How a border tax could divide Boeing and its suppliers
Author: Alwyn ScottSun, 2017-03-26ID: 1490465141193094600SEATTLE: A US tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co. and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.US automakers and other manufacturers that rely on imported components also would be affected by the proposals, […]
EU recommends suspending drugs tested by Indian firm
Author: ReutersSun, 2017-03-26ID: 1490465141153094000LONDON: Europe’s medicines regulator has recommended the suspension of more than 300 generic drug approvals and drug applications due to “unreliable” tests conducted by Indian contract research firm Micro Therapeutic Research Labs (MTR).The decision, announced by the European Medicines Agency (EMA) on its website, is the latest blow to India’s drug-testing industry, which has […]
India’s Reliance Industries penalized for alleged fraud
Author: The Associated PressSun, 2017-03-26ID: 1490464627633013200NEW DELHI: India’s markets regulator has barred Reliance Industries and 12 others from trading in equity derivatives for a year for alleged fraudulent trades made 10 years ago.The multibillion-dollar Reliance Industries rejected the ruling by the Securities and Exchange Board of India (SEBI) and said it would appeal the order.In its ruling […]
Renewed debate over benefits of Keystone pipeline
Author: The Associated PressSun, 2017-03-26ID: 1490464627623013000 WASHINGTON: President Donald Trump is calling his administration’s approval of the Keystone XL pipeline a new era for American energy policy. As expected, the State Department reversed a decision by the Obama administration and favored energy development over environmentalists’ objections to the pipeline, which will carry thick Canadian crude oil to […]
US business spending picking up
Author: ReutersSun, 2017-03-26ID: 1490464627583012700WASHINGTON: New orders for US-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, driven by the energy sector, bucking a slowdown in the broader economy. […]
Beijing court rules in Apple’s favor
Author: AFPSun, 2017-03-26ID: 1490464627573012400BEIJING: A Beijing court has overturned a ruling that Apple’s iPhone 6 violated a Chinese manufacturer’s patent, which saw the US tech giant ordered to cease selling the smartphone in China.In May last year the Beijing Intellectual Property Office (BJIPO) had ruled that Apple violated design patents of Chinese maker Shenzhen Baili with its […]
Week Ahead: Market likely to see some wild swings
The Indian stock market is likely to see some volatility in the coming week, as traders are set to roll over positions in the derivatives segment ahead of expiry of March series contracts.The market will track global economic data and the rupee’s movements against the U.S. dollar for direction. After rising to a 17-month high […]
Weekly Wrap: Sensex shed 0.8% on profit taking
The Indian stock market saw some profit taking in the week ended 24 March 2016, after having rallied to record highs a week earlier. Largely muted global cues and a lack of positive triggers from the domestic front rendered price movements quite sluggish for most part of the week.After recording losses in the first three […]
South Africa's Gordhan to court investors in Britain, U.S.
JOHANNESBURG (Reuters) – South African Finance Minister Pravin Gordhan embarks on a week-long non-deal investor roadshow in Britain and the United States on Monday as weak economic growth and ruling party tensions put the country’s investment grade at risk. Africa’s most industrialised economy escaped being downgraded to junk status last year. S&P Global Ratings and […]
U.S. shares, dollar pare losses after healthcare bill pulled
By Sam Forgione NEW YORK (Reuters) – U.S. shares pared losses to end slightly lower on Friday after Republicans pulled their bill to overhaul the U.S. healthcare system due to a shortage of votes, dealing a blow to U.S. President Donald Trump, while European shares fell ahead of the decision. The benchmark U.S. S&P 500 […]
