MUMBAI (Reuters) – India’s foreign exchange reserves rose for a third consecutive week and stood at $599.53 billion for the week ended May 12, their highest level since early June, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. That is an increase of $3.55 billion from the previous week. Reserves had risen…
LONDON/NEW YORK (Reuters) – Britain’s Prince Harry and his wife Meghan were pursued by photographers in New York on Tuesday in what the prince’s spokesperson described as a “near catastrophic car chase,” highlighting the often tense relationship between celebrities and photographers. Police in New York, however, described the encounter as relatively brief and said there…
By Andy Home LONDON (Reuters) – High-flying lithium has come crashing back to earth. A super-charged two-year rally, which saw Chinese spot lithium carbonate prices rise by tenfold, went into brutal reverse over the first part of this year. The spot price slumped by 70% between November and its low point in April. The battery…
NEW DELHI/BEIJING (Reuters) – China said on Friday that it is opposed to a G20 tourism meeting next week in the disputed Himalayan territory of Kashmir in India and will not attend. India, which holds the chair of G20 this year, has organised a series of meetings across the country in the run-up to the…
By Jesús Aguado MADRID (Reuters) – The European Central Bank needs to keep interest rates high to curb inflation in the medium term, its president Christine Lagarde said on Friday, signalling more monetary tightening. The ECB slowed the pace of rate hikes this month with a 25-basis-point rise, but Lagarde indicated the cycle was not…
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – Tesla Inc is “serious” about its plans to establish a manufacturing base in India, the country’s deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker. The Elon Musk led U.S. automaker held…
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – Tesla Inc is “serious” about its plans to establish a manufacturing base in India, the country’s deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker. The Elon Musk led U.S. automaker held…
By David Morgan WASHINGTON (Reuters) -President Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence about striking a debt-ceiling deal to avoid a catastrophic default, but they could be tripped up by last-minute opposition from the hardline House Freedom Caucus. The small but powerful Republican faction warned this week that they…
By Renee Maltezou ATHENS (Reuters) – Greece heads for what is likely to be an inconclusive parliamentary election on Sunday, paving the way for wrangling between parties to forge a ruling coalition in a deeply divided political landscape. Opinion polls show Prime Minister Kyriakos Mitsotakis’ conservative New Democracy ahead of Alexis Tsipras’ left-wing Syriza party,…
By Jayshree P Upadhyay and Arpan Chaturvedi MUMBAI (Reuters) -India’s markets watchdog has “drawn a blank” in investigations into suspected violations in overseas investments in the Adani group and its ongoing pursuit of the case could be a “journey without a destination”, a court-appointed panel said. Shares of companies of the coal-to-airports conglomerate, controlled by…
