MUMBAI (Reuters) – India has tweaked export policy for wheat flour and asked traders to secure permission before exporting the commodity, the government said in a notification published on Thursday. New Delhi banned wheat exports in mid-May as a scorching heatwave curtailed output and domestic prices hit a record high. After the ban, demand for …
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest rate rises and safe-haven appeal stemming from global recession fears, a Reuters poll of FX analysts showed. The recent sell-off in risk assets and bond …
Dollar continues dream run, little stands in its way Read More »
MUMBAI (Reuters) – Multiple investigations by Indian enforcement agencies into Chinese companies are damaging the confidence of foreign entities investing and operating in the country, China’s embassy in the South Asian nation has said. Many Chinese firms have struggled to do business in India after political tension surged following a border clash in 2020. India …
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The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest rate rises and safe-haven appeal stemming from global recession fears, a Reuters poll showed. Reuters surveyed around 150 foreign exchange forecasters July 1-6 on U.S. dollar rates versus major currencies as …
Reuters July global foreign exchange poll -Reuters poll Read More »
BENGALURU (Reuters) – Shares of FSN E-Commerce Ventures, the parent of cosmetics-to-fashion retailer Nykaa, jumped 4.8% on Thursday, a day after it said its fashion segment was expanding into the men’s innerwear and athleisure category with a new brand. The TPG-backed company said on Wednesday that Nykaa Fashion would launch Gloot — its first innerwear …
India’s Nykaa parent soars 5% after men’s innerwear brand launch Read More »
By Pete Schroeder WASHINGTON (Reuters) -Wall Street ticked upward while oil continued to slide on Wednesday as investors juggled concerns over inflation versus a recession after Federal Reserve minutes showed officials rallied around a large rate hike at their June meeting. All three major stock indices ended higher after the release of the Fed minutes, …
Stocks, oil struggle to hold ground as minutes show Fed rally around rate hikes Read More »
By Herbert Lash (Reuters) -The dollar rose to fresh 20-year highs on Wednesday and the euro tumbled to a new two-decade low as rising energy prices cast a long shadow over the euro zone’s economy but bolstered the U.S. currency’s safe-haven appeal. The dollar and euro were little changed after the release of minutes from …
Dollar gains, euro falls as energy drives currency swings Read More »
By Ashitha Shivaprasad (Reuters) – Gold extended its selloff to an over nine-month low on Wednesday hurt by a stronger dollar, while the Federal Reserve’s June meeting minutes established a more “restrictive” monetary policy. Spot gold fell 1.4% to $1,738.99 per ounce by 2:52 p.m. ET (1852 GMT), after falling as much as 2.6% on …
Dollar rally saps gold’s appeal as more Fed hikes loom Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 2% to a 12-week low in volatile trade on Wednesday, extending the prior session’s heavy losses as investors grew more worried energy demand would take a hit in a potential global recession. Looking ahead, analysts polled by Reuters forecast U.S. crude inventories fell about 1.0 …
Oil slides 2% to 12-week low on fears of global recession Read More »
By Swati Bhat MUMBAI (Reuters) -India’s central bank took a slew of measures on Wednesday to boost foreign exchange inflows, including allowing overseas investors to buy short-term corporate debt and opening of more government securities under the fully accessible route. The steps came after the Reserve Bank of India’s foreign exchange reserves fell by more …
India cenbank acts to enhance foreign fund inflows, stabilise rupee Read More »
