By Asha Sistla (Reuters) – Gold prices fell on Friday as a stronger U.S. dollar negated safe-haven demand triggered by a lack of progress in Russia-Ukraine peace talks, while investors cautiously awaited U.S. jobs data that could provide cues on policy tightening. Spot gold was down 0.4% at $1,930.16 per ounce by 0719 GMT, and …
Gold eases as dollar strengthens ahead of U.S. data Read More »
By Shivani Singh BENGALURU (Reuters) – Indian startup Meesho, which counts Facebook-owner Meta Platforms and SoftBank Group’s Vision Fund 2 as its investors, is aiming to go public in early 2023, a source familiar with the matter told Reuters. The Bengaluru-based social commerce platform is working to be ready for a listing by the end …
Exclusive: Facebook-backed Indian startup Meesho targets early 2023 for IPO – source Read More »
By Brijesh Patel (Reuters) – Palladium extended its rally to near a 10-month high within striking distance of $3,000 an ounce on Friday, as concerns over supply shortages from top-producer Russia mounted and the war in Ukraine bolstered demand for safe-haven gold. Spot palladium was up 6.1% to $2,943.56 per ounce as of 10:27 a.m. …
Palladium sprints to $3,000/oz mark as Russia supply fears grow Read More »
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – Data showing a red-hot U.S. jobs market sent Treasury yields lower and strengthened the dollar on Friday, but the war in Ukraine overshadowed the blowout report as the euro plunged on expectations of slower European economic growth. U.S. job growth surged in February, pushing the …
Stocks sink, euro plunges as Ukraine war shakes markets Read More »
By Arpan Varghese (Reuters) – Palladium extended gains on Friday, breaking above $2,800 an ounce mark en route to its biggest weekly gains in two years as concerns grew about supply shortfalls from Russia, while the war in Ukraine kept safe haven gold on firm ground. Spot palladium rose 4.1% to $2,889.70 as of 1252 …
Palladium set for biggest weekly gain in 2 years as Russia supply concerns mount Read More »
BENGALURU (Reuters) -Indian shares dropped over 1% to log their fourth consecutive week of losses on Friday, led by a decline in financials and metals stocks, as a worsening Ukraine crisis sent oil prices surging and stoked inflation fears. The blue-chip NSE Nifty 50 index was down 1.53% at 16,245.35 at close, with most of …
Indian shares post fourth weekly loss as Ukraine crisis escalates Read More »
By Swati Bhat MUMBAI (Reuters) – The Indian rupee weakened past the 76 per dollar mark on Friday to touch its lowest level since mid-December, as the deepening crisis in Ukraine pushed Asian shares toward 16-month lows, with traders watching out for potential central bank intervention. The partially convertible rupee was trading at 76.16/17 per …
Indian rupee hits 2-1/2-month low as Ukraine crisis grows; RBI in focus Read More »
NEW DELHI (Reuters) – India’s state-run fuel retailers are increasing their ethanol storage capacity by 51% as the nation targets to double the biofuel’s blending with gasoline to 20% by 2025, a director at the country’s top refiner Indian Oil Corp said on Friday. India is the world’s third biggest oil importer and relies on …
India increasing ethanol storage, targets 20% blended gasoline by 2025 Read More »
MUMBAI (Reuters) – The National Stock Exchange (NSE) of India, the country’s largest bourse, began a search on Friday for a new chief executive as it grapples with accusations of governance lapses that have long delayed an initial public offering (IPO). The effort comes after the market regulator penalised former chief executive Chitra Ramkrishna, among …
India’s top bourse NSE seeks new chief amid suspected governance lapses Read More »
BENGALURU (Reuters) -The initial public offering of India’s state-run Life Insurance Corp (LIC) is set to be delayed to next financial year due to market volatility triggered by Russia’s invasion of Ukraine, Bloomberg News reported https://bloom.bg/3tw2Hgn, citing sources. In what will be the biggest stock offering in India, the government has plans to raise about …
India’s LIC IPO set to be delayed to next fiscal year – Bloomberg News Read More »
