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U.S. FAA to order inspections of jet engines after Southwest blast

(Reuters) - The U.S. Federal Aviation Administration said it will order inspection of about 220 aircraft engines as investigators have found that a broken fan blade touched off an engine explosion this week on a Southwest flight, killing a passenger.

Posted on : 2018-04-19 20:26:57

Analysis: Saudi reforms should bring flood of foreign funds next year

DUBAI (Reuters) - Saudi Arabia's inclusion in global equity indexes and the planned privatisation of oil company Aramco are expected to bring big inflows of overseas money into the kingdom next year.

Posted on : 2018-04-19 20:05:18

Fortis Healthcare to form committee to assess binding bids

(Reuters) - Indian hospital operator Fortis Healthcare will set up an advisory committee to evaluate binding offers from suitors lining up to buy the cash-strapped company or take a stake.

Posted on : 2018-04-19 19:43:12

Apple, P&G and chip stocks lead Wall Street lower

(Reuters) - Wall Street slid on Thursday morning, weighed down by a broad-based slump in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Procter & Gamble.

Posted on : 2018-04-19 19:38:12

U.S.-China trade conflict threatens global confidence - IMF's Lagarde

WASHINGTON (Reuters) - The biggest danger from the trade dispute between the United States and China is the threat to global confidence and investment, International Monetary Fund Managing Director Christine Lagarde said on Thursday.

Posted on : 2018-04-19 19:32:37

Analysis: Ethical cocoa schemes no panacea for struggling farmers

LONDON (Reuters) - Global chocolate makers are buying more cocoa sourced through schemes aimed at stamping out poverty as they rush to make their supply chains more ethical ahead of self-imposed 2020 deadlines.

Posted on : 2018-04-19 19:12:58

Wall Street opens lower as chip stocks, Apple drag

(Reuters) - The benchmark S&P 500 index and the Nasdaq opened lower after three days of gains on Thursday as technology stocks took a beating from Apple's decline and weakness in chipmakers.

Posted on : 2018-04-19 19:06:48

Tata Consultancy Services fourth-quarter profit beats estimates

(Reuters) - Tata Consultancy Services (TCS), India's biggest software services exporter, posted a higher-than-expected profit in the fourth quarter, helped by the number of contracts the company won.

Posted on : 2018-04-19 18:58:43

Wall Street eyes lower opening as chip stocks, Apple drop

(Reuters) - Wall Street was on track to open lower on Thursday dragged by declines in chip stocks following a weak forecast from Taiwan Semiconductor, the world's largest contract chipmaker.

Posted on : 2018-04-19 18:38:19

India monetary panel minutes signal shift to hawkish stance

MUMBAI (Reuters) - The Reserve Bank of India (RBI) could take a more hawkish tone starting as early as June despite easing inflation, minutes of the monetary policy committee's (MPC) meeting that took place this month showed.

Posted on : 2018-04-19 18:32:31

Exclusive: China looks to speed up chip plans as U.S. trade tensions boil - sources

BEIJING (Reuters) - China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country's reliance on imported chips.

Posted on : 2018-04-19 18:23:22

Nestle, Unilever forego price increases to move product

ZURICH/LONDON (Reuters) - First-quarter sales growth at Nestle and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment.

Posted on : 2018-04-19 18:12:13

Tata Consultancy Services fourth-quarter profit rises 4.5 percent

(Reuters) - Tata Consultancy Services Ltd (TCS), India's biggest software services exporter, reported a 4.5 percent rise in fourth-quarter profit on Thursday, beating market expectations.

Posted on : 2018-04-19 18:07:40

Fortis Healthcare to form takeover evaluation panel

(Reuters) - Indian hospital operator Fortis Healthcare will set up an advisory committee to evaluate takeover proposals, it said on Thursday, as suitors hover around the cash-strapped company.

Posted on : 2018-04-19 18:00:18

Exclusive: Unsold aluminium piling up at sanctions-hit Rusal factory

SAYANOGORSK, Russia (Reuters) - Russian aluminium giant Rusal is stockpiling large quantities of aluminium at one of its plants in Siberia because U.S. sanctions imposed this month have prevented it from selling the metal to customers, five sources close to the company said.

Posted on : 2018-04-19 17:58:33

Fortis Healthcare to form panel to evaluate takeover bids

(Reuters) - India's Fortis Healthcare Ltd, which runs around 30 multi-speciality hospitals in India, said on Thursday its board will set up an advisory committee to evaluate all takeover proposals.

Posted on : 2018-04-19 17:34:11

Blackstone earnings drop 20 percent due to equity market slump

(Reuters) - Blackstone Group LP, the largest manager of alternative assets such as private equity and real estate, said on Thursday first-quarter earnings per share fell 20 percent year-on-year, as a stock market slump weighed on the value of its holdings.

Posted on : 2018-04-19 17:18:58

Lost home, fees for the dead - Australia banking inquiry hears testimony

SYDNEY (Reuters) - An Australian inquiry into the financial services sector heard tearful testimony on Thursday from a nurse who lost her home after taking advice from a major lender, and that the country's biggest bank knowingly charged dead clients for counsel.

Posted on : 2018-04-19 17:14:54

BNY Mellon quarterly profit tops estimates

(Reuters) - Bank of New York Mellon Corp reported a better-than-expected first-quarter profit on Thursday, helped by strong growth in its assets servicing and management business.

Posted on : 2018-04-19 16:45:04

China stockpiles alumina for export as supply crunch drives record prices

MELBOURNE (Reuters) - Chinese traders are preparing to export alumina to reap the profits from record prices for spot cargoes after the United States imposed sanctions on Russia's United Company Rusal, among the biggest producers of the aluminium raw material.

Posted on : 2018-04-19 16:32:28