NEW DELHI, Sept 30 (Reuters) - State police have arrested two constables in northern India over the fatal shooting of an Apple employee in an incident during a routine patrol on Saturday.Vivek Tiwari, a sales manager for Apple AAPL.O , was shot dead early on Saturday by a police constable in the Gomti Nagar neighbourhood in Uttar Pradesh state, about 13 km (8 miles) from state capital Lucknow.The...Read More
(Repeats story from Sept. 28 for wider readership with no change to text)* Refiners brace for plunge in HSFO demand, diesel boom in 2020* Some to stay flexible as HSFO demand may rebound on scrubbers* Fuel upgrade projects take time, require govt approval and money* Refiners may process more low-sulphur crudeBy Florence Tan, Osamu Tsukimori and Julia PayneSINGAPORE/TOKYO/LONDON, Sept 28 (Reuters)...Read More
(Repeats Friday's story without changes to text)* Emerging market make up almost all oil demand growth* Currency risk, high crude price to cut 100,000 bpd in oil demand* Brent crude in different currencies: https://tmsnrt.rs/2N67zl9By Jessica Jaganathan and Florence TanSINGAPORE, Oct 1 (Reuters) - Asia's emerging markets, the key driver for global oil demand growth, are being hit hard by soaring c...Read More
* Brent crude above $83 ahead of November Iran sanctions* Stagnant U.S. rig count supports U.S. crude prices* High prices, trade disputes threaten demand growth* Brent crude in different currencies: https://tmsnrt.rs/2N67zl9By Henning GloysteinSINGAPORE, Oct 1 (Reuters) - Oil prices opened firmly on Monday, with Brent hovering close its highest in nearly four years ahead of U.S. sanctions against...Read More
By Promit MukherjeeMUMBAI, Sept 30 (Reuters) - India's troubled Infrastructure Leasing and Financial Services Ltd (IL&FS), whose recent defaults have roiled Indian markets, said on Sunday its shareholders have approved a plan allowing it to raise fresh funds through debt and equity issuances.The shareholder approval gives the privately-held Indian infrastructure financing and construction firm...Read More
Gold, base metals downCapital marketsOn the first page of a business that only started trading a few days ago are a series of items for sale such as white Solitaire diamond studs weighing a total of half-a-carat for US$600, or pi...Read More
PolarX points to upsideSPONSOREDpolarx ltd "This agreement is a significant step towards the sale of our interest in Grasberg and provides further evidence of our commitment to strengthening the portfolio by selling non-core assets and driving higher returns across the business," Rio CEO J-S Jacques said."We will continue to shape the portfolio, maintain a strong balance sheet and allocate capita...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but exponentential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but exponentential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but exponentential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In...Read More
Peru's Minister of Energy and Mines, Francisco ??smodes, said this week that his office expects mining investments to reach $58 billion in coming years.In an interview with the state-run newspaper El Peruano, ??smodes said that the goal for the next three years is to get at least 36% of that capital actually invested.The minister also said that the Mart?-n Vizcarra administration expects Peru's sh...Read More
Sept 29 (Reuters) - India's Care Ratings says:* Downgraded debt instruments, borrowings of IL&FS Transportation Networks Ltd (NS:ILFT) to junk* Total downgraded value of debt instruments of ITNL is 55.52 billion rupees Read More
(Adds details from board meeting, voting results at AGM)By Promit MukherjeeMUMBAI, Sept 29 (Reuters) - India's Infrastructure Financing and Leasing Services Ltd (IL&FS) ILFS.UL said on Saturday it will develop a "comprehensive" restructuring plan for the group to pay its liabilities, as it scrambles to cut its debt pile following a series of defaults and credit downgrades in recent w...Read More
By Promit MukherjeeMUMBAI, Sept 29 (Reuters) - India's Infrastructure Financing and Leasing Services Ltd (IL&FS) ILFS.UL said on Saturday it plans to seek funding from lenders to meet its credit obligations, as it scrambles to cut its debt pile following a series of defaults and credit downgrades in recent weeks.A series of defaults at IL&FS, a major infrastructure financing and constructi...Read More
Sept 28 (Reuters) - Shares of India's Yes Bank Ltd YESB.NS plunged nearly 10 percent on Friday to a 29-month low, as the lender's management crisis caused by the central bank curtailing its top executive's tenure dragged on.The bank said earlier this week that it would seek the Reserve Bank of India's (RBI) approval to extend CEO Rana Kapoor's term beyond January as it needs more time to identif...Read More
Investing.com - Here are the top five things you need to know in financial markets on Friday, September 28:1. Tesla (NASDAQ:TSLA) CEO Gets Sued by the U.S. Securities and Exchange CommissionShares of luxury car maker Tesla are likely to be under pressure in trading on Friday, as the stock plunged 10.64% in premarket trading on news that CEO Elon Musk is being sued.The U.S. Securities and Exchange...Read More
* U.S. sanctions on Tehran limiting Iranian crude supply* Sinopec halves Iran oil loadings under U.S. pressure -sources* Saudi Arabia will pump more to fill deficit, sources say* U.S. oil drillers add fewest rigs in quarter since 2017(Adds CFTC data in paragraph 6)By Stephanie KellyNEW YORK, Sept 28 (Reuters) - Oil prices rose more than 1 percent on Friday, with Brent climbing to a four-year high,...Read More
* Mining firms have criticised about high operating costs* Protesters complain about graft as budget announced* Western donors worried about debt, transparency (Adds analyst comments)By Chris MfulaLUSAKA, Sept 28 (Reuters) - Zambia will introduce new mining duties and increase royalties to help bring down mounting debt, the finance minister said on Friday, a move likely to draw opposition from min...Read More
(Corrects percentages of sliding scale for royalties in 9th paragraph)* Western donors worried about debt, transparency* Zambia hikes mining taxes to tackle high borrowing* As budget announced, protesters complain about graftBy Chris MfulaLUSAKA, Sept 28 (Reuters) - Zambia will introduce new mining duties and increase royalties to help bring down mounting debt, the finance minister said in a budge...Read More
Investing.com - Gold prices were slightly higher on Friday, but still remained near a six-week low as the greenback continued to rally from the Federal Reserve’s interest rate hike and strong economic data.Comex gold futures for December delivery inched up 0.20% to $1,189.80 a troy ounce as of 9:22 AM ET (13:22 GMT), on track for a 1.7% loss for September.Gold suffered after the Fed increase...Read More