By David Henry and Herbert Lash NEW YORK (Reuters) – The dollar fell on Wednesday after the U.S. Federal Reserve moved to a hawkish monetary policy but without delivering a tougher surprise that might have added to its weeks-long momentum. The dollar index, which had gained 3% since the start of the Russia-Ukraine war on …
Dollar falls as hawkish Fed delivers without an extra kick Read More »
NEW DELHI (Reuters) – India’s Bharat Petroleum Corp has deferred a maintenance shutdown of a crude unit at a 240,000 barrels per day (bpd) Mumbai refinery to May as its seeks to gain from strong fuel cracks, two sources aware of the plan said. India’s second-biggest state refiner had plans to shut a 120,000 bpd …
India BPCL delays 25-day crude unit shutdown to May – sources Read More »
By Brijesh Patel (Reuters) – Gold fell to more than a two-week low on Wednesday as the safe-haven appeal of the metal was dimmed by hopes of progress in Russia-Ukraine talks, with rising bond yields adding pressure to bullion as markets braced for a U.S. interest rate hike. Spot gold was down 0.4% to $1,909.41 …
Gold slips on Ukraine peace talks, looming Fed rate hike Read More »
By Noah Browning LONDON (Reuters) – Oil markets could lose three million barrels per day (bpd) of Russian crude and refined products from April, the International Energy Agency (IEA) said on Wednesday, exceeding the one million bpd per day demand drop high prices are expected to cause. The Paris-based watchdog said sanctions and buyer reluctance …
IEA says market may lose 3 million bpd of Russian oil next month Read More »
By Swati Bhat MUMBAI (Reuters) – The Indian rupee firmed on Wednesday, tracking gains in emerging market assets on the back of weak global crude oil prices, even as caution prevailed ahead of the U.S. Federal Reserve’s policy decision due later in the day. Most emerging Asian stock markets advanced, buoyed by a fall in …
Indian rupee tracks peers higher; Fed meeting in focus Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – India is rolling out measures to help the country become a major exporter of high-quality wheat as importers scramble for supplies after Russia’s invasion of Ukraine, two government sources said. Steps to be implemented over about two weeks include ensuring government-approved laboratories test the quality of wheat for …
Exclusive-India acts to seize gap in wheat export market left by Ukraine war Read More »
By Abhirup Roy and Aditya Kalra NEW DELHI (Reuters) – For more than a year, Amazon.com Inc and India’s Future Group have been locked in a complex legal stand-off that has stalled Future’s $3.4 billion sale of assets to rival Reliance Industries, the country’s biggest conglomerate. Amazon and Future agreed to out-of-court settlement discussions this …
Explainer – Amazon’s battle with Reliance for India retail supremacy Read More »
SINGAPORE (Reuters) -Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at $4.70 a barrel above the Oman/Dubai average for April, up $2.05 from the previous month, two industry sources with direct knowledge of the matter said on Wednesday. The table below shows April crude prices to …
Iran raises April crude oil selling prices for Asia – sources Read More »
By Nidhi Verma and Anuron Kumar Mitra NEW DELHI (Reuters) -India’s gasoline and gasoil sales rose above pre-COVID levels of 2019 in the first half of March, preliminary data released on Wednesday showed, as consumers and dealers topped tanks ahead on likelihood of a fuel price hike after March 10. State-controlled retailers sold 3.53 million …
India’s gasoil, gasoline sales top pre-COVID level on price hike fears Read More »
By Anuron Kumar Mitra BENGALURU (Reuters) – Indian shares rose more than 1% on Wednesday, with banking and automobile stocks helping the markets rebound, as investors closely watched the U.S. Federal Reserve for projections on its path of rate hikes this year. As of 0521 GMT, the blue-chip NSE Nifty 50 index was up 1.40% …
Banks, automakers help Indian shares rebound; Fed in focus Read More »
