By Manoj Kumar and Nidhi Verma NEW DELHI (Reuters) – High global energy and raw material prices combined with a weak rupee fueled the fastest annual rise in India’s wholesale prices in more than 30 years, raising expectations for the central bank to order more interest rate hikes. A surge in crude oil and commodity …
India’s wholesale price inflation runs at 30-yr high, makes rate hikes more likely Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s palm oil imports in May fell 10% from a month ago as top producer Indonesia curbed exports of the edible oil, a trade body said on Tuesday. The south Asian country is the world’s biggest importer of vegetable oils and lower purchases could weigh on Malaysian palm oil …
India’s May palm oil imports drop 10% as Indonesia curbs exports Read More »
By Sudip Kar-Gupta and Nidhi Verma PARIS/NEW DELHI (Reuters) – French energy major TotalEnergies will buy a 25% stake in Adani New Industries Ltd (ANIL), as part of a deal with Adani Enterprises Ltd to develop the world’s biggest green hydrogen ecosystem, the companies said on Tuesday. India, the world’s third-biggest emitter of carbon dioxide, …
TotalEnergies to buy 25% stake in India’s Adani New Industries in green push Read More »
By Lisa Pauline Mattackal and Medha Singh (Reuters) – The crypto market’s a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrageurs. Bitcoin and other cryptocurrencies have either been shackled to ranges or in decline since January, leaving your regular buy-and-hold investor with little option but to sell or to wait …
Cryptoverse: The funds making moolah from messy markets Read More »
By Kavya Guduru (Reuters) – Gold and palladium suffered sharp declines on Monday, as the dollar rallied on bets for steep interest rate hikes by the U.S. Federal Reserve, eroding appeal for bullion and other precious metals. Spot gold fell 2.2% to $1,829.08 per ounce by 1:45 p.m. EDT (1745 GMT). Gold futures settled down …
Gold slides over 2%, palladium sheds 7% as dollar stands tall Read More »
By Amlan Chakraborty NEW DELHI/MUMBAI (Reuters) -The media rights auction for the world’s richest cricket league spilled over into a third day, with broadcast and digital rights for the Indian subcontinent already fetching the country’s board almost $5.1 billion, two sources told Reuters on Monday. The online auction, which began on Sunday is yet to …
Indian cricket rights auction to continue with $5.1 billion already in bag Read More »
By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) -India’s retail inflation eased marginally in May, after touching an eight-year high of 7.79% in April, but remained above the central bank’s tolerance band for a fifth month in a row, suggesting it would continue with rate hikes in August. A surge in crude oil and …
India’s May retail inflation eases amid broadening price pressures Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) -India, the world’s biggest rice exporter, has ample stocks of the staple and there is no plan to restrict exports, the top official at the food ministry said on Monday. India’s surprise decision to ban wheat exports on May 14 raised concerns about potential curbs on rice exports as …
India holds ample rice stocks, no plans to curb exports – food secretary Read More »
By Tanvi Mehta BENGALURU (Reuters) -Indian shares sank more than 2.5% on Monday and the rupee hit an all-time low as growing fears of aggressive policy tightening by the U.S. Federal Reserve roiled investor sentiment in the run-up to domestic inflation data. The NSE Nifty 50 index ended down 2.6% at 15,774.4, its lowest level …
Indian shares fall over 2.5%, rupee hits fresh low ahead of inflation data Read More »
It’s a central bank-heavy week ahead, with the U.S. Federal Reserve expected to deliver its second straight half-point rate hike (at least) to bring inflation under control. Britain and Sweden, too, will likely lift interest rates again, while Switzerland may be getting ready to join the rate-hike club. In contrast, the Bank of Japan should …
