By Indradip Ghosh BENGALURU (Reuters) – India’s factory activity expanded at a slower pace in March as rising prices meant new orders and output grew at their weakest rate since September, according to a survey released on Monday that also showed optimism at a two-year low. The survey provides the latest evidence the recovery in …
India’s factory activity slowed in March, optimism at two-year low – PMI Read More »
By Sudarshan Varadhan NEW DELHI (Reuters) -India’s southern Andhra Pradesh has cancelled bids made for two separate tenders by India’s Adani Enterprises to supply imported coal as the prices quoted were too high, two state government officials told Reuters. It is the first time in recent years that a major government tender for imported coal …
Indian state cancels Adani bids to supply imported coal Read More »
By Sudarshan Varadhan and Chris Thomas NEW DELHI/BENGALURU (Reuters) -India’s electricity generation rose in March at its fastest pace in three months, government data showed, as increased use of air-conditioning in hotter weather and the return of employees to offices led to an increase of 5.99% in output. Demand could surge further heading into summer, …
India’s electricity output in March grows at fastest rate in 3 months Read More »
NEW DELHI (Reuters) – India’s power regulator has asked the country’s electricity exchanges to cap prices at 12 rupees ($0.1580) per unit amid a surge in power demand and the rising cost of imported coal. During the past few days, prices discovered at power exchanges have remained “significantly” higher, the Central Electricity Regulatory Commission said …
India’s power regulator caps prices at electricity exchanges Read More »
By Seher Dareen (Reuters) – Gold retreated on Friday and was set to post a weekly decline after robust U.S. jobs data drove the dollar higher and bolstered bets that the Federal Reserve would aggressively raise rates. Spot gold XAU= fell 0.8% to $1,921.48 per ounce by 01:01 p.m. ET (1701 GMT). U.S. gold futures …
Gold falls 1% after strong U.S. jobs data, firmer dollar Read More »
By Jonathan Saul (Reuters) – Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow’s exports, five industry sources with knowledge of the matter told Reuters. Losing access to refuelling points in the Mediterranean Sea poses major logistical problems for Russian …
Exclusive-Ship fuel suppliers stop serving Russian vessels in the Med – sources Read More »
By Maytaal Angel LONDON (Reuters) – Commodity traders have started diverting sugar shipments away from Russia, according to industry sources and shipping data, a move set to further boost soaring domestic prices and ratchet up pressure on the Russian government to cool food inflation. Russia needed sugar imports this year after two successive shortfalls in …
Russia faces rising sugar prices, shortages as traders divert shipments Read More »
By Corina Pons MADRID (Reuters) – The daughter of Inditex’s billionaire founder takes the helm of his Zara fashion empire on Friday with a more hands-on role than originally expected by outsiders, though a much lower salary than her veteran predecessor. Marta Ortega, Amancio Ortega’s youngest child, will not only be non-executive chairperson, as announced …
Analysis-More than a chairperson – founder’s daughter takes Zara helm Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian state refiners’ gasoil and gasoline sales surged to a three-month high in March on increased demand from dealers and consumers ahead of an expected sharp rise in retail prices after elections in key states. State refiners’ average daily sales of gasoline and gasoil were 86,850 tonnes and …
Indian gasoil and gasoline sales surge as dealers top up tanks Read More »
By Asha Sistla (Reuters) – Gold prices fell on Friday as a stronger U.S. dollar negated safe-haven demand triggered by a lack of progress in Russia-Ukraine peace talks, while investors cautiously awaited U.S. jobs data that could provide cues on policy tightening. Spot gold was down 0.4% at $1,930.16 per ounce by 0719 GMT, and …
Gold eases as dollar strengthens ahead of U.S. data Read More »
