflation may ease Read More »
MUMBAI (Reuters) – India’s UltraTech Cement Ltd plans to raise funds selling commercial papers maturing in three months, two merchant bankers said on Thursday. The company will offer a yield of 5.88% on this issue, and has received commitments worth around 7.50 billion rupees ($94.60 million), they said. The notes are rated A1+ by India …
India’s UltraTech Cement to issue 3-month CP – traders Read More »
MUMBAI (Reuters) – India’s Housing Development Finance Corp Ltd plans to raise funds through commercial papers maturing in nearly one year, three merchant bankers said on Thursday. The housing finance company will offer a yield of 6.90% on this issue, and has received commitments worth around five billion rupees ($63.06 million), the bankers said. The …
India’s HDFC to issue nearly 1-year CP – traders Read More »
By Sudarshan Varadhan NEW DELHI (Reuters) -Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar and cutting the risk of breaching Western sanctions against Moscow. Reuters previously reported on a large Indian coal deal involving the Chinese yuan, but …
Indian companies swapping dollar for Asian currencies to buy Russian coal Read More »
By Ashitha Shivaprasad (Reuters) – Gold reversed course to trade lower on Wednesday as hawkish remarks from U.S. Federal Reserve officials dampened hopes of a let-up in aggressive policy tightening after tame inflation data. Spot gold was down 0.3% to $1,788.39 per ounce by 3:34 p.m. ET (1934 GMT). It had risen to its highest …
Gold ticks lower after Fed officials call for more rate hikes Read More »
By David Gaffen NEW YORK (Reuters) -Oil prices rose on Wednesday, rebounding from losses early in the session, helped by encouraging figures on U.S. gasoline demand and as lower-than-expected U.S. inflation data drove investors into riskier assets. Brent crude futures settled up $1.09, or 1.1%, to $97.40 a barrel, while U.S. West Texas Intermediate crude …
Oil rises on renewed gasoline demand, weak dollar Read More »
(This August 9 story refiles with no change to text) By Ron Bousso and Marwa Rashad LONDON (Reuters) – Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap after several outages hampered efforts to fill European storage ahead of the …
LNG traders absorb huge losses after supply outages Read More »
BENGALURU (Reuters) -Indian shares gave up early gains on Wednesday as tech stocks slipped, while traders looked ahead to U.S. inflation data for clues on the pace of rate hikes from the Federal Reserve. At session lows in morning trade, the NSE Nifty 50 index was down 0.47% at 17,442.80, and the S&P BSE Sensex …
Indian shares reverse course as IT drags; U.S. inflation data eyed Read More »
