Business
Asia Shares Up Ahead Of China Holiday, Presidential Debate
Asian shares were mostly higher in muted trading Monday, ahead of the first U.S. presidential debate and a national holiday in China later in the week.
ArcelorMittal In Talks To Merge US Assets With Cleveland-Cliffs
The combination would signal a new push among steelmakers to consolidate and diversify their business, making it less vulnerable to swings in demand.
Sri Lanka Seeks Fresh Currency Swap Facility, Deferment of Debt Payments from India
Sri Lanka owes about $960 million to India and earlier this year India agreed to a $400 million currency swap facility for Sri Lanka until November 2022.
Tech ETF Outflows Send A Wake-up Call After Sizzling Rally
Passive investors, the backbone of the Nasdaq's rally this year, seem to have lost their nerve, pulling massive amounts of cash in recent days from indextracking technology funds in what many see as an ominous sign for the sector.
EU Commission Appeals After Losing Apple USD 15 Bn Tax Case
London (AP) The European Commission said Friday it is appealing a court decision that Apple doesn't have to repay 13 billion euros (USD 15 billion) in back taxes to Ireland. The appeal comes after the US tech giant scored a big recent legal victory in i...
PSU Banks Onboard 1 Crore Account Holders on Digital Payment Modes in a Month
Under the campaign, banks were asked to on-board a minimum 100 new customers including merchants and financial inclusion account holders by each branch on digital payment mode.
Julius Baer Ordered To Pay 150 Million Swiss Francs Over Vanished East German Cash
Swiss private bank Julius Baer could seek to recoup 150 million Swiss francs ($162 million) from UBS after it was ordered on Friday to repay the German government over millions in East German cash that vanished after the fall of the Berlin Wall.
Gold Ticks Up As Dollar Rally Cools; Set For Worst Week In Six
Gold prices edged higher on Friday as the dollar retreated and hopes for more U.S. stimulus measures resurfaced, although the precious metal was on track to post its steepest weekly contraction since August.
CAG Says Centre Broke Law by Using GST Cess Elsewhere Amid Row Over Unpaid Dues to States
In its report on the accounts of the Union government, tabled on Wednesday, CAG said that the short-crediting was a violation of the GST Compensation ACT, 2017.
BMW To Pay $18 Million U.S. Fine To Resolve Inflated Sales Probe
BMW AG and two U.S. subsidiaries agreed Thursday to pay an $18 million (£14.1 million) U.S. fine to resolve accusations that they disclosed misleading information about the German luxury automaker's retail sales volume in the United States while raising a...
Hacked Software Provider Won't Say If Ransomware Involved
A day after informing customers that it had been hacked by an unknown intruder, a major U.S. provider of software services to state and local governments including posting election data online said the impact appeared limited and there is no reason to bel...
BMW Fined $18 Million For Inflating Monthly US Sales Figures
BMW will pay an $18 million fine to settle allegations that it inflated its U.S. monthly sales numbers for five straight years.
Facebook Oversight Board To Start Operating In October
Facebook's longawaited oversight board that will act as a referee on whether specific content is allowed on the tech giant's platforms is set to launch in October.
Global Shares Fall As Caution Sets In After Wall St Retreat
Global shares were lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares.
Mitsubishi UFJ Lease To Buy Hitachi Capital In Deal Worth $2.8 Billion
Japan's Mitsubishi UFJ Lease said on Thursday it would buy smaller rival Hitachi Capital Corp in a deal calculated at 294 billion yen ($2.8 billion).
Exclusive: State Investors Plan To Take Private Hong Kong-listed BMW China Partner Brilliance, Sources Say
Statebacked investors are considering taking BMW's main Chinese jointventure partner Brilliance private, five people with knowledge of the matter told Reuters, in the latest such deal targeting beaten down Hong Konglisted stocks.