By Tom Hals (Reuters) – Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co to PwC, a global professional services firm. The following is a look at how insurance and international arbitration might soften the blow …
Explainer-Can companies leaving Russia recoup losses through insurance? Read More »
(Reuters) – Gold prices fell on Wednesday as U.S. Treasury yields gained after Federal Reserve officials insisted on sharper interest-rate hikes to combat inflation, although concerns over the Ukraine crisis slowed bullion’s decline. FUNDAMENTALS * Spot gold was down 0.2% at $1,918.29 per ounce by 0130 GMT. U.S. gold futures also slipped 0.2% to $1,918.40. …
Gold slips on higher yields, Ukraine worries limit losses Read More »
By Lawrence Delevingne BOSTON (Reuters) -Treasury yields marched higher on Tuesday, bringing U.S. stocks with them, as investors digested the increased likelihood of swift interest rate hikes following hawkish comments from the U.S. Federal Reserve. The Nasdaq led Wall Street’s main indexes higher, rising nearly 2%, as investors bought the dip in technology stocks, including …
Wall Street stocks, Treasury yields rise on hawkish Fed comments Read More »
By Laura Sanicola (Reuters) -Oil edged lower on Tuesday after it looked unlikely that European Union nations would agree to join the United States in a Russian oil embargo in retaliation for its invasion of Ukraine. EU foreign ministers were split on the ban as some countries, including Germany, say the bloc is too dependent …
Oil edges lower as EU looks less likely to ban Russian oil Read More »
(Corrects latest month in annotation on graphic to say Feb. 2022 and not Feb. 2021) By Seher Dareen (Reuters) – Crude oil processing by Indian refiners rose about 10% year-on-year in February, provisional government data showed, as demand in the world’s third biggest oil importer and consumer grew. Throughput in February rose 9.8% to 5.35 …
Indian refiners hike crude processing in February to meet demand rise Read More »
By Noor Zainab Hussain and Jonathan Stempel NEW YORK (Reuters) -Warren Buffett’s Berkshire Hathaway Inc on Monday struck an agreement to buy insurance company Alleghany Corp for $11.6 billion, only weeks after the 91-year-old billionaire bemoaned a lack of good investment opportunities. Alleghany, the owner of reinsurer Transatlantic Holdings Inc, would expand Berkshire’s large portfolio …
Warren Buffett ends drought with Berkshire’s $11.6 billion Alleghany purchase Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian Oil Corp, the country’s top fuel retailer, will raise petrol and diesel price by 0.80 rupees a litre from Wednesday, the second such increase in pump prices in as many days, a notification sent to dealers showed on Tuesday. From Wednesday, a litre of petrol in Delhi …
India’s top fuel retailer to up petrol, diesel prices again from Wednesday Read More »
By Brijesh Patel (Reuters) – Gold prices fell over 1% to a near one-week low on Tuesday after U.S. Federal Reserve Chair Jerome Powell hinted at big rate hikes this year to curb soaring inflation, sending Treasury yields higher. Gold is highly sensitive to rising U.S. interest rates, as they increase the opportunity cost of …
Gold slips to near 1-week low on Fed Powell’s hawkish stance Read More »
(Reuters) – Ramsay Health Care Ltd and Malaysia-based Sime Darby Holdings have received a $1.35 billion buyout offer from IHH Healthcare Bhd for their Asia joint venture, the Australian hospital operator said on Tuesday. The proposal gives Ramsay Sime Darby an indicative enterprise value of 5.67 billion ringgit ($1.35 billion) on a cash-free, debt-free basis, …
Malaysia’s IHH Healthcare offers $1.35 billion for Ramsay-Sime Darby JV Read More »
HONG KONG (Reuters) -Goldman Sachs expects the U.S. Federal Reserve to raise interest rates by 50 basis points each at its May and June meetings, following hawkish remarks by the central bank’s chair Jerome Powell. The Fed must move “expeditiously” to raise rates and possibly “more aggressively” to keep an upward price spiral from getting …
Goldman sees Fed hiking rates by 50 bps at May, June meetings Read More »
