Rashmi Aich

Bangalore

Jane of many trades, trying to master some. Scribe, cook, artist… Reuters. Ex-BloombergQuint, Mint, Informist, PTI & BS. IIMC Delhi alumnus. Views are mine!

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Articles

Italy's UniCredit Raises Profit Outlook, says to be Selective on Deals

2 days ago | gurutrade.com | Valentina Za |Giulia Segreti |Rashmi Aich

MILAN, May 12 (Reuters) - Italy's second-biggest bank UniCredit (CRDI.MI), opens new tab strengthened its 2025 outlook on Monday after posting a surprise increase in first-quarter profit, and said it would pursue deals only if they further improved its "unmatched standalone case".
Investors Looking Beyond US Scoop-Up Asian Funds

5 days ago | gurutrade.com | Rae Wee |Gaurav S Dogra |Rashmi Aich

SINGAPORE/BENGALURU, May 9 (Reuters) - Investors have been selling U.S. shares and piling into Asian equity funds, as the Trump administration's tariffs cast a cloud over the U.S. growth outlook and whether years of world-beating gains in U.S. markets may be drawing to an end. Net flows into exchange-traded equity funds that invest in Asia totalled $8.45 billion for the three weeks ended May 7, the highest in about seven months, LSEG Lipper data covering 844 funds listed globally showed.
Gold Gains on Weaker Dollar; Traders Brace for Fed Rate Decision

1 week ago | gurutrade.com | Anushree Mukherjee |Rashmi Aich |Janane Venkatraman

Fed's interest rate decision due this week Gold may trade in the $3,200-$3,350 range ahead of the Fed meeting, analyst says Dollar down 0.3% against its rivals May 5(Reuters) - Gold firmed on Monday, supported by a softer dollar, as investors waited to see how U.S.-China trade relations will unfold, and for the Federal Reserve's policy meeting due later this week. Spot gold gained 0.6% to $3,259.29 an ounce, as of 0623 GMT. U.S. gold futures rose 0.8% to $3,267.70.
India's IndusInd Bank Drops as CEO Quits in Wake of Accounting Lapse

2 weeks ago | gurutrade.com | Siddhi Nayak |Ira Dugal |Rashmi Aich |Savio D'Souza

MUMBAI, April 30 (Reuters) - Shares of India's IndusInd Bank dropped on Wednesday after the bank's CEO resigned, taking "moral responsibility" for recent derivatives accounting lapses, but the losses were capped by expectations that a new management team would soon be in place. The stock of the country's fifth-largest private lender fell 3% at the opening bell, before paring some losses to trade 2.5% lower as of 11 a.m. IST.
American Airlines ends JetBlue talks, sues over collapsed alliance

2 weeks ago | today.westlaw.com | Sherry Jacob-Phillips |Janaki Venugopalan |Rashmi Aich |Bipasha Dey

(Reuters) -American Airlines has ended partnership talks with carrier JetBlue Airways and filed a lawsuit seeking damages after the collapse of the Northeast Alliance (NEA), Vice Chair Steve Johnson said in a letter to employees on Monday.
Major Gulf Markets Gain as Investors await Earnings

2 weeks ago | gurutrade.com | Ateeq Shariff |Rashmi Aich

April 28 (Reuters) - Major stock markets in the Gulf rose in early trading on Monday as investors awaited corporate earnings announcements, although uncertainty over trade talks between the U.S. and China limited gains. U.S. Treasury Secretary Scott Bessent on Sunday did not back President Donald Trump's assertion that tariff talks with China were underway and said he did not know if the U.S. president had talked to Chinese President Xi Jinping.
UK's Deliveroo Suspends Share Buyback after $3.6B Offer from Doordash

2 weeks ago | gurutrade.com | Chandini Monnappa |Rashmi Aich |Louise Heavens

April 28 (Reuters) - British meal delivery company Deliveroo suspended its 100 million pound ($133.13 million) share buyback program on Monday, days after it said it had received a $3.6 billion buyout proposal from U.S. peer DoorDash. On Friday, Deliveroo said it had received a takeover proposal from DoorDash on April 5 and would likely recommend the 180 pence-per-share offer to shareholders, subject to agreement on other terms.
Japan's Nikkei Notches Best Week in 3 Months on Trade Deal Hopes

3 weeks ago | gurutrade.com | Kevin Buckland |Rashmi Aich

TOKYO, April 18 (Reuters) - Japan's Nikkei share average rose 1% on Friday to clock its best week in three months, as investors turned more hopeful that U.S. President Donald Trump would be able to broker trade deals with some of its top trading partners, including Japan. The Nikkei touched a two-week high of 34,758.97 before ending the day up 1.03% at 34,730.28, despite somewhat muted trading due to the Easter holidays in most other markets. The broader Topix added 1.14%.
European Shares Rise as Trump Touts Auto-Related Tariff Break; LVMH Plunges

4 weeks ago | gurutrade.com | Sukriti Gupta |Rashmi Aich |Sherry Jacob-Phillips

Autos lead gains among European sectors LVMH slumps after weak U.S. and China sales BESI jumps surge after Applied Materials buys a 9% stake Ericsson gains on reports better-than-expected Q1 earnings Fugro falls after Q1 profit warning April 15 (Reuters) - European shares rose on Tuesday as investors digested fast-changing U.S. tariff plans, while shares of LVMH slumped after disappointing first-quarter revenue from the world's largest luxury group underscored the damage caused by the trade...
Gold Gains as Markets Grapple with US Tariff Uncertainty

4 weeks ago | gurutrade.com | Rahul Paswan |Anushree Mukherjee |Rashmi Aich |Varun H K

Gold's upward trend remains intact, says analyst Fed's Bostic says US central bank should stay on hold until there is clarity on tariffs Bullion hit record high in the last session April 15 (Reuters) - Gold prices rose on Tuesday amid continued uncertainty over U.S. President Donald Trump's tariff plans and its impact on the global economy. Spot gold was up 0.6% to $3,229.93 an ounce, as of 0501 GMT, not far from Monday's record high of $3,245.42.