By Aditya Kalra NEW DELHI (Reuters) – India’s biggest dairy group Amul has written to the government urging it to delay a planned ban on tiny plastic straws, saying the move will have a “negative impact” on farmers and milk consumption in the world’s biggest producer of the commodity. Amul made its appeal in a …
A look at the day ahead in markets from Dhara Ranasinghe. There’s little doubt the European Central Bank will on Thursday confirm it will pull the plug on years of stimulus and is getting ready to hike interest rates for the first time since 2011 to contain record high inflation. Can we move on then? …
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) -India’s monsoon rains are likely to pick up by mid-June, the chief of the state-run India Meteorological Department (IMD) told Reuters on Wednesday, spurring the sowing of crucial crops such as rice, corn, cotton, soybean, sugarcane and peanuts. “As per our extended range forecast, rainfall activity …
India’s crop-nourishing monsoon rains to pick up steam by mid-June Read More »
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) – India has raised the price at which it will buy the new-season common rice paddy variety from local farmers by 5.2%, the biggest increase in five years, as New Delhi encourages farmers to boost acreage and output of the staple. For the common grade of …
India raises local rice paddy purchase price by 5.2% to encourage farmers Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices jumped over 2% to a 13-week high on Wednesday as U.S. demand for gasoline keeps rising despite record pump prices, while expectations that China’s oil demand will increase faced growing supply concerns in several countries, including Iran. Iran said it was removing two International Atomic Energy Agency …
Oil jumps to 13-week high on rising U.S. gasoline demand Read More »
By Kavya Guduru (Reuters) – Gold inched up in choppy trade on Wednesday as concerns over economic growth boosted the metal’s safe-haven appeal ahead of U.S. inflation data that could guide the Federal Reserve’s rate hike timeline. Spot gold rose 0.1% to $1,853.82 per ounce by 2:29 p.m. EDT (1829 GMT). U.S. gold futures settled …
Gold ticks up in choppy trade as growth concerns mount Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares ended lower for a fourth session on Wednesday after the central bank’s second rate hike in as many months fanned fears that more tightening might choke economic growth. In a widely expected move, the Reserve Bank of India raised the repo rate by 50 basis points to 4.90% …
Indian shares mark fourth day of losses as RBI hikes rate Read More »
BENGALURU (Reuters) – The Reserve Bank of India’s key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia’s third-largest economy. The central bank also dropped the long-standing phrase that future policy would remain ‘accommodative’, …
(Reuters) – Novavax Inc said on Tuesday that its COVID-19 vaccine initially available in the United States, if authorized, will be manufactured by the Serum Institute of India. “So all vaccines that are being distributed globally commercially are being made in a single facility by our partners (the Serum Institute in India) that includes the …
Novavax says COVID vaccine for U.S. to be manufactured by India’s Serum Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices gained about 1% on Tuesday, with U.S. crude settling at a 13-week high on supply concerns, including no nuclear deal with Iran, and prospects for demand growth in China, which is relaxing lockdowns to control the pandemic. Looking ahead, analysts polled by Reuters forecast U.S. crude …
Oil settles up 1% on tight supply, U.S. crude at 13-week high Read More »
