By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended at its weakest closing level on record on Thursday, weighed down by strong dollar demand from foreign banks, likely due to outflows from equities, and the weakness in regional peers as the U.S. dollar rose to an eleven-week high. The rupee closed at 84.0675 against …
Rupee ends at record closing low, pressured by outflows, weak Asia FX Read More »
(Reuters) – The economic policies being proposed by Republican presidential candidate Donald Trump would fuel inflation and harm businesses, U.S. Treasury Secretary Janet Yellen plans to warn in a speech, according to a report in the New York Times on Thursday. Yellen’s critique is set to be delivered in remarks to the Council on Foreign …
Yellen to warn sweeping tariffs would ignite inflation, NYT reports Read More »
BENGALURU (Reuters) -Nestle India reported a nearly 9% decline in quarterly profit on Thursday, hurt by higher ingredient prices and weaker demand for its packaged food. The Indian arm of Swiss food major Nestle reported profit before exceptional items and tax of 10.21 billion rupees ($121.51 million) for the second quarter ended Sept. 30. Consumer …
Nestle India’s Q2 profit slides on weak demand, higher costs Read More »
HANOI (Reuters) – A court in Vietnam on Thursday handed a life sentence to real estate tycoon Truong My Lan on financial fraud charges, after she was sentenced to death in April in a separate trial. Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, was found guilty of obtaining property by …
Vietnam tycoon Lan gets life sentence; already has death sentence from separate trial Read More »
MADRID (Reuters) -Spanish steel maker Sidenor sent a letter stating it was considering a tender offer for part or all of the shares of train manufacturer Talgo, the latter said late on Wednesday in a filing to the stock market regulator. Talgo did not say whether Sidenor disclosed the stake it intends to buy or …
Spanish steel maker Sidenor announces possible tender offer for Talgo Read More »
By Anton Bridge TOKYO (Reuters) – British fintech firm Wise has won approval for direct access to Japan’s bank payment clearing network, becoming the first foreign financial company to do so, it said on Thursday. The move could put pressure on banks including megabanks such as Mitsubishi UFJ and smaller players such as SBI Shinsei …
By John Irish BRUSSELS (Reuters) – The EU’s foreign policy chief on Thursday appeared to criticise the United States giving Israel one month to improve the humanitarian situation in Gaza, saying that during that time, too many people would die. “The U.S. has been saying to Israel that they have to improve humanitarian support to …
EU’s Borrell questions US giving Israel one month to improve Gaza situation Read More »
By David Shepardson, Valerie Insinna and Tim Hepher WASHINGTON (Reuters) -The U.S. Federal Aviation Administration late on Wednesday tightened pressure on Boeing by barring the troubled planemaker from expanding production of its best-selling 737 MAX narrowbody planes, following “unacceptable” quality issues. The unprecedented decision looked set to deepen turmoil at Boeing even as the FAA …
FAA bars Boeing from increasing MAX output but ends partial grounding Read More »
By Nidal al-Mughrabi, Fadi Shana and Henriette Chacar GAZA/JERUSALEM (Reuters) -The United Nations said on Wednesday that Israeli tanks struck a huge U.N. compound in Gaza sheltering displaced Palestinians, causing “mass casualties”, but Israel denied its forces were responsible and suggested Hamas may have launched the shelling. The attack, which the U.N. said hit a …
Israel denies attack on UN refuge in Gaza that drew rebuke from Washington Read More »
BEIJING (Reuters) -A fire at a street shop in Xinyu City of Jiangxi Province has killed 39 people and injured nine, Chinese state media and the local government said on Wednesday, adding that some people were still trapped. The fire broke out in the afternoon in an underground floor of the shop on Tiangongnan Avenue …
Shop fire in China’s Jiangxi province kills 39, traps others Read More »
