Latest news from Sify.com - Politics feed

Latest news from Sify.com - Politics feed

  1. RPT-SPECIAL REPORT-Monsanto meets its match as Hindu nationalists assert power in India

    03.29 / 02:21 sify.com Sify.com - Politics
    (Repeats story first published late Tues, March 28. No changesto text.) By Mayank Bhardwaj, Rupam Jain and Tom Lasseter NEW DELHI, March 28 (Reuters) - Tens of millions of dollarswere within reach for M. Prabhakara Rao as he prepared in April2015 to take his Indian cotton seed company public. The Indian businessman already had $54 million in initialfunding from an American private equity investor. Rao had alsolocked in a long-term licensing agreement with Monsanto Co, the world's…
  2. PRECIOUS-Gold prices slip on solid U.S. data, firmer dollar

    03.29 / 02:21 sify.com Sify.com - Politics
    March 29 (Reuters) - Gold prices fell on Wednesday aspositive economic data from the United States backedexpectations of further interest rate hikes by the FederalReserve this year, prompting the dollar to bounce back frommulti-month lows. FUNDAMENTALS * Spot gold was down 0.2 percent at $1,248.60 perounce, as of 0119 GMT. U.S. gold futures slipped 0.6percent to $1,248.2. * The dollar pulled away from 4-1/2-month lows against acurrency basket on Wednesday…
  3. Gold falls below 1-month high as dollar, Treasury yields rise

    03.29 / 01:46 sify.com Sify.com - Politics
    By Marcy Nicholson and Pratima Desai NEW YORK/LONDON (Reuters) - Gold prices turned lower on Tuesday, after nearing the prior session's one-month high, as the U.S. dollar, Treasury yields and stock markets extended gains. Bullion was higher earlier on support from U.S. political and economic uncertainty and expectations of a lower dollar. Spot gold was down 0.3 percent at $1,249.56 an ounce by 2:34 p.m. EDT (1834 GMT), having touched its highest in a month at $1,261.03 on Monday.…
  4. Trump offers federal coal to industry awash in reserves

    03.28 / 22:31 sify.com Sify.com - Politics
    By Timothy Gardner and Richard Valdmanis WASHINGTON (Reuters) - U.S. President Donald Trump's administration has billed his move to reopen federal lands to new coal leases as a win for miners seeking to expand production. But a review of company filings shows that coal miners with the most to gain already have enough leases in hand to last well over a decade. Trump signed a decree on Tuesday to reverse former President Barack Obama's 2016 ban on new federal coal leases, part of a…
  5. Stocks rise, dollar rallies after strong U.S. data

    03.28 / 21:10 sify.com Sify.com - Politics
    By Rodrigo Campos NEW YORK (Reuters) - Wall Street followed gains in stocks globally on Tuesday after U.S. consumer confidence soared to a more than 16-year high, while the U.S. dollar bounced from a four-month low to post its best day in nearly a month. Yields on U.S. Treasury debt tracked stocks higher and crude oil rose after disruptions in Libya and as officials suggested an output reduction deal could be extended to the end of the year. On Wall Street, cyclical sectors led the…
  6. Exclusive - ECB replaces Brussels head, annuls four hires after rule breach

    03.28 / 19:17 sify.com Sify.com - Politics
    By Francesco Canepa FRANKFURT (Reuters) - The European Central Bank has replaced the head of its Brussels office and annulled four more appointments after staff complaints about unlawful hirings and promotions, internal documents seen by Reuters show. The documents show repeated violations of the ECB's own rules by its executive board, chaired by Mario Draghi, and come amid staff complaints of favouritism at one of Europe's most powerful institutions. The ECB is the bloc's top bank…
  7. U.S. consumer confidence hits 16-year high in boost to economy

    03.28 / 18:33 sify.com Sify.com - Politics
    By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at the start of the year. The economy's strengthening fundamentals were underscored by other data on Tuesday showing further increases in house prices in January. Robust consumer confidence and rising household wealth from…
  8. Trump applauds Ford's previous planned investment in Michigan plants

    03.28 / 17:49 sify.com Sify.com - Politics
    By Nick Carey and Susan Heavey DETROIT/WASHINGTON (Reuters) - Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. President Donald Trump touted a "major investment" by the automaker on Twitter. In January, Ford scrapped plans to build a $1.6 billion car factory in Mexico and instead added 700 jobs in Michigan following Trumps…
  9. U.S. consumer confidence hits 16-year high; house prices rise

    03.28 / 17:04 sify.com Sify.com - Politics
    By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, suggesting the economy was regaining momentum after faltering at the start of the year. The economy's strengthening fundamentals were underscored by other data on Tuesday showing further gains in house prices in January. Robust consumer confidence and rising household wealth from the…
  10. Global stocks up, dollar steady as markets await Fed speakers

    03.28 / 17:04 sify.com Sify.com - Politics
    By Saqib Iqbal Ahmed NEW YORK (Reuters) - Stocks recovered on Tuesday as investors chose to look beyond U.S. President Donald Trump's setback on healthcare reform and awaited comments from several Federal Reserve officials, including Fed Chair Janet Yellen. The dollar steadied as the promise of more rises in Federal Reserve interest rates this year helped it recover from multi-month lows hit on Monday, and U.S. Treasury debt prices inched lower after strong U.S. consumer confidence data.…
  11. Trump to offer federal coal to industry awash in reserves

    03.28 / 17:04 sify.com Sify.com - Politics
    By Timothy Gardner and Richard Valdmanis WASHINGTON (Reuters) - U.S. President Donald Trump's administration has billed his move to re-open federal lands to new coal leases as a win for miners seeking to expand production. But a review of company filings shows that coal miners with the most to gain already have enough leases in hand to last well over a decade. Trump will sign a decree on Tuesday to reverse former President Barack Obama's 2016 ban on new federal coal leases, part of a…
  12. Special Report: Monsanto meets its match as Hindu nationalists assert power in India

    03.28 / 15:02 sify.com Sify.com - Politics
    By Mayank Bhardwaj, Rupam Jain and Tom Lasseter NEW DELHI (Reuters) - Tens of millions of dollars were within reach for M. Prabhakara Rao as he prepared in April 2015 to take his Indian cotton seed company public. The Indian businessman already had $54 million in initial funding from an American private equity investor. Rao had also locked in a long-term licensing agreement with Monsanto Co, the world's largest seed company, for the technology used in genetically modified cotton seeds…
  13. Trump tweets, then Ford announces investment in three Michigan plants

    03.28 / 15:02 sify.com Sify.com - Politics
    By Nick Carey and Susan Heavey DETROIT/WASHINGTON (Reuters) - Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. President Donald Trump touted a "major investment" by the automaker on Twitter. In January, Ford scrapped plans to build a $1.6 billion car factory in Mexico and instead added 700 jobs in Michigan following Trumps…
  14. Banks try to calm staff nerves with staggered Brexit shift

    03.28 / 14:12 sify.com Sify.com - Politics
    By Anjuli Davies LONDON(Reuters) - Banks are treading carefully, enacting two-stage contingency plans, to avoid losing nervous London-based staff as they work out how many jobs will have to move to continental Europe as Britain exits the European Union. British Prime Minister Theresa May will trigger formal EU divorce proceedings on Wednesday, launching two years of negotiations that will shape the future of Britain and Europe as well as London's place as a global financial centre. The…
  15. U.S. goods trade deficit narrows in February; inventories rise

    03.28 / 14:12 sify.com Sify.com - Politics
    WASHINGTON (Reuters) - The U.S. goods trade deficit narrowed sharply in February, and inventories increased, which could prompt economists to raise their estimates for first-quarter gross domestic product. The Commerce Department said in its advance economic indicators report on Tuesday that the goods deficit fell 5.9 percent to $64.8 billion last month as a decline imports outpaced a drop in exports. The weakness in imports is in line with a recent moderation in consumer spending. The…
  16. UPDATE 1-Hardline Hindu priest a handful for Modi in heartland Indian state

    03.28 / 14:12 sify.com Sify.com - Politics
    * Rise of hardline Hindu priest shocks Indian establishment * Adityanath has spoken out against Muslims in the past * His tone more moderate during campaign and since promotion * Muslims in Uttar Pradesh state unnerved, lay low * Meat workers go on strike, say Muslims being targeted (Adds link to Reuters TV package) By Rupam Jain and Douglas Busvine GORAKHPUR, India/NEW DELHI, March 28 (Reuters) - SinceIndian Prime Minister Narendra Modi stunned the politicalestablishment by…
  17. Dollar steadies as markets look beyond Trump's policy stumble

    03.28 / 14:12 sify.com Sify.com - Politics
    By Vikram Subhedar LONDON (Reuters) - Stocks recovered while the dollar hovered above four-month lows on Tuesday as anxiety over Donald Trump's setback on healthcare reform gave way to tentative hopes for the U.S. president's planned stimulus policies. Hopes that the Trump administration will now prioritize tax reforms coupled with still-robust economic data and corporate earnings forecasts spurred some investors to look past creeping doubts about Trump’s ability to deliver on campaign p…
  18. SPECIAL REPORT-Monsanto meets its match as Hindu nationalists assert power in India

    03.28 / 12:34 sify.com Sify.com - Politics
    By Mayank Bhardwaj, Rupam Jain and Tom Lasseter NEW DELHI, March 28 (Reuters) - Tens of millions of dollarswere within reach for M. Prabhakara Rao as he prepared in April2015 to take his Indian cotton seed company public. The Indian businessman already had $54 million in initialfunding from an American private equity investor. Rao had alsolocked in a long-term licensing agreement with Monsanto Co, the world's largest seed company, for the technologyused in genetically modified cotton…
  19. EU top court upholds sanctions against Russia's Rosneft

    03.28 / 12:34 sify.com Sify.com - Politics
    By Julia Fioretti LUXEMBOURG (Reuters) - Europe's top court on Tuesday upheld European Union sanctions on Russia over the Ukraine conflict, including on its largest oil group Rosneft, in a ruling that asserts the court's jurisdiction over the bloc's foreign policy. The EU slapped sanctions on Russia after it annexed Crimea from Ukraine in 2014 and stepped them up as Moscow went on to support a separatist rebellion in Ukraine's industrial east. Rosneft's head, Igor Sechin, is a close…
  20. Qatar sees Brexit as chance to supply UK more gas - minister

    03.28 / 12:34 sify.com Sify.com - Politics
    By Tom Finn DOHA (Reuters) - Qatar sees Britain's exit from the European Union as an opportunity to boost supplies of liquefied natural gas to the world's fifth-largest economy and is open to investing in British energy assets, Qatar's energy minister said. The Gulf state has 40 billion pounds ($50 billion) of investments in Britain and delivers 90 percent of Britain's imports of liquefied natural gas. Qatar, the world's biggest exporter of LNG, pledged 5 billion pounds of investment…