By Seher Dareen (Reuters) – Gold rose to a one-month high on Monday, just shy of the $2,000 an ounce level, as concerns around the Russia-Ukraine conflict and rising inflationary pressures increased safe-haven bids for the precious metal. Spot gold rose 0.1% to $1,976.56 per ounce by 2:09 p.m. ET (1809 GMT), after earlier hitting …
Gold hits 1-month high on rising inflation, Ukraine war Read More »
(Corrects paragraph 3 to drop reference to “top” software services provider.) BENGALURU (Reuters) – Indian shares touched three-week lows on Monday, hammered by losses in IT stocks after Infosys crashed 9% on missing March-quarter profit estimates, while inflation concerns globally also weighed on investors’ sentiment. The NSE Nifty 50 index fell 1.89% to 17,142.50, as …
Tech stocks drag Indian shares lower; Infosys hits 8-month low Read More »
(Reuters) – Global bond funds witnessed massive money outflows in the week to April 13, as investors were worried that the Federal Reserve would start tightening its policy more aggressively to contain rising price pressures, which could slow economic growth. According to Refinitiv Lipper, global investors shed bond funds worth $14.5 billion in the reported …
Global bond funds see big outflows in week to April 13 Read More »
NEW DELHI (Reuters) -India’s annual wholesale inflation rate accelerated to 14.55% in March, completing a year in double-digit territory as firms grapple with rising input costs and pass on higher prices to consumers. Rising input costs for products such as fuel, metals and chemicals have pushed up wholesale prices, a proxy for producer prices. This …
India’s March WPI inflation accelerates, adding pressure on retail prices Read More »
By Swati Bhat MUMBAI (Reuters) – The Indian rupee dropped on Monday to its lowest in nearly a month against the dollar, tracking losses in the stock market and weighed by sharp gains in global crude oil prices, while bond yields pulled back from session highs on short-covering. Oil prices climbed to their highest in …
Indian bond yields off session highs on short-covering; rupee near 1-month low Read More »
BENGALURU (Reuters) -Shares of India’s Infosys Ltd fell 9% on Monday to hit an eight-month low after the company last week posted quarterly profit below expectations, raising fears of growth normalisation in the sector after a pandemic-led boom. After market hours on Wednesday, the country’s No.2 software services firm posted a consolidated net profit of …
Infosys shares fall 9% as profit miss stokes growth normalisation fears Read More »
CAIRO (Reuters) – Iraq is still maintaining its position in the Indian oil imports market despite India’s increased imports of Russian oil, state news agency INA reported on Friday, citing the state-owned marketer SOMO’s head, Alaa al-Yasiri. “Several countries including India found Russian crude oil, which is now being sold with big discounts, as an …
(Reuters) – Russian state-owned gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Friday in line with requests from European consumers, the company said. Requests stood at 71.6 million cubic metres for Friday, down from 81.1 million cubic metres on Thursday. (Reporting by Reuters; Editing by Kirsten Donovan)
By Kevin Buckland TOKYO (Reuters) – The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro on Friday, as more hawkish comments from Federal Reserve officials reinforced expectations for faster U.S. policy tightening. The greenback was 0.43% higher at 126.40 yen after earlier reaching 126.56 …
Hawkish Fedspeak keeps dollar king, yen slumps to 20-year low Read More »
By John Kemp LONDON (Reuters) -India faces a persistent shortage of electricity over the next four months as rapid demand growth from air conditioners and refrigeration loads overwhelms the available generation on the network. India’s grid reported a record load of 200,570 megawatts (MW) on July 7, 2021, at the height of last summer, according …
India risks widespread blackouts this summer: Kemp Read More »
