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By Nidhi Verma NEW DELHI (Reuters) – India’s federal investigation agency has filed a police complaint against ABG Shipyard Ltd and its promoters accusing it of defrauding banks of 228.42 billion Indian rupees ($3.03 billion). The report, posted on the Central Bureau of Investigation’s website, said a forensic audit report it received from the banks …

India files complaint against ABG Shipyard alleging $3 billion bank fraud Read More »

BUDAPEST (Reuters) -Hungary will extend a cap on fuel prices for another three months, Prime Minister Viktor Orban said on Saturday, the latest anti-inflation measure announced by his government ahead of an April 3 election. For the first time since he took power in a 2010 election landslide, Orban and his ruling nationalist Fidesz party …

Hungary’s Orban says fuel price cap to be extended until after election Read More »

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index edged higher on Friday, adding to this week’s gains, as rising concern that Russia could invade Ukraine sent oil and gold prices sharply higher. The Toronto Stock Exchange’s S&P/TSX composite index ended up 17.12 points, or 0.1%, at 21,548.84. For the week, it was up …

TSX extends weekly gain as investors ‘hide’ in energy and gold Read More »

(Reuters) -Two senior U.S. Federal Reserve staffers reported a series of financial market trades in early 2020 at a time when the central bank was putting in place emergency measures to prop up the economy at the onset of the COVID-19 pandemic, The Wall Street Journal reported https://on.wsj.com/33jP8rC on Friday. John Stevens and Diana Hancock, …

U.S. Fed staff reported securities trades -WSJ Read More »

By Andrey Ostroukh MOSCOW (Reuters) -Russia’s central bank raised its key interest rate sharply to 9.5% on Friday, increasing the cost of borrowing by 100 basis points for the second time in a row, and indicated a further rate increase was likely. Russia is grappling with stubbornly high inflation which could yet get an extra …

Russia raises key rate sharply to 9.5%, flags more possible hikes Read More »