By Rajendra Jadhav MUMBAI (Reuters) – After two years of lull, India’s sugar consumption is set to hit record highs in the current summer season as demand from bulk consumers such as cold drink and ice cream-makers rises after the lifting of COVID-19 restrictions, industry officials said. India’s sugar consumption in the 2021/22 marketing year …
India’s sugar sales to race to record high as summer demand peaks Read More »
By Asha Sistla (Reuters) – Gold inched lower in range-bound trade on Thursday, as the dollar and yields gained after the U.S. Federal Reserve reiterated its aggressive stance to combat inflation, while uncertainty over the Ukraine conflict capped bullion’s losses. Spot gold was down 0.2% at $1,920.82 per ounce by 0518 GMT. U.S. gold futures …
Gold eases as dollar, yields rise after hawkish Fed minutes Read More »
By Leika Kihara and Wayne Cole (Reuters) – Some Asian central banks are shaking off their long-held reluctance to follow their global peers in lifting benchmark interest rates off historic lows, as the Ukraine war blows consumer prices well out of policymakers’ comfort zones. The region’s economies have largely lagged U.S. and European reopenings from …
Surging prices nudge Asia’s reluctant central bank hawks off the sidelines Read More »
By Seher Dareen (Reuters) – Gold prices held steady after Wednesday’s release of the minutes of the Federal Reserve meeting in March, as the metal’s appeal as a safe haven and inflation hedge offset an expected 50 basis point rate hike by the U.S. central bank. Spot gold XAU= was little changed at $1,923.50 per …
Gold steady as inflation, Ukraine worries counter U.S. rate hike bets Read More »
By Tim Hepher PARIS (Reuters) – European planemaker Airbus delivered between 140 and 142 aircraft in the first quarter, up almost 13% from the same period last year, industry sources said on Wednesday. Airbus declined comment ahead of monthly orders and deliveries data due on Friday. The figures imply March deliveries of some 62 jets, …
Airbus Q1 deliveries climb 13%, details output plans Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares fell for a second straight session on Wednesday, pulled down by heavyweight financials, as concerns over surging inflation and prospects of aggressive rate hikes by the U.S. Federal Reserve weighed. The NSE Nifty 50 index ended down 0.83% at 17,807.65 and the S&P BSE Sensex fell …
Indian shares fall on inflation worries, prospect of aggressive Fed hikes Read More »
By Aditi Shah NEW DELHI (Reuters) – India’s Tata Motors said it plans to launch electric vehicles (EVs), including SUVs, using a new design which will allow for a larger battery and a range of up to 500 kilometres. Prime Minister Narendra Modi has made EVs a major focus for India’s government, which is offering …
India’s Tata Motors plans longer range EVs in 2 years with new design Read More »
BENGALURU (Reuters) -Indian digital payments firm Paytm said on Wednesday it is aiming to be operationally profitable by September next year, seeking to allay doubts about its business model that has clouded the stock. Backed by China’s Ant Group and Japan’s SoftBank Group Corp (9984.T), Paytm raised $2.5 billion in India’s biggest initial public offer …
India’s Paytm targets profitability by Sept 2023 Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Major online platforms face a yearly fee up to 0.1% of annual net income to cover the costs of monitoring compliance with new European Union rules requiring them to do more to police their content, an EU document shows. The Digital Services Act (DSA) rules are likely to be …
Exclusive-Big online firms face 0.1% supervisory fee under new EU rules Read More »
By Ben Klayman DETROIT (Reuters) – General Motors and Honda Motor Co said on Tuesday they will develop a series of lower-priced electric vehicles based on a new joint platform, producing potentially millions of cars from 2027 in a bid to beat Tesla in sales. The announcement expands on plans for GM to begin building …
GM and Honda to produce ‘attainable EVs’ in bid to surpass Tesla sales Read More »
