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Updated: 11 hours 59 min ago

Thyssenkrupp supervisory board leaves room for elevator sale: sources

Wed, 05/22/2019 - 13:39
Thyssenkrupp's supervisory board has left the door open for a potential sale of the group's elevator unit, which CEO Guido Kerkhoff prefers should be listed on the stock exchange, two people familiar with the matter said.

Nifty, Sensex end higher ahead of election results

Wed, 05/22/2019 - 13:34
Indian shares ended higher on Wednesday, helped by a gain in financials, as investor sentiment remained buoyant a day before the counting of votes in the general election which began on April 11.

China's MMG says Las Bambas copper operations not disrupted, talks ongoing

Wed, 05/22/2019 - 13:32
Chinese miner MMG Ltd's operations at its Las Bambas mine, one of Peru's largest copper producers, have not been disrupted and talks with an indigenous Peruvian community are ongoing, the miner said on Wednesday.

British Steel goes into liquidation after failing to secure loan

Wed, 05/22/2019 - 13:31
British Steel, the country's second largest steel producer, has collapsed after failing to secure emergency government funding, jeopardising some 25,000 jobs, Britain's Official Receiver said on Wednesday.

NDA promises to boost India's economy; Congress calls exit polls fake

Wed, 05/22/2019 - 13:29
India's ruling coalition has promised to rev up growth, double farmers' income and boost infrastructure spending in the next five years after exit polls showed it would retain power when general election votes are counted on Thursday.

UK chip designer ARM to suspend business with Huawei: BBC

Wed, 05/22/2019 - 13:19
Major British-based chip designer ARM is suspending business with China's Huawei to comply with U.S. regulations, the BBC reported on Wednesday, citing internal company documents.

M&S shows pain of turnaround plan with 10% profit fall

Wed, 05/22/2019 - 13:18
Marks & Spencer asked to be judged on how it is changing as much as its financial results on Wednesday, as the British retailer reported a third straight drop in annual profits.

Pound set for biggest losing streak vs euro as Brexit plan disintegrates

Wed, 05/22/2019 - 13:17
Sterling fell broadly on Wednesday and was on track for its biggest ever losing streak against the euro as Prime Minister Theresa May's last-ditch Brexit plan failed to win over either opposition lawmakers or many in her own party.

U.S. judge rules Qualcomm practices violate antitrust law

Wed, 05/22/2019 - 13:14
Qualcomm Inc unlawfully suppressed competition in the market for cellphone chips and used its dominant position to exact excessive licensing fees, a federal judge ruled on Tuesday.

Trump, House Democrats square off in U.S. court over Deutsche Bank documents

Wed, 05/22/2019 - 13:07
Lawyers for U.S. President Donald Trump, three of his children and the Trump Organization will demand in court on Wednesday that a judge stop Deutsche Bank AG and Capital One Financial Corp from providing financial records to Democratic lawmakers investigating Trump's businesses.

British Steel enters into insolvency, EY appointed by official receiver: Sky News

Wed, 05/22/2019 - 12:45
EY has been appointed as special manager by the official receiver as British Steel plunges into insolvency after failing to secure an emergency government loan, Sky News reported on Wednesday.

UK inflation rises in April by less than Bank of England expected

Wed, 05/22/2019 - 12:39
British inflation rose last month by less than the Bank of England and investors had expected, but still hit its highest level this year, pushed up by a rise in energy bills.

Global Markets: Investors run for safety amid threat of broader U.S.-China spat

Wed, 05/22/2019 - 12:38
Global stocks were slightly lower on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc in muted trade amid renewed worries over the U.S.-China spat after reports Washington has another Chinese tech firm in its sights.

Nifty, Sensex to climb a bit more if Modi wins decisively: Reuters poll

Wed, 05/22/2019 - 12:30
Indian shares will reach a new record high by end-year, a Reuters poll of strategists showed, building on an election-driven rally in which investors have bet the ruling party will retain power and continue current economic policies.

Oil prices drop on swelling U.S. stockpiles, trade war

Wed, 05/22/2019 - 12:26
Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States.

DHFL shares fall on deposit curbs after downgrade

Wed, 05/22/2019 - 11:51
Shares of Dewan Housing Finance Corp Ltd (DHFL), one of India's biggest home loan lenders, fell as much as 18% on Wednesday, after it stopped taking new deposits and blocked premature withdrawals following a credit rating downgrade.

China's big three airlines seek Boeing compensation over 737 MAX grounding

Wed, 05/22/2019 - 11:48
China's three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft.

After Huawei, U.S. could blacklist Chinese surveillance tech firm: media

Wed, 05/22/2019 - 11:46
The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world's top two economies could be further inflamed.

Wirecard teams up with India to issue PAN cards

Wed, 05/22/2019 - 11:43
German payments company Wirecard said on Wednesday it would work with India to simplify the process of issuing tax identity cards required to open bank accounts, transfer money or complete business transactions.

CCI probe finds Monsanto abused dominant position: sources

Wed, 05/22/2019 - 11:38
A probe by the investigations unit of India's antitrust body has found that Monsanto abused its dominant position as a supplier of genetically modified (GM) cotton seeds in the country, three sources with direct knowledge of the matter told Reuters.