BENGALURU (Reuters) – Indian consumer products maker Marico Ltd said on Wednesday that its revenue growth slowed in the third quarter, and hit its operating profit, due to a muted recovery in rural demand amid elevated inflation. Marico, known for its Parachute hair oil brand, estimated its consolidated revenue grew in the low single digits …
India’s Marico says Q3 rev growth slowed on muted rural demand Read More »
JAKARTA (Reuters) – An Indonesian court on Wednesday sentenced a former senior official at the trade ministry and three palm oil company executives to jail in a case about improper palm oil export permits, according to lawyers. Indonesia’s Attorney General in April launched an investigation into allegations of corruption linked to the issuance of export …
Indonesian court jails former trade official, palm oil company execs Read More »
CAIRO (Reuters) -The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5% on Oct. 27, according Refinitiv Data. It was about 24.70 to the dollar at the opening of the trading day. Currency flexibility has been a key demand by …
By John Shiffman (Reuters) -A former Colorado funeral home owner was sentenced to 20Â years in federal prison on Tuesday for defrauding relatives of the dead by dissecting 560 corpses and selling body parts without permission. Megan Hess, 46, pleaded guilty to fraud in July. She operated a funeral home, Sunset Mesa, and a body parts …
Former Colorado funeral home owner sentenced to 20 years for selling body parts Read More »
NEW DELHI (Reuters) – The Indian government will stick to its demand for a 10% increase in its share of the revenues from Indian conglomerate Vedanta’s (VDAN.NS) Barmer oil and gas block, a top government lawyer said on Wednesday. The Supreme Court has been hearing a dispute between Vedanta and the federal government related to …
India sticks to demand for increased share in Vedanta oil block Read More »
LONDON (Reuters) – Investment bank JPMorgan has nudged up its 2023 growth forecast for China for the second time in a matter of weeks on Wednesday, following the government’s moves to ease COVID-19 restrictions. The bank’s analysts said that while an estimated 40% jump in infections will have impacted China’s growth in the fourth quarter …
JPMorgan nudges up China 2023 economic growth forecast again Read More »
By Sarita Chaganti Singh (Reuters) – Ashok Leyland’s Switch Mobility, JBM Auto and PMI Electro Mobility are the winners in a 30 billion Indian rupee ($362.40 million) tender run by state-run Convergence Energy Services Ltd (CESL), two sources said. Switch Mobility emerged as the lowest bidder to supply 2,600 electric buses in three states, JBM …
India awards mobility firms $362 million in e-bus contracts Read More »
A look at the day ahead in U.S. and global markets from Alun John The first Fed meeting minutes release of the year is due later, along with manufacturing data and job openings numbers – a fairly chunky package of risk events to wake investors up from any post-Christmas or New Year’s Day torpor. Federal …
(Reuters) – Chinese authorities plan measures, including loans, to increase liquidity at some of the nation’s big property developers, Bloomberg News reported on Wednesday. Last week, China’s Financial Stability and Development Committee told the banking and securities regulators to help strengthen the balance sheets of some “systematically important” developers, the report said, citing people familiar …
China weighs extra help for property developers, says Bloomberg News Read More »
By Andy Bruce LONDON (Reuters) -Britain’s housing market slowed dramatically in November and people ramped up borrowing on credit cards, according to Bank of England data on Wednesday that underscored the effects of rising interest rates and the cost-of-living crisis. British lenders approved 46,075 mortgages in November, down from 57,875 in October and marking the …
UK housing market stalls, credit card borrowing accelerates: BoE data Read More »
