Rashmi Aich

Bangalore

Jane of many trades. SJS10Overlap survivor. Journo, cook, artist. Reuters. Ex-BQ, Mint, Informist, PTI & BS. IIMC Delhi alumnus. Views my own!

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Articles

Wheat rebounds on lower-than-expected US crop ratings

1 week ago | zawya.com | Peter Hobson |Gus Trompiz |Rashmi Aich

CANBERRA/PARIS - Chicago wheat rose on Wednesday after U.S. crop ratings came in below market expectations, though prices remained within sight of a five-year low amid broadly favourable harvest prospects in the northern hemisphere and sluggish international demand. Corn futures also rose, similarly drawing support from a lower than expected U.S. crop conditions score. Soybeans edged lower.
UK's Rentokil to sell French workwear business in $464 million deal

1 week ago | today.westlaw.com | Shashwat Awasthi |Savio D'Souza |Rashmi Aich

(Reuters) -British pest control company Rentokil Initial said on Wednesday it would sell its workwear, flat linen and clean room business in France to H.I.G. Capital in a deal that values the business at about 410 million euros ($463.8 million).
Tyremaker Goodyear India Posts Quarterly Profit on Higher Replacement Demand

1 week ago | gurutrade.com | Meenakshi Maidas |Rashmi Aich |Mrigank Dhaniwala

May 27 (Reuters) - Tyremaker Goodyear India reported a profit in the fourth quarter on Tuesday, as higher replacement demand for tyres offset the impact of higher rubber prices. U.S.-based Goodyear Tire's Indian unit posted a profit of 48.7 million rupees ($570,578) for the three months ended March 31 against a loss of 42.1 million rupees a year ago. Goodyear India supplies tyres to BMW and Toyota among others and depends on automakers' sales for a major chunk of its revenue.
Japan's Super-Long Bond Yields Plunge on Issuance Cut Speculation

1 week ago | gurutrade.com | Junko Fujita |Sumana Nandy |Eileen Soreng |Rashmi Aich

TOKYO, May 27 (Reuters) - Yields on super-long Japanese government bonds (JGBs) fell sharply on Tuesday after Reuters reported the country's finance ministry might issue fewer of these bonds. The 30-year JGB yield fell sharply following the report, dropping 18.5 basis points (bps) to 2.85%. It traded as high as 2.955% earlier in the session.
European Stocks Rebound as Trump's Tariff Deadline Extension Aids Sentiment

1 week ago | gurutrade.com | Nikhil Sharma |Rashmi Aich

Defence stocks lead sectoral gains on STOXX 600 Thyssenkrupp rises after report of shareholder meeting plans STOXX 600 up 0.9% May 26 (Reuters) - European shares rose sharply on Monday, poised to recoup the previous session's losses on relief after U.S. President Donald Trump delayed his threat to impose a 50% tariff on the region. The pan-European STOXX 600 index rose 0.9%, as of 0822 GMT.
India's April Wholesale Inflation Slows to 13-Month Low as Food Prices Fall

3 weeks ago | gurutrade.com | Sarita Singh |Rashmi Aich |Tom Hogue

NEW DELHI, May 14 (Reuters) - India's wholesale inflation in April slowed to a 13-month low on the back of moderating food prices, government data showed on Wednesday. In April, wholesale inflation, a proxy for producer prices, recorded at 0.85% year-on-year, compared to 2.05% in March. The print was lower than the 1.76% projected by economists in a Reuters poll and slowest since March 2024. Wholesale food prices rose 2.55% year-on-year in April, against a 4.66% rise in March.
Pension fund exits Australia's MinRes, citing governance concerns

3 weeks ago | mining.com | Sneha Kumar |Rashmi Aich

Australian pension fund HESTA said on Monday it had sold its remaining stake in billionaire Chris Ellison-founded Mineral Resources, citing “serious governance concerns”. The mining services provider has been grappling with governance issues, primarily involving Ellison, with allegations including tax evasion and misuse of company resources for personal projects.
European Shares Rise as US and China Reach Deal to Slash Tariffs

3 weeks ago | gurutrade.com | Sukriti Gupta |Rashmi Aich |Mrigank Dhaniwala

US and China reach deal to slash tariffs, officials say Adidas, Puma gain, logistics rise after deal Pharma stocks down after Trump moves to cut prices; Novo slumps May 12 (Reuters) - European shares rose on Monday after the United States and China said they have agreed on a deal to slash reciprocal tariffs, giving investors some confidence that a full-scale trade war may have been averted.
Italy's UniCredit Raises Profit Outlook, says to be Selective on Deals

3 weeks 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

4 weeks 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.