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Rupee Propped by more Dollar Losses on Dovish Fed Outlook

MUMBAI, Dec 28 Reuters The Indian rupee is expected to open higher on Thursday following a further slide in the U.S. dollar on bets the U.S. central bank will most likely cut interest rates in the next quarter. Nondeliverable forwards indicate the rupee will open at around 83.2683.28 to the U.S. dollar, compared with 83.3450 […]
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ZAR Weakens in Thin Trade ahead of Local Economic Releases

JOHANNESBURG, Dec 28 Reuters South Africa39;s rand slipped in thin trading on Thursday with no marketmoving news expected locally ahead of several economic data releases on Friday. At 1002 GMT, the rand traded at 18.5550 against the dollar , over 0.8 lower than its previous close. Volumes remain low and liquidity is very thin, said […]
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Financials Drive Indian Benchmarks to new Record Highs

BENGALURU, Dec 28 Reuters India39;s benchmark indexes hit fresh alltime highs on Thursday as strong domestic data lifted heavyweight financial stocks amid a global rally. The Nifty 50 index rose 0.57 to 21,778.70 points, while the SP BSE Sensex advanced 0.52 to 72,410.38 points. The 50member Nifty index has now hit a record high in 13 of […]
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Shipping Firms React to Attacks in the Red Sea

Dec 28 Reuters Iranianbacked Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza. The attacks, targeting a route that allows EastWest trade, especially of oil, to use the Suez Canal to save the time and expense of circumnavigating Africa, […]
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EV Maker VinFast Launches First Dealership in the US

HANOI, Dec 28 Reuters Vietnamese electric vehicle EV maker VinFast has launched its first partnership with a U.S.based dealer, North Carolinabased Leith Automotive Group, its latest effort to ramp up sales in the United States market, the two companies said. In an interview with Reuters in August, VinFast39;s global chief executive said the company was changing its […]
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Workers Threaten 2Day Strike at Neste Oil Refinery in Finland

HELSINKI, Dec 28 Reuters Finland39;s Industrial Union said on Thursday it planned two days of labour strike action at Neste39;s Porvoo oil refinery, likely shutting the plant39;s production unless the government agrees to change its proposed labour market reforms. Finnish unions have protested in recent months against the rightwing government39;s plan to favour local work agreements […]
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Indian Retailer FirstCrys Parent to Raise 218 mln in IPO

BENGALURU, Dec 28 Reuters India39;s FirstCry parent on Thursday filed for an initial public offering to raise 18.16 billion rupees 218 million, making it the first pureplay baby products and childcare retailer to go public in the country. FirstCry39;s parent Brainbees Solutions will sell fresh shares in the IPO and so will other investors, including […]
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Israeli Startups Raised 1.5 bln in Q4, 7 bln in 2023

JERUSALEM, Dec 28 Reuters Israeli high tech firms raised 1.5 billion in the fourth quarter of 2023, preliminary data showed on Thursday, in a sign that foreigners are still investing in Israeli startups despite Israel39;s war with Palestinian militant group Hamas. The Israel Venture Capital IVC Research Center and LeumiTech said fundraising in quarter up […]
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Toyotas Daihatsu to Compensate LowerTier Suppliers for Suspended Production

TOKYO, Dec 28 Reuters Toyota Motor39;s smallcar unit Daihatsu Motor said on Thursday it would compensate lowertier contractors in its supply chain to cushion the blow from an indefinite production stoppage after revelations last week of a wider safety scandal. Daihatsu, which had already announced plans to compensate 423 direct suppliers, has said it would keep production halted in […]
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