Page 734 - Reuters

Goldman Sachs, BofA expect three more US Fed rate hikes this year

Both banks forecast Fed fund rates at 5.25%-5.5% range

RBI may be selling dollars in NDF to keep rupee above 83/USD: Bankers

The central bank's move to sell dollars in the NDF before the open was likely aimed at ensuring that rupee does not fall below 83, the bankers said

CERC approves proposal to start new market segment for 'expensive' power

The approval from the CERC, given to the country's largest spot power market, is for electricity derived from costlier sources of imported coal and gas, as well as battery storage

GAIL plans to buy up to 26% equity stake in LNG projects in United States

GAIL had run into supply disruptions last year after Russia-owned Gazprom Marketing and Trading (GMTS) failed to deliver some LNG cargoes

India setting up $4 billion fund to backstop corporate debt market

The government will provide 90% of the money for the fund, and other asset managers would contribute the rest, deputy managing director D.P. Singh said

Rural recovery may drive next bout of India inflation: HSBC economists

The Indian economy could see another bout of inflation as the rural demand revives and the informal sector recovers from the pandemic-lows, economists at HSBC Securities and Capital Markets said

Rupee poised to weaken after dollar jump on hawkish Federal Reserve

The Indian rupee is expected to open lower against the U.S. currency on Friday, following a surge on the dollar index after two Federal Reserve officials said they preferred bigger rate increases

Dollar jumps to six-week high in early trade on higher rate expectations

The latest data releases gave the US dollar a leg up, knocking sterling to a fresh six-week low of $1.1952 on Friday

Binance moved $400 mn from US partner to firm managed by CEO Zhao

Over the first 3 months of 2021, more than $400 mn flowed from the Binance.US account at California-based Silvergate Bank to this trading firm, Merit Peak Ltd, according to records for the quarter

Tesla recalls 362,000 US vehicles over Full Self-Driving software

The recall covers 2016-2023 Model S and Model X vehicles, 2017-2023 Model 3, and 2020-2023 Model Y vehicles equipped with FSD Beta software or pending installation

World Bank may loosen loan ratio to free up $4 bn a year for climate change

Malpass said the bank's International Bank for Reconstruction and Development (IBRD) arm may lower its equity-to-lending ratio by one percentage point to 19%

Adani Green to disclose refinancing plan after fiscal year ends: Report

One of its subsidiaries, Adani Green Energy Limited Restricted Group, will refinance existing bonds through a 15-year amortizing private placement, the executive said, according to the sources

Paramount Global to raise streaming prices as ad slump knocks revenue

Shares in Paramount, formerly known as ViacomCBS, were down 1.5% in a broadly weak market. They had tumbled as much as 8% in premarket trading

Akasa Air to place large plane order in 2023, eyes international growth

The new order will be for narrowbody planes, said Akasa's co-founder, a former chief executive of now-grounded, bankrupt full-service carrier Jet Airways

India's January gold imports plunge 76% to 32-month low on subdued demand

India did not slash the import duty on gold in its budget presented on Feb. 1 but raised the import duty on silver

US jobless claims data fuels rate-hike angst, Wall Street slides

Claims remain low despite high-profile layoffs in the technology sector and other industries highly sensitive to interest rates

China sanctions Lockheed Martin, Raytheon Technologies for Taiwan sales

Washington contended that the balloon was spying and shot it down, while China claims it was a civilian airship collecting weather data that went off course

Adani Green to disclose refinancing plan after fiscal year ends: Source

Adani and two of its main subsidiaries, including Adani Green, caught up in a short-selling storm in recent weeks are holding calls with bond investors on Feb. 16 and Feb. 21

Govt looks to tap section of kirana stores to expand GST base: Report

The federal government is also working on a strategy with state governments and will seek their inputs to increase the base of indirect tax payers

Indian consumer goods makers bet on rural recovery to lift profits

A nascent revival in rural demand is likely to prop profits at Indian consumer goods companies in the March quarter, as improving income and credit disbursal allow buyers to spend more on branded oils