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Exclusive: Brookfield mulls higher bid for Brazil's Renova, sources say
SAO PAULO (Reuters) - Brookfield Asset Management Inc is considering increasing its offer for Renova Energia SA by 25 percent, in a bid to sway the two largest shareholders in the Brazilian renewable power firm to exit their controlling stakes, two people with direct knowledge of the matter said on Tuesday.
Posted on : 2017-09-19 18:14:52
Gold edges up as dollar retreats ahead of Fed meeting
LONDON (Reuters) - Gold edged off the previous day's two-week low on Tuesday as the dollar eased ahead of a Federal Reserve meeting which is expected to provide more clues this week on the pace of U.S. monetary tightening.
Posted on : 2017-09-19 17:22:17
Billionaire Ratcliffe seeks British backing for Defender-style 4x4
LONDON (Reuters) - An off-roader modelled on Land Rover's classic Defender could be rolling off British production lines if the owner of petrochemicals giant Ineos can win government backing for it.
Posted on : 2017-09-19 17:09:05
India's cotton regions forecast to get much needed rain
NEW DELHI (Reuters) - Key cotton producing regions in central India are set for a recovery in rainfall levels, the country's weather office chief told Reuters on Tuesday, easing concerns for farmers who are betting on the fibre amid rising demand.
Posted on : 2017-09-19 17:07:33
Airbus looks to China for A380 jumbo amid sluggish global sales
BEIJING (Reuters) - Chinese airlines could need between 60 and 100 Airbus A380 jets over the next five or so years as passenger traffic grows, the plane maker's China head said on Tuesday, amid rising questions over future demand for the super jumbo.
Posted on : 2017-09-19 16:27:41
Oil near five-month high as Middle East producers stick to cuts
AMSTERDAM (Reuters) - Oil prices traded close to five-month highs on Tuesday after fresh data showed key Middle Eastern producers continued to cut supply in line with an OPEC-led deal aimed at ending a crude glut.
Posted on : 2017-09-19 15:57:58
Nifty, Sensex end lower; financial stocks drag
REUTERS - Indian shares ended lower on Tuesday as financial stocks such as Housing Development Finance Corp dragged both indexes amid investor caution ahead of the U.S. Federal Reserve's policy statement this week.
Posted on : 2017-09-19 15:43:29
Exclusive: U.S. defence firms want control over tech in Make-in-India plan
NEW DELHI (Reuters) - U.S. defence firms offering to set up production lines in India to win deals worth billions of dollars want stronger assurances they won't have to part with proprietary technology, according to a business lobby group's letter to India's defence minister.
Posted on : 2017-09-19 15:36:08
Airbus eyes China for A380 jumbo amid sluggish global sales
BEIJING (Reuters) - Chinese airlines could need between 60 and 100 of Airbus SE's A380 jets over the next five or so years as passenger traffic grows, the plane maker's China head said on Tuesday, amid rising questions over future demand for the super jumbo.
Posted on : 2017-09-19 15:34:14
Thyssenkrupp works council softens opposition to Tata Steel deal
DUESSELDORF (Reuters) - Thyssenkrupp's works council is prepared to consider a merger of the group's European steel operations with those of Tata Steel, even though it remains opposed to such a move as a way to restructure the business.
Posted on : 2017-09-19 15:18:25
Two Indian renewable power producers plan to sell $750 million in domestic bonds: sources
MUMBAI/SINGAPORE (Reuters) - Two of India's biggest renewable energy companies, Greenko Group PLC and ReNew Power Ventures Pte Ltd, plan to sell a combined $750 million worth of rupee-denominated bonds in the domestic market, three bankers told Reuters on Tuesday.
Posted on : 2017-09-19 15:10:28
Swiss shut down 'fake' E-Coin in latest cryptocurrency crackdown
ZURICH (Reuters) - Switzerland's financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.
Posted on : 2017-09-19 14:54:59
Bharat Oman Refineries buys first U.S. crude for November arrival: sources
SINGAPORE (Reuters) - Bharat Oman Refineries Ltd (BORL) has bought, via tender, its first crude cargo from the United States, which will be delivered in November, two trade sources said on Tuesday.
Posted on : 2017-09-19 14:52:36
Global shares tap brakes, dollar reverses as Fed nears
LONDON (Reuters) - Record-high world stocks braked and the dollar dipped on Tuesday ahead of a two-day meeting of the Federal Reserve after which it is expected to detail plans to shrink its balance sheet and gradually keep lifting U.S. interest rates.
Posted on : 2017-09-19 14:48:45
Overhauling management, Akzo Nobel hires Intertrust CFO De Vries
AMSTERDAM (Reuters) - Dutch paint maker Akzo Nobel, which rejected a 26 billion euro ($31.2 billion) takeover approach from U.S. rival PPG Industries this year -- has hired a new chief financial officer from financial services group Intertrust.
Posted on : 2017-09-19 13:13:55
Gold steady; markets brace for Fed meeting
REUTERS - Gold steadied above a two-week low on Tuesday, with investors awaiting direction from a Federal Reserve meeting for clues on the pace of monetary policy tightening in the United States.
Posted on : 2017-09-19 13:04:23
Thailand draws 3.1 million tourists in August, a record for the month
BANGKOK (Reuters) - Thailand welcomed 3.13 million tourists in August, a record for the low season month, and there's no sign that the strong baht is hurting an industry that's been a rare bright spot for the economy.
Posted on : 2017-09-19 12:54:06
Oil steady on tighter Middle East supplies, as rising U.S. output weighs
SINGAPORE (Reuters) - Oil markets held largely steady on Tuesday, even as OPEC producers Saudi Arabia and Iraq pointed to a reduction in supplies in line with efforts to tighten the market and prop up prices.
Posted on : 2017-09-19 12:29:09
Nifty comes off record high; ITC top drag
REUTERS - The Nifty hit a record high on Tuesday before erasing gains to trade slightly lower, dragged down by market heavyweights such as ITC Ltd.
Posted on : 2017-09-19 12:05:09
Toys 'R' Us files for bankruptcy ahead of holiday season
REUTERS - Toys 'R' Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains.
Posted on : 2017-09-19 11:56:00
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