Dollar Pullback ahead of U.S. Data to Lift Rupee at Open

MUMBAI, Feb 14 Reuters The Indian rupee was poised to open higher against the U.S. dollar, tracking a broad pullback on the currency in the leadup to key U.S. inflation data due later on Tuesday. The nondeliverable forward market indicated an opening of around 82.60 for the rupee compared with 82.7175 in the previous session. […]
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Sterling Steadies after PostInflation Slump

LONDON, Feb 16 Reuters Sterling steadied against the dollar and euro on Thursday after a deep slump a day earlier as Britain39;s softerthanfeared inflation eased tightening pressures from the Bank of England BoE. The pound was about flat against the euro at 88.80 pence, after recording its biggest daily drop against the single currency in […]
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Saipem Shares Drop, Group Says Cannot Explain Why

MILAN, Feb 13 Reuters Saipem does not have any information explaining Monday39;s share movements, a spokesman for the Italian energy contractor said, after the stock closed down 5.7. More than 10 of the share capital of the group was traded on the Milan stock exchange, according to Refinitiv data. The stock hit a low of 1.3750 […]
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BP to Buy TravelCenters of America for 1.3 Billion

Feb 16 Reuters TravelCenters of America Inc said on Thursday it would be acquired by BP Plc for about 1.3 billion in cash, as the British energy giant looks to expand its travel convenience and fuel supply footprint in the United States. BP has offered 86 per TravelCenters share held, which represents a 74 premium to the […]
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Idemitsu Kosan Cuts FullYear Forecast on Lower Oil Prices

Feb 14 Reuters Idemitsu Kosan Co, Japan39;s secondbiggest oil refiner, revised its full fiscal year net profit forecast down by 32 to 220 billion yen 1.7 billion on Tuesday, expecting lower oil prices and a stronger yen to hit earnings. The revision follows a similar step by Japan39;s top refiner Eneos Holdings Inc, which last week […]
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