By Deep Kaushik Vakil (Reuters) – Gold rallied 1% on Monday as the dollar’s retreat burnished bullion’s appeal as a safe-haven after a surprise output cut by OPEC+ rekindled fears of prolonged inflation and triggered uncertainty about the central bank response. Spot gold gained 0.9% at $1,984.75 per ounce by 1:45 p.m. EDT (1745 GMT). …
Gold rallies on dollar retreat as markets grapple with OPEC surprise Read More »
By Sam Tobin LONDON (Reuters) – Global payments processors Visa and Mastercard are fighting a new set of lawsuits over fees charged to retailers, with their lawyers telling a London tribunal on Monday that the proposed collective cases serve no purpose. The two firms already face a litany of lawsuits in London over so-called multilateral …
Visa, MasterCard tell UK tribunal to block new mass actions Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator is investigating possible violation of ‘related party’ transaction rules in the Adani Group’s dealings with at least three offshore entities that have links to the brother of the conglomerate’s founder, two people said. The three entities allegedly entered into several investment transactions with unlisted units …
India regulator probing some Adani offshore deals for possible rule violations-sources Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was flat on Monday, having regained its losses from earlier in the day after a decision by major oil producers to reduce supply caused the dollar to briefly spike. At 1615 GMT, the rand traded at 17.8000 to the dollar, close to its previous close of 17.8050. The dollar index …
South African rand flat against dollar; stocks rise Read More »
WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy will host a meeting in California on Wednesday with Taiwan’s President Tsai Ing-wen, his office said, part of a sensitive U.S. stopover that has drawn Chinese threats of retaliation. China, which claims democratically ruled Taiwan as its own territory, has repeatedly warned U.S. officials not to meet …
US House speaker to host Taiwan president on Wednesday in California Read More »
By Johann M Cherian and Shristi Achar A (Reuters) -Britain’s commodity-heavy FTSE 100 ended at a three-week high on Monday, lifted by oil majors as crude prices rallied, while Cineworld Group hit a fresh record low after the cinema chain operator scrapped a major sale plan. The blue-chip FTSE 100 rose 0.5%, starting the new …
FTSE 100 hits three-week high as oil stocks soar; Cineworld plummets Read More »
By Ira Dugal and Ankur Banerjee MUMBAI (Reuters) – Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) a month buying necessities like groceries, clothes and gadgets, all by tapping a few buttons on his mobile phone. “My only offline spends are bars and …
From fast food to autos, India’s digitally connected users lure investors Read More »
By Pavel Polityuk KYIV (Reuters) -Ukraine scorned Russian claims to have captured the eastern city of Bakhmut on Monday, saying its foes had raised a victory flag over “some kind of toilet” while combat was raging. The battle for Bakhmut has been one of the bloodiest of the conflict, now in its second year, with …
Ukraine mocks Russian claim to have captured Bakhmut Read More »
By Nick Starkov and Ronald Popeski KYIV (Reuters) – Fighting around the eastern Ukrainian city of Bakhmut remained “particularly hot”, President Volodymyr Zelenskiy said, giving no indication the city had finally fallen to Russia as claimed by the founder of the Wagner mercenary force. Yevgeny Prigozhin said his troops, involved in a months-long effort to …
Ukraine’s Zelenskiy thanks Bakhmut defenders as Wagner head says town has fallen Read More »
(This April 2 story has been corrected to change ‘disagree’ to ‘agree’ in the quote, in paragraph 9) By Maiya Keidan and Divya Rajagopal TORONTO (Reuters) – Canada’s move to clear Rogers Communications Inc’s C$20 billion ($15 billion) bid for Shaw Communications Inc after two years should have been a balm to markets. Instead, dealmakers …
Rogers-Shaw M&A approval raises prospects of political meddling in Canadian dealmaking Read More »
