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Updated: 9 hours 55 min ago

U.S., China to relaunch talks with little changed since deal fell apart

Tue, 07/09/2019 - 15:41
The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed.

PepsiCo quarterly revenue beats estimates

Tue, 07/09/2019 - 15:39
PepsiCo Inc beat analysts' estimates for quarterly revenue on Tuesday, as the beverage and snack maker benefited from adding healthier snacks, sparkling waters and juices to cater to consumers looking beyond sodas and chips.

World stocks drop for third day, BASF warning stings Europe

Tue, 07/09/2019 - 15:10
World stocks fell for a third straight day on Tuesday, as a stinging warning came from German chemicals giant BASF about the effects of the global trade war and traders hedged bets on a hefty U.S. interest rate cut later this month.

Potential IPO candidate BioNTech secures $325 million in financing round

Tue, 07/09/2019 - 15:09
German biotech firm BioNTech has secured $325 million in a private financing round to boost its cancer immunotherapies pipeline, the company said on Tuesday.

India to clarify whether tax surcharge applies to FPIs, if required: government official

Tue, 07/09/2019 - 15:07
India will clarify whether a tax surcharge aimed at the rich will apply to foreign portfolio investors, but only if required, Chairman of the Central Board of Direct Taxes, P.C. Mody, said on Tuesday.

Japan, South Korea step up trade dispute

Tue, 07/09/2019 - 14:22
Japan and South Korea ratcheted up tension on Tuesday in a diplomatic dispute that threatens to disrupt global supply of smartphones and chips, with Seoul denouncing Japanese media reports that it transferred a key chemical to North Korea.

French court clears Orange CEO Richard of wrongdoing in fraud trial

Tue, 07/09/2019 - 14:17
A French court on Tuesday cleared Orange chief executive Stephane Richard of any wrongdoing in a fraud trial, clearing the way for him to remain at the helm of the country's biggest telecom operator.

Nine companies set prices for listings on China's Nasdaq-style tech board

Tue, 07/09/2019 - 14:08
Nine Chinese companies, among the first to float on China's red-hot Nasdaq-style tech board, announced prices of their new share offers on Tuesday, taking advantage of investor fervour to market themselves at valuations some view as lofty.

Money flows into Asian equities in June on trade optimism, hopes of U.S. rate cuts

Tue, 07/09/2019 - 13:13
Foreign investors turned net buyers of Asian stocks in June as optimism ahead of a meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping, along with expectations of U.S. interest rate cuts bolstered sentiment.

Temasek portfolio rises at slowest pace in three years, cautious on outlook

Tue, 07/09/2019 - 12:58
Singapore's Temasek Holdings reported the smallest rise in its portfolio value in three years as declines in key bank stock holdings weighed, and the state investor said it had tempered its pace of investments.

Hero MotoCorp names Rajat Bhargava as head of EV business

Tue, 07/09/2019 - 12:31
Hero MotoCorp Ltd on Tuesday said it had appointed Rajat Bhargava as head of its newly created 'Emerging Mobility' unit as India's biggest motorcycle manufacturer looks to claim a slice of the country's electric vehicle (EV) market.

Ocado's earnings dented by robotic warehouse fire

Tue, 07/09/2019 - 12:19
Britain's Ocado, the online supermarket and technology company, reported a 46% fall in first-half core earnings, reflecting the impact of a fire at a flagship robotic warehouse as well as accounting changes and the cost of share schemes.

Richard Branson's Virgin Galactic plans to go public - source

Tue, 07/09/2019 - 11:28
Richard Branson's space-tourism venture, Virgin Galactic, plans to go public as part of a deal with a special purpose acquisition company (SPAC) created by Social Capital LP Chief Executive Officer Chamath Palihapitiya, a person familiar with the matter said.

India's sugar output to fall on lower monsoon rains: industry official

Tue, 07/09/2019 - 11:24
India's sugar production could fall by 18% in 2019/20 as last year's drought forced farmers to curtail their sugar cane plantings while lower monsoon rains this year are limiting the crop's growth, a senior industry official said.

Right time for India to raise funds through sovereign bonds: chief economic adviser

Tue, 07/09/2019 - 10:44
This is a right opportunity for India to raise funds through overseas sovereign bonds at a much cheaper rate compared with those in the domestic market, chief economic adviser said on Tuesday.

India's latest Google probe sparked by junior antitrust researchers

Mon, 07/08/2019 - 16:24
Two junior Indian antitrust research associates and a law school student were behind a complaint that sparked a probe into Google's alleged anti-competitive practices in the country, in what has become another regulatory challenge for the U.S. firm.

Huawei outlines investment plans in Poland depending on 5G role

Mon, 07/08/2019 - 16:17
Huawei aims to spend 3 billion zlotys ($793 million) in Poland in the next five years, although whether the Chinese firm has a role in the 5G rollout may affect the scale of investment, an official at the group's Polish unit said.

Deutsche Bank capital-boosting debt dips on restructuring fears

Mon, 07/08/2019 - 16:17
Deutsche Bank's capital-boosting Additional Tier I (AT1) debt issues fell on Monday on worries over future challenges Germany's biggest lender may face in a planned overhaul.

China June new loans seen at five-month high as central bank keeps liquidity ample

Mon, 07/08/2019 - 16:15
New bank loans in China are expected to have picked up to a five-month high in June, a Reuters poll showed, as Beijing kept ample liquidity in the financial system to support the slowing economy and offset growing U.S. trade pressure.

Nexon founder scraps what would be biggest gaming deal - source

Mon, 07/08/2019 - 16:14
Nexon Co founder, Jungju Kim, is no longer planning to sell a majority stake in the parent of the firm, a person with direct knowledge of the matter said, scrapping what could have been the top gaming deal worldwide at potentially $16 billion.