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Updated: 13 hours 2 min ago

Sugar output in Maharashtra to plunge, says government official

Mon, 06/10/2019 - 20:59
Sugar production in Maharashtra, country's second-biggest producer state, is likely to fall by 39.2% year on year in 2019/20 to 6.5 million tonnes because of a drought-hit cane crop, a senior government said Monday.

Oil steady in volatile trade amid uncertainty on supply cuts, U.S.-China tariffs

Mon, 06/10/2019 - 20:51
Oil prices were steady in volatile trading on Monday as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and U.S.-China trade tensions continued to threaten demand for crude.

Defying law, Indian farm group says it planted unapproved GM cotton seeds

Mon, 06/10/2019 - 20:50
An Indian farm group said its members had planted a variety of genetically modified cotton seeds which have not been approved by the country's government, an offence that could result in five years imprisonment.

Global stocks climb on trade, rate cut optimism; yuan falters

Mon, 06/10/2019 - 20:45
European shares followed Asian stocks higher on Monday after the United States shelved plans to impose tariffs on Mexico and as investors anticipated lower U.S. interest rates when the Federal Reserve meets next week on the back of poor jobs data.

Britain's not paying Brexit bill would not be a default, S&P, Fitch say

Mon, 06/10/2019 - 20:36
Britain's withholding of 39 billion pounds ($50 billion) it promised the European Union as part of its original Brexit plan would not constitute a sovereign default, the top credit-rating agencies say, though lawyers warn it would be highly damaging.

Wall Street rallies after Trump calls off Mexico tariffs

Mon, 06/10/2019 - 20:34
Wall Street's main indexes climbed on Monday, as investors were relieved after the United States abandoned its plans to impose tariffs on Mexican goods.

Thermo Fisher scraps Roper deal after U.K. antitrust hurdle

Mon, 06/10/2019 - 20:02
Thermo Fisher Scientific Inc and Roper Technologies Inc said on Monday they have mutually agreed to terminate Thermo Fisher's deal to buy Roper's unit Gatan Inc owing to challenges in obtaining regulatory approval in the United Kingdom.

DHFL pays some investor dues, completes stake sale in Aadhar Housing

Mon, 06/10/2019 - 19:58
Indian mortgage lender Dewan Housing Finance Corp Ltd (DHFL) said it has paid the interest and principal on certain debt instruments that was due on Monday and completed the stake sale in Aadhar Housing Finance Ltd to an entity backed by Blackstone Group LP.

U.S. job openings dip as hiring hits record high

Mon, 06/10/2019 - 19:55
U.S. job openings fell slightly in April as hiring surged to a record high, government data showed on Monday.

U.S. Supreme Court to hear Intel retirement fund dispute

Mon, 06/10/2019 - 19:38
The U.S. Supreme Court on Monday agreed to hear Intel Corp's bid to avoid a lawsuit accusing it of violating federal law in making employee retirement plan investments that cost beneficiaries hundreds of millions of dollars.

U.S. Supreme Court to hear Comcast appeal in racial bias suit

Mon, 06/10/2019 - 19:33
The U.S. Supreme Court on Monday agreed to hear a bid by cable operator Comcast Corp to throw out racial bias claims accusing the company of discriminating against black-owned television channels.

Microsoft unveils next-gen 'Project Scarlett' Xbox console for release in 2020

Mon, 06/10/2019 - 19:19
Microsoft Corp unveiled on Sunday its next-generation Xbox console, known as "Project Scarlett," which is set to hit store shelves during the 2020 holiday season.

Eros group says it is taking action to resolve loan payment delays

Mon, 06/10/2019 - 18:53
Indian film and entertainment group Eros International has taken steps to resolve delays in loan payments, Chief Executive Kishore Lulla said, as he also dismissed a short seller's allegations of accounting irregularities at the group.

Employees sour on Tesla amid cost-cutting, layoffs

Mon, 06/10/2019 - 18:47
Tesla Inc’s rankings at two high-profile job websites have declined, suggesting that job dissatisfaction at the electric car company is intensifying amid layoffs, strategy shifts and executive turnover.

Opioid drugmaker Insys Therapeutics files for bankruptcy

Mon, 06/10/2019 - 18:44
Drugmaker Insys Therapeutics Inc filed for Chapter 11 bankruptcy protection on Monday, about a week after agreeing to pay $225 million to settle a U.S. probe into bribes it paid to doctors for prescribing a powerful opioid medication.

Salesforce bets on big data with $15.3 billion Tableau buy

Mon, 06/10/2019 - 18:40 Inc on Monday decided to buy big data firm Tableau Software Inc for $15.3 billion, marking the biggest acquisition in the company's history as it looks to offer more data insights to its clients.

Renault and Nissan launch innovation lab in Tel Aviv

Mon, 06/10/2019 - 18:36
Carmakers Renault and Nissan on Monday inaugurated a joint innovation laboratory in Tel Aviv, enabling their alliance to collaborate with Israeli start-ups.

Trump says China will make a deal, criticizes currency devaluation

Mon, 06/10/2019 - 18:34
U.S. President Donald Trump said on Monday he believed China will make a trade deal with the United States because Beijing needs to make an agreement.

Trump threatens more tariffs on Mexico over part of immigration deal

Mon, 06/10/2019 - 17:58
President Donald Trump on Monday hinted more details were to come about a migration pact the United States signed with Mexico last week, saying another portion of the deal with Mexico would need to be ratified by Mexican lawmakers.

G20 finance chiefs express concern over risks from 'intensified' trade conflict

Sun, 06/09/2019 - 20:36
Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have "intensified", raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict.