By Nimesh Vora MUMBAI (Reuters) – Foreign investors are wagering that the Indian rupee will do well against other non-U.S. dollar currencies on the non-deliverable forward market, thanks to the Reserve Bank of India’s currency intervention, traders said on Friday. The rupee will hold up better in an environment where the dollar is likely to …
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares extended losses and are on course to post their worst week in more than eight months on fears of aggressive interest rate hikes by global central banks and a fall in liquidity. The Nifty 50 index fell 0.35% to 17,449.65, while the S&P BSE Sensex edged 0.31% lower …
Indian shares set to log worst week in eight months as sentiment sours Read More »
By Madhumita Gokhale and Sujith Pai BENGALURU (Reuters) – India’s economic growth likely slowed further in the October-December quarter amid weakening demand and is set to lose more momentum as a series of interest rate hikes weigh on activity, according to a Reuters poll of economists. Gross domestic product (GDP) growth in the last quarter …
India’s economic growth likely slowed further to 4.6% in Oct-Dec – Reuters poll Read More »
By Anushka Trivedi MUMBAI (Reuters) – Improving macroeconomic fundamentals have made the Indian rupee more resilient, but the central bank’s ‘hands-on’ approach amid periods of volatility will also ensure the rupee outperforms its Asian peers going ahead, strategists and analysts said. The rupee has dropped 1% versus the U.S. dollar so far in February, as …
Indian rupee to outperform Asian peers amid uncertain Fed rate path – strategists Read More »
By Fanny Potkin and Phuong Nguyen SINGAPORE (Reuters) – U.S streaming giant Netflix Inc is making preparations to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment, two sources with knowledge of the matter said. A local office would make Netflix the first major U.S tech firm with …
Exclusive-Netflix making preparations to open Vietnam office – sources Read More »
By Seher Dareen (Reuters) – Gold prices slipped to their lowest in about two months on Thursday, after a drop in U.S. weekly jobless claims numbers favoured the Federal Reserve’s stance that interest rates would have to go higher to control inflation. Spot gold was down 0.1% at $1,823.16 per ounce by 2:16 p.m. ET …
Gold hits 2-month low as Fed rates seen higher for longer Read More »
PARIS (Reuters) – Indian low-cost airline IndiGo is negotiating the purchase of “several hundred aircrafts” from Airbus, French Finance Minister Bruno Le Maire said in comments published by Les Echos on Thursday. The contract could be signed at the French airshow in Le Bourget in June, the paper said, adding that Le Maire made the …
Airbus close to landing large order from India’s IndiGo, Les Echos cites Le Maire Read More »
By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar was steady against its major peers on Thursday, as new data showed a still-tight U.S. labor market, underpinning convictions that the Federal Reserve’s monetary policy tightening may be far from over. The number of Americans filing new claims for unemployment benefits unexpectedly fell …
Dollar steady as data points to higher-for-longer U.S. interest rates Read More »
LONDON (Reuters) – BBC Director-General Tim Davie has told staff in India that the British broadcaster will not be put off from reporting without fear or favour and that it does not have an agenda, BBC News reported on Thursday. “I’d like to be clear: the BBC does not have an agenda – we are …
‘The BBC does not have an agenda,’ says its chief after India tax search Read More »
By Maytaal Angel LONDON (Reuters) – Fitch Solutions said on Thursday it sees raw sugar prices averaging 2% higher this year as production will likely disappoint in various regions including Europe and India, while demand in China should recover. The research arm of credit ratings agency Fitch Group said it sees raw sugar rising from …
Fitch Solutions sees raw sugar prices averaging 2% higher this year Read More »
