Latest news from Sify.com - Politics feed

Latest news from Sify.com - Politics feed

  1. Gold hits one-month high, geopolitical tensions support

    05.30 / 05:07 sify.com Sify.com - Politics
    By Nithin ThomasPrasad REUTERS - Gold edged up to touch a one-month high on Tuesday, with investors turning to the safe-haven asset as geopolitical tensions sapped their appetite for risk. Spot gold had risen 0.1 percent to $1,267.70 per ounce by 0349 GMT. It earlier touched its strongest since May 1 at $1,270.47. U.S. gold futures were almost unchanged at $1,267.70 an ounce. Risk surrounding the closeness of Britain's upcoming elections, the prospect of early elections in Italy and…
  2. REFILE-WRAPUP 1-Cyclone brings destruction to Myanmar refugee camps in Bangladesh

    05.30 / 05:07 sify.com Sify.com - Politics
    (Refiles to add fix headline tag) By Nurul Islam COX'S BAZAR, Bangladesh, May 30 (Reuters) - Bangladesh hasevacuated at least 350,000 people as a cyclone lashed coastalareas on Tuesday, officials said, causing havoc in refugee campsset up for Rohingya Muslims who have fled violence inneighbouring Myanmar. Cyclone Mora struck the island of Saint Martin and Teknaf inthe coastal district of Cox’s Bazar, where some 200,000 peoplewere evacuated to shelters. In Chittagong district, a…
  3. PRECIOUS-Gold hits 1-mth high, geopolitical tensions support

    05.30 / 05:07 sify.com Sify.com - Politics
    * Political uncertainty in Europe stokes safe-haven buying * Spot gold, silver touch one-month peaks * Spot gold may rise to $1,276 per ounce -technicals (Adds comment, updates prices) By Nithin ThomasPrasad May 30 (Reuters) - Gold edged up to touch a one-month highon Tuesday, with investors turning to the safe-haven asset asgeopolitical tensions sapped their appetite for risk. Spot gold had risen 0.1 percent to $1,267.70 perounce by 0349 GMT. It earlier touched its…
  4. WRAPUP-Cyclone brings destruction to Myanmar refugee camps in Bangladesh

    05.30 / 04:32 sify.com Sify.com - Politics
    By Nurul Islam COX'S BAZAR, Bangladesh, May 30 (Reuters) - Bangladesh hasevacuated at least 350,000 people as a cyclone lashed coastalareas on Tuesday, officials said, causing havoc in refugee campsset up for Rohingya Muslims who have fled violence inneighbouring Myanmar. Cyclone Mora struck the islands of Saint Martin and Teknafin the coastal district of Cox’s Bazar, where some 200,000people were evacuated to shelters. In Chittagong district, about150,000 people were evacuated. The i…
  5. Gold firm near one-month highs as geopolitical concerns support

    05.30 / 03:59 sify.com Sify.com - Politics
    REUTERS - Gold held steady early on Tuesday as easing Asian stock markets and geopolitical concerns helped the yellow metal hover close to one-month peaks. FUNDAMENTALS * Spot gold rose 0.1 percent to $1,268.36 per ounce at 0105 GMT. * U.S. gold futures were flat at $1,267.80 an ounce * The euro came under pressure on Tuesday after a media report that Greece may forego its next bailout payment if creditors cannot strike a debt relief deal, while Asian stocks were shackled…
  6. Venezuela opposition accuses Goldman Sachs of financing dictatorship

    05.30 / 03:24 sify.com Sify.com - Politics
    CARACAS (Reuters) - The president of Venezuela's opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of "aiding and abetting the country's dictatorial regime" following a report that it had bought $2.8 billion in bonds from the cash-strapped country. The Wall Street Journal on Sunday said Goldman paid 31 cents on the dollar for bonds issued by state oil company PDVSA that mature in 2022, or around $865 million, citing five people familiar with the…
  7. UP minister inaugurates beer bar, CM Yogi seeks explanation

    05.30 / 03:24 sify.com Sify.com - Politics
    (Image tweeted by @ANINewsUP)Lucknow: Uttar Pradesh Chief Minister Yogi Adityanath on Monday evening sought an explanation from a woman minister in his government after her pictures inaugurating a beer bar in the state capital went viral in the social media.Pictures show Minister of State for Women Welfare Swati Singh -- accompanied by two senior IPS officers Gaurav Pandey (SSP, Rae Bareli) and his wife Neha Pandey (SP, Unnao) -- inaugurating the beer bar by the name of 'Be the Beer' in…
  8. PRECIOUS-Gold firm near one-month highs as geopolitical concerns support

    05.30 / 02:13 sify.com Sify.com - Politics
    May 30 (Reuters) - Gold held steady early on Tuesday aseasing Asian stock markets and geopolitical concerns helped theyellow metal hover close to one-month peaks. FUNDAMENTALS * Spot gold rose 0.1 percent to $1,268.36 per ounce at 0105 GMT. * U.S. gold futures were flat at $1,267.80 an ounce * The euro came under pressure on Tuesday after a mediareport that Greece may forego its next bailout payment ifcreditors cannot strike a debt relief deal, while…
  9. ECB stimulus appropriate, legitimate to think of exit: Weidmann

    05.29 / 18:26 sify.com Sify.com - Politics
    FRANKFURT (Reuters) - The European Central Bank's utra-loose monetary policy is "still appropriate in principle" but it is legitimate to discuss the timing of an exit as inflation recovers, Jens Weidmann, Germany's representative on the ECB's Governing Council, said on Monday. "Given the dampened price pressure, an expansive monetary policy is still appropriate in principle," Weidmann, who heads Germany's powerfull Bundesbank and has been the most outspoken critic of the ECB's policy in…
  10. Global Markets - Italian banks sink on early election worries

    05.29 / 17:01 sify.com Sify.com - Politics
    By Patrick Graham and Danilo Masoni LONDON (Reuters) - Concern over Italy's banks and Britain's national election dominated holiday-thinned European financial markets on Monday, pushing stock markets lower after Asian share indices fell back off two-year highs. Sterling, hammered by a slump for Prime Minister Theresa May's Conservatives in opinion polls last week, recovered after weekend polls confirmed the trend but showed her still on course to win next week's vote. European share…
  11. Draghi says ECB stimulus still needed despite better growth

    05.29 / 15:45 sify.com Sify.com - Politics
    FRANKFURT (Reuters) - Euro zone growth may be improving but inflation remains subdued and still requires substantial stimulus, European Central Bank President Mario Draghi said on Monday, tempering expectations for the bank's June 8 policy meeting. With euro zone growth on its best run since the bloc's crisis a decade ago, pressure from more conservative countries has been mounting on Draghi to start planning an exit from its policy of aggressive bond purchases and sub-zero rates, setting…
  12. Nepal eyes fastest economic growth rate in 23 years

    05.29 / 15:10 sify.com Sify.com - Politics
    By Gopal Sharma KATHMANDU (Reuters) - Nepal said on Monday its economic growth for the fiscal year ending in mid-July was projected to be the highest in 23 years on the back of improved power supplies, agricultural production and higher spending on reconstruction work after earthquakes. Finance Minister Krishna Bahadur Mahara said the economy would grow by 6.9 percent in the year to July 15, the highest since 1993/94 - also because of the increased capital investment following the end of…
  13. Higher women's share in labour force to lift India growth rate: World Bank

    05.29 / 15:10 sify.com Sify.com - Politics
    By Manoj Kumar NEW DELHI (Reuters) - India's economy could achieve double-digit growth if New Delhi pushes reforms to increase women's participation in the country's workforce, a World Bank report said on Monday. Such reforms would boost household earnings and reduce poverty, besides creating better health and education conditions for the women's children, it said. Asia's third-largest economy has been growing at around 7 percent for the past three years. Policy makers aspire to copy…
  14. Italian banks sink on early election worries

    05.29 / 15:10 sify.com Sify.com - Politics
    By Patrick Graham and Danilo Masoni LONDON (Reuters) - Concern over Italy's banks and Britain's national election dominated holiday-thinned European financial markets on Monday, from back off two-year highs. Sterling, hammered by a slump for Prime Minister Theresa May's Conservatives in opinion polls last week, recovered after weekend polls confirmed the trend but showed her still on course to win next week's vote. European share prices were lower overall, but Italian banks and blue…
  15. Gold holds near 1-month peak as dollar, stock markets soften

    05.29 / 14:33 sify.com Sify.com - Politics
    By Jan Harvey LONDON (Reuters) - Gold held near its highest in a month on Monday in holiday-thinned trade, with a softer dollar and a retreat in stock markets helping the metal cling on to the previous session's gains. Gold hit its highest since May 1 on Friday at $1,269.50 an ounce, as nervousness over U.S. President Donald Trump's negotiations with other world leaders at the G7 summit prompted investors to buy bullion as an alternative to nominally higher-risk assets such as shares. …
  16. WRAPUP 4-Bangladesh raises highest danger warning as cyclone takes aim

    05.29 / 13:26 sify.com Sify.com - Politics
    * Sri Lanka sees worst disaster from torrential rains since2003 * Bangladesh still recovering from flash floods in April * Storm likely to hit Bangladesh coast Tuesday morning By Ruma Paul and Dinuka Liyanawatte DHAKA/AGALAWATTE, Sri Lanka/ May 29 (Reuters) - Bangladeshraised its storm danger signal to the highest level of 10 onMonday as a severe and intensifying cyclone churned towards itslow-lying coast and was expected to make landfall in the earlyhours of Tuesday. Impoverished…
  17. EU needs simple capital rules for euro zone banking union - Villeroy

    05.29 / 12:52 sify.com Sify.com - Politics
    PARIS (Reuters) - The European Union needs to set simple rules on bank capital to complete its project of bringing banks in the euro zone under a sole EU supervisor, ECB Governing Board member Francois Villeroy de Galhau said on Monday. Speaking in his role as head of the ACPR French financial sector regulator, Villeroy said the EU also needed better coordination between the European Central Bank's single supervisor, the European Commission and national regulators. "Two and a half years…
  18. WRAPUP 3-Cyclone churns towards Bangladesh as storm toll reaches at least 201 in Sri Lanka, India

    05.29 / 12:52 sify.com Sify.com - Politics
    (Raises death toll, paragraphs 1 and 4; adds Bangladeshcomment, paragraphs 14-15) * Sri Lanka sees worst disaster from torrential rains since2003 * Bangladesh still recovering from flash floods in April * Storm likely to hit Bangladesh coast Tuesday morning By Ruma Paul and Dinuka Liyanawatte DHAKA/AGALAWATTE, Sri Lanka/ May 29 (Reuters) - A severe andintensifying cyclone churned north towards Bangladesh on Mondayafter heavy rain in Sri Lanka and thunderstorms in eastern Indiakilled…
  19. BRIEF-India's Reliance Comm exec says to repay 250 billion rupees to lenders by end Sept

    05.29 / 12:17 sify.com Sify.com - Politics
    May 29 (Reuters) - India's Reliance Communications * March quarter earnings conference call begins * Exec says free offers and disruptive pricing from RelianceJio have hurt all Indian telecom sector players including Rcom * Exec says sector urgently needs intervention fromregulators to address situation * Exec says sector liability of 7.5 trln rupees will beunsustainable * Exec says remedial policy action and a financing packageare critically needed by the sector * Exec says to…
  20. Cattle trade ban to halt beef exports, lead to job losses

    05.29 / 11:41 sify.com Sify.com - Politics
    By Mayank Bhardwaj NEW DELHI (Reuters) - The Indian government's ban on the trade of cattle for slaughter threatens $4 billion in annual beef exports and millions of jobs if the government does not revoke the stoppage decreed last week, according to two industry officials. In the latest setback to the Muslim-dominated meat industry, Prime Minister Narendra Modi's government decreed animal markets will only be able to trade cattle for agricultural purposes such as ploughing and dairy…