By Simon Jessop and Ross Kerber LONDON (Reuters) -Amazon.com Inc., the world’s biggest retailer, will face a shareholder vote calling for an independent audit of its treatment of warehouse workers after the top U.S. securities regulator turned down the company’s request to skip the resolution. The decision means Amazon investors will get to vote on …
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By Seher and Dareen (Reuters) – Gold prices rose on Thursday as concerns over rising costs and the Ukraine crisis bolstered its appeal as an inflation hedge and a safe haven, but the U.S. Federal Reserve’s aggressive policy stance limited gains. Spot gold XAU= was up 0.5% to $1,934.69 per ounce by 2:13 p.m. ET …
By Laura Sanicola (Reuters) -Oil settled lower on Thursday, adding to weekly losses on uncertainty that the euro zone will be able to effectively sanction Russian energy exports and after consuming nations announced a huge release of oil from emergency reserves. Prices were also pressured by fears that lockdowns in China due to a new …
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MUMBAI (Reuters) – India’s Tata Group on Thursday launched its much-awaited e-commerce “super app” offering everything from apparel to air tickets in a renewed push for a slice of a fast growing market dominated by Amazon.com and Walmart’s Flipkart. Tata Neu, which has been in the works for about two years, is a single platform …
India’s Tata launches “super app” in e-commerce challenge to Amazon, Walmart Read More »
By Nidhi Verma NEW DELHI (Reuters) – India, the world’s third largest oil importer, said on Thursday it was examining ways to support decisions by the International Energy Agency (IEA) member countries to release crude from their national inventories to calm rising global prices. “In the interest of collaborating with like minded countries on these …
India says it is exploring ways to support IEA members’ oil release Read More »
By Dawn Chmielewski (Reuters) – Discovery Inc announced on Thursday the executive team to lead the soon to be formed Warner Bros Discovery (WBD), leaning heavily on a trusted group of lieutenants, many of whom have worked with its chief executive since his days at NBC. The $43 billion merger of Discovery and WarnerMedia is …
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By Sethuraman N R BENGALURU (Reuters) – Indian shares fell for a third straight session on Thursday as hawkish signals from the U.S. Federal Reserve to tackle surging inflation slammed investor sentiment in the run-up to a monetary policy decision at home. The NSE Nifty 50 index declined 0.94% to 17,639.55, and the S&P BSE …
Indian shares fall on hawkish Fed views; RBI decision in focus Read More »
By Sudarshan Varadhan NEW DELHI (Reuters) – A utility owned by India’s richest state Maharashtra is reviewing four bids received in a tender to supply two million tonnes of imported coal and expects to finalise details next month, it told Reuters on Thursday. The Maharashtra State Power Generation Co Ltd (Mahagenco) said it had received …
India’s richest state reviewing bids in large coal import tender Read More »
By Rajendra Jadhav MUMBAI (Reuters) – After two years of lull, India’s sugar consumption is set to hit record highs in the current summer season as demand from bulk consumers such as cold drink and ice cream-makers rises after the lifting of COVID-19 restrictions, industry officials said. India’s sugar consumption in the 2021/22 marketing year …
India’s sugar sales to race to record high as summer demand peaks Read More »
By Asha Sistla (Reuters) – Gold inched lower in range-bound trade on Thursday, as the dollar and yields gained after the U.S. Federal Reserve reiterated its aggressive stance to combat inflation, while uncertainty over the Ukraine conflict capped bullion’s losses. Spot gold was down 0.2% at $1,920.82 per ounce by 0518 GMT. U.S. gold futures …
Gold eases as dollar, yields rise after hawkish Fed minutes Read More »
