Page 8 - Reuters

Asian stocks rally, set for best week since 2022 ahead of US-Iran talks

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.9 per cent to put it up 7.3 per cent for the week, the most since November 2022

Gold demand in India picks up ahead of Akshaya Tritiya, China premiums ease

Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold ‌is considered auspicious, will be celebrated on April 19

China's factories slip back into inflation on Iran war price shock

An input-cost shock to the world's largest manufacturing base threatens jobs and wages, with around a quarter of firms already operating at a loss after years of overcapacity and price wars

China's independent refiners buy Iran oil at premiums to Brent for 1st time

Iranian oil typically trades at discounts to Brent because of the sanctions and Chinese independent refiners, also known as teapots, are its biggest buyers

Pilots fear retribution over refusing to fly in West Asia: Aviators' group

Pilots from Lebanon to India have voiced 'widespread' concerns they could face sanctions if ​they do not fly in often unpredictable conditions where airspace can close with little notice

Capri Global to raise ₹500 cr via bonds, shift focus to debt markets: MD

The non-banking finance company will issue bonds with maturities of two, three, five and 10 years

Oil prices rise following strikes on Saudi Arabia's energy infrastructure

Brent crude futures gained 83 cents, or 0.87 per cent, ‌to $96.75 a barrel as of 0100 GMT

Banks exit bulk of rupee arbitrage positions ahead of RBI deadline

RBI imposed limits on banks on ‌March 27, directing them to cap their net open positions in the rupee in the onshore market at $100 million, requiring that they comply by April 10

Tesla plans smaller, cheaper EV; global production expansion likely

The conversations involved the manufacturing pro- cess and specifications for various components

Meta unveils Muse Spark, first AI model from superintelligence team

Superintelligence refers to AI machines that could outthink humans. Muse Spark is the first in a new series of models, known internally as Avocado, from that team

US Q4 GDP growth revised down to 0.5% as economy slows more than expected

Last year's shutdown of the government was the key driver of the slowdown from the third quarter's 4.4 per cent growth pace

RBI speeds up cross-border inflows with faster customer credits

Banks need to put in place a straight-through process for crediting the inward payments to individual accounts

US jobless claims rise slightly, labour market remains resilient

The labor market has been stuck in what economists call a "low-hire, low-fire" state which they blamed on uncertainty stemming from Trump's import tariffs and mass deportations

Rupee falls 0.1% as West Asia truce pushes oil higher, dents stocks, bonds

Rupee slips to 92.65 per dollar as oil prices jump on Middle East tensions, dragging equities and bonds while foreign outflows and weak sentiment add pressure

Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline

The measures were aimed specifically at curbing arbitrage trades between the onshore market and the non-deliverable forward (NDF) market, per bankers

India's new steel policy targets 25% emissions cut, 400 MT output by 2035

The new emissions reduction target has not been previously reported

Israeli military says it has killed nephew of Hezbollah chief Naim Qassem

Israel struck Beirut's southern suburbs just before midnight and at dawn, and hit towns across the south on Thursday morning, Lebanese state media said

Domestic fuel retailers buy discounted diesel to avoid price hikes

The new ​pricing formula is based ‌on ​India's ‌crude import price

India's projected 6.6% growth in FY27 skewed to downside: World Bank

Retail inflation is projected at ​4.9% for the current fiscal year ‌reflecting higher food and ​energy prices ‌and exchange depreciation pressure

BofA sees opportunity in battered bank stocks, flags IT underperformance

Nifty Bank index has fallen 8 per cent since the start of the Iran war at the end of February, underperforming the benchmark Nifty 50, which is down 4.7 per cent over the same period