By Lucia Mutikani and Jonathan Cable WASHINGTON/LONDON (Reuters) – China’s factory sector grew in February at the fastest pace in more than a decade in a boost for global economy recovery hopes, while data across the U.S. and Europe underlined that inflation in both regions was still not under control. Adding to evidence that activity …
China’s factories power ahead, US and Europe face stubborn inflation Read More »
By Sarah El Safty DUBAI (Reuters) – India could export up to one million tonnes more of sugar in the 2022/23 season if production is at the upper end of current estimates, an official from one of the country’s largest sugar and ethanol manufacturers said on Wednesday. Avantika Saraogi of Kolkata-based Balrampur Chini Mills said …
India could export more sugar in 2022/23 – major sugar company Read More »
By Xie Yu and Scott Murdoch HONG KONG (Reuters) -India’s Adani Group has told creditors it has secured $3 billion loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease concerns about its credit profile after a short-seller attack. The credit line from the …
India’s Adani says has secured $3 billion credit from sovereign wealth fund -sources Read More »
By Ira Dugal MUMBAI (Reuters) -The apparent slowdown in India’s GDP growth in the October-December quarter has been driven to a large extent by revisions to past data, economists said, adding that the growth is evolving on expected lines and may not sway the central bank to pause rate hikes. India’s GDP grew 4.4% in …
India December quarter GDP growth stronger than data suggests – economists Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose nearly 2% on Tuesday, erasing the previous session’s losses, as hopes for a strong economic rebound in China offset worries about U.S. interest rate hikes dragging down consumption in the world’s biggest economy. Brent crude futures for April, which expired on Tuesday, settled higher by $1.44, …
BENGALURU (Reuters) – A push by Group of 20 (G20) president India to regulate cryptocurrencies gained support from both the International Monetary Fund and the United States on Saturday as finance chiefs of the bloc wrap up two-days of talks. India has said it wants a collective global effort to deal with problems posed by …
India’s push to regulate crypto gains IMF, U.S. support at G20 Read More »
By Bharat Gautam (Reuters) – Gold prices on Tuesday were headed for their biggest monthly decline since June 2021 as a stronger dollar and fears that the U.S. Federal Reserve would keep raising interest rates weighed on the non-yielding asset’s appeal. Gold prices touched their highest since April 2022 in early February, but soon reversed …
Gold faces worst month since June 2021 as rate-hike fears dominate Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s market regulator on Tuesday issued interim orders in a case of alleged front-running at Axis Mutual Fund, while issuing show cause orders to a former mutual fund executive and related entities. The Securities and Exchange Board of India (SEBI) directed that 21 entities be barred from the capital …
India’s market regulator bars 21 entities in Axis mutual fund front-running case Read More »
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – New Delhi city authorities have warned Uber and its rival Ola for allegedly violating local transport rules by providing two-wheeler bike taxis, a senior government official told Reuters on Tuesday. The transport department of India’s capital on Feb. 19, issued newspaper ads asking digital companies …
New Delhi city warns Uber, Ola on use of bike taxis -official Read More »
MUMBAI (Reuters) – The State Bank of India, the country’s top lender, on Tuesday said it raised $1 billion via a syndicated social loan from global banks for further lending to certain kinds of socially impactful businesses in India. The funds will be used to further lend to microfinance institutions and self-help groups, a senior …
State Bank of India raises $1 billion via syndicated social loan for further lending Read More »
