Reuters India Business

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 »

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 »

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 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 »