Europe feels the heat as political temperatures rise Europe feels the heat as political temperatures rise:- European shares fell for a fourth day running on Tuesday and the euro was battling to avoid a similar fate, as the prospect of early Italian elections and Greece's ongoing struggles nudged up the political […]
Business
Business
GM says ISS advises against Greenlight share plan, board nominees General Motors Co(GM.N) said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into […]
U.S. economy slowed less than expected in first quarter The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter. Gross domestic product increased at a 1.2 percent annual rate […]
Hyundai plots China branding reboot after missile row Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor (005380.KS) will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people […]
As Fed raises rates, aim is not to roil markets, Williams says The U.S. economy is at or near the Federal Reserve's goals of full employment and stable prices, San Francisco Fed President John Williams said, adding that the U.S. central bank wants to make sure markets stay calm as […]
Trade and Russia unresolved issues in G7 communique Group of Seven (G7) leaders have still not agreed to joint language on the issues of trade and Russia, a G7 source said, hours before their final communique is due to be published. The source said diplomats had been unable to resolve […]
U.S. backs call for fight against protectionism in G7 communique U.S. President Donald Trump has agreed to include a pledge to fight trade protectionism in a final communique due to be released later on Saturday at the end of a summit of Group of Seven leaders, a G7 source said. […]
Head of Tata's hotel business to leave company in September Rakesh Sarna, the managing director and chief executive of Indian Hotels Company Ltd, part of the Tata Group, resigned from the company on Friday. Sarna, who joined Indian Hotels in September 2014, was known to be close to Cyrus Mistry, […]
As premier heads to Europe, China says resolute about opening its market China is determined to open its market and is positive about promoting talks on a China-EU investment agreement, a senior Chinese official said on Saturday ahead of Premier Li Keqiang's visit to Brussels for a summit with the […]
Sun Pharma says 2018 sales may fall as U.S. market gets tougher India's largest drug group Sun Pharmaceutical Industries Ltd said on Friday its U.S. sales might fall this year because of pressure on drug prices, signalling tough market conditions in the United States for generic drugmakers. "The U.S. generics […]
