BENGALURU (Reuters) – Growth in India’s dominant services industry picked up less than expected in February despite an easing of COVID-19 restrictions, a private survey showed, while price pressures led firms to shed jobs at the quickest pace since July. Those inflationary effects will likely intensify as the survey was conducted before Russia’s invasion of …
Growth in India’s services activity picked up in Feb Read More »
By Shrutee Sarkar and Milounee Purohit BENGALURU (Reuters) – Indian house prices will rise this year and next at a faster pace than predicted just three months ago, supported by the economic recovery from the pandemic, according to a Reuters poll of property analysts. Once a bright spot in India’s economy, the housing sector was …
India house price rises to pick up pace in 2022: Reuters poll Read More »
By Nidhi Verma and Nupur Anand NEW DELHI/MUMBAI (Reuters) – Indian refiner Nayara Energy, part-owned by Russian oil giant Rosneft, could find it harder to raise funds for expansion as a result of Western sanctions in response to Russia’s invasion of Ukraine, sources with direct knowledge of the matter said. “We are cautious even if …
India refiner Nayara to find funding harder due to Rosneft link -sources Read More »
By Brijesh Patel (Reuters) – Palladium extended gains to a more than seven-month high on Thursday, spurred by concerns over supply shortages following harsh sanctions on top-producer Russia, while the Ukraine crisis and soaring inflation lifted demand for safe-haven gold. Palladium, used by automakers in catalytic converters to curb emissions, rose 3% to $2,748.86 by …
Supply woes lift Palladium to 7-month peak, gold firms on Ukraine crisis Read More »
By Bharat Gautam (Reuters) – Palladium raced to an over seven-month peak on Thursday in a rally sparked by concerns over supply from top producer Russia, while a relatively less hawkish Federal Reserve and safe-haven demand due to the Ukraine crisis boosted gold prices. Spot prices of palladium, used by automakers in catalytic converters to …
Palladium scales 7-month peak, gold firms as Ukraine crisis rages on Read More »
By Rama Venkat BENGALURU (Reuters) – Indian shares settled lower on Thursday, as losses in financial stocks outweighed a boost from metals and information technology companies, while soaring crude prices continued to curb investor appetite for risky assets. The NSE Nifty 50 index fell 0.65% to 16,498.05 at close, and the S&P BSE Sensex was …
Indian shares end lower as bank stocks, crude prices weigh Read More »
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – Amazon.com Inc and India’s second-largest retailer Future Group have agreed to talks proposed by the U.S. e-commerce giant, seeking to resolve legal wrangles at the heart of a battle for supremacy in the country’s vast retail sector. The unexpected olive branch extended by Amazon comes …
Amazon and India’s Future agree to talks after the U.S. retailer offers olive branch Read More »
By Swati Bhat MUMBAI (Reuters) – India’s trade and current account deficits are likely to widen, putting pressure on the rupee, as global oil prices surge and the domestic economy reopens from a third wave of the pandemic, economists and analysts said. India’s trade deficit widened sharply to $21.19 billion in February compared to $17.94 …
Indian trade, current account deficit seen widening, rupee under pressure Read More »
By Swati Bhat MUMBAI (Reuters) – Indian bond yields rose further on Thursday, tracking an uptick in global crude oil prices, while expectations of a March rate increase by the U.S. Federal Reserve were reaffirmed by comments from its chairman, pushing up U.S. yields. Oil prices extended their rally, with Brent rising above $118 a …
Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers Read More »
By Timothy Gardner WASHINGTON (Reuters) – The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the global transition from fossil fuels to cleaner energy sources to fight climate change? The answer is probably not. On the …
Explainer – Why $100 oil could hurt the energy transition more than it helps Read More »
