By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Wednesday, after government data showed U.S. crude and fuel inventories fell last week, offsetting concerns that rising coronavirus cases might reduce demand. Brent crude rose 29 cents to settle at $79.23 a barrel. U.S. West Texas Intermediate (WTI) crude rose 58 cents to settle at …
Oil prices edge higher as US oil inventories fall Read More »
By Kavya Guduru (Reuters) – Gold prices slid to a one-week low on Wednesday, dragged by growing appetite for riskier assets and firmer U.S. Treasury yields, although the metal pared some earlier losses on a weakening dollar. Spot gold was last down 0.3% to $1,799.91 per ounce by 10:38 a.m. EDT (1538 GMT), having hit …
Gold slips to 1-week low as equities thrive; dollar dip contains losses Read More »
By Swati Bhat MUMBAI (Reuters) – Financial institutions in India have remained resilient amidst the pandemic and stability prevails in the financial markets, cushioned by policy and regulatory support, according a central bank financial stability report. “Balance sheets of banks remain strong and capital and liquidity buffers are being bolstered to mitigate future shocks, as …
India financial system well cushioned amidst pandemic -central bank Read More »
By Sudarshan Varadhan and Sayantani Ghosh CHENNAI (Reuters) – Apple said it had placed the southern Indian factory of iPhone assembler Foxconn on probation after both companies found that some worker dormitories and dining rooms did not meet required standards. Apple did not explain what probation meant. When it placed the southern India plant of …
Apple puts supplier Foxconn’s India plant on notice after protests Read More »
BENGALURU (Reuters) -Indian shares edged lower in thin year-end trading on Wednesday as weaker metal stocks offset a rally in pharmaceutical firms ahead of the expiration of monthly derivatives. Snapping two sessions of gains, the NSE Nifty 50 index closed down 0.1% at 17,213.60 and the benchmark S&P BSE Sensex fell 0.16% to 57,806.49. “We …
By Kavya Guduru (Reuters) – Gold scaled a one-month high on Tuesday as recent signs of rising inflation underpinned demand, although the metal gave up some early gains due to a firming U.S. dollar. Spot gold was last up 0.1% at $1,811.77 per ounce by 12:37 p.m. EDT (1737 GMT), after hitting its highest since …
Gold perched at one-month high on inflation worries Read More »
By Abhirup Roy and Nupur Anand MUMBAI (Reuters) – India’s market regulator on Tuesday strengthened rules for companies going public, potentially slowing some planned new issues, as it seeks to protect retail investors after a record year of Initial Public Offerings (IPOs). The Securities and Exchange Board of India (SEBI) has set a limit on …
India’s market regulator tightens stock market listing rules Read More »
By Swati Bhat and Nupur Anand MUMBAI (Reuters) – Indian banks need to bolster their capital to absorb potential stress and augment credit flow when policy support is phased out, the Reserve Bank of India said in a report on Trends and Progress of Banking on Tuesday. “Credit growth is muted, indicative of pandemic scarring …
Indian banks must bolster capital and augment credit flow, says report Read More »
BENGALURU (Reuters) -Indian shares closed higher on Tuesday, boosted by technology and auto stocks, as investors mirrored positive trends in global markets and shrugged off worries around the Omicron variant of the coronavirus. The NSE Nifty 50 index ended up 0.86% at 17,233.25 and the benchmark S&P BSE Sensex rose 0.83% to 57,897.48. The Nifty …
Indian shares end higher on upbeat global cues; tech, auto stocks jump Read More »
By Swati Bhat MUMBAI (Reuters) – India’s benchmark 10-year bond yield rose to its highest level since April last year as investors grew cautious of the heavy government debt pipeline, rise in global oil prices and lack of direct support from the central bank. Traders said the absence of a new 10-year bond as part …
India 10-year bond yield at 20-month high; cenbank support eyed Read More »
