India’s HDFC Bank, Mortgage Lender HDFC Ltd To Merge
BENGALURU (Reuters) – Indian private lender HDFC Bank will merge with housing finance firm HDFC Ltd, the companies said on Monday. (Reporting by Chris Thomas in Bengaluru; Editing by Arun Koyyur)
April 2022
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Shares Turn Mixed, 2-year Treasury Yields Near 2.5%
By Wayne Cole SYDNEY (Reuters) – World share markets were mixed on Monday amid talk of yet more sanctions against Russia over its invasion of Ukraine, while bonds continued to spell the risk of a hard landing for the U.S. economy as short-term yields hit three-year highs. A holiday on China made for sluggish trading,…
Digicel Says ‘discriminatory’ Papua New Guinea Tax Could Impact Australia Buyout Of Pacific Mobile Networks
By Kirsty Needham SYDNEY (Reuters) – Digicel Group said it is considering legal options after Papua New Guinea (PNG) imposed a $100 million tax that the telecoms firm said has potential “implications” for the planned A$2.1 billion ($1.57 billion) sale of the Pacific’s biggest mobile network to Australia’s Telstra. Telstra Corp Ltd said last October…
Euro Weighed Down By Talk Of Fresh Russia Sanctions
By Tom Westbrook SINGAPORE (Reuters) – The dollar made a firm start to the week as Treasury yields rose with expectations of rapid-fire U.S. interest rate hikes, while talk of bans on Russian gas kept the euro within sight of its 2022 lows. The euro has been weighed down by worries about the economic damage…
Oil Extends Losses On Reserves Release, Yemen Truce
By Florence Tan SINGAPORE (Reuters) – Oil prices extended losses on Monday as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East. Brent crude futures fell 79 cents, or 0.8%, to $103.60 a barrel by 0037 GMT while…
Asia Shares Start Cautiously, Treasury Yields Keep Climbing
By Wayne Cole SYDNEY (Reuters) – Asian share markets got off to a cautious start on Monday amid talk of yet more sanctions against Russia over its invasion of Ukraine, while bond markets continued to sound the risk of a hard landing for the U.S. economy as short-term yields surged. A holiday on China made…
Exclusive-Climate Change Could Cost U.S. Budget $2 Trillion A Year By End Century -White House
By Timothy Gardner WASHINGTON (Reuters) – Flood, fire, and drought fueled by climate change could take a massive bite out of the U.S. federal budget per year by the end of the century, the White House said in its first ever such assessment on Sunday. The Office of Management and Budget assessment, tasked by President…
Indian State Cancels Adani Bids To Supply Imported Coal
By Sudarshan Varadhan NEW DELHI (Reuters) -India’s southern Andhra Pradesh has cancelled bids made for two separate tenders by India’s Adani Enterprises to supply imported coal as the prices quoted were too high, two state government officials told Reuters. It is the first time in recent years that a major government tender for imported coal…
Canada To Support GM Multi-billion-dollar Investments In Two Plants – Source
By Steve Scherer OTTAWA (Reuters) -Canada on Monday will announce its support for General Motors Co’s multi-billion-dollar investment in two plants, including one that will produce electric commercial vehicles (EVs), a government source said. Both the federal government and Ontario’s provincial government will invest in the two GM plants in Ingersoll and Oshawa, said the…
Oil Prices Fall After Truce In Middle East Conflict, SPR News
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that would halt military operations on the Saudi-Yemeni border, alleviating some concerns about potential supply issues. The early losses this week come after oil prices…