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Updated: 9 hours 4 min ago

Factbox: India's telecom sector on the ropes after $13 billion levy ruling

Thu, 11/28/2019 - 18:13
India's telecoms sector has been rocked by a Supreme Court ruling last month that sided with the government in a dispute over how levies are calculated, saddling the industry with a combined $13 billion in fresh debt.

World stocks stall as U.S.-China tensions flare again

Thu, 11/28/2019 - 18:07
A four-day rally that had lifted world stocks to near-record highs stalled on Thursday after China said it would retaliate for U.S. legislation backing Hong Kong's protesters, leaving investors concerned as to the extent of the Chinese response.

World stocks stall as U.S.-China tensions flare again

Thu, 11/28/2019 - 18:07
A four-day rally that had lifted world stocks to near-record highs stalled on Thursday after China said it would retaliate for U.S. legislation backing Hong Kong's protesters, leaving investors concerned as to the extent of the Chinese response.

India's Tata Power seeks global investors for renewable portfolio

Thu, 11/28/2019 - 18:00
India's Tata Power Company Ltd, the power generation arm of the salt-to-software Tata group, wants to sell a stake in its renewable energy portfolio to global investors, its chief executive Praveer Sinha told Reuters.

China reiterates its pledge to lower trade barriers, widen market access: Xinhua

Thu, 11/28/2019 - 17:30
China on Thursday reiterated its pledge to further widen market access for foreign capital and lower non-tariff trade barriers, as it aims to boost flagging trade amid a slowing economy and a trade war with the United States.

Carlyle Group set to make bumper profit from SBI Cards IPO

Thu, 11/28/2019 - 17:24
SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI), aims to raise roughly 90 billion rupees ($1.25 billion) in an initial public offering, according to a source familiar with the matter, in a deal set to make a bumper profit for U.S private equity firm Carlyle Group.

WeWork's ill-fated IPO shows market discipline - Oaktree's Marks

Wed, 11/27/2019 - 19:36
WeWork's failure to go public and this year's disappointing tech IPOs in the United States are a positive sign of market discipline and investor vigilance, Oaktree Capital's billionaire co-chairman Howard Marks said.

Hedge fund Elliott keeps up pressure on Capgemini for higher Altran offer

Wed, 11/27/2019 - 19:35
Activist hedge fund Elliott tried again to squeeze a higher offer from France's Capgemini for rival Altran, saying why it thought the offer undervalued the company in which the fund manager holds a stake.

Gold softens as trade deal signs boost equities, dollar

Wed, 11/27/2019 - 19:22
Gold prices dipped back towards the previous session's two-week low on Wednesday as increasing signs that an interim trade deal could soon be reached buoyed riskier assets and the U.S. dollar.

U.S. third-quarter GDP growth revised up to 2.1%

Wed, 11/27/2019 - 19:21
U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, amid a stronger pace of inventory accumulation and a less steep decline in business investment.

Deere warns of lower profits in 2020 on lingering trade tensions

Wed, 11/27/2019 - 19:17
Deere & Co. on Wednesday warned of lower earnings in the fiscal year 2020 after reporting a fall in quarterly profits, hurt by trade tensions as well as poor weather in the U.S. farm belt that have slowed equipment purchases by farmers.

From Madison Square Garden to Alibaba, Silver Lake's $43 billion empire

Wed, 11/27/2019 - 19:12
U.S. private equity firm Silver Lake has bought a 10% stake in Manchester City's Abu Dhabi-controlled owner, adding to its $43 billion worth of investments which include the world's best-known sports venues and teams as well as technology companies.

Global stocks nearing record highs on trade hopes

Wed, 11/27/2019 - 19:08
World shares made another push for an all-time high on Wednesday after U.S. President Donald Trump said Washington and Beijing were in the final throes of inking an initial trade deal.

Modi's loss in Maharashtra election raises questions about bullet train

Wed, 11/27/2019 - 18:56
India's richest state is set to be ruled by parties opposed to Prime Minister Narendra Modi's nationalist Bharatiya Janata Party, jeopardising a Japanese-backed bullet-train project opposed by farmers.

Global Markets: Stocks nearing record highs on trade hopes

Wed, 11/27/2019 - 18:30
World shares made another push for an all-time high on Wednesday after U.S. President Donald Trump said Washington and Beijing were in the final throes of inking an initial trade deal.

BMW management and labour reach agreement to cut costs

Wed, 11/27/2019 - 18:18
BMW management and labour have reached an agreement on measures to reduce costs that avoids "drastic measures", the German carmaker said on Wednesday.

Dollar boosted by trade deal optimism, Swedish crown hits 4-month high

Wed, 11/27/2019 - 18:16
The dollar pushed higher on Wednesday and flirted with the $1.10 level against the euro, boosted by yet more talk of a deal to resolve the U.S.-China trade dispute, while volatility in major currencies remained severely suppressed.

Xiaomi growth slows in third-quarter as China smartphone demand wanes

Wed, 11/27/2019 - 18:09
Chinese smartphone maker Xiaomi Corp posted its slowest-ever quarterly revenue growth as the country's smartphone market grapples with a protracted lull in sales and larger rival Huawei increases its share of the market.

Deutsche Bank sells $50 billion in assets to Goldman Sachs amid overhaul: source

Wed, 11/27/2019 - 17:46
Deutsche Bank has sold $50 billion (45 billion euros) in unwanted assets to Goldman Sachs as part of its restructuring, a person with knowledge of the matter said on Wednesday, confirming a Bloomberg report.

Pfizer, Novartis lead pharma spending spree on gene therapy production

Wed, 11/27/2019 - 17:44
Eleven drugmakers led by Pfizer and Novartis have set aside a combined $2 billion to invest in gene therapy manufacturing since 2018, according to a Reuters analysis, in a drive to better control production of the world's priciest medicines.

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