BEIJING (Reuters) -Iron ore futures rose on Monday as near-term demand remained firm and the latest rate cut in top consumer China lifted sentiment, but gains were capped by caution on exactly how much boost the steel market would receive. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade …
Iron ore gains on firm near-term demand, more China rate cuts Read More »
LONDON (Reuters) – Forvia, the world’s seventh largest car parts supplier by revenue, said on Monday it had been selected by BYD to supply its second European factory located in Turkey. The company is a long-time partner of BYD, and has already secured deals with the Chinese automaker’s first European factory in Hungary. (Reporting by …
Forvia secures deal to supply BYD’s second European factory in Turkey Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -India’s Navi Finserv has withdrawn a planned bond sale scheduled for bidding on Monday, the firm said, days after the country’s financial regulator barred the non-bank finance company (NBFC) from issuing new loans. The company was scheduled to raise 1 billion rupees (nearly $12 million) through two-year and three-month bonds, …
India’s Navi Finserv withdraws bond sale days after RBI action Read More »
MUMBAI (Reuters) – Shares of India’s Kotak Mahindra Bank and RBL Bank slumped on Monday as the lenders reported a jump in bad loans that hurt their second-quarter profit and margins, a trend that could continue for a few more quarters. Kotak’s shares slid as much as 6% to a near two-month low in early …
India’s Kotak Mahindra Bank, RBL Bank slump as loan stress hurts Q2 earnings Read More »
By Hyunjoo Jin SEOUL (Reuters) – A South Korean court on Monday rejected a request by Young Poong to temporarily block Korea Zinc from proceeding with its tender offer to buy back shares in the company, pushing shares in the world’s biggest zinc refiner to a record high. After the court denied the injunction, Korea …
Korea Zinc shares surge to record high after court clears hurdle for buyback offer Read More »
By Shrivathsa Sridhar BENGALURU (Reuters) -India were in danger of suffering their first home test loss to New Zealand since 1988, despite Sarfaraz Khan’s 150 and Rishabh Pant’s 99, when the tourists bowled them out for 462 on the fourth day of their rain-interrupted series opener on Saturday. Needing 107 to wrap up a memorable …
Cricket-New Zealand dismiss India for 462, need 107 for memorable win Read More »
By Shivam Patel NEW DELHI (Reuters) – A former Indian government official charged in the United States this week for allegedly directing a foiled murder plot had been arrested in New Delhi in December in an attempted murder case, according to court records and a police officer. The U.S. Justice Department unsealed the indictment of …
MUMBAI (Reuters) – HDFC Bank, India’s largest private lender, beat analysts’ forecasts for July-September profit on Saturday, helped by higher core lending income, while margins were slightly lower on a sequential basis. The Mumbai-based lender posted a standalone net profit of 168.21 billion rupees ($2 billion) for the second financial quarter, up 4% from the …
India’s HDFC Bank beats quarterly profit forecast, margins dip slightly Read More »
SEOUL (Reuters) -North Korea said on Saturday it had discovered the remains of a crashed South Korean military drone, suggesting it was on a propaganda mission in the latest confrontation between the two involving cross-border flying objects. “In light of the drone’s shape, the presumptive period of flight, the leaflet-scattering box fixed to the underpart …
North Korea says it recovered crashed South Korean military drone, KCNA says Read More »
By Casey Hall SHANGHAI (Reuters) – British Foreign Secretary David Lammy said on Saturday that businesses wanted “stability and clarity” in trade with China, as London seeks to reset relations with Beijing under the new Labour government. Chinese Foreign Minister Wang Yi said following a meeting with Lammy on Friday that the bilateral ties “now …
UK foreign secretary pledges ‘consistency’ in relations with China Read More »
