BENGALURU, Feb 1 (Reuters) – Indian shares jumped more than 3% on Monday as Finance Minister Nirmala Sitharaman announced a slew of measures to revive the pandemic-hit economy, while bond yields rose after the government warned that fiscal deficit for 2020/2021 will be wider than expected. Sitharaman proposed doubling healthcare spending, a vehicle scrappage policy, recapitalisation of public-sector banks and […]
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FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo(Reuters) – Oil prices could rise to $65 a barrel by July amid a tight oil market and slow rebound in demand, Goldman Sachs said. The bank said in a note on Sunday data […]
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TOKYO (Reuters) – Japan is expected to extend a state of emergency on Tuesday to fight the spread of COVID-19 for Tokyo and other areas, three sources with knowledge of the legal procedures said on Monday.FILE PHOTO: People wearing face masks due to the coronavirus disease (COVID-19) outbreak walk in Nagoya, Japan January 13, 2021. Kyodo via REUTERS The government […]
Read moreBENGALURU, Feb 1 (Reuters) – Indian shares rose on Monday ahead of the federal budget where Finance Minister Nirmala Sitharaman is expected to unveil several measures to bolster the economy following the impact of the COVID-19 pandemic. The ruling party of Asia’s third-largest economy has promised a game-changing budget to revive the virus-hit economy, with Sitharaman likely to increase spending […]
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South African stocks have made their best start to the year since 2012, even after last-week’s pull-back, and JPMorgan Chase & Co. and Bank of America are among those predicting further gains. A global appetite for riskier assets has propelled emerging market inflows and the Johannesburg exchange is set to benefit from its heavy weighting in mining stocks as China’s […]
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In this article Investors in India’s $950 billion sovereign bond market are on tenterhooks this week as they await another huge borrowing plan from the government and central bank guidance on measures to support the market. Consensus is for bond sales to remain elevated in the fiscal year starting April when Prime Minister Narendra Modi’s administration outlines its budget later […]
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FILE PHOTO: Ingots of 99.99 percent pure silver are seen at the Krastsvetmet non-ferrous metals plant, one of the world’s largest producers in the precious metals industry, in the Siberian city of Krasnoyarsk, Russia November 22, 2018. REUTERS/Ilya NaymushinSINGAPORE (Reuters) – Silver prices leapt to a five-month high on Monday and small silver miners listed in Australia surged after social […]
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(Reuters) -Myanmar’s leader Aung San Suu Kyi and other senior figures from the ruling party have been detained in an early morning raid, the spokesman for the governing National League for Democracy (NLD) said on Monday.FILE PHOTO: Myanmar State Counsellor and Foreign Minister Aung San Suu Kyi leaves after paying her respects to her late father during a ceremony to […]
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FILE PHOTO: Trading information for GameStop is displayed on the Robinhood App as another screen displays the Robinhood logo in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/Illustration/File Photo(Reuters) – Online brokerage Robinhood narrowed trading limitations to eight companies from 50 on Sunday, according to an update on its blog. Companies that are still face limitations include GameStop Corp, AMC […]
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