Updated - Squid Business

India’s Adani Ports to prepay 10 billion rupees on CPs due in March – spokesperson

By Bhakti Tambe MUMBAI (Reuters) -India’s Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, plans to prepay 10 billion rupees ($120.8 million) in commercial papers maturing in March, a company spokesperson said. “This part prepayment is from the existing cash balance and funds generated from the business operations,” the …

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ADB proposes up to $25 billion development support to India

NEW DELHI (Reuters) – The Asian Development Bank’s (ADB) president has proposed up to $25 billion development support to India over 5 years in a meeting with Prime Minister Narendra Modi on Tuesday, a statement from the bank said. “ADB will provide multifaceted support for India’s key priorities,” the statement quoted ADB president Masatsugu Asakawa …

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South African rand slips as investors await budget speech

JOHANNESBURG (Reuters) -The South African rand on Tuesday slipped to its lowest level this year, with investors awaiting the finance minister’s budget speech due on Wednesday that is likely to provide cues on the government’s policy trajectory. At 1524 GMT, the rand traded at 18.2875 per dollar, about 1.04% weaker than its previous close, after …

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Russia’s Putin issues new nuclear warnings to West over Ukraine

By Guy Faulconbridge MOSCOW (Reuters) – President Vladimir Putin on Tuesday delivered a warning to the West over Ukraine by suspending a landmark nuclear arms control treaty, announcing that new strategic systems had been put on combat duty, and threatening to resume nuclear tests. Nearly a year after ordering an invasion that has triggered the …

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Gold subdued on firm dollar and yields, markets await U.S. data

By Seher Dareen (Reuters) – Gold prices inched lower on Tuesday as dollar strengthened and bond yields rose, while investors awaited U.S. economic data later this week for more clues on the rate-hike trajectory by the Federal Reserve. Spot gold fell 0.2% to $1,838.40 per ounce by 9:45 a.m. ET (1445 GMT). U.S. gold futures …

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Indian shares end lower in cautious trade ahead of Fed minutes

By Sethuraman N R and Bharath Rajeswaran BENGALURU (Reuters) -Indian shares ended lower for the third day in a row on Tuesday, having spent the session in a narrower-than-usual trading range on caution ahead of the minutes from the U.S. Federal Reserve’s meeting amid fears of a higher-for-longer interest rate regime. The Nifty 50 index …

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Main Afghan-Pakistani border crossing closed, residents report gunfire

KABUL/PESHAWAR, Pakistan (Reuters) -Taliban authorities have closed the main border crossing between Afghanistan and Pakistan, an Afghan official said on Monday, and residents in the area reported the sound of gunfire near the normally bustling border transit point. A Taliban provincial information official said the Torkham border crossing, near the Khyber Pass, was closed for …

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South Africa’s Sibanye-Stillwater launches takeover bid for Australia zinc miner

MELBOURNE (Reuters) -South African precious metals producer Sibanye-Stillwater, the biggest shareholder in Australian zinc miner New Century Resources, said it had launched an unsolicited takeover offer after losing confidence in the target’s board. The A$1.10 a share cash off-market offer values all of New Century at A$144.1 million ($99.54 million), a premium of almost 43% …

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Ethiopia commission accuses Oromiya rebels of killing 50 people

(This Feb. 15 story has been corrected to say the commission report indicated members of the Amhara ethnic group were targeted in the attack) ADDIS ABABA (Reuters) – At least 50 people were killed in Ethiopia’s Oromiya region this month in an attack by a banned rebel group, the state-appointed human rights commission said on …

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Putin set for major Ukraine war speech after Biden walks streets of Kyiv

By Pavel Polityuk and Max Hunder KYIV (Reuters) -Russian President Vladimir Putin was due to make a speech on Tuesday setting out aims for the second year of his invasion of Ukraine, a day after U.S. President Joe Biden walked central Kyiv promising to stand with Ukraine as long as it takes. Following his surprise …

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