Latest Business News

Global banks flag concerns over U.S. Senate tax proposal

Reuters - 2 hours 17 min ago
WASHINGTON (Reuters) - Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry.
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Key NAFTA talks open in Mexico amid complaint of U.S. inflexibility

Reuters - 3 hours 30 min ago
MEXICO CITY (Reuters) - A key round of talks to update the NAFTA trade pact formally opened on Friday, but within hours Canada was complaining about inflexibility by the United States, which is demanding big changes, a union leader said.
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Canada, Mexico try more flexibility as key NAFTA round opens

Reuters - 4 hours 59 min ago
MEXICO CITY (Reuters) - A key round of talks to update the NAFTA trade pact formally opened on Friday with Canada and Mexico seeking to show more flexibility about addressing hard line U.S. demands that they had previously dismissed as unworkable.
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U.S. dollar, Wall St. fall with tax overhaul in focus

Reuters - 5 hours 15 min ago
NEW YORK (Reuters) - The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law.
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After Moody’s, all eyes on S&P, Fitch Ratings

The Hindu - 6 hours 24 min ago
According to analysts, ratings agencies may wait till the country’s fiscal position improves
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U.S. dollar, Wall St fall as tax reform in focus

Reuters - 6 hours 27 min ago
NEW YORK (Reuters) - The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at U.S. tax reform.
Categories: Latest Business News

U.S. rejects Ford petition to delay recall of 3 million vehicles

Reuters - 6 hours 43 min ago
WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recall of about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.
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Wall St. set to end week on whimper as tax changes mulled

Reuters - 6 hours 51 min ago
NEW YORK (Reuters) - Wall Street was set to end the week on a muted note on Friday, with major indexes slipping modestly, as investors weighed the fate of the Republicans' tax cut plan.
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Economy gets Moody’s thumbs up

The Hindu - 7 hours 9 min ago
Agency upgrades sovereign rating, expects high growth to continue as a result of ongoing reforms
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Canada, Mexico show more flexibility as key NAFTA round opens

Reuters - 7 hours 56 min ago
MEXICO CITY (Reuters) - A key round of talks to update the NAFTA trade pact formally opened on Friday with Canada and Mexico showing more flexibility about addressing hardline U.S. demands that they had previously dismissed as unworkable.
Categories: Latest Business News

Exclusive - Vale delays sale of stake in New Caledonia nickel mine: sources

Reuters - 7 hours 58 min ago
NEW YORK/VANCOUVER (Reuters) - Vale SA has decided to postpone the sale of a stake in its New Caledonia nickel mine after the world's largest iron ore producer decided initial bids were too low, two people with knowledge of the matter said.
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Volkswagen accelerates push into electric cars with $40 bln spending plan

Reuters - Fri, 2017-11-17 23:52
WOLFSBURG/HAMBURG (Reuters) - Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars.
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Wall Street slips on worries over tax plan's progress

Reuters - Fri, 2017-11-17 23:28
(Reuters) - Wall Street indexes were under pressure on Friday as investors were skeptical about the Republicans' efforts to pass the tax bill.
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Stocks, rupee climb as Moody’s upgrade cheers investors

The Hindu - Fri, 2017-11-17 22:46
The benchmark stock barometers, which climbed more than 1% during morning trading, surrendered some gains later in the session in the face of profit booking.
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Moody's gives Modi a boost by raising India's sovereign rating

Reuters - Fri, 2017-11-17 22:45
MUMBAI/BENGALURU (Reuters) - Moody's Investors Service upgraded India's sovereign credit rating for the first time in nearly 14 years on Friday, saying continued progress on economic and institutional reforms would boost the country's growth potential.
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Warnings, downgrades weigh as European shares post another weekly fall

Reuters - Fri, 2017-11-17 22:33
MILAN (Reuters) - Disappointing earnings updates and a series of broker downgrades weighed on European shares on Friday, with regional indexes posting their second weekly fall in a row.
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‘Tax-making rules should be in the hands of poor nations’

The Hindu - Fri, 2017-11-17 22:33
Otherwise, SDGs will remain only a dream, says official
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‘Fiscal deficit may miss target; but consolidation commitment clear’

The Hindu - Fri, 2017-11-17 22:29
Stable outlook denotes we don’t expect a rating change in the foreseeable future
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India Inc. hails ratings upgrade

The Hindu - Fri, 2017-11-17 22:26
‘Indian economy poised for big leap’
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Emerging market inflows stall; flows to Mexico hit six-year low - IIF

Reuters - Fri, 2017-11-17 22:25
NEW YORK (Reuters) - The pace of fund flows to emerging markets has stalled in the fourth quarter, data from a bank lobbying institution shows, with fund flows to Mexico slumping to their lowest since 2011 and accounting for just 3.8 percent of investors' portfolios.
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