NEW DELHI (Reuters) – The Indian government’s win of a long-contested dispute over telecom fees could end up a Pyrrhic victory, as the billions of dollars in levies now owed are seen as burdens too big to bear for two of the country’s three main carriers. FILE PHOTO: A rickshaw puller speaks on his mobile
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NEW YORK (Reuters) – Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week, while gasoline stocks surged and production hit another record. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer Losses were limited by optimism that a
FILE PHOTO: A promoter shows British American Tobacco’s new tobacco heating system device ‘glo’ (L) and Kent tobacco after a news conference in Tokyo, Japan, November 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo (Reuters) – British American Tobacco (BATS.L), the world’s no. 2 tobacco company by revenue, said on Wednesday a slowdown in the U.S. vaping market
NEW YORK (Reuters) – Earnings of companies in the benchmark S&P 500 index are expected to decline in the fourth quarter from the year-earlier period, which would mark a second straight quarterly profit drop, according to IBES data from Refinitiv. FILE PHOTO: A trader looks at a screen that charts the S&P 500 on the
FILE PHOTO: Patrick Koller, Chief Executive Officer of French car parts supplier Faurecia, poses before the company’s 2016 annual results presentation in Paris, France, February 9, 2017. REUTERS/Philippe Wojazer PARIS (Reuters) – French car parts maker Faurecia (EPED.PA) said it was targeting record sales, profits and cash generation in 2022 as a result of its
NEW YORK (Reuters) – Oil prices edged higher on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their trade war. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field
FILE PHOTO: The app for Just Eat is displayed on a smartphone in this posed picture in London, Britain, August 5, 2019. REUTERS/Toby Melville/File Photo LONDON (Reuters) – Britain’s Just Eat (JE.L) advised shareholders not to accept a 710 pence-a-share cash offer from Prosus (PRX.AS), saying it was inferior to its agreed deal with Takeaway.com
French Junior Economy Minister Agnes Pannier-Runacher poses after an interview with Reuters in Paris, France, October 15, 2019. REUTERS/Benoit Tessier PARIS (Reuters) – Frances’s 5G spectrum will be sold at a floor price of 2.17 billion euros ($2.4 billion), a minister said on Sunday, significantly more than the amount previously recommended by the country’s telecoms
Nov 21, 2019; Hawthorne, CA, U.S.A; Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Mandatory Credit: Robert Hanashiro-USA TODAY (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Saturday that there have been
FILE PHOTO: Switzerland’s national flag flies in front of the logo of Swiss drugmaker Novartis in Basel, Switzerland, January 30, 2019. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Swiss drugmaker Novartis AG (NOVN.S) is nearing an agreement to acquire U.S. biotechnology firm The Medicines Co (MDCO.O) for about $7 billion, the Wall Street Journal reported on Saturday.
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc on Friday filed a lawsuit in the U.S. Court of Federal Claims contesting the Pentagon’s award of an up to $10 billion cloud computing contract to Microsoft Corp. An
(Reuters) – Chevron Corp Chief Executive Michael Wirth is preparing sweeping changes at the No. 2 U.S. oil and gas company that would cut costs and streamline operations in a drive to boost profitability, according to people familiar with the matter. FILE PHOTO: Chevron oil exploration drilling site near Midland, Texas, U.S. August 22, 2019.
BEIJING (Reuters) – China wants to work out an initial trade agreement with the United States and has been trying to avoid a trade war, President Xi Jinping said on Friday, but is also not afraid to retaliate when necessary. FILE PHOTO: China’s President Xi Jinping looks on during a joint statement with Brazil’s President
WASHINGTON (Reuters) – A possible purchase by brokerage giant Charles Schwab Corp. (SCHW.N) of rival TD Ameritrade (AMTD.O) reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said. FILE PHOTO: A Charles Schwab office is shown in Los Angeles, California January 29, 2016.
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – SoftBank Group Corp (9984.T) is sounding out Japan’s top three banks to borrow around 300 billion yen ($2.8 billion) to help fund its support of U.S. startup WeWork,
FILE PHOTO: A man drives a forklift past rolls of aluminum coil for export, at a workshop of a company manufacturing aluminum products in Huaibei, Anhui province, China July 22, 2018. REUTERS/Stringer WASHINGTON (Reuters) – The U.S. International Trade Commission (ITC) on Wednesday said it had determined that U.S. industry was materially injured by below-cost