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Interview: Xiaomi to expand store network in Indian tussle with Samsung
MUMBAI (Reuters) - China's Xiaomi plans to expand its Indian store network as it attempts to grab the lead in a smartphone market which Korea's Samsung has dominated for more than five years.
Posted on : 2018-01-19 18:24:54
Global Markets: U.S. shutdown fears hurt dollar, Treasury yields at highest since 2014
LONDON (Reuters) - The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continued an upward march to hit their highest levels since September 2014.
Posted on : 2018-01-19 17:57:55
India to allot 11 new mines to Coal India: statement
NEW DELHI (Reuters) - Indian government will allot 11 new coal mines to Coal India (Ltd), adding 225 million tonnes to the state miner's annual production capacity, a government statement said on Friday.
Posted on : 2018-01-19 17:49:45
Indian tribunal refuses to lift Price Waterhouse audit ban
MUMBAI (Reuters) - The Securities Appellate Tribunal (SAT) said on Friday that Price Waterhouse can continue to service existing clients whose financial year started on Jan. 1 2018, but refused to grant a stay on a two-year audit ban ordered by the market regulator.
Posted on : 2018-01-19 17:46:16
IMF's Lagarde urges next German government to show global leadership
BERLIN (Reuters) - International Monetary Fund (IMF) Managing Director Christine Lagarde said it was reassuring that exploratory talks between Germany's conservatives and Social Democrats (SPD) had been successful and urged a new government to show global leadership.
Posted on : 2018-01-19 17:21:01
India sends tax notices to cryptocurrency investors as trading hits $3.5 billion
NEW DELHI (Reuters) - India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said.
Posted on : 2018-01-19 17:16:56
Singapore headline CPI seen rising 0.6 percent y/y in December: Reuters poll
SINGAPORE (Reuters) - Singapore's headline consumer price index (CPI) is expected to have risen in December from a year earlier due to higher transport costs, a Reuters poll showed on Friday.
Posted on : 2018-01-19 17:03:47
Wipro posts surprise fall in third-quarter profit on higher costs
(Reuters) - IT firm Wipro Ltd posted a surprise fall in third-quarter profit as higher costs weighed.
Posted on : 2018-01-19 16:35:18
Japan, U.S. to discuss trade "framework", U.S. envoy says: NHK
TOKYO (Reuters) - Japan and the United States next week will start to discuss a framework of negotiations with the aim of concluding a trade pact and fixing bilateral trade imbalances, Japanese public broadcaster NHK quoted the U.S. ambassador to Japan as saying.
Posted on : 2018-01-19 16:14:38
Oil prices fall as U.S. output rise outweighs crude stock falls
LONDON (Reuters) - Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back in U.S. production outweighed ongoing declines in crude inventories.
Posted on : 2018-01-19 15:48:37
Dollar near three-year low, heading for worst run since 2015
LONDON (Reuters) - The dollar laboured near a three-year low against a basket of currencies on Friday, heading for a fifth week of falls that would be its longest losing streak since May 2015.
Posted on : 2018-01-19 15:36:14
Xerox-Fujifilm deal should have been changed long ago - Icahn
(Reuters) - Hedge fund investor Carl Icahn has called for the termination or renegotiation of Xerox Corp's long-running photocopier joint venture with Fujifilm Holdings, reiterating demands for a change of leadership at Xerox.
Posted on : 2018-01-19 15:35:37
Thyssenkrupp pledges to refine strategy amid investor concerns
BOCHUM/FRANKFURT (Reuters) - Thyssenkrupp will adapt its strategy following a planned steel tie-up with India's Tata Steel, its chief executive said on Friday, responding to investor criticism that the elevators-to-submarines group is too unwieldy.
Posted on : 2018-01-19 15:15:32
Insight: Chinese cities' moves to ease residency curbs fuel property demand
CHENGDU/BEIJING (Reuters) - China's provincial capitals have discovered a way to keep apartment sales booming by making it much easier for graduates to get coveted household registration permits.
Posted on : 2018-01-19 15:11:15
China looks to call bluff on Trump trade action
BEIJING (Reuters) - As influential voices within the U.S. business community warn China that U.S. President Donald Trump is serious about tough action over Beijing's trade practices, there is little sense of a crisis in the Chinese capital, where officials think he is bluffing.
Posted on : 2018-01-19 15:02:44
IDFC Bank third-quarter profit dives 24 percent
(Reuters) - Private sector lender IDFC Bank Ltd reported a nearly 24 percent fall in its quarterly profit on Friday, hurt by higher expenses.
Posted on : 2018-01-19 14:58:20
Thyssenkrupp CEO to refine strategy in light of investor worries
BOCHUM/FRANKFURT (Reuters) - Thyssenkrupp will adapt its strategy following a planned steel tie-up with India's Tata Steel, its chief executive said on Friday, responding to investor criticism that the elevators-to-submarines group is too unwieldy.
Posted on : 2018-01-19 14:41:14
IEA sees oil markets tightening as Venezuelan output collapses
LONDON (Reuters) - Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017's biggest unplanned output fall and could see a further decline in 2018, the International Energy Agency (IEA) said on Friday.
Posted on : 2018-01-19 14:36:42
SoftBank telecoms IPO faces headwinds from government-backed upstarts
TOKYO (Reuters) - SoftBank Group Corp's expected spin-off of its Japanese telecoms business will lure investors seeking exposure to a solid tech name, but the prospect of tougher competition in a mature industry may turn off those chasing higher returns.
Posted on : 2018-01-19 14:06:56
Nokia signs its first official 5G equipment deal with NTT DoCoMo
FRANKFURT (Reuters) - Finland's Nokia said on Friday it signed its first major deal to supply new 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts nearly half of the country's mobile subscribers.
Posted on : 2018-01-19 13:32:39
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