By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -Indian wheat prices hit a fresh record high on Monday, following a delay in releasing extra stocks by the government to boost supplies and calm the domestic market reeling from shortages triggered by last year’s lower crop, dealers and farmers said. India, the world’s second biggest …
Indian wheat hits fresh record high on delay in stock release Read More »
By Jennifer Rigby LONDON (Reuters) -The World Health Organization has called for “immediate and concerted action” to protect children from contaminated medicines after a spate of child deaths linked to cough syrups last year. In 2022, more than 300 children – mainly aged under 5 – in Gambia, Indonesia and Uzbekistan died of acute kidney …
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By Herbert Lash NEW YORK (Reuters) -Global equity markets surged on Monday as easing recession fears and hopes of a less aggressive Federal Reserve buoyed sentiment, while the likelihood of more jumbo interest rate hikes in Europe pushed the euro to a nine-month peak against the dollar. Gains in chipmakers boosted beaten-down U.S. tech stocks …
Stocks, euro gain as Fed, ECB rate hike outlooks diverge Read More »
BENGALURU (Reuters) – India’s top carmaker Maruti Suzuki on Monday said it was recalling 11,177 Grand Vitara vehicles to address a possible defect in rear seat belt mounting brackets, its second recall within a week. In a rare case, the brackets may loosen in the long run and impair the seat belt’s functionality, Maruti said. …
Maruti Suzuki India to recall 11,177 Grand Vitara SUVs to fix seat belt defect Read More »
By Carien Du Plessis PRETORIA (Reuters) -South Africa’s foreign minister on Monday deflected criticism of joint military drills planned with Russia and China, saying that hosting such exercises with “friends” was the “natural course of relations.” Naledi Pandor made her comments during a meeting with Russian Foreign Minister Sergei Lavrov, who was visiting South Africa …
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(Reuters) -India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday. The island nation of 22 million people has grappled with challenges during the past year ranging from a shortage of foreign currency to runaway inflation …
India commits to help Sri Lanka on debt in prospective IMF program Read More »
(Reuters) -India’s appeals tribunal on Monday set aside a ruling by the markets regulator against the National Stock Exchange (NSE), the country’s largest stock exchange, in a colocation case of 2019, according to an order published on the tribunal’s website. The tribunal ordered the NSE to pay the 1-billion-rupees ($12.3 million) penalty for system lapses …
Indian securities tribunal gives relief to NSE in colocation case Read More »
ALMATY (Reuters) -Several restaurants which used to operate under the McDonald’s brand in Kazakhstan reopened on Monday with no branding to serve fast food under generic names such as “Cheeseburger”, weeks after the U.S. company left the local market. Former licensee Food Solutions KZ said in a statement it would maintain “the high quality and …
Former McDonald’s restaurants reopen without branding in Kazakhstan Read More »
OSLO (Reuters) – Nokia said on Monday it has signed a new cross-license patent agreement with Samsung following the expiry of a previous agreement at the end of 2022. “Under the agreement, which covers Nokia’s fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January …
By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) – The dollar slipped against the euro on Monday, at one point hitting a fresh 9-month low, as the common currency found support from European Central Bank officials’ comments signalling additional jumbo interest rate rises in Europe. The euro reached as high as $1.0927, to …
Dollar edges lower vs euro on ECB rate hike bets Read More »
