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Vivendi's music unit UMG has a value of more than $40 billion, CEO says
BARCELONA (Reuters) - Vivendi deems that its music unit has a value of more than $40 billion, driven by the success of music streaming platforms such as Spotify, chief executive Arnaud de Puyfontaine said on Friday.
Posted on : 2017-11-17 18:00:21
NHPC keen on $2.5 billion Nepal power project after Chinese deal scrapped
NEW DELHI (Reuters) - Indian state power company NHPC Ltd is interested in bidding for a $2.5 billion power project in Nepal, its chairman told Reuters, after Kathmandu cancelled a deal with China Gezhouba Group Corp.
Posted on : 2017-11-17 17:30:28
Flat tyre? China bike sharing boom shows signs of strain
SHANGHAI (Reuters) - China's bike sharing bubble is showing signs of strain, after the country's third largest firm said it was going under.
Posted on : 2017-11-17 16:55:45
State oil firms betting on natural gas as next big thing
MUMBAI/NEW DELHI (Reuters) - India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix.
Posted on : 2017-11-17 16:36:01
World stocks claw back losses but set for second weekly fall
LONDON (Reuters) - World stocks continued to claw back losses on Friday after spending much of the week in the red, boosted by signs of progress in U.S. tax reform and strong corporate results.
Posted on : 2017-11-17 16:28:36
Nissan cites staff shortage for improper tests, plans more inspectors
YOKOHAMA (Reuters) - Nissan Motor Co Ltd on Friday blamed a lack of trained staff for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of inspectors as part of a plan to improve compliance.
Posted on : 2017-11-17 16:07:40
Sensex ends higher as Moody's upgrade cheers
(Reuters) - Sensex ended higher on Friday after climbing more than 1 percent during the session, after Moody's Investors Service upgraded India's sovereign bond rating for the first time in nearly 14 years.
Posted on : 2017-11-17 16:03:50
Aircel delays debt servicing, says ratings agency
MUMBAI (Reuters) - Indian mobile carrier Aircel Ltd has delayed servicing its debt obligations, a ratings agency said, adding to the woes of the country's telecoms sector that has been rattled by a price war and high debt levels.
Posted on : 2017-11-17 16:02:15
Jaguar Land Rover tests first driverless vehicle on public roads
LONDON (Reuters) - Britain's biggest automaker, Jaguar Land Rover (JLR), has tested its first driverless car on public roads, it said on Friday, as carmakers race against each other and tech firms to tap into new technologies.
Posted on : 2017-11-17 15:59:23
Emerging stocks track U.S. gains, India shines
LONDON (Reuters) - Earnings-driven gains on Wall Street pushed emerging stock markets higher on Friday, with Indian assets racing ahead following a ratings upgrade.
Posted on : 2017-11-17 15:49:18
Japanese regulators raid Airbnb over suspected antitrust practices
TOKYO (Reuters) - Japanese fair trade regulators raided last month the offices of Airbnb Inc over suspected violations of antitrust laws, the home rental site said on Friday, denying any wrongdoing.
Posted on : 2017-11-17 15:27:40
Fitch lowers Noble Group Rating, says default appears probable
HONG KONG (Reuters) - Fitch Ratings cut commodity trader Noble Group's debt rating on Friday to two notches above default, citing the company's commencement of discussions on a debt restructuring.
Posted on : 2017-11-17 15:24:47
Global fund managers have antipodal views on China, are emerging market fans
SINGAPORE (Reuters) - China is off limits for some of the world's big investment managers because of its corporate governance and policy issues while for others, the technological advances in the world's second biggest economy offer unbeatable opportunities.
Posted on : 2017-11-17 15:23:34
Volkswagen board discusses 70 billion euro spending plan - source
FRANKFURT (Reuters) - Volkswagen's supervisory board is discussing a five-year spending plan totaling more than 70 billion euros ($82.5 billion) to transform the group into a leader in electric cars, a person familiar with the talks told Reuters.
Posted on : 2017-11-17 15:21:38
India gold prices flip to discount as wedding demand underwhelms
MUMBAI/BENGALURU (Reuters) - Gold prices in India traded at a discount for the first time in six weeks as the key wedding season failed to spur fresh demand, while high prices curbed appetite for the precious metal in major Asian centres except China.
Posted on : 2017-11-17 15:19:17
Confidence in euro zone expansion strong among economists: Reuters poll
BENGALURU (Reuters) - The euro zone economy will mark its best year in a decade and maintain solid growth well into 2018, according to economists in a Reuters poll who said the risk was that their forecasts might not be optimistic enough.
Posted on : 2017-11-17 14:24:50
HDFC Life shares buck trend, soar on debut after $1.3 billion IPO
MUMBAI (Reuters) - HDFC Standard Life Insurance Co's shares soared by more than a fifth in their trading debut on Friday after a $1.3 billion initial public offering, bucking a trend of tepid market debuts by Indian insurers due to worries over their valuations.
Posted on : 2017-11-17 14:24:36
Nissan blames staff shortage for improper tests, plans more inspectors
YOKOHAMA (Reuters) - Nissan Motor Co Ltd on Friday blamed a staff shortage for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of trained staff as part of a plan to improve compliance.
Posted on : 2017-11-17 14:21:30
BOJ stimulus exit made hard by Abe's election win - former policymaker
TOKYO (Reuters) - Premier Shinzo Abe's victory in last month's election may make it difficult for the Bank of Japan to dial back its radical stimulus next year despite the rising cost of prolonged monetary easing, former BOJ board member Sayuri Shirai said on Friday.
Posted on : 2017-11-17 14:07:30
Aircel delays debt repayments: CARE
MUMBAI (Reuters) - Telecom operator Aircel Ltd has delayed payment of interest on its debt obligations, ratings agency CARE said and downgraded its rating on the company's bank facilities to default.
Posted on : 2017-11-17 13:48:14
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