By Davide Barbuscia NEW YORK (Reuters) -India’s Adani Group and two of its main subsidiaries caught up in a short-selling storm in recent weeks are to hold calls with bond investors on Feb. 16 and Feb. 21, according to a document seen by Reuters. The planned calls follow a long-awaited credit report issued by the …
Adani Group hires banks to hold bond investor calls after market rout Read More »
JOHANNESBURG (Reuters) -The South African rand weakened against a stronger dollar on Wednesday after domestic inflation figures came in line with expectations. At 1532 GMT, the rand traded at 18.0625 against the dollar, 0.82% weaker than its previous close. The dollar was up about 0.7% against a basket of global currencies. The country’s headline consumer …
South African rand slips as local inflation shows no surprises Read More »
By Alex Lawler LONDON (Reuters) – Oil prices dropped for a second day on Wednesday on signs of ample U.S. supplies and expectations of further interest rate hikes, though forecasts of higher 2023 demand growth and a potentially tighter market limited losses. U.S. crude stocks rose by a more than forecast 10.5 million barrels, according …
Oil drops on inventory jump; demand outlook limits loss Read More »
By Marc Jones LONDON (Reuters) – It was another day on inflation patrol for investors on Wednesday as stickier-than-expected U.S. data nudged stocks sideways and the dollar up, while a slowdown in Britain’s rate sent the pound sliding. Wall Street looked set for an early dip after the previous day’s 6.4% U.S. CPI reading, but …
Inflation numbers keep investors on alert ahead of U.S. retail sales Read More »
By Enrico Dela Cruz and Adrian Portugal MANILA (Reuters) – Putting quality over profit during inflationary times, Manila restaurant manager Ely Cundangan has refused to mess with her signature beef marrow stew – the same amount of onions must go in the pot no matter what. “Our ingredients have become so expensive that we are …
Onions put Philippines in a stew over food price inflation Read More »
NEW YORK (Reuters) – The dollar extended gains after data showed U.S. retail sales rose sharply after two straight months of monthly declines, suggesting that the Federal Reserve will keep interest rates higher for some time. U.S. retail sales surged 3.0% last month. Data for December was unrevised to show sales dropping 1.1% as previously …
Dollar gains broadly after strong U.S. retail sales Read More »
By Christian Akorlie ACCRA (Reuters) -Ghana’s finance ministry on Tuesday said that around 85% of eligible bondholders had registered for its domestic debt exchange programme, bringing it one step closer to securing a $3 billion International Monetary Fund (IMF) bailout. The announcement followed five extensions of the scheme’s deadline, as the West African nation fought …
Ghana says domestic debt swap closed with 85% participation Read More »
By Carolina Mandl and Sittrarasu S NEW YORK/BANGALORE (Reuters) -Warren Buffett’s Berkshire Hathaway Inc slashed its stake in Taiwanese contract chipmaker TSMC as well as in some banks in the fourth quarter, while bolstering its holdings in Apple Inc. Berkshire cut its position in Taiwan Semiconductor Manufacturing Co Ltd (TSMC) by 86.2% to 8.29 million …
Berkshire dumps shares in TSMC, banks; increases Apple stake Read More »
TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Tuesday its board had approved a plan of capital injection of up to $3.5 billion to TSMC Arizona. TSMC in December tripled its planned investment at the Arizona chip plant, which began construction late last year, to $40 billion. The company said the capital injection is part …
TSMC approves capital injection of $3.5 billion for Arizona factory Read More »
By Byron Kaye and Roushni Nair (Reuters) -Australia’s biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart chain offset a sluggish performance from its hardware stores, sending its shares higher. The result from Australia’s 12th-largest company by market capitalisation showed the benefit of a diversification strategy spanning …
Out of lockdown, Kmart pushes Australia’s Wesfarmers to higher profit Read More »
