By Swati Bhat MUMBAI (Reuters) – Indian bond yields rose further on Thursday, tracking an uptick in global crude oil prices, while expectations of a March rate increase by the U.S. Federal Reserve were reaffirmed by comments from its chairman, pushing up U.S. yields. Oil prices extended their rally, with Brent rising above $118 a …
Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers Read More »
By Timothy Gardner WASHINGTON (Reuters) – The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the global transition from fossil fuels to cleaner energy sources to fight climate change? The answer is probably not. On the …
Explainer – Why $100 oil could hurt the energy transition more than it helps Read More »
BENGALURU (Reuters) -Indian conglomerate Reliance Industries said on Thursday it would invest 16.7 billion rupees ($220.70 million) to create a joint venture (JV) with U.S.-listed Sanmina Corp for making electronic products in the Asian country. The JV aims to make hardware for 5G communications, cloud infrastructure, healthcare systems, clean technology, and defense and aerospace, Reliance …
Reliance to invest $220 million in Sanmina JV in electronics manufacturing push Read More »
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -U.S. and European stocks rebounded on Wednesday and crude prices surged past $110 a barrel as fighting raged in Ukraine for a seventh day, posing a challenge for central banks hoping to curb rising inflation. Gold prices slipped on improving sentiment and U.S. Treasury yields rose …
Oil surges past $110/bbl, stocks rebound as Ukraine fighting flares Read More »
By Brijesh Patel (Reuters) – Gold slipped on Wednesday due to an uptick in risk appetite and U.S. bond yields, while concerns over a supply crunch that may follow sanctions on Russia kept the price of auto-catalyst metal palladium near a seven-month peak. Spot gold was down 1.3% to $1,917.30 per ounce by 11:46 a.m. …
Gold rally cools as bond yields, stocks recover; palladium rises Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares snapped a feeble two-day winning streak on Wednesday after data showed the country’s economic growth missed estimates, while runaway oil prices owing to the Ukraine crisis loomed large over the world’s third-largest importer of crude. The blue-chip NSE Nifty 50 index was down 1.12% at 16,605.95 at close, …
Indian shares decline over 1% on GDP miss, Ukraine tensions Read More »
By Florence Tan SINGAPORE (Reuters) -Top oil exporter Saudi Arabia may sharply hike prices of crude for Asia in April, trade sources said on Wednesday, with differentials for most grades hitting all-time highs as global supplies tighten over financing and shipping issues from sanctions on Russia. The official selling price (OSP) for Saudi’s flagship Arab …
Saudi Arabia may raise April crude prices to Asia to all-time highs Read More »
By Simon Jessop LONDON (Reuters) – The corporate world remains far from being aligned with global climate goals, and in some countries has gone backwards since a landmark agreement to cap global warming was signed in 2015, data shows. Limiting the world’s temperature rise to 1.5 degrees Celsius above the pre-industrial average by mid-century was …
World’s major companies lag on climate, some markets regress since Paris Read More »
By Krishna N. Das NEW DELHI (Reuters) – India’s production and exports of Russia’s Sputnik COVID-19 vaccines are expected to slow further following U.S. sanctions on Russia’s sovereign wealth fund that promotes the shot globally, three Indian pharmaceutical industry sources told Reuters. The Russian Direct Investment Fund (RDIF) had billed India as one of Sputnik’s …
India’s output, exports of Russia’s Sputnik vaccine at risk due to Ukraine crisis Read More »
By Swati Bhat MUMBAI (Reuters) – Indian bond yields edged higher while the rupee weakened on Wednesday, tracking a sharp rise in global crude oil prices that threatens to push up domestic inflation and widen the country’s current account deficit. Oil prices rose as sanctions on Russian banks following Moscow’s invasion of Ukraine hampered trade …
Indian bonds, rupee fall tracking jump in oil; more losses likely Read More »
