(Reuters) – Feb 9 (Reuters) – Gold eked out gains on Wednesday, helped by a weaker dollar and a retreat in U.S. Treasury yields, although prices moved in a tight range as investors refrained from making large bets ahead of U.S. inflation data. Spot gold XAU= rose 0.2% to $1,829.51 per ounce by 10:18 a.m. …
Gold rises on softer dollar, yields; U.S. inflation in focus Read More »
By Nerijus Adomaitis and Nora Buli OSLO (Reuters) – Norway’s Equinor will pay out $10 billion to shareholders this year after it reported record fourth-quarter pretax profits, joining European rivals in cashing in on a boom in oil and gas prices and sending its shares to a new high. Adjusted earnings before tax leapt to …
Equinor shareholders to get $10 billion payout as energy prices soar Read More »
BENGALURU (Reuters) -Indian cosmetics-to-fashion retailer Nykaa on Wednesday reported a 59.5% slump in quarterly net profit on a steep increase in expenses, overshadowing a rise in revenue and gross merchandise value. Total costs surged 46.8% year-on-year to 10.67 billion rupees ($142.68 million) in the third quarter, including a big jump in employee benefit expenses, Nykaa’s …
Indian beauty firm Nykaa loses sheen as costs surge Read More »
By Elizabeth Culliford and Silvia Aloisi NEW YORK/MILAN (Reuters) – Facebook owner Meta Platforms is struggling to stop counterfeiters from pushing fake luxury goods from Gucci to Chanel across its social media apps, according to research and interviews, as the company barrels into ecommerce. Its platforms have emerged as hot spots for counterfeit offenders who …
Facebook, Instagram are hot spots for fake Louis Vuitton, Gucci and Chanel Read More »
BENGALURU (Reuters) -Indian shares ended sharply higher on Wednesday, lifted by automakers and bank stocks, with investor focus fixed on the central bank’s monetary policy decision due Thursday. The blue-chip NSE Nifty 50 index was up 1.14% at 17,463.8, while the S&P BSE Sensex gained 1.14% to 58,465.97. The Reserve Bank of India (RBI) is …
Banks, automakers drive Indian shares higher ahead of cenbank decision Read More »
By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI (Reuters) – Indian debt traders have dismissed government officials’ concerns about bonds being mispriced, saying they reflected fundamentals but the central bank was behind the curve, and urged steps to fight inflation at Thursday’s policy meeting. While high global crude prices, tightening in other markets and potential …
RBI must focus more on inflation to combat spiking yields, traders say Read More »
BENGALURU (Reuters) -Indian telecom operator Bharti Airtel Ltd said on Tuesday it will raise $1 billion in debt, after it reported better-than-expected quarterly revenue on higher tariff rates. Airtel said https://bit.ly/3oAZmLt it would raise the amount, 75 billion rupees ($1 billion), by issuing non-convertible debt securities, including debentures and bonds, but did not reveal how …
India’s Bharti Airtel plans to raise $1 billion in fresh capital Read More »
By Chris Prentice and Marc Jones WASHINGTON/LONDON (Reuters) – Big Tech gave major U.S. stock indexes a boost on Tuesday and European shares ended largely unchanged as a sharp fall in oil prices took the shine off bumper profits from oil company BP. The euro retreated as the European Central Bank tried to cool interest …
Wall Street rallies on tech boost, European shares end flat Read More »
By Kavya Guduru (Reuters) – Gold prices advanced to a near two-week high on Tuesday, buoyed by mounting inflation concerns and Russia-Ukraine tensions, although expectations for a U.S. interest rate hike limited gains. Spot gold rose 0.4% to $1,827.86 per ounce by 13:49 EST (1849 GMT), after hitting its highest since Jan. 26 at $1,828.12 …
Gold firms near 2-week peak as inflation risks lift demand Read More »
By Kavya Guduru (Reuters) – Gold prices advanced to a near two-week high on Tuesday, buoyed by mounting inflation concerns and Russia-Ukraine tensions, although expectations for a U.S. interest rate hike limited gains. Spot gold rose 0.4% to $1,827.03 per ounce by 12:10 p.m. EST (1710 GMT), after hitting its highest since Jan. 26 at …
Gold firms near 2-week peak as inflation risks lift demand Read More »
