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Updated: 10 hours 51 min ago

India tightens rules on loan default disclosure for public firms

Wed, 11/20/2019 - 19:07
India's publicly listed firms must disclose any failure to repay loans within 24 hours in cases where 30 days have passed since the default, its securities regulator said on Wednesday, tightening rules at a time when bond defaults have soared.

RBI to begin bankruptcy proceedings against shadow lender DHFL

Wed, 11/20/2019 - 19:07
India's central bank said on Wednesday it would initiate bankruptcy proceedings against Dewan Housing Finance Ltd (DHFL), as it seeks to address governance concerns and defaults at what was once one of the country's biggest shadow lenders.

Sino-U.S. spat over Hong Kong knocks world shares off 22-month high

Wed, 11/20/2019 - 18:47
World stocks were knocked off 22-month highs on Wednesday as a flare-up in Sino-U.S. tensions and the creeping return of U.S. recession fears fuelled a bid for bonds and other "safe" assets such as gold.

Alibaba raises up to $12.9 billion in landmark Hong Kong listing

Wed, 11/20/2019 - 18:42
Chinese e-commerce giant Alibaba Group raised up to $12.9 billion (£10 billion) in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.

Dollar gains as trade tensions fuel demand; Fed minutes due

Wed, 11/20/2019 - 18:33
The dollar edged higher on Wednesday as worsening U.S.-China relations fuelled demand for the greenback before the release of minutes from the Federal Reserve's October policy meeting where it raised interest rates for the third time this year.

Aston Martin gets in touch with its feminine side for first SUV

Wed, 11/20/2019 - 18:21
James Bond's carmaker of choice Aston Martin took a first step into the lucrative SUV market on Wednesday with an eye on winning female customers, hoping it can dig itself out of a financial black hole.

Oil prices rise on Middle East tensions but trade tensions weigh

Wed, 11/20/2019 - 18:14
Oil edged higher on Wednesday as Iran-related tensions escalated but receding hopes for a quick solution to the U.S.-China trade war which has dented global growth dragged on prices.

Saudi Aramco to meet investors in Dubai and Abu Dhabi - sources

Wed, 11/20/2019 - 18:13
Saudi Aramco plans meetings with investors in Dubai next week, sources said, in which it is seeking to raise up to $25.6 billion in the world's biggest share sale.

China's Pinduoduo posts bigger loss as costs surge; shares tumble

Wed, 11/20/2019 - 18:12
China's Pinduoduo Inc reported a bigger-than-expected quarterly loss on Wednesday due to higher operating expenses, sending the e-commerce company's shares down 13% before the opening bell.

Loss-making Norwegian Air appoints new CEO to lead restructuring

Wed, 11/20/2019 - 18:11
Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier's ongoing restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.

Shell UK gender pay gap widens slightly in 2019

Wed, 11/20/2019 - 18:10
Royal Dutch Shell's gender pay gap in Britain edged higher in 2019 following the acquisition of a utility company, with women earning on average 18.7% less than men.

Malaysia in talks with several partners to produce palm oil-based biojet fuel - industry body

Wed, 11/20/2019 - 18:09
Malaysia aims to start producing palm oil-based biojet fuel within five years and is in talks with several potential partners about setting up a plant, the head of the industry's marketing board said on Wednesday.

Apple starts construction of new campus in Texas

Wed, 11/20/2019 - 18:08
Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops.

Asia's food sector needs $800 billion investment over 10 years - report

Wed, 11/20/2019 - 18:06
Asia's food and agriculture industry needs investment of $800 billion over the next 10 years to meet the region's growing food demand, a jointly produced report showed on Wednesday.

Gold gains as souring U.S.-China relations hit risk appetite

Wed, 11/20/2019 - 18:04
Gold prices rose to their highest levels in nearly two weeks on Wednesday as U.S. Senate action on Hong Kong created a potential obstacle to a trade deal between the United States and China, denting appeal for riskier assets.

Target raises full-year forecast ahead of holiday season; shares surge

Wed, 11/20/2019 - 17:35
Target Corp raised its full-year profit forecast after posting better-than-expected quarterly results on Wednesday, signaling a strong holiday season for the big-box retailer as it benefits from same-day delivery services and revamped stores.

Singapore proposes to regulate bitcoin futures

Wed, 11/20/2019 - 16:49
Singapore's central bank plans to bring bitcoin and other similar cryptocurrency futures traded on approved exchanges under its regulation in response to interest from international institutional investors, it said on Wednesday.

Junk loan market tensions signal end of buyout-led binge

Wed, 11/20/2019 - 16:37
Many investors are shunning the riskiest corners of the junk-rated U.S. corporate loan market because of concerns about possible credit rating downgrades, putting the brakes on a run of leveraged buyouts and debt-funded dividends.

British watchdog fines Henderson $2.45 million over unfair fees

Wed, 11/20/2019 - 16:36
Britain's financial markets regulator has fined Henderson Investment Funds (HIFL), now part of Janus Henderson, 1.9 million pounds ($2.45 million) for not treating more than 4,500 retail investors fairly.

China trims new benchmark lending rate again to shore up sputtering economy

Wed, 11/20/2019 - 16:33
China lowered its lending benchmark rate on Wednesday, as widely expected, to reduce company funding costs and shore up an economy hurt by slowing demand and U.S. trade tariffs.

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