By Sherin Elizabeth Varghese (Reuters) – Gold fell nearly 1% on Tuesday after hitting a near four-week high, pressured by a firmer dollar as investors grew cautious ahead of a potential call between U.S. President Donald Trump and Chinese leader Xi Jinping. Spot gold fell 0.9% to $3,352.30 an ounce as of 2:26 p.m. ET …
Gold falls from near four-week peak on firm dollar, traders eye Trump-Xi call Read More »
MUMBAI/BENGALURU (Reuters) -India’s markets regulator, the Securities and Exchange Board of India (SEBI), has approved the initial public offering (IPO) of HDB Financial Services, marking the HDFC group’s first public float in seven years. According to a document published on the SEBI website on Tuesday, the regulator issued observations on the public listing, allowing the …
India’s HDB Financial gets market regulator nod for IPO Read More »
By Abhijith Ganapavaram and Nandan Mandayam NEW DELHI (Reuters) – Prime Minister Narendra Modi’s high-profile attendance at a global airlines conference this week underscores how much India is banking on a boom in aviation to support wider development goals, but headwinds to its ambitions are gathering force. Undeterred by the uncertainty gripping the aviation sector …
Modi’s soaring Indian aviation ambitions face many headwinds Read More »
(Reuters) – Indian banks are expected to maintain stable asset quality over the next 12 months despite mounting global economic uncertainties driven by trade tensions, Moody’s Ratings said on Tuesday, citing supportive domestic macroeconomic conditions. Government capital expenditure, tax relief for middle-income households, and monetary policy easing are expected to bolster consumption and investment, helping …
Indian banks’ asset quality seen stable amid global uncertainty, Moody’s Ratings says Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee closed marginally lower on Tuesday, but analysts said the underlying bias continues to be for a gradual appreciation to 85 per dollar amid persistent dollar weakness and easing headwinds. The local currency, which settled at 85.59 against 85.3825 in the previous session, had to contend with …
Rupee ends slightly lower, but bias for rise to 85 persists Read More »
By Bharath Rajeswaran (Reuters) -Financials and IT stocks dragged Indian shares down on Tuesday on worries of foreign outflows amid strong US Treasury yields and trade uncertainty, while Adani group shares slipped after a Wall Street Journal report on a U.S. probe into Iranian LPG imports. The Nifty 50 dipped 0.70% to 24,542.5, while the …
Financials, IT weigh on Indian shares; Adani stocks fall on US probe report Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee held steady on Tuesday after a slight dip at open, while implied volatility eased further as traders awaited key domestic and U.S. events this week. The currency slipped past 85.50 at open, down about 15 paisa from Monday, hitting a low of 85.56. The currency has …
Rupee steady after initial dip; implied volatility softens Read More »
(Reuters) -Shares of India’s Adani Group firms fell between 1% and 2.5% on Tuesday, a day after the Wall Street Journal reported that U.S. prosecutors were probing whether Adani entities had imported Iranian LPG into India through their Mundra port. An Adani spokesperson called the report “baseless and mischievous” in a statement, adding: “We are …
India’s Adani Group stocks slip on report US probing alleged Iran sanctions evasion Read More »
By Raphael Satter WASHINGTON (Reuters) -Cryptocurrency exchange Coinbase knew as far back as January about a customer data leak at an outsourcing company connected to a larger breach estimated to cost up to $400 million, six people familiar with the matter told Reuters. At least one part of the breach, publicly disclosed in a May 14 …
Coinbase breach linked to customer data leak in India, sources say Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street ended a choppy session higher on Monday and the dollar softened as trade tensions between Washington and Beijing heated up and investors showed caution ahead of U.S. employment data and a widely expected policy rate cut from the European Central Bank. The S&P 500 notched a modest …
Wall Street closes with modest gains, dollar weakens as trade tensions flare Read More »
