By Stephanie Kelly NEW YORK (Reuters) -Oil prices settled mixed on Monday, retreating as investors cashed in on a jump to a seven-week high on optimism about a possible recovery in demand of top oil importer China as the economy recovers this year from pandemic lockdowns. Brent crude settled 56 cents higher at $88.19 a …
Oil settles mixed after hitting 7-week high on strong China outlook Read More »
By Pawel Florkiewicz and Gabriela Baczynska WARSAW/BRUSSELS (Reuters) -Germany is not blocking the re-export of Leopard tanks to Ukraine, the European Union’s top diplomat said on Monday, after Poland vowed to send some as long as other countries did too. The Kyiv government wants the German-made Leopard 2, one of the most widely used Western …
Berlin not blocking export of tanks to Ukraine, EU diplomat says Read More »
By Seher Dareen (Reuters) – Gold prices reversed course to edge up on Monday as the dollar pared gains, while investors looked ahead to more U.S. economic data amid expectations of a slower pace of interest rate hikes. Spot gold fell 0.2% to $1,922.45 per ounce by 12:02 p.m. ET (1702 GMT). It climbed to …
KABUL (Reuters) -The United Nations’ aid chief visited Kabul on Monday and raised concerns over women’s education and work with the Taliban administration’s acting minister of foreign affairs, an Afghan ministry statement said. The Taliban-run administration last month ordered NGOs not to allow most female employees to work, prompting many aid agencies to partially suspend …
U.N. aid chief raises women’s rights concerns with Taliban in Afghan capital Read More »
MOSCOW (Reuters) -Urals and KEBCO crude oil loadings from Russia’s Baltic ports of Primorsk and Ust-Luga are set to rise by 50% this month from December as sellers try to meet strong demand in Asia and benefit from rising global energy prices, traders said and Reuters calculations showed. Around 70% of January cargoes of Urals …
Russia ramps up January oil exports, India remains top buyer Read More »
By Sumit Khanna and Shivam Patel AHMEDABAD/NEW DELHI (Reuters) – Police in India aim to arrest the boss of a clock-making company that managed a colonial-era footbridge in a small industrial town in Gujarat until it collapsed last year, killing at least 135 people, two senior police officials told Reuters. The 145-year-old suspension bridge in …
India police to arrest boss of clock-making firm over bridge collapse Read More »
NEW DELHI (Reuters) -Apple Inc wants India to account for up to 25% of its production from about 5%-7% now, the trade minister told a conference on Monday, as the iPhone maker continues to move its manufacturing away from China. “Apple, another success story,” Piyush Goyal said, pitching India as a competitive manufacturing destination. “They …
Apple targets raising India production share to up to 25% – minister Read More »
PARIS/TOKYO (Reuters) – Renault’s chairman and CEO will not travel to Japan for a board meeting on how to reshape the French carmaker’s alliance with Nissan this week but instead join it via video call, two sources close to the matter said on Monday. An alliance board meeting is scheduled for Jan. 26 in Japan, …
Renault’s top executives to join key Nissan alliance talks via video-sources Read More »
By Aditi Shah and Nandan Mandayam NEW DELHI/BENGALURU (Reuters) -Amazon.com Inc on Monday launched a dedicated air cargo service in India, Amazon Air, as it looks to expand and speed-up deliveries across one of its key markets amid fast-growing e-commerce sales, an executive said on Monday. The company has invested in Indian cargo carrier Quikjet …
Amazon launches dedicated air cargo service in India as online sales soar Read More »
By Nupur Anand MUMBAI (Reuters) – The Reserve Bank of India (RBI) has ordered SBM Bank (India) to stop all transactions under the liberalised remittance scheme (LRS) until further notice, it said on Monday, citing “material supervisory concerns” but no further detail. The central bank had concerns that certain overseas money transfer practices of SBM’s …
