By Anushree Mukherjee (Reuters) – Gold prices hit record highs on Thursday as uncertainty surrounding the U.S. presidential elections and the war in the Middle East prompted investors to seek out the safe-haven asset, while easing monetary policy environment kept prices elevated. Spot gold rose 0.7% to $2,690.60 per ounce by 1:42 p.m. ET (1742 …
Gold hits record highs on US election uncertainty, more policy easing Read More »
By Dewi Kurniawati SUKABUMI, Indonesia (Reuters) – Indonesian sixth-grader Shakila Fitriyani, a day labourer’s daughter who dreams of becoming a doctor, says she is keener to go to school these days because she is served a free lunch. “I am happy to receive the nutritious meal, milk and fruit,” Shakila said, speaking in her small …
Indonesia’s free meals plan in the spotlight as Prabowo readies for office Read More »
By Charlotte Greenfield and Mohammad Yunus Yawar HERAT, Afghanistan (Reuters) – The United Nations’ mission in Afghanistan called on Thursday for an investigation into reports that a large group of Afghan migrants had been shot and killed on the Afghanistan-Iran border. Afghan media outlets including Tolo News, citing witnesses, said more than 200 Afghan migrants …
UN seeks probe into reported mass killing of Afghans migrating to Iran Read More »
(Reuters) – Mothercare formed a joint venture with Reliance Brands Holding UK, strengthening its presence in the South Asian region, and said it refinanced its existing debt facilities with Gordon Brothers. Reliance Brands, a unit of Reliance Industries Ltd, acquired a 51% stake in the JV that owns the Mothercare brand and related intellectual property …
UK’s Mothercare partners with Reliance to strengthen South Asia presence Read More »
By Gopal Sharma KATHMANDU (Reuters) – A Nepali teenager, the youngest person ever to scale all 14 of the world’s tallest peaks, says he wants to use his skills to benefit the Himalayan nation’s Sherpa community and turn out world-class athletes. Sherpas, an ethnic group living mainly in the vicinity of the world’s highest peak, …
Nepal’s Sherpas deserve more, says teenager who scaled world’s 14 tallest peaks Read More »
LONDON (Reuters) – Swiss gold exports fell in September to the lowest level since June owing to reduced shipments to India, customs data from the world’s biggest bullion refining and transit hub showed on Thursday. This year’s 30% gold price rally, which took spot prices to a record high of $2,696.59 per troy ounce on …
Swiss gold exports fall on lower supplies to India Read More »
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – New forecasts by the International Monetary Fund point to a difficult future for the global economy marked by lackluster medium-term growth, escalating trade tensions and high levels of debt, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva painted a sobering picture in a speech ahead …
IMF chief expects lukewarm growth in medium term, urges reforms Read More »
By Trevor Hunnicutt and Doina Chiacu WASHINGTON (Reuters) – The United States on Thursday sanctioned two Chinese companies and a Russian affiliate involved in making and shipping attack drones and warned the two countries to halt cooperation boosting the Ukraine war effort. New sanctions target a Chinese company, Xiamen Limbach Aircraft Engine Co Ltd, that …
US sanctions Chinese, Russians over attack drones used in Ukraine Read More »
By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) -India’s central bank barred four non-bank finance companies (NBFCs) from sanctioning and disbursing loans due to “usurious” pricing and for charging a significant mark-up over their funding costs, it said in a release on Thursday. The restrictions on Asirvad Micro Finance, Arohan Financial Services, DMI Finance and …
India cenbank bars four non-banks from fresh lending for breaching norms Read More »
By Nishit Navin BENGALURU (Reuters) – India’s Axis Bank reported a higher-than-expected second-quarter profit on Thursday, helped by an increase in core lending income. The country’s fourth-largest private lender by market value said its standalone net profit, which excludes its subsidiaries, rose 18% to 69.18 billion rupees ($823.25 million) for the quarter ended Sept. 30. …
India’s Axis Bank posts Q2 profit beat on strong credit demand Read More »
