Page 843 - Reuters

Oil prices surge on weakening dollar, potential supply disruptions

Brent crude futures rose 38 cents, or 0.4%, to $94.48 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude rose 46 cents, or 0.5%, to $88.94

Traffic, water shortages, now floods: Is Bengaluru dying a slow death?

Concrete replaced green spaces and construction around the edge of lakes blocked off connecting canals, limiting the city's capacity to absorb and siphon off water

Oil up by 1% to $94.10 a barrel on supply concerns, expected fuel switching

Brent crude futures settled up 93 cents, or 1%, at $94.10 a barrel, while U.S. West Texas Intermediate crude ended $1.17, or 1.3%, higher at $88.48.

US considers sanctions on China to deter it from invading Taiwan: Report

The idea is to restrict some trade and investment with China in sensitive technologies like computer chips and telecoms

India's trade with Russia in rupees to start soon, says FIEO's President

Indian companies are already swapping out dollars and euros for Asian currencies to settle trades to avoid Western sanctions on Russia

Central bankers must be 'stubborn' in fighting inflation: IMF's Georgieva

If fiscal policy & monetary policy worked well, next year might prove less painful. But if fiscal policy was not targeted sufficiently, it could become the enemy of monetary policy, fueling inflation

Yen jumps vs USD after BOJ rate check, hints on intervention, US PPI data

In a rate check, central bank officials call up dealers and ask for the price of buying or selling yen. However, actually intervening to support the currency would be a larger step.

Oil rises 2% on supply concerns, expectations for gas-to-oil switching

Brent crude futures rose by $1.86 a barrel, or 2%, to $95.03 by 11:58 a.m. EDT (1558 GMT). U.S. West Texas Intermediate crude gained $2.06, or 2.4%, to $89.37.

Vedanta to create hub to manufacture iPhones, TV equipment in India

Vedanta on Tuesday announced a $19.5 billion investment with Taiwan's Foxconn to set up semiconductor and display production plants in Gujarat

Wall Street edges higher after rout on rate hike worries; Tesla up 1.5%

Traders price in 37% chance of 100 bps rate hike next week; Starbucks projects strong profit growth over next three years

EU seeks $140 bn from energy firms to insulate consumers from energy crisis

European gas and power prices have rocketed this year as Russia cut fuel exports to retaliate for Western sanctions over its invasion of Ukraine

King Charles and sons follow coffin for queen's last journey from palace

Queen's coffin begins journey from palace to parliament; four days of lying in state, large queue forming

Vedanta sees no funding problems for $19.5-bn chip JV with Foxconn

Vedanta chairman says chips from Gujarat would help to foster clusters of companies that could make products like iPhones, television sets, laptops and other electronic goods in India

India set to allow 5 mn tonnes of sugar exports in first tranche: Report

On Oct. 1, 2022, when the new season begins, mills' carryover stocks from the previous season are expected at 6 million tonnes against 8 million tonnes a year earlier

India narrows thermal coal imports gap with top buyer China as demand rises

India is fast catching up with China in its thermal coal imports, as the world's two biggest overseas buyers of the power generation fuel adjust purchases

Index inclusion may fuel only short term gains in Indian rupee, bonds: DBS

Meanwhile, elevated supply of bonds in the second half of this financial year will bring focus back to incremental demand, resulting in a gradual rise of yields, the house said

Goldman cuts Infosys, TCS to 'sell' on looming slowdown, upgrades Wipro

Goldman said it remains 'more sanguine' on EBIT margin forecasts than on revenue of IT firms, given multiple levers such as higher employee utilisation, controls on variable pay and annual wage hikes

India's rice exports set to fall 25% as levy make shipments expensive

"The duty has made Indian rice expensive. Exports would drop by at least 5 million tonnes," B.V. Krishna Rao, president of The Rice Exporters Association (TREA), told Reuters.

Rupee falls 30 paise against US dollar to 79.44 on hawkish Fed outlook

Rupee had opened at 79.60, but managed to claw back from its fall, helped by Indian shares recouping a large part of their losses

Insurers juggle surge in claims in aftermath of Bengaluru floods

Three days of heavy rainfall from Sept. 5 saw homes and offices in Bengaluru's IT corridor flooded, sparking chaos and raising questions over poor urban planning.