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India aluminium producers draw costly power from grid, hurting utilities low on coal

By Sudarshan Varadhan CHENNAI, Oct 19 (Reuters) - India's aluminium producers are drawing expensive power from the national grid and adding to pressure on utilities with low coal stock, the Aluminium Association of India (AAI) told Reuters on Tuesday, as state-run Coal India COAL.NS has curbed supplies. A crippling shortage across the country has p

'Green is good' says UK's Johnson in bid to woo climate investment

By William James LONDON, Oct 18 (Reuters) - Britain announced nearly 10 billion pounds ($13.72 billion) of private investment in green projects on Tuesday, as Prime Minister Boris Johnson hosted an investment summit in London attended by 200 of the world's top financiers and executives. The summit marks post-Brexit Britain's biggest push to woo inv

Russian rouble firms past 71 vs dollar to 15-month high

MOSCOW, Oct 19 (Reuters) - The rouble firmed past 71 against the U.S. dollar on Tuesday, gaining strength along with other emerging market currencies, amid support from high oil prices and expectations of an imminent rate hike by the Bank of Russia. At 1006 GMT, the rouble was 0.6% stronger against the dollar at 70.88 RUBUTSTN=MCX after hitting 70.

Will Xi attend COP26? China says: await an announcement

LONDON, Oct 19 (Reuters) - China attaches great importance to tackling climate change but an announcement has yet to be made on whether or not President Xi Jinping will attend the COP26 summit, China's special climate envoy, Xie Zhenhua, said on Tuesday. Asked by Reuters if Xi would attend the COP26 conference in person, or by video call or not at

Will Xi attend COP26? China says: await an announcement

LONDON, Oct 19 (Reuters) - China attaches great importance to tackling climate change but an announcement has yet to be made on whether or not President Xi Jinping will attend the COP26 summit, China's special climate envoy, Xie Zhenhua, said on Tuesday. Asked by Reuters if Xi would attend the COP26 conference in person, or by video call or not at

China approves three coal projects in Gansu and Ningxia

BEIJING, Oct 19 (Reuters) - China's energy administration on Tuesday said it has approved three coalmining projects in Gansu province and Ningxia region, with total production capacity of 5.9 million tonnes per annum. Total investment is 6.37 billion yuan ($997.3 million), according to Reuters calculation based on the statement issued by the Nation

Indonesia keeps rates at record lows amid tentative recovery

* BI keeps policy rate at 3.50% * Improved consumption, robust exports helping the recovery- BI * Domestic demand remains "far below" potential output - governor * Central bank expects narrower current account deficit in 2021 By Fransiska Nangoy and Bernadette Christina JAKARTA, Oct 19 (Reuters) - Indonesia's central bank kept its policy rates stea

Forint outperforms region ahead of cenbank rate meeting

By Anita Komuves BUDAPEST, Oct 19 (Reuters) - The Hungarian forint EURHUF= led gains in the region on Tuesday as some investors were betting on the central bank hiking its benchmark interest rate more than previously expected at its meeting later in the day. According to a Reuters poll of analysts, the NBH is expected to raise its base rate by 15 b

Bitcoin on cusp of all-time high ahead of futures ETF listing

* At $62,991, near its peak of $64,895 * ProShares futures-based ETF expected to list Tuesday By Tom Wilson and Tom Westbrook LONDON/SINGAPORE, Oct 19 (Reuters) - Bitcoin hit a six-month high and was within striking distance of its all-time peak on Tuesday as traders bet an anticipated listing of a futures-based U.S. exchange-traded fund could hera

Is China finally ready to roll out a property tax?

* China has been considering a property tax since 2003 * Shanghai, Chongqing rolled out pilot programmes in 2011 * President Xi Jinping wants to advance property tax legislation By Ryan Woo, Liangping Gao and Samuel Shen BEIJING/SHANGHAI, Oct 19 (Reuters) - China's long-mooted - and long-resisted - property tax is set to gain new momentum as Presid

Ugandan shilling weakens on both interbank and importer demand

KAMPALA, Oct 19 (Reuters) - The Ugandan shilling UGX= traded weaker on Tuesday, undercut by dollar demand from players in the interbank market as well as merchandise importers. At 0821 GMT commercial banks quoted the shilling at 3,618/3,628, compared to Monday's close of 3,610/3,620. UGX Spot Rate..... UGX= Ugandan Shilling Money Guide.... UGX/1 Ca

Lebanese parliament confirms March polls amid efforts to secure IMF rescue

(Writes through) BEIRUT, Oct 19 (Reuters) - Lebanon's parliament voted on Tuesday to hold legislative elections on March 27, parliamentary sources said, giving Prime Minister Najib Mikati's government only a few months to try to secure an IMF recovery plan amid a deepening economic meltdown. Lebanon's financial crisis, labelled by the World Bank as

Britain strikes green investment partnership with Bill Gates

LONDON, Oct 19 (Reuters) - Bill Gates is working with the British government to invest and bring down the cost of new greener technologies to help countries hit net-zero emission targets by 2050. Speaking at a Global Investment Summit alongside Prime Minister Boris Johnson, Gates said investment was needed to further develop new technologies that w

China says: we want COP26 to be a success

LONDON, Oct 19 (Reuters) - China's special climate envoy, Xie Zhenhua, said on Tuesday that the COP26 climate conference in Glasgow was deeply significant and that the People's Republic was working for the success of the conference. Xie, speaking through a translator via video link, said China wanted to work with the international community to slow

Gold climbs 1% as dollar, treasury yields ease

* Gold remains an attractive bet for investors - analyst * Dollar hits two-week low * European stocks inch up By Arundhati Sarkar Oct 19 (Reuters) - Gold snapped a two-session slide to advance 1% on Tuesday as a weaker dollar and lower U.S. Treasury yields supported prices and lifted bullion's appeal. Spot gold XAU= was up 0.9% at $1,780.90 per oun

Dentsu Says Entering A Capital And Business Alliance With Indian Banking Tech Platform Provider Goals101


Developed market equities, U.S. tech, Japan to gain in 2022, fund manager says

By Divya Chowdhury MUMBAI, Oct 19 (Reuters) - Developed market equities, including U.S. technology stocks other than the so-called FAANG group, are expected to outperform next year, the global head of multi-asset at PineBridge Investments said. The 'FAANG' group includes Facebook, Apple, Amazon, Netflix and Google-parent Alphabet. Higher vaccinatio

World stocks at 1-month high as bond yields soften

* Graphic: Global asset performance Link * Graphic: World FX rates Link By Saikat Chatterjee LONDON, Oct 19 (Reuters) - World stocks climbed to a one-month high on Tuesday as a rally in technology shares and prospects of solid corporate earnings helped counter concerns about elevated inflationary pressures. Oil prices took a breather from their eye

Qatar forms climate change ministry, appoints finance minister

DUBAI, Oct 19 (Reuters) - Qatar's emir created an environment and climate change ministry on Tuesday and appointed Ali Bin Ahmad Al-Kuwari as finance minister, a role he had held in an acting capacity since his predecessor's arrest over corruption allegations. In a government reshuffle, Faleh bin Nasser al-Thani was named minister of environment an

China's climate envoy Xie says to attend COP26

LONDON, Oct 19 (Reuters) - China's special climate envoy, Xie Zhenhua, said on Tuesday that he would soon travel to the COP26 climate conference in Glasgow. Reporting by Guy Faulconbridge; Editing by Alistair Smout




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