By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will remain in a tight range and appreciate only slightly against the U.S. dollar over the coming year as the Reserve Bank of India continues to intervene in currency markets despite a strong economy, according to a Reuters poll. The rupee…

By Sarita Chaganti Singh and Ira Dugal NEW DELHI (Reuters) – India’s central bank has found hundreds of thousands of accounts at Paytm Payments Bank created without proper identification and has passed the information on to the country’s financial crime fighting agency, three sources familiar with the matter said. The…

ZURICH (Reuters) – Switzerland will ban the import of Russian diamonds in line with the latest round of European Union sanctions designed to punish Moscow for its invasion of Ukraine, the government said on Wednesday. Bern has agreed to adopt the 12th round of sanctions implemented by the EU in…

Investing.com– Most Asian currencies kept to a tight range on Wednesday, steadying after recent losses as the dollar retreated from recent three-month peaks, although the prospect of higher-for-longer U.S. rates still kept traders on edge. Regional currencies were nursing steep losses over the past three sessions, after a string of…

By Haripriya Suresh, VarunVyas Hebbalalu and Aditya Kalra BENGALURU/NEW DELHI (Reuters) – A rags-to-riches tale, Vijay Shekhar Sharma is no stranger to controversy. Now, India’s startup king faces arguably his biggest crisis in a race to save his revolutionary digital payments firm that had once counted Warren Buffett as a…

By Ana Mano SAO PAULO (Reuters) – An agency tasked with patrolling federal roads in Brazil has reported a surge in volumes of illegal pesticides seized from criminals in the last eight years, including a record 358 metric tons apprehended in 2022 when the country harvested close to 300 million…

By Devayani Sathyan and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) – Most emerging market currencies will struggle to recoup this year’s losses against the dollar in coming months as expectations for aggressive rate cuts from the U.S. Federal Reserve diminish, a Reuters poll of FX strategists found. After ending 2023 on a…

By Mathieu Rosemain PARIS (Reuters) -Societe Generale, France’s third-biggest listed bank, is set to cut about 900 jobs in its home country this year, two sources close to the matter said, as CEO Slawomir Krupa seeks to cut costs to boost profits. The job cuts will mostly target IT and…

By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by low economic activity in leading crude importer China and a surprise build in inventories as producers ramped up output following frigid weather this month. futures for March, which expire on Wednesday, settled down $1.16, or about 1.4%, to…

By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to strengthen over the coming year if the U.S. Federal Reserve cuts interest rates as expected, but its gains could be held in check as mortgage renewals weigh on household spending and economic growth, a Reuters poll found. The…