Page 689 - Reuters

Apple Inc supplier Pegatron in talks to open second India factory: Reports

Pegatron plans to add a second facility near the southern city of Chennai in Tamil Nadu state, just six months after opening the first with an investment of $150 million

Foreign exchange reserves rise to over six-week high with $572.8 bn

The central bank intervenes in the spot and forwards market to prevent runaway moves in the rupee's exchange rate against the dollar

Xiaomi's revenue and profit slides in Q4 due to China's Covid-19 curbs

The company's revenue for 2022 was 280.04 billion yuan, a drop of 14.7%, while net income came in at 8.52 billion yuan, down 61.4%

Euro falls sharply against dollar as banking sector troubles continue

The euro fell sharply against a strengthening dollar on Friday amid nervousness over banks, with better-than expected economic data failing to lift sentiment

No respite for global stocks as banks around the world continue to struggle

The MSCI World share index traded 0.4% lower, while still heading for a 1.5% weekly gain. Europe's STOXX 600 index was down 1 per cent

Analysts cut Asian companies' earnings; global slowdown, China to blame

Some analysts expect China's recovery may not be enough to offset headwinds from weak global demand and supply constraints for export-reliant economies in the region

RBI has 'enough valid reasons' to pause rate hikes in April: ISEC PD

Market participants and analysts broadly expect a rate hike of 25 basis points (bps) on April 6, when the country's monetary policy committee (MPC) ends its three-day meet

LIC plans investment exposure caps post Adani share rout: Reports

After the Adani group lost over $100 billion in valuation post scathing allegations by U.S.-based Hindenburg Research, state-run LIC was criticized for having over $4 billion exposure

Ambani adopts familiar playbook in India cola battle vs Coke, Pepsi

A person with direct knowledge of Reliance's plan said it aims to open some factories of its own or as joint ventures to make Campa, and take the soda to hotels, restaurants and in-flight sales

India's current account deficit likely narrowed to 2.7% of GDP in Q4: Poll

The median forecast of 22 economists polled March 16-23 showed a current account deficit of $23.0 billion in October-December 2022, or 2.7% of gross domestic product (GDP)

IMF, World Bank to convene next sovereign debt roundtable for April 3

The meeting comes amid continued delays in securing debt treatment agreements for Zambia, Ghana, and Ethiopia that US officials and others blame on foot-dragging by China

Sanofi drug to treat 'smoker's lung' clears trial, says report

Sanofi added its "bold" decision to go without earlier-stage clinical COPD trials had shaved years off the development time

Dollar falls for sixth day, BoE, SNB, Norges Bank raise interest rates

Futures imply around a 50% chance of one more quarter-point hike, in contrast to Europe where markets see around 50 bps of further tightening

TikTok CEO Shou Zi Chew rebuts Chinese spy charge at Congress grilling

TikTok has said it has spent more than $1.5 billion on what it calls rigorous data security efforts under the name "Project Texas"

US pick for World Bank, Ajay Banga to meet PM Modi, Sitharaman in India

These discussions will focus on India's development priorities, the World Bank, and global economic development challenges, the Treasury said in a statement

Jio's new 5G plans may impact Bharti Airtel's key metrics: JP Morgan

The launch of cheaper postpaid plans with unlimited 5G by Reliance's Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric

Global central banks stick to rate hikes with eye on market turmoil

Overall, 10 developed economies have raised rates by a combined 3,290 basis points (bp) in this cycle to date

Investments in Adani entities comply with Indian laws: TotalEnergies

That represented a significant capital gain from the end of 2022, when such investments stood at $3.1 billion, TotalEnergies said in a statement

Bank of England raises interest rates again, sees inflation shock fading

BoE announces quarter-point rate hike to 4.25%; MPC says it expects inflation to fall faster

India's Feb crude oil imports jump 8% as demand hits over 2 decade high

India's imports of crude oil in February rose about 8% from a year earlier, government data showed on Wednesday, as fuel demand hit over 2-decade highs in the world's third-biggest oil importer