By Allison Lampert and David Shepardson (Reuters) -A preliminary report into the deadly crash of an Air India jetliner in June is expected to be released by Friday, three sources with knowledge of the matter said, with one adding the probe had narrowed its focus to the movement of the plane’s fuel control switches. The …
Air India jet’s fuel switches in focus, as crash preliminary report nears Read More »
By Hannah Lang NEW YORK (Reuters) -The yen took a hit on Tuesday after U.S. President Donald Trump reiterated his plan to impose 25% tariffs on goods from Japan and South Korea in the latest twist of his unpredictable trade war. The Australian dollar charged higher after the country’s central bank defied market expectations and left …
Yen struggles after Trump tariff letter; Aussie jumps after RBA hold Read More »
By Jayshree P Upadhyay (Reuters) -India’s markets regulator said on Tuesday that there was no proposal under consideration to link options leverage limits to cash positions. The Securities and Exchange Board of India (SEBI) issued the statement after its chairman said on Monday that the regulator is stepping up surveillance to detect manipulation in derivatives …
By Anushree Mukherjee (Reuters) – Gold prices slipped more than 1% on Tuesday, as optimism over trade deals between U.S. and its trading partners weighed on safe-haven flows, with a firmer U.S. dollar and rising Treasury yields adding further pressure. Spot gold eased 0.8% to $3,307.16 per ounce, as of 01:49 p.m. EDT (1749 GMT), …
NEW DELHI (Reuters) -India’s government last week directly ordered X to block more than 2,000 accounts, including two belonging to Reuters News, the social media platform said on Tuesday in a sharp public attack on “ongoing press censorship” in India. Two Reuters News accounts – @Reuters and @ReutersWorld – were suspended for India users late …
X says Indian government ordered it to block Reuters News accounts in India Read More »
(Reuters) -India’s central bank said on Tuesday it will conduct a two-day variable rate reverse repo auction worth one trillion rupees ($11.67 billion) on July 9. The move follows the central bank’s decision last week to conduct a seven-day variable rate reverse repo auction worth 1 trillion rupees, which was held on July 4. Earlier, …
India central bank announces two-day rate reverse repo auction on July 9 Read More »
MUMBAI (Reuters) -India’s Multi Commodity Exchange will launch the country’s first electricity futures contracts on Thursday, providing power generators, distribution companies, and large industrial consumers with a tool to hedge their risks. The exchange will initially launch cash-settled contracts for the current and next three-month periods, but they will subsequently be available for all 12 …
India’s MCX to launch electricity futures as hedge against weather-driven demand shifts Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) – India’s benchmark indexes inched up on Tuesday, led by gains in financials, though broader market weakness and uncertainty around U.S. President Donald Trump’s new tariff proposals capped overall gains. The Nifty 50 rose 0.24% to 25,522.50 points and the BSE Sensex added 0.32% to 83,712.51. Eight …
Financials lead Indian equity benchmarks higher; tariff jitters cap gains Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee posted modest gains on Tuesday, tracking strength in regional peers, as markets looked past the White House’s tariff letters and instead took solace in the deadline extension to August 1 that leaves room for deals to be struck. The rupee closed at 85.6950 against the U.S. …
Rupee inches up tracking regional peers, spotlight stays on tariffs Read More »
By Urvi Dugar and Chandni Shah BENGALURU (Reuters) -Jane Street has told staff it will contest a ban by India’s financial regulator which has accused the U.S. high-frequency trading giant of market manipulation, adding that its practices in question were “basic index arbitrage trading”. Jane Street said it was “beyond disappointed” by what it called …
Jane Street to challenge India ban, says it engaged in basic arbitrage Read More »
