By Arpan Chaturvedi and Siddhi Nayak NEW DELHI (Reuters) – Indian airline Go First’s effort to start insolvency proceedings has become ensnared in a tussle with aircraft lessors after they asked the aviation regulator to deregister some of its planes as a step towards taking them back. India’s first major airline collapse since 2019 underlines …
India’s Go First, lessors lock horns as bankruptcy hearings begin Read More »
By Deep Kaushik Vakil (Reuters) – Gold beat a fast retreat on Friday after stronger-than-expected U.S. payrolls data tempered expectations of interest rate cuts from the Federal Reserve. Spot gold lost 1.7% to $2,015.33 per ounce by 1:40 p.m. EDT (1740 GMT), but was up 1.3% for the week after surging to $2,072.19 on Thursday, …
Gold slides on US jobs growth as Fed-led rally fizzles Read More »
By Ritsuko Shimizu TOKYO (Reuters) – A spin-off of 7-Eleven would jeopardise the convenience store chain’s future growth by cutting it off from its parent’s strength in the food business, the chief executive of Japan’s Seven & i Holdings Co Ltd told Reuters. The comments from Ryuichi Isaka come as he faces a call for …
7-Eleven spin-off would jeopardise growth, CEO says, pushing back at ValueAct Read More »
BENGALURU (Reuters) – Indian digital payments firm Paytm reported a 51.5% rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter. Paytm’s parent, One 97 Communications Ltd, said revenue rose to 23.35 billion rupees ($285.80 million) in the January-March quarter, from 15.41 …
India’s Paytm Q4 revenue up 52%, posts operating profit for second straight quarter Read More »
(Reuters) – Indian airline Go First said on Friday it is cancelling its flights until May 12, days after the cash-strapped company filed for bankruptcy. Earlier on Tuesday, the airline blamed “faulty” Pratt & Whitney GTF engines for the grounding of about half its fleet leading to the bankruptcy filing. The owner of Go Airlines …
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine annual inflation was on track to settle within the government’s 2% to 4% target in the fourth quarter after it eased further in April, officials said on Friday, building the case for pausing interest rate hikes. The consumer price index rose 6.6% in …
Philippine inflation slows in April, builds case for a rate pause Read More »
By Navya Mittal and Yantoultra Ngui (Reuters) -The Monetary Authority of Singapore on Friday imposed additional capital requirement on DBS Bank, the banking arm of the country’s largest lender DBS Group, following the disruption of its banking services in recent months. The moves follows the widespread unavailability of the bank’s digital banking services on March …
Singapore’s central bank imposes additional capital requirement on DBS Bank Read More »
By Krishn Kaushik GOA, India (Reuters) -India and Pakistan each blamed the other for their frosty relations on Friday and reiterated entrenched diplomatic positions on issues such as Kashmir and terrorism, suggesting no thaw in ties is likely anytime soon. The foreign ministers of the nuclear-armed rivals spoke bitterly at separate press conferences after a …
India and Pakistan trade blame for frosty ties after SCO meeting Read More »
(Reuters) – Lucknow Super Giants skipper KL Rahul has been ruled out of the rest of the Indian Premier League (IPL) season and India’s World Test Championship (WTC) final against Australia after he said on Friday he would undergo surgery on his thigh. The 31-year-old got injured in his last match against Royal Challengers Bangalore …
Cricket-India’s Rahul to have surgery, ruled out of IPL and WTC final Read More »
LONDON (Reuters) -British Foreign Secretary James Cleverly said on Friday he had “made plain” Britain’s views on Hong Kong, Xinjiang and Taiwan in a meeting with Chinese Vice President Han Zheng during the latter’s visit to London for King Charles’ coronation. “Today with VP Han Zheng, I made plain the UK’s views on Hong Kong, …
UK’s Cleverly raises Xinjiang and Taiwan with Chinese vice president Read More »
