Page 1555 - Business Finance
Exclusive: T-Mobile, Sprint parents consider dropping Huawei, see U.S. security clearance for deal - sources
WASHINGTON/NEW YORK (Reuters) - T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China's Huawei Technologies [HWT.UL], people familiar with the matter told Reuters.
Exclusive: T-Mobile, Sprint consider dropping Huawei, see U.S. security clearance for deal - sources
WASHINGTON/NEW YORK (Reuters) - T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China's Huawei Technologies [HWT.UL], people familiar with the matter told Reuters.
Conte discusses Italy's spending plans with Merkel
Brussels, Dec 15 (IANS/AKI) Italy premier Giuseppe Conte had a breakfast meeting on Friday with Germany's Chancellor Angela Merkel at a hotel in central Brussels to discuss populist government's expansionary budget, unexpectedly cancelling a planned press briefing to fit in the meeting.
China wants to make 'big', 'very comprehensive' deal: Trump
A major US-China trade deal is likely to happen soon, President Donald Trump said Friday, asserting that Beijing wants to make it "big and very comprehensive". He also said China's position has been weakened by the economic impact of the tariffs war with America. Earlier in the day, China pressed on with its trade war truce with the US and announced that it will suspend extra tariffs added to 'Made in America' cars and auto parts for three months from January 1. "China wants to make a big and very comprehensive deal. It could happen, and rather soon!" Trump tweeted. "China just announced that their economy is growing much slower than anticipated because of our Trade War with them. They have just suspended US Tariff Hikes. US is doing very well," he added. Earlier this week, top officials from the US and China had a conference call on trade negotiations. The phone call follows up on the 90-day tariff cease-fire agreed to by Trump and his Chinese counterpart Xi Jinping at a meeting in ..
Oil drops 2 percent on Wall St. losses, weak China data
NEW YORK (Reuters) - Oil prices dropped about 2 percent on Friday, weighed down by a falling U.S. stock market, while weak economic data from China pointed to lower fuel demand in the world's biggest oil importer.
India's forex reserves rise by over $16 mn
India's foreign exchange (forex) reserves marginally rose by $16.6 million during the week ended December 7, official data showed on Friday.
Global growth worries, J&J's tumble drag Wall Street lower
(Reuters) - U.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
EU banking watchdog says no-deal Brexit could disrupt payments
LONDON (Reuters) - Although the main banks have stepped up preparations for a potential no-deal Brexit, UK-based payment firms used by European Union customers are not ready, the bloc's banking watchdog said on Friday.
Gold dips to one-week low as dollar bounces on strong data
BENGALURU (Reuters) - Gold fell to its lowest in more than a week on Friday and was on track to mark its biggest weekly decline in more than a month, as the dollar climbed on robust U.S. economic data ahead of a U.S. Federal Reserve meeting next week.
Mexico's new budget: fiscal miracle or a December disaster?
MEXICO CITY (Reuters) - Nervous bond holders will pore over Mexico's budget like never before this weekend to see if leftist President Andres Manuel Lopez Obrador can pull off higher social spending, tax cuts and pricey oil ventures without increasing debt.
Oil slips on falling U.S. equity market, weak China economic data
NEW YORK (Reuters) - Oil prices dropped more than one percent on Friday, weighed down by a falling U.S. stock market, while weak economic data from China pointed to lower fuel demand in the world's biggest oil importer.
Deutsche Telekom reviews Huawei ties; Orange says no on 5G
FRANKFURT/PARIS (Reuters) - Huawei faces fresh challenges in Europe after Germany's Deutsche Telekom announced it would review its vendor strategy and Orange said it would not hire the Chinese firm to build its next-generation network in France.
Ex-CFO of failed bank BES sues Bank of Portugal, KPMG for $4.9 bln
LISBON (Reuters) - Banco Espirito Santo's former finance director is suing the Bank of Portugal and KPMG, demanding they pay the state 4.3 billion euros ($4.9 billion) for allegedly falsifying its accounts before the bank's 2014 collapse.
Wall Street drops on global growth fears; J&J tumbles on Reuters report
(Reuters) - U.S. stocks fell on Friday as weak economic data from China and Europe rekindled fears of slowing global growth, with Johnson & Johnson leading the losses after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
Data and security important in digital world: Experts
Data is very important in a digital world but there are threats to cyber security, banking and insurance sector experts said here Friday. "So banks and finanacial institutions have to understand the risks of cyber threat as at the end of the day customers get affected," MD and CEO of Bajaj Life Insurance Company Limited, Tarun Chugh, said. Speaking at the "India Economic Conclave 2018" at the Bengal Chamber of Commerce and Industry (BCC&I), Chugh stressed the need of personal touch in banking sector to ensure that customers understand the products. "Both human touch and digital aids are needed to nurture relationship," he said. Stressing on the need to understand the economic scenario of the country and its impact on common people, the MD and CEO of Bandhan Bank, Chandra Sekhar Ghosh, said that the service sector is the backbone of the Indian economy and is going through a lot of changes. "In my view the most important element to build customer relationship is the ...
Gold dips to 1-week low as dollar bounces on strong data
BENGALURU (Reuters) - Gold fell to its lowest in more than a week on Friday and was on track to mark its biggest weekly decline in more than a month, as the dollar climbed on robust U.S. economic data ahead of a U.S. Federal Reserve meeting next week.
State-run banks have no plan to shut ATMs: Minister
The public Sector banks (PSB) have no plans to shut down 50 per cent of their ATMs in the country, Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha on Friday.
Farm, food groups press U.S. officials to push for more EU access
WASHINGTON (Reuters) - U.S. farmer, rancher and food and beverage groups pressed the Trump administration on Friday to ensure that any new trade talks with the European Union boost their market access and decrease regulatory hurdles to that access.
Germany's Scholz says Deutsche Bank not causing "sleepless nights"
BERLIN (Reuters) - German Finance Minister Olaf Scholz on Friday lauded positive developments in the German banking sector in recent months, and said his ministry was not overly concerned about the future of Deutsche Bank, Germany's largest bank.
Rlys offers 25pc discount on haulage rate on transport of empty containers, flat wagons
The railways will give a discount of 25 per cent on the extant haulage rate per Twenty Feet Equivalent Unit (TEU) on transport of empty containers as well empty flat container wagons in order to facilitate movement of containers by rail towards ports, a statement from the ministry said. It is expected to enhance efficient handling of traffic at ports and attract larger share of container traffic to rail. "The move is to meet the demand of container train operators (CTOs) and is expected to give a boost to container business both in export, import and domestic. This move is likely to give the desired boost to rail container segment and be a profitable proposition to Indian Railway. By reduction of rate by 25 per cent, railways expect to get more traffic by reducing rate," the statement said. It will help to load more commodity at economical rate which will result in low prices in the market giving benefit to common man. Also, smooth movement of rakes which will result in less detention