By Bharat Gautam (Reuters) – Gold prices fell more than 1% on Tuesday, as the dollar jumped after Federal Reserve Chair Jerome Powell indicated rate hikes could come at a faster pace from the U.S. central bank in his testimony to a congressional committee. Spot gold was down 1.8% at $1,813.11 per ounce by 1:54 …
Gold down over 1% after Powell’s hawkish testimony boosts dollar Read More »
BENGALURU (Reuters) – HDB Financial Services, the non-bank lending unit of India’s top private lender HDFC Bank, said on Tuesday there was a data breach at one of its service providers which processes customer information. “We have taken immediate steps to secure the service provider’s system to prevent any further unauthorized access,” HDB said in …
India’s HDB Financial Services flags data breach at service provider Read More »
NEW DELHI (Reuters) – The Indian government on Tuesday said it has directed two of its agencies to “immediately intervene” and purchase red onion crops from the market after prices fell significantly over the last month, resulting in protests by farmers. Prices of the crop have fallen to as low as 200 rupees ($2.44) per …
Indian agencies to buy red onion as prices plunge on surplus output Read More »
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) – Sri Lanka is negotiating with India to extend a $1 billon credit line by a few months, two sources told Reuters, as the island nation tries to line up funds for the rest of the year while the IMF looks set to approve a $2.9 billion …
By Madhumita Gokhale and Sujith Pai BENGALURU (Reuters) – India’s housing market will remain resilient despite rising interest rates and a weak global economic outlook, according to a Reuters poll of property analysts who have barely changed their forecasts from three months ago. Defying a global trend of falling housing prices as mortgage rates rise …
India housing market to remain resilient despite higher interest rates: Reuters poll Read More »
By Bharat Gautam (Reuters) – Gold eased from an earlier near three-week high on Monday as investors prepared for Congressional testimony from Federal Reserve Chair Jerome Powell this week and monthly U.S. jobs data, both of which could influence interest rate policy. Spot gold was down 0.5% at $1,846.54 per ounce by 2:56 p.m. ET …
Gold dips as market braces for U.S. Fed chief testimony, jobs data Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street edged higher and the greenback softened on Monday as investors weighed China growth expectations and a drop in U.S. factory orders, while looking ahead to U.S. Federal Reserve Chairman Jerome Powell’s congressional testimony and crucial jobs data later in the week. All three major U.S. stock …
Wall St pares gains, Treasury yields turn higher ahead of Powell testimony Read More »
By Karen Brettell NEW YORK (Reuters) – The greenback slipped against a basket of currencies on Monday as investors awaited testimony by Federal Reserve Chair Jerome Powell and jobs data due later this week for further indications on how much higher the U.S. central bank is likely to raise interest rates. Powell’s testimony before Congress …
Dollar dips, Powell testimony and jobs data in focus Read More »
NEW DELHI (Reuters) – India’s top explorer Oil and Natural Gas Corp has signed a memorandum of understanding with French major TotalEnergies for exploration of deep-water blocks, the company tweeted on Monday. India, the world’s third biggest oil importer and consumer, ships in over 85% of its oil from overseas. The country wants to quickly …
India’s top explorer ONGC signs MoU with France’s TotalEnergies Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares extended gains for a second session in a row on Monday, after strong economic data from the United States and investment in the Adani group of companies boosted risk appetite. The Nifty 50 index closed 0.67% higher to 17,711.45, while the S&P BSE Sensex gained 0.69% to 60,224.46. …
Indian shares extend rally on improved risk sentiment Read More »
