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CBI probing Surya Pharmaceuticals in 6.2 billion rupees bank fraud case
NEW DELHI (Reuters) - Indian police have launched an investigation into a Delhi-based pharmaceutical company for allegedly defrauding state-run Punjab & Sind Bank and four other banks of 6.21 billion rupees ($94.57 million), police said.
Posted on : 2018-04-17 23:59:53
Cambridge Analytica planned to issue digital currency - sources
NEW YORK (Reuters) - Cambridge Analytica was planning to raise money by issuing a new type of digital currency before it became embroiled in a scandal surrounding the misuse of Facebook Inc personal data, sources familiar with the matter told Reuters on Tuesday.
Posted on : 2018-04-17 23:49:07
Fed's Williams sees U.S. inflation at or above goal for years
MADRID (Reuters) - San Francisco Federal Reserve Bank President John Williams on Tuesday said he expects U.S. inflation to rise to the U.S. central bank's 2-percent goal this year and stay at or above that goal for "another couple of years," even as the Fed continues to raise interest rates.
Posted on : 2018-04-17 23:13:51
China central bank announces surprise cut in bank reserve requirements
BEIJING (Reuters) - China's central bank unexpectedly said on Tuesday it will reduce the cash banks hold as reserves, a move that frees up lending for small firms but falls short of broad monetary easing, with the authority attaching requirements on how funds must be used.
Posted on : 2018-04-17 23:09:28
Tech stocks, Netflix power Wall Street's gains
(Reuters) - U.S. stocks rose about 1 percent on Tuesday, helped by gains in technology companies and as strong earnings from Netflix and UnitedHealth boosted optimism over what is expected to be the strongest earnings season in seven years.
Posted on : 2018-04-17 22:56:45
Analysis: Who's next? Investors seek to purge 'oligarch risk' from Russia portfolios
LONDON (Reuters) - "Who's next?" investors in Russia are asking as they scramble to clear their portfolios of "oligarch risk" - holdings in companies that may be next in line for U.S. sanctions after metals company Rusal was targeted last week.
Posted on : 2018-04-17 22:53:27
India seeks compensation for U.S. steel and aluminium tariffs at WTO
GENEVA (Reuters) - India has followed the European Union and China by demanding compensation from the United States at the World Trade Organization for U.S. steel and aluminium tariffs, documents filed to the WTO showed on Tuesday.
Posted on : 2018-04-17 21:42:19
U.S. Supreme Court struggles with e-commerce sales tax case
WASHINGTON (Reuters) - U.S. Supreme Court justices on Tuesday appeared uncertain whether to let states force out-of-state online retailers to collect sales taxes on purchases in a fight potentially worth billions of dollars pitting South Dakota against e-commerce businesses.
Posted on : 2018-04-17 21:30:57
Lloyds Banking Group to axe 305 jobs and 49 more branches in Britain
LONDON (Reuters) - Lloyds Banking Group will cut 305 jobs and close 49 branches in Britain, the latest in a series of reductions to its workforce and network as it promotes its digital services.
Posted on : 2018-04-17 20:58:31
Analysis: Sanctions batter Rusal's overseas supply chain, restructuring seen
LONDON/MOSCOW (Reuters) - Russia's Rusal may be forced to divest most of its portfolio of overseas operations if the aluminium giant cannot restructure them to evade U.S. sanctions and ensure a flow of raw materials.
Posted on : 2018-04-17 20:44:12
U.S. housing starts increase, single-family segment weak
WASHINGTON (Reuters) - U.S. homebuilding increased more than expected in March amid a rebound in the construction of multi-family housing units, but weakness in the single-family segment suggested the housing market was slowing.
Posted on : 2018-04-17 20:27:48
Lowest jobless rate since 1975 fails to spur UK wage growth
LONDON (Reuters) - British workers' pay is still rising by less than inflation despite the lowest unemployment rate since 1975, official data showed on Tuesday, but weaker-than-expected wage growth is unlikely to stop interest rates rising next month.
Posted on : 2018-04-17 20:18:12
Worldsteel raises forecast for 2018 global steel demand growth to 1.8 percent
LONDON (Reuters) - Global steel demand will grow 1.8 percent this year and 0.7 percent next year, driven by favourable world economic momentum, though the market faces risks from rising trade tensions, the World Steel Association (worldsteel) said on Tuesday.
Posted on : 2018-04-17 20:06:19
Taiwan to open trade office in India
NEW DELHI (Reuters) - Taiwan will next month open a trade office in New Delhi, part of its efforts to expand business ties with Asia's third largest economy amid China's insistence on One China policy, a senior Taiwanese trade official said on Tuesday.
Posted on : 2018-04-17 19:56:42
Goldman trumps profit estimates as bond trading shines
(Reuters) - Goldman Sachs Group Inc blew past Wall Street's expectations for quarterly profit on Tuesday, as volatility in global markets powered a surge in bond and stock trading.
Posted on : 2018-04-17 19:50:17
Wall Street rises as strong Netflix, Goldman earnings impress
(Reuters) - Wall Street indexes rose on Tuesday as strong earnings from Netflix, Goldman Sachs and healthcare companies boosted optimism over what is expected to be the strongest earnings season in seven years.
Posted on : 2018-04-17 19:41:50
Unipec and ENOC place lowest offers in Bangladesh oil import tender - sources
DHAKA (Reuters) - Energy traders Unipec and ENOC placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.52 million tonnes of oil products for import in the second half of 2018, officials said on Tuesday.
Posted on : 2018-04-17 19:18:10
Exclusive: China seeks trade firewall with U.S. allies in rush of ambassador meetings - sources
BEIJING/BRUSSELS (Reuters) - China's international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions.
Posted on : 2018-04-17 19:05:08
Vedanta gets regulatory nod for Electrosteel takeover
(Reuters) - Vedanta Ltd, the Indian unit of diversified mining group Vedanta Resources Plc, said on Tuesday the National Company Law Tribunal (NCLT) has approved its Resolution Plan to acquire the debt-ridden Electrosteel Steels Ltd.
Posted on : 2018-04-17 18:45:14
IMF keeps global forecasts steady, sees growth bump fading quickly
WASHINGTON (Reuters) - Global growth will keep a steady pace this year and next, buoyed by stronger trade and U.S. fiscal stimulus that will fade by the early 2020s, while increased tariffs could damage market confidence and output, the International Monetary Fund said on Tuesday.
Posted on : 2018-04-17 18:32:51
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