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 »
By Paresh Dave and Julia Love (Reuters) -Alphabet Inc’s Google has settled with six current and former employees who had alleged the company unfairly stifled worker organizing in a case stemming from potential sales of its cloud technology to U.S. immigration authorities — an abrupt ending to a trial that had been paused for several …
Google settles over firing of workers protesting immigration cloud deal Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar strengthened against a basket of major currencies on Monday, in the wake of comments from U.S. Federal Reserve Chair Jerome Powell that opened the door for the central bank to take a more aggressive monetary policy path. The greenback had been fluctuating between slight gains and …
By Nidhi Verma NEW DELHI (Reuters) – Indian state fuel retailers will raise petrol and diesel pump prices by 0.8 rupees ($0.0105) per litre from Tuesday, the first increase since November, two dealers told Reuters late on Monday. The dealers, who declined to identified, said they had received information from oil companies about the retail …
India to raise petrol, diesel retail prices after 4-month hiatus – dealers Read More »
BENGALURU (Reuters) -Indian shares ended nearly 1% lower on Monday after making sizeable gains the previous week, weighed down by losses in bank stocks, while a surge in oil prices stoked inflation fears. The blue-chip NSE Nifty 50 index closed 0.98% lower at 17,117.60, while the benchmark S&P BSE Sensex lost 0.99% to end at …
Indian shares kick off week with 1% fall as oil prices climb Read More »
By Swati Bhat MUMBAI (Reuters) – Indian bond yields edged up on Monday while the rupee weakened as an uptick in crude oil prices fanned fears of imported inflation and higher trade and current account deficits. Oil prices jumped more than $3 on the day, pushing global benchmark Brent to above $111 a barrel as …
By Asha Sistla (Reuters) – Gold prices rose on Monday, lifted by demand for the safe-haven metal as the Ukraine crisis showed no signs of abatement, although the gains were capped by the U.S. Federal Reserve’s plan of aggressive measures to combat inflation. Spot gold rose 0.2% to $1,924.45 per ounce by 0712 GMT. U.S. …
Gold rises as Ukraine crisis persists, hawkish Fed caps gains Read More »
NEW DELHI (Reuters) – Suzuki Motor plans to invest 104.4 billion rupees ($1.37 billion) in its India factory to produce electric vehicles (EVs) and batteries, Maruti Suzuki India, majority-owned by the Japanese carmaker, said on Sunday. It is the first major EV plan announced by Maruti Suzuki for India in a bid to align itself …
Japan’s Suzuki to invest $1.4 billion for EVs at India factory Read More »
