By Aditi Shah NEW DELHI (Reuters) – Honda Motor Co has halted production at one of its two car manufacturing plants in India, the carmaker said on Wednesday, a country where sales of its vehicles have been under pressure from competitors. The Japanese automaker has stopped producing cars at its plant in Greater Noida close […]
By Aditi Shah, Aftab Ahmed NEW DELHI (Reuters) – Cairn Energy has won an international arbitration case against the Indian government over a tax dispute, ending one of the country’s highest-profile disputes, two sources with direct knowledge of the matter told Reuters. Cairn took the case to arbitration in 2015 to fight against a demand in […]
By Anuron Kumar Mitra BENGALURU (Reuters) – Indian shares slipped from record highs on Friday, dragged down by banking stocks, as investors locked in gains after indexes scaled fresh peaks in 18 of the past 27 sessions. The blue-chip NSE Nifty 50 index fell 0.34% to 13,694.20 by 0446 GMT, while the benchmark S&P BSE […]
By Jonathan Josephs Business reporter, BBC News Coronavirus pandemic The US has suggested that the process to find a new Director-General of the World Trade Organization (WTO) needs to be reopened, in what would be an unprecedented move. Donald Trump’s trade chief Robert Lighthizer told the BBC on Wednesday that the WTO needs “someone with […]
By Peter Hobson LONDON (Reuters) – The world’s most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory standards, a letter seen by Reuters showed. In the letter dated Nov. 6 addressed to countries with large gold markets, […]
By Lewis Krauskopf, Koh Gui Qing NEW YORK (Reuters) – Markets will welcome the certainty after major networks declared Democrat Joe Biden winner of the U.S. presidential election on Saturday, offering some relief after days of the country getting conflicting reports about who might be in the White House next term. News outlets and polling outlets […]
By Reuters Staff NEW DELHI (Reuters) – Future Retail has challenged its partner Amazon.com Inc in a New Delhi court to stop interfering in its $3.4 billion asset sale deal, the Indian company said in a statement on Saturday. Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail […]
By Sagarika Jaisinghani (Reuters) – U.S. stock index futures slipped on Friday after a sharp rally pushed the S&P 500 up more than 7% this week, with investors betting on a divided Congress that would prevent any major industry policy changes and threaten corporate profits. The outcome of the election remained undecided, but Democrat Joe Biden […]
By Derek Francis BENGALURU (Reuters) – Indian shares closed at their highest level since mid-February on Thursday as strong earnings from the country’s biggest lender State Bank of India (SBI) boosted banks, with metal and energy stocks adding to the gains. The NSE Nifty 50 index rose 1.78% to close above the 12,000-mark for the first […]
Indonesia has fallen into its first recession in 22 years as the coronavirus pandemic continues to take it toll. South East Asia’s biggest economy saw growth fall 3.49% in the third quarter of the year, compared to the same period in 2019. Following a fall of 5.32% in the second quarter of 2020, this has […]
