By Rajendra Jadhav, Mayank Bhardwaj, Shivam Patel NEW DELHI (Reuters) -India on Thursday ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world’s largest exporter of the grain, triggering fears of further inflation on global food markets. The government said it was imposing a ban …
India imposes major rice export ban, triggering inflation fears Read More »
By Brijesh Patel (Reuters) – Gold prices slipped from a two-month high on Thursday as the dollar and bond yields ticked higher, although hopes for a pause in rate hikes by the U.S. Federal Reserve after July meeting limited the decline. Spot gold was down 0.4% at $1,969.53 per ounce by 1:42 p.m. EDT (1742 …
Gold slips from 2-month peak as dollar, yields rebound Read More »
By M. Sriram and Aditi Shah MUMBAI (Reuters) – Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government …
By Tanvi Mehta NEW DELHI (Reuters) -Prime Minister Narendra Modi on Thursday condemned the alleged sexual assault of women in Manipur state as “shameful” and promised tough action in his first comments on ethnic clashes in the remote northeast which have killed at least 125 people. The clashes began in early May and much of …
India’s Modi promises tough action over ‘shameful’ Manipur sexual assault allegations Read More »
By Tom Westbrook and Marc Jones SYDNEY/LONDON/HONG KONG (Reuters) -Moody’s and S&P Global sent stark warnings about China’s biggest commercial real estate firm, Dalian Wanda Group, on Thursday, adding to concern that the country could be about to suffer its most high-profile default since Evergrande. Moody’s slashed Dalian Wanda Commercial Management and Wanda HK’s ratings …
Concern mounts over China’s Wanda Commercial as rating firms sound default warnings Read More »
(Reuters) – Russia’s largest lender Sberbank said it was exploring the possibility of providing banking services for clients working with companies in Bangladesh, as Russian businesses look east for international expansion. Sberbank has already held two rounds of talks with the South Asian country’s central bank about opening a branch there, Bangladesh news site bdnews24.com …
Russia’s Sberbank exploring providing banking services in Bangladesh Read More »
By Noel Randewich (Reuters) – China’s frail growth could weigh on companies with exposure to the world’s second-largest economy, including Apple, big chipmakers and luxury retailers as they report quarterly results in the next few weeks. Wall Street is bracing for a steep drop in second-quarter U.S. earnings, with profit margins expected to be hurt …
China’s sagging economy looms over quarterly results around the world Read More »
By Divya Chowdhury, Anisha Sircar and Lisa Pauline Mattackal MUMBAI (Reuters) – Japanese equities continue to look attractive to foreign and local investors, backed by a significant valuation discount to other developed markets, the continuation of loose monetary policy, and progress made by companies on corporate governance. “We think the land of the rising sun …
Investors see Japanese equities shining brighter on attractive valuations Read More »
BENGALURU (Reuters) – Indian cement manufacturer Dalmia Bharat reported a nearly 34% fall in first-quarter profit on Thursday as lack of growth in cement prices and rise in raw material prices outweighed volume growth. The company’s consolidated net profit fell to 1.30 billion Indian rupees ($15.86 million) for the quarter ended June 30, from 1.96 …
India’s Dalmia Bharat posts 34% fall in Q1 profit on pricing concerns Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India has prohibited the export of non-basmati white rice with immediate effect, according to a government notice on Thursday, after a late start to seasonal monsoon rains hurt the crop and raised fears of a production shortfall. Here are some facts explaining why India is crucial to the global …
Factbox-Why Indian rice export ban is so important to global trade Read More »
