By Madhumita Gokhale BENGALURU (Reuters) – India’s consumer inflation likely cooled to an 18-month low in April as rises in food and fuel prices moderated, keeping it below the Reserve Bank of India’s upper tolerance limit for the second consecutive month, a Reuters poll of economists found. Food inflation, which accounts for nearly half of…
By Khalid Abdelaziz KHARTOUM (Reuters) -Residents of Sudan’s capital reported heavy air strikes in central Khartoum on Tuesday amid a surge in looting while Saudi Arabia said negotiators were working toward a short-term ceasefire. Witnesses said the army unleashed intense air bombardment in the centre of Khartoum and around the presidential palace. The rival Rapid…
(Reuters) – Ratings agency S&P on Tuesday said a pension debt exchange by El Salvador in April constituted a default event, but added that the new terms of the exchange also cured the default. El Salvador conducted a pension debt exchange on April 28, offering private pension funds a mix of new certificates to replace…
By Rae Wee SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers failed to break a deadlock on the debt ceiling crisis, though currency moves were marginal amid caution ahead of U.S. inflation data later in the day. Biden and House of Representatives Speaker Kevin McCarthy remained…
By Anirban Sen NEW YORK (Reuters) -A consortium comprising Elliott Investment Management, Patient Square Capital and Veritas Capital is nearing a deal to acquire Syneos Health Inc, a provider of clinical research to drug developers, for more than $7 billion, including debt, people familiar with the matter said. The consortium will pay about $43 per…
By Renju Jose SYDNEY (Reuters) – Australia’s Labor government said on Wednesday the billions in cost-of-living relief unveiled in the federal budget for families and businesses will not worsen inflationary pressures and put more pressure on the central bank to lift rates further. Australia on Tuesday boasted the first budget surplus in 15 years after…
WASHINGTON (Reuters) – President Joe Biden and top Republican lawmakers met face-to-face on Tuesday as a deadlock over raising the $31.4 trillion U.S. debt limit threatened to push the country into an unprecedented default in as soon as three weeks if Congress does not act. Biden is calling on lawmakers to raise the federal government’s…
(Reuters) – Twitter Inc Chief Executive Elon Musk on Tuesday revealed details about new features including adding calls and encrypted messaging coming to the platform. Last year, Musk flagged plans for “Twitter 2.0 The Everything App”, which he said would have features such as encrypted direct messages (DMs), longform tweets and payments. “Coming soon will…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A heavy dose of Japanese corporate earnings and a smattering of South Korean economic data give Asian markets a local steer on Wednesday against a backdrop of growing unease surrounding the U.S. debt ceiling crisis. Full-year Japanese earnings…
By David Lawder and Jahnavi Nidumolu WASHINGTON (Reuters) -Wall Street executives who have advised the U.S. Treasury’s debt operations for the past 25 years warned on Tuesday they are “deeply concerned” about the debt limit impasse that has markets worried about a U.S. default on payment obligations. The 18 current and former chairs and vice…
