Reuters - Squid Business

Cricket-India’s Siraj and Australia’s Head sanctioned for Adelaide altercation

(Reuters) – Mohammed Siraj and Travis Head have been slapped with demerit points for their bust-up in the second test between India and Australia while the Indian fast bowler was also fined 20% of his match fee, the International Cricket Council said on Monday. The duo had a fiery exchange after Siraj dismissed Australia batter …

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LG Electronics’ India arm files for IPO amid strong consumer durables demand (Dec 6)

(This Dec. 6 story has been corrected to say foreign investors turned net ‘buyers,’ not ‘sellers,’ in paragraph 5) By Manvi Pant and Hritam Mukherjee (Reuters) – The Indian unit of South Korea’s LG Electronics filed for an initial public offering on Friday to cash in on the country’s growing demand for consumer durables amid …

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LGIM says not too positive on China; UK gilts offer value

By Naomi Rovnick LONDON (Reuters) -China still faces a very difficult economic situation and it is hard to be positive on the world’s second-biggest economy just yet, Legal & General Investment Management’s Chief Investment Officer Sonja Laud said on Monday. China will adopt an “appropriately loose” monetary policy next year, the first easing of its …

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EU countries approve new 4.2 billion euros payment for Ukraine

BRUSSELS (Reuters) – Ukraine will soon get another 4.2 billion euros ($4.4 billion) in funds after the European Union’s member states approved the planned payment of the money, said the EU Council on Monday. The money, which forms part of the EU’s Ukraine facility, will help Ukraine’s economy, as the country continues to fight against …

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Dow to sell 40% stake in some US Gulf Coast infrastructure assets for $2.4 billion

(Reuters) – Dow said on Monday it would sell a 40% stake in some U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management for $2.4 billion as it looks to focus more on its core chemicals business. Shares of Dow were up about 5% at $44.14 in premarket trading after the …

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Lebanon’s Hezbollah sees ‘major, dangerous’ change in Syria

BEIRUT (Reuters) – Lebanon’s Hezbollah views events in Syria as a “major, dangerous and new transformation”, a senior Hezbollah politician said on Monday, the Iran-backed group’s first reaction to the toppling of its ally Bashar al-Assad. Hezbollah played a major part propping up Assad through years of war in Syria, before bringing its fighters back …

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Lara Trump to step down from Republican Party post, eyes Senate seat

WASHINGTON (Reuters) – Lara Trump, President-elect Donald Trump’s daughter-in-law, said she would step down as co-chair of the Republican National Committee (RNC) and would consider a U.S. Senate vacancy if Marco Rubio is confirmed as secretary of state. “The job I came to do is now complete and I intend to formally step down from …

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NHTSA closes preliminary probe into 7,745 Fisker Ocean SUVs after software update

(Reuters) – The U.S. auto safety regulator said on Monday it has closed a preliminary evaluation into 7,745 Fisker Ocean SUVs over failure to shift vehicles into the park gear, after the electric-vehicle startup issued recalls and released a software update. Earlier this year, the National Highway Traffic Safety Administration (NHTSA) opened a preliminary probe …

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Italy’s 5-Star members confirm vote ousting co-founder Grillo

ROME (Reuters) – Members of Italy’s opposition 5-Star Movement backed a proposal by leader Giuseppe Conte to sever ties with comedian and co-founder Beppe Grillo, after repeating an online vote to reform the party on Sunday. Former prime minister Conte is seeking to turn the once radical protest movement into a more mainstream left-leaning force. …

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Indian telco Vodafone Idea to raise $234 million via share issue

(Reuters) -Vodafone Idea will raise up to 19.80 billion rupees ($233.8 million) through the issue of preferential shares, the Indian telecom company said on Monday. Vodafone Idea said it will issue shares to Vodafone Group entities Omega Telecom Holdings and Usha Martin Telematics worth up to 12.8 billion rupees and 7 billion rupees, respectively. The …

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