By Seher Dareen (Reuters) – Export prices of rice in top exporters India and Thailand fell this week on the back of a decline in domestic currencies, while traders awaited an upcoming harvest in Vietnam. India’s 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week’s $371 to $378, …
Weak local currencies rein in India, Thai export rates Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian private refiner Nayara Energy, part-owned by Russia’s Rosneft, has purchased Russian oil after a gap of a year, buying about 1.8 million barrels of Urals from trader Trafigura, two trade sources said and Refinitiv data shows. Indian companies are snapping up Russian oil as it is available …
India’s Nayara buys Urals after 1 yr; IOC books another 3 million bbls Read More »
By Yuka Obayashi and Heekyong Yang TOKYO (Reuters) – Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said “unfriendly” countries must pay for Russian gas in roubles, in the latest jolt to global energy markets after Moscow’s invasion of Ukraine. Japan, South Korea and Taiwan were on the list …
Asian gas buyers puzzle over Putin’s demand for payment in roubles Read More »
MINUWANGODA, Sri Lanka (Reuters) – Thusitha Hadaragama stood at a corner store near his home in Sri Lanka’s Minuwangoda town this week and surveyed groceries to buy for his family of five, including two school-age children, who live on his monthly salary of 50,000 rupees ($181.82). “Prices have gone up again. I will buy a …
‘Have to eat half’: Sri Lankans feel pain of spiralling economic crisis Read More »
By Asha Sistla (Reuters) – Gold prices were in a range-bound trade on Thursday, as markets exercised caution over the Russia-Ukraine conflict and ahead of U.S. inflation data that could offer fresh clues about the policy stance from the U.S. Federal Reserve. Spot gold was down 0.2% at $1,939.93 per ounce, as of 0517 GMT. …
Gold range-bound as markets eye Ukraine crisis, Fed policy stance Read More »
By Nidhi Verma and Noah Browning NEW DELHI/LONDON (Reuters) -Indian Oil Corp, the country’s top refiner, on Wednesday bought 3 million barrels of Russian Urals and 2 million barrels of West African oil through a tender for May loading, trade sources said. Urals crude has been purchased from trader Vitol on delivered basis at a …
Indian Oil buys 3 million barrels of Urals for May loading – trade sources Read More »
By Lawrence Delevingne (Reuters) -Wall Street pushed stocks and Treasury yields down on Wednesday after both had powered higher earlier in the week as investors took in the strength of the economy and hawkish comments from U.S. policymakers. Two-year U.S. Treasury yields have risen sharply so far in March and were set for their biggest …
Wall Street pulls back on stocks, Treasury yields dip Read More »
By Seher Dareen (Reuters) – Gold rose on Wednesday as unruly inflation and the intensifying Ukraine crisis fed demand for the safe-haven metal, although a firmer dollar and high bond yields put a lid on gains. Spot gold rose 0.8% to $1,937.52 per ounce by 2:05 p.m. ET (1805 GMT). U.S. gold futures settled up …
Gold gains on concerns over Ukraine crisis, inflation Read More »
By Aftab Ahmed, Aditi Shah and Aditya Kalra NEW DELHI (Reuters) -India has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets, government officials and industry sources said, in a blow to foreign funds and stock exchanges seeking to tap into the country’s tech boom. New …
Exclusive-India mothballs plan to let local firms list overseas -sources Read More »
BENGALURU (Reuters) -Financial and automobile stocks drove Indian shares lower on Wednesday as investors weighed higher oil prices in the absence of any major domestic trigger. The blue chip NSE Nifty 50 index ended down 0.40% at 17,245.65, while the benchmark S&P BSE Sensex fell 0.53% to 57,684.82. A rally in information technology stocks and …
Financial, auto stocks drive Indian shares lower as investors weigh higher oil prices Read More »
