By Siyi Liu and Dominique Patton FOSHAN, China (Reuters) – China’s copper buyers face higher costs for the metal this year, buyers and analysts said, after market disruptions from top importer Maike Group’s financial woes and production glitches at domestic smelters pushed local premiums to their highest in years. Copper traders around Shanghai and in …
China’s copper costs driven up by Maike’s woes, output glitches Read More »
By Toby Sterling and Stephanie van den Berg AMSTERDAM (Reuters) – Expectations that the Dutch government will further limit sales to China by chip equipment giant ASML Holding NV may overshadow what are expected to be strong fourth quarter results due next week. The Hague is expected to impose at least some additional restrictions on …
Dutch export rules on China in focus ahead of ASML results Read More »
By Elisa Anzolin MILAN (Reuters) – Some stores in via Montenapoleone, the heart of Milan’s most exclusive shopping area, are displaying clothes and accessories dedicated to the Lunar New Year after two years disrupted by the pandemic even though Chinese tourists are yet to return in big numbers. Clothing and backdrops featuring meadow and rabbit …
Milan quietly gears up for return of big-spending Chinese tourists Read More »
By Shivangi Acharya NEW DELHI (Reuters) – India will extend export benefits under a key scheme to domestic green hydrogen fuel manufacturers, two government officials said, as the Asian nation aims to become a global supplier of the clean fuel. The Remission of Duties and Taxes on Export Products (RoDTEP) scheme, designed to offer refunds …
India to extend export incentive scheme to green hydrogen fuel- sources Read More »
BENGALURU/CHENNAI (Reuters) – Saregama India Ltd reported a 21% rise in third-quarter profit on Friday, as the record label benefited from licensing more movie songs to its streaming partners and growing sales of its Carvaan music player. The company’s profit rose to 525.2 million rupees ($6.5 million) in the December quarter, from 434 million rupees, …
Indian music label Saregama’s Q3 profit jumps on new song releases Read More »
MUMBAI (Reuters) – India’s foreign exchange reserves rose to $572 billion in the week through Jan. 13, their highest level since early August last year, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. That is higher than the country’s reserves of $561.58 billion for the week ended Jan. 6, and the more-than-two-year …
India’s foreign exchange reserves rise to 5-month high Read More »
BENGALURU (Reuters) – Reliance Jio, the telecom arm of Indian billionaire Mukesh Ambani-led conglomerate Reliance Industries Ltd, reported a 28.3% rise in third-quarter profit on Friday, as it added more users. Jio, India’s biggest telecom carrier by subscribers, said net profit rose to 46.38 billion rupees ($571.5 million) in three months ended Dec. 31, from …
India’s Reliance Jio reports 28% rise in Q3 profit Read More »
GENEVA (Reuters) -The World Health Organization’s immunisation director praised China on Friday for making quick progress on vaccinating older people with COVID-19 shots and boosters since lifting anti-virus controls last month. China’s population of 1.4 billion has been largely shielded from the disease since it emerged in the city of Wuhan in late 2019. Since …
China making ‘enormous progress’ on vaccinating elderly -WHO Read More »
BENGALURU (Reuters) – Indian private lender Bandhan Bank Ltd on Friday reported a 66% slump in third-quarter profit, hurt by higher provisions and lower interest income. Net profit for the quarter-ended Dec.31, 2022, fell to 2.91 billion rupees ($35.85 million) from 8.59 billion rupees a year earlier, with provisions and contingencies rising 91%. Higher provisions …
India’s Bandhan Bank Q3 profit tanks on higher provisions Read More »
NEW DELHI (Reuters) -Air India has been fined 3 million Indian rupees ($37,000) for its handling of an unruly passenger on one of its flights in November, India’s aviation regulator said on Friday. The licence of the pilot-in-command on the New York-New Delhi flight, where the incident took place, was also suspended for three months …
Regulator fines Air India $37,000 for unruly passenger incident Read More »
