By Richa Naidu LONDON (Reuters) -This Valentine’s Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants. COVID-era supply chain logjams and Russia’s invasion of Ukraine have meant that Britons paid a record 16.7% more for food…
By Aditya Kalra, Bharath Rajeswaran and Jayshree P Upadhyay NEW DELHI (Reuters) – India’s Adani Group sought to reassure investors on Monday as a rout in its shares continued, saying its business plans were fully-funded, its cashflows strong and it remained confident of delivering attractive returns to shareholders. Led by billionaire businessman Gautam Adani, the…
BENGALURU (Reuters) – Adani Group said on Monday the balance sheet of each of its portfolio companies was “very healthy” and that it has strong corporate governance and secure assets, amid a stock rout in the wake of a short-seller report. Adani Group companies “have strong cash flows, and our business plan is fully funded,”…
By Wayne Cole and Amanda Cooper LONDON/SYDNEY (Reuters) – Global shares steadied, while the dollar rose on Monday, ahead of U.S. inflation data that could define the outlook for global interest rates, while news that the U.S. air force had shot down another airborne object created some geopolitical uncertainty. Officials declined to say whether this…
(Reuters) – Japanese investors turned net buyers of overseas bonds in January for the first time in five months, as U.S. bond yields retreated on signs that slowing inflation would prompt major central banks to reduce their pace of rate hikes. According to data from Japan’s Ministry of Finance, Japanese investors purchased a net 1.56…
SHANGHAI (Reuters) – Slashed prices have given Tesla’s China sales a pop, but analysts – and even fans – warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-moving rivals in the world’s biggest electric vehicle market. Most immediately, Tesla’s January price cuts drove deliveries of its…
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) -DBS Group, which has seen its net interest margins hit highs for the decade on rising interest rates, expects rates to moderate, its chief executive said, as Southeast Asia’s largest bank by assets reported record quarterly and full-year profit. Singapore lenders, like global peers, are benefiting from…
A look at the day ahead in European and global markets from Tom Westbrook A flying octagon was the fourth object to be shot down over North America by a U.S. missile in little more than a week. Officials declined to say whether it resembled the large white Chinese balloon that was shot down earlier…
By Florence Tan and Emily Chow SINGAPORE (Reuters) – Oil prices eased on Monday after rising 2% in the previous session, as investors focused on short-term demand concerns stemming from crucial upcoming U.S. inflation data and refinery maintenance in Asia and the United States. Brent crude futures fell 74 cents, or 0.9%, to $85.65 a…
By Savyata Mishra (Reuters) -Australia’s Star Entertainment Group on Monday warned of an up to A$1.6 billion ($1.11 billion) impairment charge in first-half earnings from a proposed casino duty hike in New South Wales, sending its shares tumbling 22% to a record low. The warning underlines the possible impact of proposed tax rate hikes on…
