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To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05092018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 11:15 am: NIIT Technologies post-earnings analyst meet in Noida.
4:00 pm: Arvind post-earnings conference call in Mumbai.
LIVECHAT- BOE PREVIEW We discuss expectations for this week's Bank of England policy decision, as well as the outlook for the UK economy, with Philip Shaw, chief economist at Investec at 2:30 pm IST. To join the Global Markets Forum, click here. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • ReNew Power files for IPO that could raise $1 billion ReNew Power filed for an initial public offering on Tuesday that could raise more than $1 billion in one of India's biggest listings so far this year.
• Global crude oil price rise not supported by fundamentals, says Indian Oil head State-owned crude oil refiner Indian Oil said the company has held back from increasing fuel prices in India.
• MCX to launch crude oil options on May 15 Multi Commodity Exchange will launch the country's first crude oil options contract on May 15, the exchange said in a statement on Tuesday.
• RBI removes 6.84 percent 2022 bond from list of open market buy The Reserve Bank of India on Tuesday removed 6.84 percent 2022 bonds from the list of government securities that it had announced to buy in an open market operation on May 17.
• Gold seen at highest annual price for five years in 2018 - GFMS Gold in 2018 will deliver its strongest annual price performance in five years, GFMS analysts forecast on Tuesday, as political uncertainty drives investment in bars and bullion-backed investment funds.
GLOBAL TOP NEWS • Trump ignores European pleas and abandons 'defective' Iran nuclear deal President Donald Trump on Tuesday pulled the United States out of an international nuclear deal with Iran, raising the risk of conflict in the Middle East, upsetting European allies and casting uncertainty over global oil supplies.
• Asia vulnerable to sudden global tightening, protectionist shift-IMF The growth outlook for Asian economies remains strong, but the region is vulnerable to sudden tightening in global financial conditions, further market corrections and a shift towards protectionist policies, the IMF said on Wednesday.
• Trump, China's Xi discuss trade ahead of talks next week U.S. President Donald Trump and Chinese President Xi Jinping discussed ongoing trade issues on Tuesday, as both sides continue to position themselves amid a heated feud over tariffs between the world's two largest economies.