BENGALURU (Reuters) – Apple Inc is set to open its first official retail store in India’s financial hub of Mumbai, the iPhone maker said on Wednesday. The Cupertino, California-based company launched an online retail store in India in 2020. Its 2021 plans for the launch of an offline retail store in the country were delayed …
Apple to open first company-owned retail store in India Read More »
By Swati Bhat MUMBAI (Reuters) – India’s central bank is widely expected to raise its benchmark rate on Thursday for the seventh consecutive meeting and leave the door open for more increases to bring inflation back within its target range, economists said. A large majority of economists, 49 of 62, said the Reserve Bank of …
India central bank set to raise rates 25 bps on elevated inflation, keep hawkish stance Read More »
SINGAPORE (Reuters) – China accounted for more than two thirds of the world’s proposed new coal-fired power by the end of 2022, with 366 gigawatts (GW) of additional capacity either being planned or under construction, research showed on Thursday. U.N. Secretary General Antonio Guterres has urged countries to stop building new plants and phase out …
China accounts for two thirds of world’s planned new coal power – research Read More »
By Matthew Chye and Carman Chew SINGAPORE (Reuters) -India’s power generation grew at the fastest pace in over three decades in the just-ended fiscal year, a Reuters analysis of government data showed, fuelling a sharp surge in emissions as output from both coal-fired and renewable plants hit records. Intense summer heatwaves, a colder-than-usual winter in …
India’s power output grows at fastest pace in 33 years, fuelled by coal Read More »
By Jamie McGeever (Reuters) – There will be no Asia Morning Bid on Friday, April 7. It will resume on Monday, April 10. A look at the day ahead in Asian markets from Jamie McGeever. First Australia stood pat, then New Zealand stunned everyone with a 50 basis point hike and the next interest rate …
Marketmind: RBA steady, RBNZ hawk shock, next up RBI Read More »
(Refiles to restore dropped words in third paragraph) By Hanna Rantala LONDON (Reuters) – Chinese artist and activist Ai Weiwei unveiled his latest large-scale project in London on Wednesday, a 15-metre-long recreation of Claude Monet’s “Water Lilies” made with nearly 650,000 Lego pieces, in a tribute to his late father. Titled “Water Lilies #1”, the …
Ai Weiwei goes big for design-focused London exhibition Read More »
By Laura Sanicola (Reuters) – Oil prices settled largely unchanged on Wednesday, despite greater-than-expected draws in U.S. crude and fuel stockpiles, as the market weighed worsening economic prospects against expectations of U.S. crude inventory declines and plans by OPEC+ producers to reduce output. Brent crude futures settled up 5 cents, or 0.1%, at $84.99 a …
Oil steadies as economic fears counter OPEC+ cuts, US stock draw Read More »
By Deep Kaushik Vakil (Reuters) – Safe-haven gold touched its highest in one year on Wednesday as recent U.S. economic data fanned fears of a slowdown and spurred bets the Federal Reserve may ease up on rate hikes. Spot gold was steady at $2,020.30 per ounce by 01:46 p.m. EDT (1746 GMT), after rising to …
Gold scales 1-year peak as slowdown worries mount Read More »
NEW DELHI (Reuters) – Landslides in the Indian Himalayas around hydro power projects were caused mainly by topography, geological conditions and rainfall, the power ministry said on Wednesday, citing a study that ruled out construction as a factor. The government-run Indian Institute of Remote Sensing study of nine sites of state hydropower board NHPC Ltd …
India says landslides near hydro projects unrelated to construction Read More »
By C.K. Nayak and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – India’s stockpiles of dairy products have recovered in the past two months, though some products could qualify for duty free imports during peak demand season, a senior government official said on Wednesday. Milk prices in the world’s biggest producer have risen at their fastest price …
India may need some dairy imports despite improving stocks, says official Read More »
