Investors expecting a deal this year in Tata Steel’s talks to merge its European assets with Germany’s Thyssenkrupp risk disappointment, given complications associated with the Indian-owned firm’s British pension scheme. Tata and Thyssenkrupp shares have firmed on hopes a merger would trigger European steel capacity cuts. Tata Steel UK, Britain’s ... Read More »
India has appointed senior finance ministry official Ajay Tyagi as the new chairman of its capital markets regulator, the government said on Friday, at a time when corporate governance issues have taken centre stage in the country. Tyagi, 58, currently an additional secretary at the Indian finance ministry’s economic affairs ... Read More »
Uber CEO Travis Kalanick has quit President Donald Trump’s council of business leaders, according to an internal memo obtained by The Associated Press. Mr. Kalanick wrote to his employees that he’d spoken with Mr. Trump on Thursday to “let him know that I would not be able to participate on ... Read More »
Uber’s chief executive officer Travis Kalanick has quit Donald Trump’s business advisory group amid mounting pressure from activists and employees who have come out against his administration’s hard-line immigration policies. Critics have included Uber drivers, many of whom are immigrants themselves. “Joining the group was not meant to be an endorsement ... Read More »
From the spread of fake news to a nasty court fight in Texas, it has been a rough few months for Facebook. But company executives can take heart in two things: Despite an audience nudging toward two billion users, more and more people are still flocking to the service, and ... Read More »
Several Muslim majority nations, where the Trump Organisation is active and which in some cases have faced troublesome issues with terrorism, do not figure in the list of the countries whose citizens were banned from entering the United States. Iran, Iraq, Syria, Somalia, Sudan, Libya and Yemen, which are targeted ... Read More »
Shares of UPL Ltd, formerly United Phosphorus Ltd, gained 83% in the past one year as the company maintained the growth tempo despite the turbulence in its consumer markets. The December quarter (Q3) has been no different. Revenue and volume are up 18% from a year ago. As has been ... Read More »
Toshiba shares fell by 5.85% on Monday, following reports of a possible lawsuit by several Japanese banks, rumours of the impending resignation of its chairman and a withdrawal from its nuclear power plant business in the US. In the mid-session break at the Tokyo Stock Exchange, the tech giant’s ... Read More »
LONDON (AP) — Britain’s leader is pledging to help U.K. industry grow and compete as the country prepares to leave the European Union. Prime Minister Theresa May plans to unveil her “modern industrial strategy” on Monday, saying the government must provide an environment that will create well-paying jobs throughout Britain ... Read More »
VIENNA (AP) — OPEC and key non-OPEC oil producers are near their target of taking 1.8 million barrels of crude a day off global markets less than two months after agreeing to do so in efforts to push up the price of crude, Russia’s energy minister said Sunday. Alexander Novak’s ... Read More »
NEW YORK (AP) — M. Night Shyamalan’s psychological thriller “Split” blew away box-office expectations, earning $40.2 million in ticket sales over inauguration weekend, according to studio estimates Sunday. Though many were focused on Friday’s presidential inauguration and Saturday’s nationwide women’s marches, “Split” doubled forecasts to easily lead all films. The ... Read More »
Anti-Trump protesters barricaded the headquarters of Uber in San Francisco on Friday morning to call attention to Uber CEO Travis Kalanick’s “collaboration” with the new administration on Trump’s inauguration day. Protesters blocked traffic outside the ride-hailing company’s main office with a giant banner reading: “Uber collaborates with Trump”, while others ... Read More »
