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Page 3862 - Business Finance

EU tells Italy to cut debt, warns of euro "spillovers"

BRUSSELS (Reuters) - Italy's incoming government should aim to cut its heavy public debt, the European Commission said on Wednesday, warning of a risk that financial instability in Rome could spill over into the whole euro zone.

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Updated On : 23 May 2018 | 5:10 PM IST

China Inc returns to U.S. soybean market as trade tensions ease

BEIJING/SINGAPORE (Reuters) - China's state grain stockpiler has returned this week to the U.S. soybean market for the first time since early April, a sign Beijing is preparing to resume purchases as trade tensions between the world's top two economies ease, two sources said.

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Updated On : 23 May 2018 | 5:10 PM IST
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Updated On : 23 May 2018 | 5:06 PM IST
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Updated On : 23 May 2018 | 5:05 PM IST
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Updated On : 23 May 2018 | 5:05 PM IST
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Updated On : 23 May 2018 | 5:05 PM IST

Sebi invites counter bids for PACL group properties

Markets regulator Sebi has invited proposals from interested entities, that can offer higher price for the properties belonging to PACL group, than the plan put in place by the company. The entities have been asked to submit counter proposals till June 21, to R M Lodha committee, in response to the proposal submitted by PACL, the regulator said in a statement. The move is a part of efforts made by the Securities and Exchange Board of India (Sebi) to recover funds totalling Rs 60,000 crore. PACL also known as Pearl Group, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected these funds through illegal collective investment schemes over 18 years. The panel, headed by former Chief Justice of India Lodha, is overseeing the process of disposing of properties to refund investors after verifying their genuineness. Sebi had set up a high-level committee following a Supreme Court order. "Any person(s) /entity/entities

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Updated On : 23 May 2018 | 5:05 PM IST
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Updated On : 23 May 2018 | 5:05 PM IST
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Updated On : 23 May 2018 | 5:05 PM IST
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Updated On : 23 May 2018 | 5:04 PM IST
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Updated On : 23 May 2018 | 5:04 PM IST
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Updated On : 23 May 2018 | 5:04 PM IST
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Updated On : 23 May 2018 | 5:04 PM IST
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Updated On : 23 May 2018 | 5:04 PM IST
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Updated On : 23 May 2018 | 5:04 PM IST
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Updated On : 23 May 2018 | 5:04 PM IST
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Updated On : 23 May 2018 | 5:04 PM IST
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Updated On : 23 May 2018 | 5:04 PM IST