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A GROUP of U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, is hesitant to lend $20 billion to Argentina without guarantees or collateral, the Wall Street Journal reported on Monday. U.S. Treasury Secretary Scott Bessent said last week that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bankers are waiting on guidance from the Treasury Department on what collateral Arg ...Read More >
[BENGALURU] Gold prices edged higher on Tuesday (Oct 21) to hover near all-time highs, as strong safe-haven demand and hopes of further interest rate cuts from the US Federal Reserve boosted demand for the precious metal. Spot gold was up 0.2 per cent at US$4,363.58 per ounce, as at 9.06 am, having hit a record high of US$4,381.21 on Monday. US gold futures for December delivery added 0.5 per cent to US$4,379 per ounce. The US government shutdown stretched to its 20th day on Monday, after sen ...Read More >
LONDON, Oct 20 (Reuters) - Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market. The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm. India has become a major trade buyer of Russian oil since Moscow's invasion of Ukraine in 2022. ...Read More >
Bengaluru - Global companies have flagged more than US$35 billion (S$45 billion) in costs from US tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce exposure to President Donald Trump's levies. Mr Trump's trade war has hiked US tariffs to their highest levels since the 1930s, and the president has regularly threatened more duties, but overall, the fog that paralysed many businesses is clearing, allowing executives to forecast cos ...Read More >
China Eastern Airlines will resume flights from Shanghai to Delhi starting November 9, marking the restart of commercial air travel between China and India after a five-year hiatus. This development follows positive shifts in diplomatic relations. IndiGo is also launching daily non-stop flights between Kolkata and Guangzhou.China Eastern Airlines is resuming flight operations from Shanghai to Delhi from November 9 onwards, following changes in the diplomatic relations between the neighbouring na ...Read More >
BENGALURU :Bank Indonesia (BI) will cut its key interest rate at its fourth consecutive meeting on Wednesday, taking it to 4.50 per cent, as policymakers put greater weight on supporting economic growth despite continued weakness in the rupiah, a Reuters poll of economists showed. Last month, the central bank surprised markets with a rate cut and Governor Perry Warjiyo said it was going "all out" to bolster growth while maintaining financial market stability. The rupiah has regained some groun ...Read More >
By Jarrett Renshaw and Nidhi Verma WASHINGTON/NEW DELHI (Reuters) -India has halved its purchases of Russian oil, a White House official said, but Indian sources said no immediate reduction had been seen, as President Donald Trump's administration presses New Delhi and other nations to buy less Russian crude. Russian oil is a main irritant for Trump in prolonged trade talks with India - half of his 50% tariffs on Indian goods are in retaliation for those purchases. His administration says Mosc ...Read More >
BENGALURU, Oct 19 (Reuters) - World number nine Jack Draper said the ATP Tour must review its packed calendar if young players are to have long careers, after Holger Rune sustained a serious injury and joined a growing list of players breaking down as the season nears its end. The relentless men's and women's tennis circuits, which run for 11 months, have come under a harsh spotlight in recent weeks with a string of high-profile players, including Draper, pulling out of tournaments and prematur ...Read More >
Kedia Advisory - Crude oil yesterday settled lower by 1.68% at 5,145 as investors reacted to concerns over a potential supply surplus and renewed trade tensions between the U.S. and China. The International Energy Agency (IEA) forecasted that the global oil market could face a surplus of up to 4 million barrels per day in 2026, significantly higher than earlier estimates, amid rising output from OPEC+ and sluggish demand growth. The ongoing U.S.-China trade dispute, with both nations imposing ne ...Read More >
MUMBAI, Oct 19 -- Soaring gold prices led Indian buyers to choose coins and bars over jewellery during the Dhanteras festival yesterday, fuelled by hopes that the precious metal's glittering rally would continue, industry officials told Reuters. Dhanteras, which marks the start of the five-day Diwali festival of lights, is considered auspicious for buying gold and is one of the busiest gold-buying days in the world's second-biggest consumer of the metal. Overall gold sales during Dhanteras wer ...Read More >
Pernod Ricard's consensus analyst price target has recently decreased from €106.33 to €104.33 per share. This reflects a shift in sentiment following updated research notes. This adjustment comes amid discussions about the company's valuation and evolving prospects in the face of both opportunities and challenges. Stay tuned to discover how investors can stay ahead as the narrative for Pernod Ricard stock continues to develop. What Wall Street Has Been Saying Recent analyst commentary on Pe ...Read More >
Cricket - Indian Premier League - IPL - Final - Royal Challengers Bengaluru v Punjab Kings - Narendra Modi Stadium, Ahmedabad, India - June 3, 2025 Royal Challengers Bengaluru's Virat Kohli celebrates the wicket of Punjab Kings' Shreyas Iyer REUTERS/Amit Dave PERTH (Reuters) -All eyes in Perth are on Virat Kohli and Rohit Sharma as the two India stalwarts prepare for the opening one-day international against Australia on Sunday, marking the first national team outing for the pair since winning ...Read More >
India plans to invest approximately 654 billion rupees by 2035 for fighter jet engines, requiring around 1,100 units for ongoing programs. Efforts are underway to develop indigenous engines, with a Kaveri derivative eyed for unmanned vehicles. A co-developed 5th-gen stealth fighter engine is also in the works, attracting international interest. India expects to spend about 654 billion rupees ($7.44 billion) to buy engines for fighter aircraft that are under development until 2035, according to ...Read More >
Gold smuggling into India has surged ahead of the Dhanteras and Diwali festivals due to record-high prices and tight supply, officials said. After import duties were cut from 15% to 6%, smuggling had dropped, but rising demand and limited availability have made illegal imports highly profitable. Gold prices hit a record ₹1,28,395 per 10 grams, with smugglers earning over ₹11 lakh per kilogram. Gold smuggling into India has spiked ahead of key festivals, government and industry officials told ...Read More >
BENGALURU (Reuters) -India's second-largest IT services exporter Infosys on Thursday raised the lower end of its annual revenue growth forecast after second-quarter revenue beat estimates on strong performance in financial services and manufacturing. Consolidated sales rose 8.5% on-year to 444.9 billion rupees ($5.06 billion) in the September quarter. Analysts, on average, expected 439.29 billion rupees, as per data compiled by LSEG. For the full year, Infosys expects revenue growth in the ran ...Read More >
NEW DELHI: India has refused drugmakers' requests to extend a year-end deadline for them to upgrade their manufacturing facilities to international standards, four sources said, amid public anger over the recent deaths of at least 24 children who consumed locally-produced cough syrup. New Delhi had in late 2023 ordered pharmaceutical companies to ensure their plants meet World Health Organization-recommended standards, which would require them to invest in protocols to prevent cross-contaminati ...Read More >
The father of an Air India pilot killed in a June crash has petitioned India's Supreme Court for an independent investigation, arguing the current probe unfairly focuses on pilot error. He seeks a new panel of aviation experts to examine technical and procedural causes, challenging the government's handling of the disaster. The 91-year-old father of the Air India pilot in a June crash that killed 260 has asked India's Supreme Court to order an independent investigation that takes into account c ...Read More >
Oct 15 (Reuters) - Artificial intelligence startup Anthropic is projecting to more than double and potentially nearly triple its annualized revenue run rate next year, fueled by the rapid adoption of its enterprise products, according to two people familiar with the matter. The company is on track to meet an internal goal of $9 billion in annual revenue run rate - a calculation of annual revenue extrapolated from the current sales pace - by the end of 2025, the people said. For 2026, Anthropic ...Read More >
NEW DELHI, Oct 15 (Reuters) - Apple is lobbying India's government to modify its income tax law to ensure the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers, an issue seen as a hurdle to its future expansion, sources say. The push coincides with Apple's growing India presence as it diversifies beyond China. Counterpoint Research says iPhone's share in the Indian market has doubled to 8% since 2022. And while China still accounts for 75% ...Read More >
NEW DELHI (Reuters) -Some Indian refiners are preparing to cut Russian oil imports, three sources told Reuters on Thursday, after U.S. President Donald Trump said India had given an assurance it would stop its buying to help end the war in Ukraine. India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022. Indian refiners are preparing to shift a ...Read More >
NEW DELHI, Oct 16 (Reuters) - West Indies have suffered back-to-back series whitewashes by Australia and India in a run of five straight losses that has exposed not just technical and structural gaps but a deeper erosion of the pride that once defined the famous maroon cap. The former behemoths of the game have been on a steady decline since the 1990s and often struggle to assemble a decent test squad having lost their best talents to the lure of franchise cricket. Few expected an overnight ch ...Read More >
BENGALURU (Reuters) -India's second-largest IT services exporter Infosys on Thursday raised the lower end of its annual revenue growth forecast after second-quarter revenue beat estimates on strong performance in financial services and manufacturing. Consolidated sales rose 8.5% on-year to 444.9 billion rupees ($5.06 billion) in the September quarter. Analysts, on average, expected 439.29 billion rupees, as per data compiled by LSEG. For the full year, Infosys expects revenue growth in the ran ...Read More >
Oct 16 (Reuters) - Nestle India (NEST.NS), opens new tab posted a marginal increase in second-quarter profit on Thursday, benefiting from improving urban demand for items such as Maggi noodles and Nescafe coffee, sending its shares up about 5% to a one-year high. The Indian arm of Swiss food major Nestle (NESN.S), opens new tab said profit before exceptional items and tax edged up to 10.29 billion rupees ($117.07 million) for the September quarter. It had booked a one-off gain of 2.91 billion ...Read More >
NEW DELHI - Some Indian refiners are preparing to cut Russian oil imports, three sources told Reuters on Thursday, after U.S. President Donald Trump said India had given an assurance it would stop its buying to help end the war in Ukraine. India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022. Indian refiners are preparing to shift away from ...Read More >
(Reuters) -An Australian court on Wednesday stopped U.S. drugmaker Cosette from abandoning its A$672 million ($437.6 million) takeover of Mayne Pharma, which now awaits clearance from the Foreign Investment Review Board (FIRB). The ASX-listed pharmaceutical company said on Thursday it would take all steps within its scope to implement the deal. Shares in Mayne Pharma jumped as much as 14.8% to A$6.5 at open in Sydney, but were still trading way below the A$7.40 apiece that Cosette had offered. ...Read More >
NEW DELHI: Global crude oil prices rebounded from a five-month low after US President Donald Trump said Indian Prime Minister Narendra Modi had promised to halt purchases of Russian barrels -- a move that could tighten global supply. Speaking to reporters at the White House, Trump said, "So I was not happy that India was buying oil, and he (Prime Minister Narendra Modi) assured me today that they will not be buying oil from Russia. That's a big step. Now we're going to get China to do the same ...Read More >
India has firmly responded to U.S. President Donald Trump's recent claim that Prime Minister Narendra Modi assured him New Delhi would stop buying oil from Russia. The Ministry of External Affairs (MEA) reiterated on Thursday that India's energy imports are driven solely by the goal of protecting the interests of Indian consumers amid global energy volatility. Earlier, President Trump said he was "not happy" about India's continued oil purchases from Russia and claimed that PM Modi had assured ...Read More >
PATNA, India - Indian Prime Minister Narendra Modi's national alliance faces a tough regional election in the state of Bihar in November, due to youth unemployment and distrust over voter rolls, which could pose risks to his coalition that relies on regional partners. Bihar, in eastern India, is one of the country's poorest states and its third most populous, with over 130 million people. Its chief minister Nitish Kumar has previously sided with both Mr Modi and the opposition, but is currently ...Read More >
PATNA, India (Reuters) -Indian Prime Minister Narendra Modi's national alliance faces a tough regional election in the state of Bihar next month, due to youth unemployment and distrust over voter rolls, which could pose risks to his coalition that relies on regional partners. Bihar, in eastern India, is one of the country's poorest states and its third most populous, with over 130 million people. Its chief minister Nitish Kumar has previously sided with both Modi and the opposition, but is curr ...Read More >
[BENGALURU] Gold hit a record high on Thursday (Oct 16) as investors sought refuge in the metal amid persistent geopolitical and economic uncertainties, with expectations of US rate cuts and a weaker US dollar adding support. Spot gold rose 0.4 per cent to US$4,224.79 per ounce, as at 8.33 am, after hitting a record high of US$4,225.69. US gold futures for December delivery gained 0.9 per cent to US$4,239.70. Bullion, often seen as a safe-haven asset during periods of uncertainty, which tends ...Read More >
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