By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose to a five-day high against the Japanese yen on Monday as authorities’ efforts to rein in worries over the global banking system helped soothe investor nerves. The U.S. currency, however, clung to a narrow range against most major currencies as investors appeared hesitant to place …
Dollar advances against Japanese yen as banking fears ease Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s cabinet is set to adopt a gas panel report this week, which has recommended capping the price for most local gas at $6.50 per million British thermal units (mmBtu) in April, two sources said on Monday. India last year set up the panel, led by energy expert …
India to cut gas prices from April 1 after review panel report – sources Read More »
MOSCOW (Reuters) – India was the biggest buyer of seaborne Urals oil in March and the country’s demand for the grade means Russia has to maintain high exports, two traders said and Refinitiv Eikon data showed on Monday. Refiners in India, which in the past rarely bought Russian oil, because of high transport costs, have …
Indian demand for Urals crude keeps Russia’s exports up – sources, Refinitiv Read More »
By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) – Pakistan on Monday deferred a decision on a request by pharmaceutical firms to raise the prices of more than 100 medicines, prolonging a stand-off with an industry struggling to stem losses from soaring inflation and a weakened currency. The request was discussed during a meeting …
Pakistan defers decision on drug price rise as pharma firms struggle Read More »
By Rachel Savage JOHANNESBURG (Reuters) – Multilateral development banks (MDBs) reluctant to offer debt relief need to shoulder an “equitable burden” in sovereign debt restructurings, a People’s Bank of China official said on Monday. China has lent hundreds of billions of dollars to developing countries – mainly for infrastructure projects – over the last two …
PBOC official: China banks concerned about credit ratings in debt overhauls Read More »
(Reuters) – The Indian government has received about 54 foreign direct investment proposals from China since last year that are pending for approval, said Finance Minister Nirmala Sitharaman. “54 FDI proposals received during the past year and current year with investor/ beneficial owner from China/Hong Kong are pending for decision with government as on March …
Indian govt has 54 Chinese investment proposals pending – finance minister Read More »
By Humeyra Pamuk and Simon Lewis WASHINGTON (Reuters) – World leaders will gather virtually this week for the second U.S.-organized Summit for Democracy, an event critics say illustrates the halting progress the Biden administration has made in advancing human rights and democracy as a focus of its foreign policy. Starting Wednesday, the event involves 120 …
Biden holds second democracy summit amid doubts over progress Read More »
By Florence Tan and Chen Aizhu SINGAPORE (Reuters) -Saudi Aramco raised its multi-billion dollar investment in China by finalising and upgrading a planned joint venture in northeast China and acquiring an expanded stake in a privately controlled petrochemical group. The two deals, announced separately on Sunday and Monday, would see Aramco supplying the two Chinese …
Saudi Aramco boosts China investment with two refinery deals Read More »
BENGALURU (Reuters) -SoftBank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd is cutting the shares it plans to sell via an initial public offering (IPO) by about two-thirds as tech valuations plunge, Bloomberg News reported on Monday, citing people familiar with the matter. Oyo is preparing to file a fresh IPO document as soon …
India’s Oyo mulls cutting IPO size amid tech rout – Bloomberg News Read More »
(Reuters) – Chinese tech firm Bestpath said on Monday it had agreed to go public in the United States through a merger with a blank-check vehicle in a deal with an equity value of about $1.2 billion. Founded in 2019, Bestpath is a hydrogen fuel cell powered vehicle company and has a Shanghai-based R&D facility …
China’s Bestpath to go public in US via $1.2 billion SPAC deal Read More »
