By Medha Singh and Lisa Pauline Mattackal (Reuters) – As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2 trillion barrier and is proving surprisingly resilient amid global chaos. At Monday’s high of $47,765, market leader bitcoin broke above the narrow …
Cryptoverse: Buoyant bitcoin helps market cruise past $2 trillion Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices tumbled about 7% on Monday after China’s financial hub of Shanghai launched a lockdown to curb a surge in COVID-19 infections, prompting renewed fears of demand destruction. Brent crude futures fell $8.17, or 6.8%, to settle at $112.48 a barrel. U.S. West Texas Intermediate (WTI) crude futures …
Oil slides about 7% on concerns of weaker Chinese demand Read More »
By Seher Dareen (Reuters) – Gold retreated on Monday on pressure from higher U.S. Treasury yields and a firmer dollar, while easing supply concerns ahead of Russia-Ukraine peace talks sent autocatalyst palladium tumbling nearly 8%. Spot gold fell 1.07% to $1,936.36 per ounce by 12:01 p.m. ET(1601 GMT), while U.S. gold futures declined 0.9% to …
Gold falls on firmer U.S. yields, dollar; palladium sinks 8% Read More »
By Seher Dareen (Reuters) – Gold retreated on Monday on pressure from higher U.S. Treasury yields and a firmer dollar, while easing supply concerns ahead of Russia-Ukraine peace talks sent autocatalyst palladium tumbling nearly 8%. Spot gold XAU= fell 1.07% to $1,936.36 per ounce by 12:01 p.m. ET(1601 GMT), while U.S. gold futures GCv1 declined …
Gold falls on firmer U.S. yields, dollar; palladium sinks 8% Read More »
By Rama Venkat BENGALURU (Reuters) – Shares of India’s largest multiplex operators PVR Ltd and INOX Leisure Ltd surged on Monday after the firms floated https://bit.ly/36XikGo their plans to merge, as the entertainment industry looks to bounce back from the COVID-19 crisis and minimise losses. INOX, the country’s second-biggest multiplex chain, will merge with bigger …
Indian multiplex firms PVR, INOX jump on merger deal Read More »
BENGALURU (Reuters) – Indian shares recovered from early losses on Monday to snap a three-session losing streak, as heavyweight banks clawed back lost ground, and Coal India and telecom major Bharti Airtel posted sharp gains. The blue-chip NSE Nifty 50 index closed 0.4% higher at 17,222, while the S&P BSE Sensex rose 0.4% to 57,593.49. …
Indian shares snap three-day fall; Coal India, Airtel jump Read More »
By Nidhi Verma NEW DELHI (Reuters) -India is not considering buying oil from Russia or any other country using Indian rupees, the junior oil minister told parliament on Monday, after Western nations imposed sanctions on Russia over its invasion of Ukraine. With Western sanctions hitting Russia’s dollar-based trading, there is focus on Moscow’s efforts to …
India says no plans for now to buy Russian oil in rupees Read More »
By Neha Arora NEW DELHI (Reuters) -India is trying to ensure steady supplies of coking coal for domestic steel companies including from Moscow, the top civil servant at the Ministry of Steel Sanjay Kumar Singh told Reuters on Monday, amid a surge in global prices. Indian steel companies are reeling from the impact of high …
India working to secure steady supplies of coking coal, says official Read More »
NEW DELHI (Reuters) – India’s two largest multiplex firms said on Sunday they would merge to create a giant cinema operator with more than 1,500 screens across 109 cities as the entertainment industry recovers from the COVID-19 pandemic. PVR and INOX Leisure said the merger, which is subject to regulatory approvals, would help both companies …
India’s largest multiplex operators to merge, creating cinema giant Read More »
By Nidhi Verma NEW DELHI (Reuters) -Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the U.S. currency in the wake of the Ukraine conflict. European countries and the …
Russia’s Gazprom seeks gas payments in euros from India’s GAIL -sources Read More »
