By Nikunj Ohri NEW DELHI (Reuters) -The Indian government held talks on the state of its economy with Moody’s Investors Service on Friday and pitched for a ratings upgrade, two officials said. Moody’s rates India at the lowest investment grade of “Baa3” with a “stable” outlook, similar to those assigned by S&P and Fitch at …
India talks economy with Moody’s, pitches for ratings upgrade – sources Read More »
By Elizabeth Howcroft LONDON (Reuters) -Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth …
Crypto investors step up risk management after last year’s meltdowns Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Bank of Japan maintained its ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among global central banks and focus on supporting a fragile economic recovery. The central bank also reiterated its view that inflation will slow later this year …
BOJ keeps low rates and dovish guidance, markets not so sure Read More »
By Rachel Savage and Libby George JOHANNESBURG/LONDON (Reuters) -Nigeria’s new president, in office for less than a month, is pushing to put Africa’s largest economy on a reform track that investors have eyed for decades, fuelling excitement that money could flow to a nation that many had deemed uninvestible. President Bola Tinubu’s bold actions, including …
Analysis-Baba Go-fast? Nigeria’s Tinubu stuns wary investors with quick reforms Read More »
By Sumit Khanna AHMEDABAD, India/KARACHI (Reuters) – Roofs were blown off houses and trees and electric poles uprooted, leaving thousands without power as a severe cyclone made landfall and rain lashed both the Indian and Pakistani coasts early on Friday. At least two people died in India’s western state of Gujarat after being swept away …
Power disrupted, heavy rains lash India, Pakistan after cyclone Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s Nifty 50 and Sensex stock indexes logged new closing highs on Friday and posted gains for the fourth week in a row, as U.S. data boosted bets that the Federal Reserve may be less hawkish than expected. The blue-chip Nifty index closed 0.74% up at 18,826.00, while the benchmark …
India’s Nifty 50, Sensex hit fresh closing highs Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee halted a four-day winning streak against the U.S. dollar on Thursday, as domestic trade deficit widened to a five-month high and the U.S. Federal Reserve signalled more rate hikes. The rupee ended at 82.1750 to the dollar against previous close of 82.0950. The currency had hit …
Indian rupee halts 4 days of gains on wider May trade deficit, Fed outlook Read More »
By Tim Kelly, Sakura Murakami and Yukiko Toyoda TOKYO (Reuters) -Japan is preparing military aid for the Philippines to help secure sea approaches and safeguard Taiwan’s western flank, officials say, deepening security ties that could bring Japanese forces back there for the first time since World War Two. As it steps back from decades of …
Analysis-Japan hopes to shore up Philippines’ defence amid Taiwan conflict fears Read More »
(Reuters) – All state-funded colleges and universities in Texas will have to close their diversity, equity and inclusion offices under a measure signed into law by Texas Governor Greg Abbott. The law, which one of its sponsors in the Texas state Senate called the most significant ban on diversity offices in higher education in the …
Texas governor signs law shutting diversity offices at public universities Read More »
By Nikunj Ohri NEW DELHI (Reuters) – India’s government is planning to ask lawyers to keep a record of all transactions with their clients and share any suspicious activity with authorities, as New Delhi looks to strengthen its money laundering laws, two sources familiar with the plan told Reuters. The authorities believe the plan will …
India plans to ask lawyers to report clients’ dubious transactions – sources Read More »
