By Arathy Somasekhar HOUSTON (Reuters) – Oil prices fell on Wednesday as fears that more aggressive U.S. interest rate hikes would pressure economic growth and oil demand outweighed a larger-than-expected draw in U.S. crude stocks. Both oil benchmarks had dropped by more than 3% on Tuesday after comments by U.S. Federal Reserve Chair Jerome Powell …
By Bharat Gautam (Reuters) – Gold steadied on Wednesday after shedding nearly 2% in the previous session on an elevated dollar, with demand for the non-yielding asset blunted by Federal Reserve Chair Jerome Powell signalling more rate hikes. Spot gold was nearly flat at $1,813.85 per ounce by 1:44 p.m. ET (1844 GMT) after hitting …
Gold holds near 1-week low as Powell sticks to hawkish narrative Read More »
By Praveen Menon and Scott Murdoch SYDNEY (Reuters) -Investment firm GQG Partners Inc founder Rajiv Jain will meet clients and investors in Australia this week and will explain its investment into embattled Indian conglomerate Adani Group, among other things, the company said on Tuesday. GQG Partners bought shares worth $1.87 billion in four Adani group …
GQG founder Jain to meet Australian investors after $1.9 billion Adani investment Read More »
((This March 7 story has been corrected to clarify lenders will release pledged shares, not promoters, in paragraphs 4 and 5) ) BENGALURU (Reuters) – Embattled Indian conglomerate Adani Group said it prepaid share-backed financing of 73.74 billion rupees ($901.16 million), as it looks to allay fears over leverage and debt since a U.S. short seller’s …
India’s Adani Group pre-pays over $900 million worth share-backed financing (March 7) Read More »
SINGAPORE (Reuters) – GAIL (India) Ltd has issued a swap tender offering one liquefied natural gas (LNG) cargo for loading in the United States in exchange for another cargo for delivery to India, said two industry sources on Wednesday. India’s largest gas distributor is offering the cargo for loading from May 21-23 from Cove Point, …
GAIL India issues swap tender for LNG cargo -sources Read More »
By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – India’s federal government should restrict borrowing in the first half of next fiscal year to 55% of the target with a higher share of longer-tenor bonds, market participants said in their discussions with the central bank last week, multiple traders said on Wednesday. The Reserve Bank …
India must limit H1 bond sales to 55% of annual goal, sell more long-end debt – traders Read More »
By Sarita Chaganti Singh, Sudarshan Varadhan and Carman Chew NEW DELHI/SINGAPORE (Reuters) – Surging power demand in India poses a challenge for a country where solar power is growing rapidly but generation capacity is stretched when the sun goes down. In 2022, India’s power demand grew about 8% – or at nearly double the pace …
By Praveen Menon and Lewis Jackson SYDNEY (Reuters) -GQG Partners would likely expand its investment in the Adani group, the fund firm’s founder Rajiv Jain said on Wednesday, a week after its $1.9 billion infusion into the embattled Indian conglomerate. “Chances are we’ll probably buy more because we typically initiate a position and then depending …
GQG Partners likely to step up investment in Adani group, says founder Read More »
By Krishn Kaushik and Kirsty Needham NEW DELHI/SYDNEY (Reuters) – Australia’s Prime Minister Anthony Albanese arrives in India on Wednesday seeking to strengthen the new momentum in ties between the two countries through deeper trade, investment and defence relations. The three-day visit by Albanese, the first by an Australian prime minister since 2017, comes days …
India, Australia aim to boost economic, defence ties at first summit of PMs Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices fell by $3 a barrel on Tuesday after comments from U.S. Federal Reserve Chair Jerome Powell stoked rate hike fears, the dollar strengthened and top crude importer China issued weak data. Brent crude futures shed $2.89, or 3.4%, to settle at $83.29 a barrel, while the U.S. …
Oil falls by $3/bbl as investors brace for steeper US rate hikes Read More »
