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India considers dollar window for oil firms, bonds to ease rupee pressure: source
India is considering asking the central bank to offer dollars directly to oil marketing companies or through a state-run bank, a government source said on Thursday, as part of steps to stem a fall in the rupee.
Posted on : 2018-09-19 19:16:43
China's Tencent Music seeks $2 billion in U.S. IPO: sources
Tencent Music Entertainment Group, China's biggest music-streaming company, is seeking to raise about $2 billion in a U.S. listing, according to three people close to the deal, down from the up to $4 billion that had been touted earlier.
Posted on : 2018-09-19 19:04:30
Rolls-Royce signs deal to trial hybrid-electric train conversions
Rolls-Royce has signed a deal to conduct a trial conversion of diesel trains to hybrid-electric engines in Britain, in a deal which could be rolled out to hundreds of trains across the country from the 2020s.
Posted on : 2018-09-19 18:58:22
Rise in Treasury yields weighs on Wall Street
U.S. stock markets were on course to dip at opening on Wednesday, as the focus shifted away from a trade spat with China to rising Treasury yields.
Posted on : 2018-09-19 18:36:33
'Pakistan always stands by Saudi Arabia,' Imran Khan tells Arabiya TV
Pakistan "always stands by Saudi Arabia," Prime Minister Imran Khan told Arabiya TV on Wednesday, during a visit to the kingdom.
Posted on : 2018-09-19 18:31:00
Amazon, Samara buy India's 'More' retail chain for $580 million: CNBC TV18
Amazon.com Inc and Indian private equity firm Samara Capital have bought Aditya Birla Group-owned 'More' retail chain for an enterprise value of 42 billion rupees ($580.35 million), CNBC TV18 reported on Wednesday, citing sources.
Posted on : 2018-09-19 18:18:25
Belgian union rejects Ryanair offer ahead of planned strike
The union representing Ryanair cabin crew in Belgium has rejected an offer from the Irish airline ahead of a planned one-day strike on Sept. 28, the union said on Wednesday.
Posted on : 2018-09-19 18:04:09
UK inflation unexpectedly leaps to 6-month high in August
British inflation jumped unexpectedly to a six-month high in August, pushed up by bigger-than-usual seasonal increases in sea and air fares and briefly sending sterling above $1.32 for the first time since July.
Posted on : 2018-09-19 18:03:32
Amazon, Samara buy India's 'More' retail chain: CNBC TV18
Amazon.com Inc and Indian private equity firm Samara Capital have bought Aditya Birla Group's 'More' retail chain for an enterprise value of 42 billion rupees ($580.35 million), CNBC TV18 reported on Wednesday, citing sources.
Posted on : 2018-09-19 17:56:36
German chemical industry warns against disruptive no-deal Brexit
The VCI association of German chemical companies such as BASF and Bayer warned that a no-deal Brexit would have "grave consequences" for European supply chains and called on Britain to move towards the European Union's position in divorce talks.
Posted on : 2018-09-19 17:48:53
May presses her Brexit plan with EU to avoid disorderly UK departure
Prime Minister Theresa May will press EU leaders on Wednesday to back her proposal for a "fair arrangement" on future ties between Britain and the bloc, call off "unacceptable" demands and show the goodwill needed to avoid a disorderly Brexit.
Posted on : 2018-09-19 17:33:35
Britain's Tesco takes on discount rivals with launch of Jack's
British supermarket group Tesco has laid down the gauntlet to German discounters Aldi and Lidl by launching what it said would be the cheapest store in town.
Posted on : 2018-09-19 17:32:06
UK rejects adult Novartis CAR-T therapy, after 'yes' in kids
Health authorities in England have rejected a pricey CAR-T cell therapy from Novartis for adults with blood cancer, two weeks after endorsing its use in children and young people.
Posted on : 2018-09-19 17:15:01
AutoNation starts search for a CEO as Jackson steps back
AutoNation Inc said on Wednesday it will begin a search for a new chief executive as longtime CEO Mike Jackson plans to move to an executive chairman role at the largest U.S. auto retail chain next year.
Posted on : 2018-09-19 17:09:13
Danske Bank boss quits over $234 billion money laundering scandal
Danske Bank's chief executive Thomas Borgen resigned on Wednesday after a investigation revealed payments totalling 200 billion euros ($234 billion) through its Estonian branch, many of which the bank said were suspicious.
Posted on : 2018-09-19 17:07:35
Banks, traders launch first commodities blockchain platform
Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a joint statement on Wednesday.
Posted on : 2018-09-19 17:06:38
Oil hovers near $80, supply concern expected to underpin prices
Oil eased on Wednesday, but held near its highest level this year, as concerns that producers may fail to cover a supply shortfall once U.S. sanctions on Iran come into force outweighed an increase in U.S. inventories.
Posted on : 2018-09-19 16:54:05
India's largest hotel chain OYO to expand into Britain
OYO Hotels, India's largest and fastest-growing hotel chain, aims to shake up Britain's budget accommodation market with a franchising and marketing strategy to sign up 300 independent hotels before 2020, its founder told Reuters on Wednesday.
Posted on : 2018-09-19 16:41:08
EU says McDonald's, Luxembourg tax deal not illegal
McDonald's tax deal with Luxembourg did not breach EU state aid rules, EU antitrust regulators ruled on Wednesday, saying the reason the U.S. fast food chain did not pay some taxes was due to the mismatch between U.S. and Luxembourg laws.
Posted on : 2018-09-19 16:22:54
Nifty, Sensex extend falls to near 8-week closing low; HDFC firms top drag
Indian shares gave up early gains to close lower on Wednesday, declining for a third straight session to their lowest close since late July, dragged by financials such as HDFC Bank Ltd and Housing Development Finance Corp as the rupee hovering near its record low spooked investors.
Posted on : 2018-09-19 16:12:15
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