By Laura Sanicola (Reuters) -Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future U.S. interest rate hikes could weigh on demand and got nervous about mounting signs of ample crude and fuel supply. On Thursday, two Fed officials warned additional hikes in borrowing costs are …
Oil settles down $2/bbl, ends week lower on Fed worries, ample supply Read More »
By Seher Dareen (Reuters) – Gold prices edged higher on Friday but were still on track for their third straight weekly dip, weighed down by an overall stronger dollar and bond yields following fresh hawkish rhetoric from U.S. Federal Reserve officials. Spot gold was up 0.3% at $1,842.27 per ounce by 2:40 p.m. ET (1940 …
Gold set for third weekly fall on dollar strength, hawkish Fed worries Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen will travel to India next week for G20 finance meetings that will focus on unblocking distressed-country debt restructuring, boosting support for Ukraine and reforming multilateral development banks. Yellen will join fellow G20 finance ministers and central bank governors in Bengaluru on Feb. 23-25, spanning the …
U.S. to push debt relief, Ukraine aid at G20 finance meeting in India Read More »
By Jayshree P Upadhyay (Reuters) – France’s AMF market regulator has given its banks and members eighteen months to find new ways to settle India-based trades amid a stand-off between Indian financial regulators and the European Securities Market Authority (ESMA), it said in a statement on Friday. The ESMA has withdrawn recognition of six Indian …
France’s AMF gives banks 18 mths to resolve India trades amid regulator standoff Read More »
By Jayshree P Upadhyay (Reuters) – India is setting up a fund worth 330 billion rupees ($4 billion) to provide liquidity to its corporate debt market during bouts of stress, to help stem panic selling and ease redemption pressures, an SBI Mutual Fund executive told Reuters. Asset managers would contribute 10% of the fund, deputy …
India setting up $4 billion fund to backstop corporate debt market Read More »
By Nikunj Ohri and Arpan Chaturvedi BENGALURU/NEW DELHI (Reuters) -The Indian government has told the country’s top court that the “truthfulness” of allegations made by a U.S. short seller against the Adani Group should be examined, according to a government filing seen by Reuters. The Supreme Court is yet to issue an order on setting …
India government says court should check ‘truthfulness’ of Hindenburg report on Adani Read More »
By Anushka Trivedi and Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has likely been selling dollars in the non-deliverable forward (NDF) market this week to prevent the rupee from weakening past 83 per dollar, five bankers told Reuters on Friday. The rupee, currently trading at 82.7725 to the dollar, fell to 82.8975 …
India’s RBI suspected of selling dollars in NDF to keep rupee above 83/USD – bankers Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) – India’s power regulator has approved a proposal to start a separate spot market segment for ‘expensive’ power, according to an order handed down to the Indian Energy Exchange (IEX), with record demand levels expected this summer. The approval from the Central Electricity Regulatory Commission (CERC), given to …
India power regulator OKs new market segment for ‘expensive’ power – order Read More »
(Reuters) – Indian automotive components maker Minda Corporation Ltd on Friday said it acquired a 15.70% stake in Pricol Ltd, also an auto parts maker, for around 4 billion rupees ($48.3 million) in an open market transaction. ($1 = 82.8025 Indian rupees) (Reporting by Anisha Ajith in Bengaluru)
SINGAPORE (Reuters) – India’s largest gas distributor GAIL (India) Ltd is looking to buy an equity stake of up to 26% in a liquefied natural gas (LNG) liquefaction plant or project in the United States, according to a document issued by the company. GAIL had run into supply disruptions last year after Russia-owned Gazprom Marketing …
India’s GAIL explores up to 26% equity stake in U.S. LNG projects Read More »
