Latest news from Sify.com - Politics feed

Latest news from Sify.com - Politics feed

  1. Asia Gold-Higher prices keep buyers at bay

    02.24 / 10:27 sify.com Sify.com - Politics
    * Indian prices back to premium * Chinese premiums quoted at $7-$8 * Buyers hesitate to chase higher prices By Rajendra Jadhav and Sethuraman N R MUMBAI/BENGALURU, Feb 24 (Reuters) - Gold demand in Asiaremained sluggish this week as a price rally on politicalconcerns and dollar weakness kept buyers on the sidelines. The yellow metal has gained 1.6 percent this week, hittingits highest in about 3-1/2-months on Friday, as the dollarsoftened and uncertainties surrounding U.S. President…
  2. RBS posts ninth straight annual loss on "sins of the past"

    02.24 / 09:51 sify.com Sify.com - Politics
    By Andrew MacAskill and Lawrence White LONDON (Reuters) - Royal Bank of Scotland reported a sharp rise in losses on Friday as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world's biggest bank rescue. RBS, which has not made an annual profit since 2007, booked 6.96 billion pounds ($8.74 billion) of losses for 2016, against a 1.98 billion pound loss in the same period a year earlier. Once, albeit…
  3. India's wind power tariffs hit new low in push for renewables

    02.24 / 09:51 sify.com Sify.com - Politics
    By Sudarshan Varadhan NEW DELHI, Feb 24 (Reuters) - Indian wind power tariffs fellto a record low in a government-run auction on Friday, weeksafter solar power rates too hit an all-time low, in one of theworld's biggest clean energy programmes aimed at cutting chronicelectricity shortages. India, the world's third-biggest greenhouse gas emitter, hasset a target of raising its renewable energy generation to 175gigawatt by 2022, around five times current usage, to supplypower to its 1.3…
  4. PRECIOUS-Gold climbs to 3-1/2 month high amid political worries

    02.24 / 09:12 sify.com Sify.com - Politics
    * Spot gold may gain more to $1,278/oz - techs * Silver on track for ninth straight weekly gain (Adds details, quotes) By Arpan Varghese Feb 24 (Reuters) - Gold hit its highest in about3-1/2-months on Friday, on a weaker dollar and as uncertaintiessurrounding U.S. President Donald Trump's policies and electionsin Europe fueled safe-haven demand. Spot gold was up 0.4 percent at $1,254.10 per ounceat 0809 GMT, after touching its highest since Nov. 11 at$1,254.31 earlier in…
  5. RBS posts $8.7 billion loss in ninth straight year without a profit

    02.24 / 08:35 sify.com Sify.com - Politics
    By Andrew MacAskill and Lawrence White LONDON (Reuters) - Royal Bank of Scotland reported a sharp rise in losses on Friday as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world's biggest bank rescue. RBS, which has not made an annual profit since 2007, booked 6.96 billion pounds ($8.74 billion) of losses for 2016, against a 1.98 billion pound loss in the same period a year earlier. Once,…
  6. UPDATE 1-Kansas man charged in shooting of two Indians in possible hate crime

    02.24 / 08:35 sify.com Sify.com - Politics
    (Updates with detail of arrest, paragraphs 17-19) Feb 24 (Reuters) - A Kansas man was charged on Thursday withfatally shooting an Indian man and wounding another Indian manand an American in a bar, as federal authorities investigatedthe incident as a possible hate crime. Adam Purinton, 51, was charged in Johnson County, Kansaswith one count of premeditated first degree murder and twocounts of attempted premeditated first degree murder, JohnsonCounty District Attorney Stephen Howe told a…
  7. Kansas man charged in shooting of two Indians in possible hate crime

    02.24 / 07:56 sify.com Sify.com - Politics
    Feb 23 (Reuters) - A Kansas man was charged on Thursday withfatally shooting an Indian man and wounding another Indian manand an American in a bar, as federal authorities investigatedthe incident as a possible hate crime. Adam Purinton, 51, was charged in Johnson County, Kansaswith one count of premeditated first degree murder and twocounts of attempted premeditated first degree murder, JohnsonCounty District Attorney Stephen Howe told a news conference. Purinton is accused of shooting…
  8. Exclusive - Trump calls Chinese 'grand champions' of currency manipulation

    02.24 / 07:56 sify.com Sify.com - Politics
    By Steve Holland and David Lawder WASHINGTON (Reuters) - President Donald Trump declared China the "grand champions" of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analysing Beijing's foreign exchange practices. In an exclusive interview with Reuters, Trump said he has not "held back" in his assessment that China manipulates its yuan currency, despite not acting on a campaign promise to declare it a currency…
  9. AIG sees uncertainty in 'too-big-to-fail' label for insurers-filing

    02.24 / 05:18 sify.com Sify.com - Politics
    Insurance giant American International Group sees "considerable uncertainty" about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent change in White House administrations, according to a filing. The "appropriateness and federal regulation" of non-bank too-big-to-fail institutions may also be questioned, AIG wrote in its 2016 annual filing. AIG is among a small number of insurers deemed by the U.S. government as being systemically…
  10. PRECIOUS-Gold steady near 3-1/2 month highs, focus on Trump economic policy

    02.24 / 01:49 sify.com Sify.com - Politics
    Feb 24 (Reuters) - Gold prices held steady on Friday near3-1/2-month highs hit in the previous session following temperedexpectations of a U.S. rate hike in March, and as investorsawaited clarity on President Donald Trump's economic policy. FUNDAMENTALS * Spot gold inched down 0.1 percent to $1,248.21 perounce at 0054 GMT. The metal, which hit $1,251.14, the highestsince Nov. 11, in the previous session, is on track to end theweek up 1.1 percent. * U.S. gold…
  11. Exclusive - Trump says Republican border tax could boost U.S. jobs

    02.23 / 21:15 sify.com Sify.com - Politics
    WASHINGTON (Reuters) - President Donald Trump on Thursday spoke favourably about an export-boosting border adjustment tax proposal being pushed by Republicans in the U.S. Congress, but did not specifically endorse it. Trump had previously sent mixed signals on the proposal at the heart of a Republican plan to overhaul the U.S. tax code for the first time in more than 30 years. "It could lead to a lot more jobs in the United States," Trump told Reuters in an interview, using his most…
  12. Canadian pulse crop sales to India dry up over pest-control plan

    02.23 / 19:24 sify.com Sify.com - Politics
    By Rod Nickel and Rajendra Jadhav WINNIPEG, Manitoba/MUMBAI (Reuters) - Canadian exporters are slowing sales of peas and lentils to India, threatening C$1.1 billion ($762.95 million) in annual trade of the food staples, over risk that New Delhi may reject shipments under its tougher approach to pest control. India requires shippers to fumigate crops with methyl bromide, an insect-killing gas, in the country of origin, but has historically made an exception for Canada, the world's biggest…