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Updated: 10 hours 55 min ago

India's bankruptcy code set to face huge test in DHFL case

Thu, 11/21/2019 - 19:30
India's bankruptcy-resolution process has just begun to find its feet with recent precedent-setting court rulings, but bankers, lawyers and insolvency experts say the system is about to face a huge test.

Japan's ruling bloc calls for $92 billion fiscal package to support growth

Thu, 11/21/2019 - 19:07
Japan's ruling coalition has called for an extra budget including $92 billion in spending to revive slowing growth, party officials said on Thursday, raising concerns among analysts about the strain this would put on the already heavily indebted economy.

India rice export prices slide to multi-year low on supply influx

Thu, 11/21/2019 - 18:56
Indian rice export prices fell to their lowest in nearly three years this week as fresh supplies from the summer-sown crop loom large, with subdued global demand also crimping exports from other major centres.

Risk on, risk off, repeat! U.S.-China trade deal faces HK hurdle

Thu, 11/21/2019 - 17:54
Stocks slid further on Thursday as the standoff between the world's two largest economies expanded beyond trade, reducing the odds of a "phase-one" deal this year and forcing investors to shed risky assets.

British Airways says technical issues delay some flights

Thu, 11/21/2019 - 17:08
British Airways said some flights were delayed on Thursday due to an unspecified technical issue which forced it to cancel some flights a day earlier.

Exclusive: German exports to United States jump despite trade tensions

Thu, 11/21/2019 - 17:01
Strong German exports to the United States helped Europe's largest economy to avoid a recession in the third quarter, data showed on Thursday, as companies benefitted from a weaker euro and trade diversion linked to the U.S.-China tariff dispute.

China says it will strive to reach 'phase one' trade deal with U.S.

Thu, 11/21/2019 - 16:57
China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unravelling.

India, U.S. in talks to resolve trade issues: Raveesh Kumar

Thu, 11/21/2019 - 16:35
India and the United States are in talks to resolve trade issues and both New Delhi and Washington hope to find an early solution, an Indian foreign ministry spokesman said on Thursday.

Fiat Chrysler to recall nearly 700,000 SUVs for electrical fault risk

Thu, 11/21/2019 - 16:26
Fiat Chrysler Automobiles NV said on Thursday it will recall nearly 700,000 sport utility vehicles worldwide because a faulty electrical connection could prevent engine starts or contribute to a stall.

Sensex, Nifty end lower; BPCL top loser

Thu, 11/21/2019 - 16:15
Indian shares ended lower on Thursday, dragged down by public sector stocks, as investors booked profits after the Nifty 50 index hit multi-month high in the previous session.

Jaguar Land Rover chief wants alliances, not a merger

Thu, 11/21/2019 - 15:44
Luxury automaker Jaguar Land Rover's chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger.

Japan's Sony in talks to buy stake in India's Network18 Media - Bloomberg

Thu, 11/21/2019 - 14:56
Japan's Sony Corp is in talks to buy a stake in India's Network18 Media & Investments Ltd, Bloomberg reported on Thursday, sending shares in billionaire Mukesh Ambani's TV business 18% higher.

Pressure grows on Westpac CEO after massive Australian money laundering scandal

Thu, 11/21/2019 - 14:51
Pressure mounted on the chief executive of Westpac Banking Corp on Thursday over the handling of Australia's biggest money laundering scandal, with the prime minister saying the bank's board should reflect deeply on Brian Hartzer's position.

UK competition watchdog to assess Hasbro-Entertainment One deal

Thu, 11/21/2019 - 14:44
Britain's competition watchdog said on Thursday it would assess U.S. toy maker Hasbro Inc's proposed $4 billion deal to buy Peppa Pig owner Entertainment One Ltd, and was inviting comments on the acquisition until Dec. 5.

Stocks stumble as HK bill poses hurdle in U.S.-China trade deal

Thu, 11/21/2019 - 14:39
Global stocks slid further on Thursday as the standoff between the world's two largest economies extended beyond trade, reducing the odds of a "phase-one" deal this year and forcing investors to seek shelter in safe-haven assets.

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks

Thu, 11/21/2019 - 14:37
A late-year rush of giant global share sales led by Alibaba's $13 billion (£10 billion) Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities bankers.

Fiat Chrysler says Peugeot talks progressing despite GM lawsuit

Thu, 11/21/2019 - 14:35
Fiat Chrysler (FCA) said on Thursday talks with Peugeot owner PSA Group to create a $50 billion carmaking group were going well, despite FCA being sued for "substantial damages" by General Motors late on Wednesday.

BMW orders more than 10 billion euros' worth of battery cells

Thu, 11/21/2019 - 12:57
German carmaker BMW on Thursday said it had ordered more than 10 billion euros' ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) and Samsung SDI.

Oil drops amid new concern over prospects for U.S.-China trade deal

Thu, 11/21/2019 - 12:56
Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fuelled concern that a long hoped-for deal to end a trade war between the world's top two economies may be further delayed.

Gold steady on concerns of delay in U.S.-China trade deal

Thu, 11/21/2019 - 12:55
Gold prices held steady on Thursday, supported by concerns that U.S. legislation on Hong Kong could increase tensions between the United States and China and delay an interim trade deal.