By Brijesh Patel (Reuters) – Gold prices fell on Wednesday as the dollar rose after minutes from the U.S. Federal Reserve’s latest policy meeting showed policymakers backed more interest rate hikes to tame inflation. Spot gold was down 0.5% at $1,825.60 per ounce, as of 02:32 p.m. EST (1932 GMT). U.S. gold futures settled 0.1% …
Gold slips as dollar gains after release of U.S. Fed minutes Read More »
By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India (RBI) is likely intervening in both the offshore and onshore markets to shield the rupee from the fallout of investors lifting their expectations on the U.S. Federal Reserve’s terminal rate, traders said on Wednesday. The rupee has fared much better against the dollar than …
Indian cenbank onshore, offshore intervention helps rupee outperform-traders Read More »
By Arpan Chaturvedi NEW DELHI (Reuters) – A Pernod Ricard India executive jailed since November over an investigation into alleged liquor policy violations sought bail on Wednesday in a hearing before New Delhi’s top city court. Benoy Babu, head for international brands for Pernod India, was arrested on Nov. 11 as India’s federal financial crime …
Pernod India executive requests bail in Delhi liquor policy case Read More »
By Shivangi Acharya, Sarita Chaganti Singh and Aftab Ahmed BENGALURU (Reuters) -India does not want the G20 to discuss additional sanctions on Russia for its invasion of Ukraine during New Delhi’s one-year presidency of the bloc, six senior Indian officials said on Wednesday, amid debate over how even to describe the conflict. On the sidelines …
Host India doesn’t want G20 to discuss further Russia sanctions – sources Read More »
(Reuters) -Citigroup economists on Wednesday raised their global growth forecast slightly and see a “less hard” landing but still expect the world’s economy to grow at the slowest pace in 40 years. The Wall Street brokerage now sees global growth slowing this year to about 2.2%, 0.25% higher than their previous estimate due to improving macroeconomic …
Citigroup expects ‘less hard’ landing for global economy this year Read More »
A look at the day ahead in European and global markets from Anshuman Daga: Is it really good news? Probably yes, probably not. Economies from the United States to Germany to Britain are showing an unexpected pick-up in business activity, but markets are again giving a thumbs-down to these indicators. Just as inflation once again …
By Laura Matthews NEW YORK (Reuters) – The dollar held on to modest gains against its peers on Tuesday, supported by strong U.S. economic data, but the greenback was down against the British pound. Business activity in the United States in February unexpectedly rebounded to an eight-month high, increasing to 50.2 from a final reading …
Dollar clings to modest gains as strong U.S. data lends support Read More »
(Removes Adani Enterprises RIC in second paragraph) HONG KONG (Reuters) – Adani Transmission will announce debt refinancing plans in a few weeks, executives said on Tuesday in an investor call, according to a source with direct knowledge of the matter. The company, a unit of embattled Indian conglomerate Adani Group, has no plans to raise …
Adani Transmission to announce debt refinancing plans in a few weeks – source Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator has proposed changes to governance norms for listed entities that give more rights to shareholders, while increasing corporate disclosures on agreements binding them, a consultation paper showed on Tuesday. Any agreements that impact the management or control of a listed entity or create a liability …
India market regulator proposes more power to shareholders Read More »
By Seher Dareen (Reuters) – Gold prices eased on Tuesday as the dollar strengthened and bond yields rose, while investors looked toward U.S. economic data later this week for more clues on the rate-hike trajectory of the Federal Reserve. Spot gold fell 0.5% to $1,832.78 per ounce by 2:21 p.m. ET (1921 GMT). U.S. gold …
Gold dips on firm dollar and yields, markets turn to U.S. data Read More »
