Reuters: Money News
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Updated: 5 min 58 sec ago
MUMBAI/NEW DELHI (Reuters) - Singapore sovereign wealth fund GIC is in talks to buy a 40 percent stake in a property rental company owned by India's biggest listed real estate developer DLF Ltd , DLF said on Wednesday.
WASHINGTON (Reuters) - U.S. consumer spending cooled in January as demand for automobiles and utilities fell, but inflation recorded its biggest monthly increase in four years, raising the probability of an interest rate hike from the Federal Reserve this month.
REUTERS - Wells Fargo & Co said eight senior executives, including Chief Executive Tim Sloan and Chief Financial Officer John Shrewsberry, will not receive cash bonuses for 2016, as the bank looks to increase accountability following a sales scandal.
NEW YORK (Reuters) - Wall Street indexes rallied on Wednesday, with the Dow hitting a record above 21,000 points, while the dollar and U.S. Treasury yields jumped as investors bet that a U.S. interest rate hike would come soon.
MILAN (Reuters) - Gail India has awarded a tender for a liquefied natural gas (LNG) shipment delivering in April at a price of around $6 per million British thermal units (mmBtu), traders said.
BERLIN (Reuters) - German inflation, a politically- and emotionally-charged issue for consumers heading for the polls later this year, soared to its highest level in four-and-a-half years in February, bounding past the European Central Bank's euro zone target.
NEW DELHI (Reuters) - India could impose a 25 percent import tax on wheat by the middle of March, two government sources said on Wednesday, reinstating the tariff after a gap of nearly three months in response to recent large purchases from overseas.
NEW DELHI (Reuters) - Surprised again by India's strong official growth statistics, economists are relying increasingly on high-frequency indicators like bank credit and rail freight to gauge the real health of Asia's third-largest economy.
MUMBAI (Reuters) - Tata Consultancy Services Ltd (TCS), which plans to buy back shares worth up to 160 billion rupees ($2.39 billion), said on Wednesday the founder group of the company intended to participate in the proposed buyback.
(Reuters) - Euro zone manufacturing growth accelerated to a six-year high in February as a weaker euro helped drive strong demand for its exports, with inflationary pressure showing further signs of recovering, a business survey showed.
HONG KONG (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, is "definitely bidding" for the chip business of Japan's Toshiba Corp and is "very confident" it can buy into it, company founder Terry Gou said on Wednesday.
LONDON (Reuters) - Gold fell on Wednesday as the dollar gained after comments from U.S. Federal Reserve officials raised expectations of an interest rate hike in March and overshadowed President Donald Trump's first major policy speech to Congress.
REUTERS - Indian shares rose on Wednesday, snapping two days of losses and approaching a key psychological level of 9,000, after stronger-than-expected economic growth eased worries about the impact of the government's demonetisation drive.
MUMBAI (Reuters) - India's February gold imports surged to 50 tonnes, up more than 82 percent from a year ago, on pent-up jeweller demand and as retail consumers ramped up purchases for weddings, provisional data from consultancy GFMS showed on Wednesday.
SINGAPORE (Reuters) - Crude oil lost more ground on Wednesday with rising U.S. oil output adding pressure on the market, although OPEC production cuts continued to offer support.
HONG KONG (Reuters) - Asian factories extended a global manufacturing revival as activity picked up steam in February, though the outlook for many of the region's export-reliant economies remained uncertain in the wake of U.S. President Donald Trump's protectionist stance.
(Reuters) - Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014.
SINGAPORE (Reuters) - U.S. stock futures pared gains on Wednesday on disappointment that President Donald Trump did not offer further details on his plans for infrastructure spending and tax reforms, but the dollar firmed on growing expectations of a rate hike this month.
MUMBAI (Reuters) - Economist Viral Acharya spent nearly two decades studying banking crises around the world. Now, as a deputy governor at India's central bank, he is turning his attention to one that may be developing at home.
NEW DELHI/MUMBAI (Reuters) - India's aviation regulator said it is investigating issues that have arisen with the Pratt and Whitney engines in Airbus Group's A-320 NEO narrow-body jets brought into service over the past year by two local carriers.