Page 10 - Reuters

GQG founder to meet Australian investors after $1.9 bn Adani investment

Investment firm GQG Partners Inc founder Rajiv Jain will meet clients and investors in Australia this week and will explain its investment into embattled Indian conglomerate Adani Group

Federal Reserve Chair Jerome Powell pushes dollar to three-month high

The rising greenback broke above its 200-day moving average against the yen for the first time this year in Asia trade, hitting its highest since mid-December at 137.49 yen

Govt agencies to buy red onion as prices plunge on surplus output

Govt said it has directed two of its agencies to "immediately intervene" and purchase red onion crops from the market after prices fell significantly over last month, resulting in protests by farmers

Wall Street drops, Treasury yields gyrate on Fed Chairman Powell's remarks

US stocks retreated and benchmark Treasury yields wavered on Tuesday as Federal Reserve Chairman Jerome Powell commenced his semi-annual, two-day monetary policy testimony before Congress

Sri Lanka in talks to extend $1 bn Indian credit line as IMF deal looms

Sri Lanka is negotiating with India to extend a $1 billon credit line by a few months, as the island nation tries to line up funds for the rest of the year

Oil steady post 5 sessions of gains, as market juggles supply, demand fears

Oil prices were little changed on Tuesday after five sessions of gains, with weak oil data from top crude importer China balanced by concern over supply

Adani Group pre-pays over $900 million worth share-backed financing

Adani Group has been looking to ease concerns about its credit profile after a U.S.-based short seller noted high debt and alleged improper use of offshore tax havens and stock manipulation

GQG founder to meet Australian investors after $1.9 bn Adani investment

GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout

US must stop suppressing China or risk 'conflict': Chinese FM Qin Gang

"The United States' perception and views of China are seriously distorted," Qin said

India housing market to remain resilient despite higher rates: Poll

A major source of employment in a country of 1.4 billion people where a majority are unskilled, the Indian housing market is likely to remain a stable contributor to economic activity in India

India considers raising palm oil import tax to help rapeseed farmers

The increase in the tax on palm oil could lift local prices, making the tropical oil a little less competitive than rival soyoil and sunflower oil

ONGC signs MoU with France's TotalEnergies for deep-water exploration

The MoU seeks to provide technical help for ONGC's push to explore and reduce green house emissions in development of deep-water blocks especially in Mahanadi and Andamans, off India's east coast

Nannies on call, spas; India witnessing 'mad rush' for luxury housing

Many people want to upgrade their homes after the Covid-19 pandemic confined them indoors, industry executives say. Working from home has also led to a demand for larger apartments

Will pay up to settle labour dispute with Japan, says South Korea

Forced work under Japan's 1910-1945 occupation: The move presents a unified front against China and North Korea

Oil prices down on China outlook, spotlight on possible rate hikes

At the same time, oil prices are likely to be impacted by rate hikes across the world as global central banks tighten policy over fears of increasing inflation

Indian shares extend rally for 2nd time after strong economic data from US

Most of the Adani group stocks advanced, extending gains after U.S. boutique investment firm GQG Partners' $1.87 billion investment in the conglomerate on Thursday

Rupee poised to extend rally on soft dollar index, positive risk mood

The non-deliverable forwards indicate the rupee will open at around 81.85 to the dollar compared with 81.9650 in the previous session

Dollar subdued as traders eye Powell's testimony, February jobs report

The dollar index, which measures the U.S. currency against six major peers, was down 0.057% at 104.560, but not far off a seven-week high of 105.36 it touched last week

Can't get my money out of China, India better investment option: Mobius

Mobius, who calls himself 'the Indiana Jones of Emerging Market investing', told FOX Business he's increasing exposure to alternative markets such as India and Brazil

Foxconn reports 11.65% fall in February sales, sticks to Q1 outlook

Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple, said revenue in February fell 11.65% year-on-year due to weakness in smart consumer electronics