Reuters Financial News

home prices in India are set to rise 7% this year and next, driven by purchases of luxury properties, according to analysts polled by Reuters who said the supply of affordable homes would continue to lag demand. Barely dented by the Reserve Bank of India's 2-1/2 percentage points of interest rate rises from May 2022 to February 2023, the housing market has powered along with Asia's No. 3 economy, the fastest growing amongst major peers. Home prices rose 4.3% in 2023, the fastest since 2018, according to Reuters calculations based on the RBI's House Price Index.

By Georgina McCartney

right to abortion in its constitution, a historic move heavily criticized by anti-abortion groups. Senators and MPs supported the move by 780 votes against 72 in a special joint vote of the two houses of parliament. Monday's vote enshrined in Article 34 of the French constitution that "the law determines the conditions in which a woman has the guaranteed freedom to have recourse to an abortion".

Elon Musk last Thursday filed a lawsuit against ChatGPT maker OpenAI – a company he helped to found – and its chief executive Sam Altman. What’s behind the sparring? ET explains. What does Musk’s lawsuit say?

By Yuka Obayashi and Ritsuko Shimizu

MEXICO CITY (Reuters) — Mexico's inflation rate likely eased in February, a Reuters poll showed on Monday, reinforcing bets that the country's central bank could lower its key benchmark interest rate as soon as this month.

By Aditya Kalra

By Jeffrey Dastin

By Lefteris Papadimas and Angeliki Koutantou

Singapore is set to raise the salary criteria for foreign executives and professionals that companies can hire starting next year, the government announced on Monday. Starting in January of next year, foreigners seeking employment passes, typically reserved for well-paid professionals, will need to earn at least S$5,600 ($4,170) per month, an increase from the current requirement of S$5,000. Those in the financial sector will have the qualifying salary hiked to S$6,200 from S$5,500.

Moody's on Monday raised India's GDP growth estimate to 6.8 per cent from 6.1 per cent for 2024. India's economic growth in the three months through December was much higher than most estimates. This was attributed to a sharp fall in key subsidies which provided a boost to GDP, reported Reuters, citing two government officials. India's economy grew 8.4 per cent during the October-December quarter, its fastest pace in one-and-half years, and much faster than the 6.6 per cent estimated by economists polled by Reuters.

BEIJING (Reuters) — China's leading electric vehicle (EV) maker BYD (SZ:002594) on Monday launched a new version of its best-selling car at a price lower than the final price of its discontinued predecessor, as a price war rages in the world's largest automobile market.

Donald Trump beats Nikki Haley in Michigan, Missouri Trump issued a statement shortly after Haley’s victory sarcastically congratulating her on being named “Queen of the Swamp by the lobbyists and DC insiders that want to protect the failed status quo." This is not the first time Republicans in the capital have rejected Trump. During the last competitive Republican nominating contest in the District of Columbia, in 2016, Trump received less than 14% of the vote and no delegates, even as he went on to win the nomination nationally.

(Reuters) -An investor group seeking to buy Macy's (NYSE:M) is raising its offer by nearly $1 billion after the department store chain rebuffed its prior proposal as too low, the Wall Street Journal reported on Sunday.

By Marc Jones, Xie Yu and Scott Murdoch

By Maha El Dahan and Alex Lawler

By Nidal al-Mughrabi and Bassam Masoud

OPEC and allies led by Russia (OPEC+) have agreed to extend voluntary first-quarter oil output cuts into the second, sources said on Sunday. OPEC+ in November agreed to voluntary cuts totalling about 2.2 million barrels per day (bpd) for the first quarter, led by Saudi Arabia rolling over its own voluntary cut. OPEC+ has implemented a series of output cuts since late 2022 to support the market amid rising output from the United States and other non-member producers and worries over demand as major economies grapple with high interest rates.

stampede but local health officials said casualties brought into hospitals had been hit by large calibre ammunition. Pressure has mounted on Israel over the deaths of dozens of Palestinians during a confused incident in the Gaza Strip on Thursday in which crowds surrounded a convoy of aid trucks and soldiers opened fire, with several countries backing a U.N. call for an inquiry.

Nifty ended with weekly gains of 0.75% with leadership taken by banks, auto and metals. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-shortened week are likely to impact them. Commenting on the day's trade, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty struggled to withstand the selling pressure at higher levels after beginning the day on a positive note and ultimately closing at the day's lowest point. According to him, the overall sentiments remain positive and the index must surpass the 22,400 mark to trigger a new leg of rally. «A decisive breakthrough above 22,400 could propel the index towards 22,600. On the downside, support is situated at 22,250-22,200,» De said.

By Nidal al-Mughrabi