UPDATE 1-Pakistani rupee gains 6.1% vsย U.S.ย dollar in interbank market in September Changes first paragraph and gives context KARACHI, Pakistan, Sept 28 (Reuters) - Pakistan's rupee PKR=PK gained 6.1% in September following a clamp down on illegal foreign exchange trade in grey and black markets by security agencies. The campaign against the informal market resulted in tens of millions of dollars pouring back into Pakistan's interbank and open markets, dealers said, following raids on black ma
UPDATE 1-Some Japan buyers agree to pay Q4 aluminium premium of $97/T -sources Adds quotes and details in paragraphs 4-10 By Yuka Obayashi TOKYO, Sept 28 (Reuters) - Some Japanese aluminium buyers have agreed to pay global producers a premium of $97 per metric ton over the benchmark price for shipments in October-December, down 24% from the prior quarter , four sources directly involved in the pricing talks said.
BUZZ-GameStop gains on appointment of billionaire Ryan Cohen as CEO ** Shares of videogame retailer GameStop GME.N rise 9.9% to $18.79 premarket ** GME appoints billionaire activist investor Ryan Cohen as CEO and chairman ** Cohen will relinquish the title of executive chairman ** GME had ousted former CEO Matt Furlong in June ** Up to last close,
Italyโs debt risk premium hits 6-month high; focus on growth, EU fiscal rules By Stefano Rebaudo Sept 28 (Reuters) - Italy's sovereign debt risk premium briefly hit its highest level in over six months on Thursday as investors repositioned for lower growth and a higher public deficit, and shifted their focus to negotiations for European Union fiscal rules.
Asia Distillates-Cash premiums at 8-month high on tight supply forecast SINGAPORE, Sept 28 (Reuters) - Asia's 10 ppm sulphur gasoil spot cash premiums rose on Thursday, as markets remained upbeat on tight supply forecasts going into the fourth quarter with the Russian ban in place and uncertainty on China export availability. This was against a backdrop of a rebound in ICE gasoil futures towards the market's close after news of a prolonged Russian ban on low-sulphur diesel emerged.
Nearby Brent crude spread hits 2023 high on tight supply By Natalie Grover and Alex Lawler LONDON, Sept 28 (Reuters) - The spread between the front and second month contract for global oil benchmark Brent has widened to its highest this year, in another strong indicator of a supply deficit fuelled by protracted voluntary cuts from OPEC+. Brent, which is used to price more than three-quarters of the world's traded oil, has been rising since late June, as leading producer Saudi Arabia spearheaded
INDIA STOCKS-Indian shares close at four-week low amid global risk-off sentiment By Sethuraman N R BENGALURU, Sept 28 (Reuters) - Indian shares closed at nearly a four-week low on Thursday, pressured by losses in information technology and consumer stocks as the global markets extended weakness on worries over higher interest rates and crude prices. The Nifty 50 .NSEI closed down 0.98% at 19,523.55 points, lowest close since Sept.
BNP Paribas upbeat on India bonds after JPMorgan inclusion, sees 10-year rally By Dharamraj Dhutia MUMBAI, Sept 28 (Reuters) - The recent addition of Indian government bonds to JPMorgan's emerging market bond indexes has prompted BNP Paribas Asset Management to turn "more positive" on these securities, expecting inflows of around $20 billion in domestic bonds in the next two years, an official from the fund said on Thursday.
LIVE MARKETS-Three key themes for Q4 2023 - Fidelity STOXX 600 down 0.1% Oil stocks rise, tracking firmer crude Travel & leisure names struggle German inflation seen easing Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com THREE KEY THEMES FOR Q4 2023 - FIDELITY (1018 GMT) Asset manager Fidelity International has picked out its top three themes for the final quarter of 2023; diverg
BRIEF-Fanduel Group Says Launches Mobile Sports Betting In Kentucky Sept 28 (Reuters) - FANDUEL GROUP: FANDUEL GROUP - LAUNCHES MOBILE SPORTS BETTING IN KENTUCKY Source text for Eikon: [ID:] Further company coverage: FLTRF.L
Macquarie says considering $775 mln possible offer for UK firm Renewi Sept 28 (Reuters) - Asset manager Macquarie said on Thursday it is considering a possible cash offer for London-listed Renewi RWI.L , which would value the waste management firm at 636 million pounds (about $775 million). Macquarie's proposal of 775 pence per Renewi share made on Sept.
INDIA RUPEE-India rupee ends slightly higher as likely RBI help counters oil, US yield pressure By Jaspreet Kalra MUMBAI, Sept 28 (Reuters) - The Indian rupee rose marginally on Thursday, unscathed by the jump in crude oil prices and higher U.S. Treasury yields, as the Reserve Bank of India likely sold dollars to aid the local unit. The rupee INR=IN closed at 83.1850 against the U.S.
BUZZ-Bionomics rises as PTSD drug succeeds in mid-stage study ** U.S.-listed shares of Australia-based Bionomics Ltd BNOX.O rise 26.9% to $1.23 premarket ** Co says its experimental drug to treat post-traumatic stress disorder (PTSD) helped reduce severity of symptoms in a mid-stage study ** The drug candidate, BNC210, also showed improvements in d
Russia to cut state borrowing plan by 1 trln rbls in 2023 - FinMin MOSCOW, Sept 28 (Reuters) - Russia has decided to cut its state borrowing plan by 1 trillion roubles in 2023, Finance Minister Anton Siluanov said on Thursday. "We have consulted within the Finance Ministry, in the government, and decided to limit the borrowing plan this year, probably by 1 trillion rubles to reduce the programme," Siluanov said.
Kremlin: no plans to raise crude oil supply to compensate for fuel export ban MOSCOW, Sept 28 (Reuters) - Russia has not discussed with the OPEC+ group of leading oil producers a possible crude oil supply increase to compensate for Russia's fuel exports ban, the Kremlin said on Thursday. Kremlin spokesman Dmitry Peskov said that Russia was sticking to its agreements with OPEC+, which is reducing the supply of oil to prop up energy markets.
Russia closely monitoring humanitarian situation in Karabakh - Kremlin MOSCOW, Sept 28 (Reuters) - The Kremlin said on Thursday it was closely following the humanitarian situation in Nagorno-Karabakh, the region of Azerbaijan from where nearly 70,000 ethnic Armenians have fled in recent days following an Azerbaijani military offensive. Kremlin spokesman Dmitry Peskov also told a regular news briefing that Russian peacekeepers were providing assistance to residents in the region.
Pakistan rupee closes up 0.3% in interbank market to 287.8 vsย U.S.ย dollar KARACHI, Pakistan, Sept 28 (Reuters) - Pakistan rupee PKR=PK closed 0.3% up in interbank market to 287.8 against US Dollar on Thursday. The rupee gained 6.1% versus the dollar in September. Reporting by Ariba Shahid in Karachi. Editing by Jane Merriman
South Africa's SPAR to sell loss-making Polish business JOHANNESBURG, Sept 28 (Reuters) - SPAR Group SPPJ.J plans to sell its loss-making business in Poland, the South African grocery retailer and wholesaler said on Thursday, as it reported a 10.6% rise in turnover for the first 47 weeks of its financial year. At 1000 GMT, shares in SPAR, which also operates in Switzerland and parts of the United Kingdom, were up 9.8% at 111.59 rand.
BRIEF-Norway grants permit for startup of Equinor's Breidablikk oilfield Sept 28 (Reuters) - NORWEGIAN PETROLEUM DIRECTORATE (NPD): HAS GRANTED CONSENT FOR START-UP OF BREIDABLIKK FIELD IN NORTH SEA. PRODUCTION IS EXPECTED TO START IN OCTOBER EQUINOR IS THE OPERATOR, WHILE VAAR, CONOCOPHILLIPS AND PETORO ARE LICENSEES Source text for Eikon: https:/
BRIEF-Pidilite Industries Unit To Invest 200 Mln Rupees In Imagimake Play Solutions Sept 28 (Reuters) - Pidilite Industries Ltd PIDI.NS : PIDILITE INDUSTRIES LTD - PIDILITE VENTURES AGREED TO MAKE AN INVESTMENT OF 200 MILLION RUPEES IN IMAGIMAKE PLAY SOLUTIONS PIDILITE INDUSTRIES LTD - INVESTMENT DONE BY SUBSCRIBING TO COMPULSORILY CONVERTIBLE PREF
