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Updated: 22 hours 16 min ago

Pakistan to launch 200 billion rupee Islamic Sukuk to ease power sector debt

Tue, 01/29/2019 - 11:06
Pakistan has approved the launch of a 200 billion rupee ($1.44 billion) Islamic Sukuk to help pay off arrears building up in its troubled power sector, state-run Radio Pakistan said on its website on Tuesday.

Focus: Oil major Total plans biggest exploration drive in years

Tue, 01/29/2019 - 10:47
Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favour of areas known to contain commercial levels of oil or gas.

Huawei lawyer says CFO Meng a "hostage" after U.S. presses charges

Tue, 01/29/2019 - 10:28
Huawei's CFO "should not be a hostage" in Sino-U.S. relations, her lawyer said on Tuesday, after the United States announced criminal charges against herself and the Chinese firm just days before crunch trade talks with Beijing.

Investors look to ratings agencies to punish aggressive loan documents

Mon, 01/28/2019 - 13:21
LONDON (LPC) - Investors are calling on ratings agencies to downgrade leveraged loans with overly aggressive documentation, as weak lender protection continues to cause concern.

Madrid taxis block major road in biggest anti-Uber protest yet

Mon, 01/28/2019 - 13:00
Hundreds of taxis blocked a central traffic artery in Madrid during Monday's morning rush hour, in their biggest show of strength yet as a protest seeking tighter regulation of Uber and other ride-hailing services entered its second week.

Oil falls as U.S. adds rigs; still set for best January in 14 years

Mon, 01/28/2019 - 12:53
Oil fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still on course for its strongest gain in the month of January for 14 years.

New dam disaster puts Vale CEO, deals and dividends under scrutiny

Mon, 01/28/2019 - 12:52
When Fabio Schvartsman took the reins of Vale SA in 2017, he suggested a motto for the world's largest iron miner, turning the page on a tailings dam disaster that hit a small Brazilian town two years before: "Mariana, never again."

Sensex, Nifty end 1 percent lower, financials top drag

Mon, 01/28/2019 - 12:42
Indian shares ended more than 1 percent lower on Monday, dented by financials such as ICICI Bank and Yes Bank Ltd, with exposure to Infrastructure Leasing & Financial Services (IL&FS) group companies still hurting.

Euro zone lending growth defies gloom, M3 jumps in Dec: ECB

Mon, 01/28/2019 - 12:20
Euro zone lending growth held steady last month while a broader indicator of money circulating in the economy surged, data showed on Monday, defying multiplying signs of gloom in the 19-member currency bloc.

Tata Power quarterly profit dives nearly 79 percent

Mon, 01/28/2019 - 12:16
India's Tata Power Co Ltd's quarterly profit plunged nearly 79 percent, well below market expectations, dented by higher expenses.

Tencent-backed Maoyan prices HK IPO at lower end, raises $250 million

Mon, 01/28/2019 - 12:13
Maoyan Entertainment, China's top movie-ticketing platform by sales that is backed by Tencent, priced its Hong Kong IPO at the bottom of an indicative range to raise $250 million, according to a term sheet seen by Reuters.

Saudi government to spend 100 billion riyals on industry plan

Mon, 01/28/2019 - 12:11
The Saudi Arabian government will spend 100 billion riyals ($27 billion) in 2019 and 2020 as part of its industrial development programme, Aabed Abdullah al-Saadoun, deputy minister of Energy, Industry and Mineral Resources said on Monday.

Nissan says it's target of SEC inquiry after report of probe on executive pay

Mon, 01/28/2019 - 12:08
Nissan Motor Co Ltd said on Monday it was the target of a U.S. Securities and Exchange Commission (SEC) inquiry, widening a scandal involving the Japanese firm and its ousted Chairman Carlos Ghosn over his alleged financial misconduct.

World markets slip on China worries; dollar steady ahead of trade talks

Mon, 01/28/2019 - 12:06
World shares fell into the red on Monday, with equities markets from Asia to Europe buffeted as Chinese industrial profits fell and investors stayed cautious ahead of a busy week including Sino-U.S. trade talks and the Federal Reserve's policy meeting.

Rusal shares soar, aluminium falls as U.S. lifts sanctions

Mon, 01/28/2019 - 11:35
U.S. President Donald Trump's administration on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminium giant Rusal and its parent En+, despite a Democrat-led push to maintain them.

Aramco amps up in South Korea with $1.6 billion bet on refiner Hyundai Oilbank

Mon, 01/28/2019 - 10:41
State-owned Saudi Aramco plans to invest up to $1.6 billion for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil.

Sri Lanka's central bank chief sees investor sentiment stabilising

Mon, 01/28/2019 - 10:09
Investor confidence in Sri Lanka is stabilising after the country repaid a $1 billion sovereign bond in mid-January, Central Bank of Sri Lanka Governor Indrajit Coomaraswamy told Reuters on Monday.

Canara Bank December-quarter profit soars 152 percent

Mon, 01/28/2019 - 10:01
India's Canara Bank Ltd reported a 152.5 percent surge in quarterly net profit on Monday, buoyed by higher interest income and a write-back of provisions made for mark-to-market losses.

Crude awakening: Chinese oil demand rebounds as independent refiners restock

Mon, 01/28/2019 - 09:59
Chinese demand for crude oil is rebounding as independent refiners push to buy before prices climb further from low levels hit late last year, restocking with supplies that will arrive in March and April, trade sources said.

Jet Airways seeks shareholder nod on capital boost

Mon, 01/28/2019 - 09:59
Jet Airways said on Monday it would seek shareholder approval to issue new equity and convert existing debt into equity among other things at a special meeting on Feb. 21, as the beleaguered airline attempts to stay afloat.