(Reuters) – Feb 8 (Reuters) – Gold prices held steady near a two-week peak on Tuesday, buoyed by mounting inflation concerns and Russia-Ukraine tensions, although expectations for a U.S. interest rate hike limited gains. Spot gold XAU= was up 0.1% at $1,822.20 per ounce by 10:00 a.m. EST (1500 GMT), after hitting its highest since …
Gold firms near 2-week peak as inflation risks lift demand Read More »
BENGALURU (Reuters) -Indian shares recovered from mid-day losses to end higher on Tuesday, lifted by heavyweight Reliance Industries and metal stocks, while edible oil refiner Adani Wilmar surged more than 16% in its market debut. The blue-chip NSE Nifty 50 index rose 0.31% to 17,266.75, while the S&P BSE Sensex closed 0.33% higher at 57,808.58, …
Indian shares snap 3-day losing streak on Reliance, metals boost Read More »
By Nidhi Verma and Marianna Parraga NEW DELHI/MEXICO (Reuters) – Indian Oil Corp (IOC), the country’s top refiner, will increase crude purchases from Iraq by 11.5% in 2022 to 390,000 barrels per day (bpd), partly to make up for a shortfall from Mexico and a possible supply cut from Kuwait, two sources familiar with the …
India’s top refiner raises Iraq oil supplies to offset Mexico cuts – sources Read More »
By Aditi Shah NEW DELHI (Reuters) – India’s Maharashtra state will offer companies like Amazon.com Inc and Uber new incentives to electrify their delivery fleets ahead of a 2025 target for cleaner air, its environment minister told Reuters. One of India’s richest states and home to the financial hub of Mumbai, Maharashtra is an important …
India’s Maharashtra hopes to persuade Amazon, Uber, others to go electric faster Read More »
DUBAI (Reuters) – Dubai’s financial regulator and India’s International Financial Services Centre Authority (IFSCA) have signed a memorandum of understanding to increase supervision, enforcement and oversight on companies with presence in both jurisdictions. The agreement between the Dubai Financial Services Authority and IFSCA will also help in the exchange of information relating to financial crime …
Dubai and India’s financial regulators seek closer cooperation Read More »
BENGALURU (Reuters) -Shares of India’s leading edible oil maker Adani Wilmar Ltd rose as much as 13.5% in their market debut on Tuesday, valuing the company at 339.28 billion rupees ($4.54 billion). The listing on the National Stock Exchange comes amid volatility in broader equities as central banks across the globe tackle high inflation and …
India’s Adani Wilmar valued at about $4.5 billion in market debut Read More »
(Reuters) – India’s Livspace said on Tuesday it crossed the billion-dollar valuation mark after raising $180 million in a late-stage funding round led by KKR & Co, as it looks to double down on international expansion and take on local competitors. The home renovation platform is the 86th “unicorn” from India, according to Venture Intelligence …
India’s Livspace turns unicorn with $180 million KKR-led funding Read More »
By Laura Sanicola (Reuters) -Oil prices settled lower on Monday on faint signs of progress in nuclear talks between the United States and Iran, which could lead to the removal of U.S. sanctions on Iranian oil sales. Last week, crude prices rallied for the seventh week on ongoing worries about supply disruptions fueled by frigid …
Oil settles down off 7-yr highs; U.S.-Iran talks eyed Read More »
By Kavya Guduru (Reuters) – Gold prices climbed to a more than one-week high on Monday, supported by inflation worries and lingering geopolitical risks, as markets awaited key U.S. inflation data for cues on the Federal Reserve’s interest rate hike trajectory. Spot gold rose 0.7% to $1,820.23 per ounce by 13:53 ET (1853 GMT), after …
Gold gains as inflation risks boost safe-haven appeal Read More »
By Kavya Guduru (Reuters) – Gold prices climbed to a more than one-week high on Monday, supported by inflation worries and lingering geopolitical risks, as markets awaited key U.S. inflation data for cues on the Federal Reserve’s interest rate hike trajectory. Spot gold rose 0.6% to $1,818.86 per ounce by 12:32 p.m. ET (1732 GMT), …
Gold gains as inflation risks boost safe-haven appeal Read More »
