By Nidhi Verma NEW DELHI (Reuters) – Indian bulk diesel buyers are snapping up diesel from retail stations as pump prices are 25 rupees ($0.33) a litre cheaper than their bulk contract prices, a spokesperson for a fuel retail joint venture of Reliance Industries Ltd and energy major BP said. Indian state-run fuel retailers, who …
Indian bulk diesel buyers rush to secure supplies from cheaper retail outlets Read More »
NEW DELHI (Reuters) – Reliance Retail, owned by Indian billionaire Mukesh Ambani, said on Sunday it acquired a majority stake in Purple Panda Fashions Private Limited, which owns a popular lingerie brand, for $125 million, further expanding in the apparel and underwear sectors. India’s largest retail chain will own an 89% equity stake in Purple …
India’s Reliance Retail acquires lingerie brand for $125 million Read More »
By Asif Shahzad ISLAMABAD (Reuters) – The International Money Fund (IMF) has asked Pakistan to explain how it would fund a $1.5 billion subsidy package announced by Prime Minister Imran Khan, Finance Minister Shaukat Tarin said on Sunday. “There are no issues. We have given them details as to where the funds would come from,” …
IMF asked Pakistan to show how it would fund $1.5 billion subsidy package – minister Read More »
By Sanjeev Miglani NEW DELHI (Reuters) – India’s oil imports from the United States will rise by 11% this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers around the world, including heavily sanctioned Russia. The surge in oil prices following Russia’s invasion of Ukraine last month threatens …
India’s oil imports from U.S. to rise, amid criticism for Russian purchases Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar index bounced back on Friday from recent declines as Federal Reserve officials said the central bank may need to be more aggressive to deal with inflation, while the dollar hit a fresh six-year high against the yen. The U.S. dollar also was up 0.1% versus …
Dollar gains on Fed official remarks, stays firm vs yuan after Biden-Xi talk Read More »
By Laura Sanicola (Reuters) – Oil prices settled higher on Friday, but posted a second straight weekly loss, after a volatile trading week with no easy replacement for Russian barrels in a tight market. Brent crude futures settled up $1.29, or 1.2%, to $107.93 a barrel, a day after surging nearly 9% in the biggest …
Oil settles up but posts second consecutive weekly decline Read More »
By Andrew MacAskill and Paul Sandle LONDON (Reuters) – Russian businessman Roman Abramovich transferred a company he controlled with tens of millions of dollars of investments to a director of English soccer club Chelsea on the day Russia invaded Ukraine, UK corporate filings showed. It was the second time Chelsea owner Abramovich moved assets to …
By Brijesh Patel (Reuters) – Gold was on track for its biggest weekly drop in nearly four months on Friday, after demand for the safe-haven metal was hit by hopes of progress in peace talks between Russia and Ukraine as well as a U.S. interest rate hike. Spot gold slipped 0.6% to $1,931.90 per ounce, …
Gold set for worst week since November as safe-haven demand eases Read More »
By Bharat Gautam (Reuters) – Gold dipped on Friday as the dollar strengthened, with prices on course for their biggest weekly fall in nearly four months as some of the safe-haven demand spurred by Russia’s invasion of Ukraine cooled. Spot gold was down 0.3% to $1,937.40 per ounce, as of 1147 GMT. U.S. gold futures …
Gold slips on stronger dollar, set for biggest weekly fall since Nov Read More »
NEW DELHI (Reuters) – Iran is ready to meet India’s energy security needs, its ambassador to India was quoted as saying on Friday, as negotiations continue between the world powers and Tehran on the lifting of sanctions against the OPEC-member. Iran used to be the second-largest oil supplier to India but New Delhi had to …
Iran ready to meet India’s energy needs, Tehran envoy tells New Delhi Read More »
