LONDON (Reuters) – Russia faces its first sovereign external default in over a century after it made arrangements to make an international bond repayment in roubles earlier this week, even though the payment was due in U.S. dollars. S&P on Saturday lowered the country’s foreign currency ratings to “selective default” on increased risks that Moscow …
Explainer-Clock ticks down towards a Russian default Read More »
LONDON (Reuters) – Akshata Murthy, the Indian multimillionaire wife of British finance minister Rishi Sunak, said on Friday that she will pay British tax on her overseas income, something she has legally avoided to date. “I understand and appreciate the British sense of fairness and I do not wish my tax status to be a …
UK finance minister’s wife says she will pay more UK tax Read More »
By Noor Zainab Hussain and Carolyn Cohn LONDON (Reuters) – AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from the risk of hefty claims as sanctions ratchet up and the war drags on, an insurance broker and a source familiar with the matter said. …
Exclusive-AIG looks at cutting insurance for Russia, Ukraine -sources Read More »
By Sheila Dang (Reuters) -News of Tesla Chief Executive Elon Musk taking a board seat at Twitter has some Twitter employees panicking over the future of the social media firm’s ability to moderate content, company insiders told Reuters. Within hours of the surprise disclosure this week that Musk, a self-described “free speech absolutist,” acquired enough …
Elon Musk’s arrival stirs fears among some Twitter employees Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian bond yields jumped to near three-year highs and the rupee strengthened after the central bank hinted at gradually moving away from its ultra-loose monetary policy to counter inflation. Stocks ended higher after three sessions of losses. The NSE Nifty 50 index .NSEI saw a late surge, ending …
Indian bond yields jump, rupee strengthens as RBI eyes policy normalisation Read More »
By Swati Bhat and Aftab Ahmed MUMBAI (Reuters) -The Reserve Bank of India said on Friday it is starting to move away from its ultra-loose monetary policy even as it kept its key lending rate at a record low, as its priorities shifted to fighting surging inflation in the wake of the Russia-Ukraine war. In …
India cbank holds rates but starts to rein in loose policy as inflation risks rise Read More »
By Aditya Kalra and Neha Arora NEW DELHI (Reuters) – India has rejected demands from large global and domestic beverage firms to exempt some plastic straws from a ban that takes effect on July 1, fanning fears of disruption in a multi-billion-dollar industry. The ban on items such as straws packaged with small packs of …
Drinks firms spooked as India refuses to exempt some plastic straws from ban Read More »
By Asha Sistla (Reuters) – Gold traded in a tight range on Friday as the dollar climbed higher on prospects of aggressive interest rate hikes by the U.S. Federal Reserve, partially offsetting safe-haven demand fuelled by the heightened Russia-Ukraine conflict. Spot gold was flat at $1,931.16 per ounce by 0748 GMT. U.S. gold futures were …
Gold subdued as stronger dollar counters Ukraine risks Read More »
DUBAI (Reuters) – International Holding Co has agreed to invest 7.3 billion dirhams ($2 billion) in three of Indian conglomerate Adani Group’s portfolio companies. It will provide capital to Adani Green Energy Ltd, Adani Transmission Ltd and Adani Enterprises Ltd which all are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) …
UAE’s IHC to invest $2 billion in Adani Group’s companies Read More »
By Jonathan Stempel (Reuters) -HP Inc’s stock soared to a record high on Thursday after billionaire Warren Buffett’s Berkshire Hathaway Inc said it had taken an 11.4% stake valued at about $4.2 billion in the maker of personal computers and printers. Berkshire revealed in a Wednesday night regulatory filing that it owned nearly 121 million …
HP soars 14.8%, sets record after Buffett reveals $4.2 billion stake Read More »
