Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
India’s fraud-hit PMC asked other major banks for merger: administrator
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) - India's fraud-hit PMC Bank has approached other banks over a possible merger even as its efforts to recover funds from a big borrower have been di...
Sep 16, 2020
RBI chief says India’s recovery not entrenched, will only be gradual
By Swati Bhat MUMBAI (Reuters) - Some high frequency indicators are pointing towards stabilisation in economic activity in India but the recovery is still not entrenched and will only be gradual, Rese...
Sep 16, 2020
Hitachi says it will quit stalled British nuclear power project
TOKYO (Reuters) - Japanese conglomerate Hitachi Ltd said on Wednesday it would exit a stalled British nuclear power project, a decision that deals a blow to Britain's plans to replace ageing plants. "...
Sep 16, 2020
EU chief executive unveils blueprint to get Europe back on its feet
By Jan Strupczewski and Kate Abnett BRUSSELS (Reuters) - The European Union's chief executive on Wednesday painted a sober picture of the bloc grappling with a pandemic and the deepest recession in it...
Sep 16, 2020
China says WTO report proves U.S. has been breaking international rules
BEIJING (Reuters) - China's Foreign Ministry said on Wednesday that a ruling by the World Trade Organisation (WTO) proved the United States had been breaking international trade rules. The WTO ruled t...
Sep 16, 2020
EU antitrust rules need to keep pace with changes: EU Commission head
BRUSSELS (Reuters) - The European Union's antitrust rules need to keep up with global changes, European Commission President Ursula von der Leyen said on Wednesday, underscoring pressure from Germany ...
Sep 16, 2020
China’s Communist Party demands private sector’s loyalty as external risks rise
BEIJING (Reuters) - China's ruling Communist Party is demanding a show of greater loyalty from the sprawling private sector as the world's second-largest economy grapples with growing external risks, ...
Sep 16, 2020
Bundesbank chief to meet lawmakers in wake of court case
FRANKFURT/BERLIN (Reuters) - Bundesbank chief Jens Weidmann will meet German lawmakers in a closed-door session on Wednesday, as part of efforts to defuse a constitutional crisis that had threatened t...
Sep 16, 2020
Japan’s pandemic-hit economy too weak for new PM’s reform plans: PIMCO
By Leika Kihara and Takahiko Wada TOKYO (Reuters) - Japan's new leader Yoshihide Suga will struggle to push through structural reforms as they would be too painful for an economy hit by the coronaviru...
Sep 16, 2020
EU must complete banking and capital markets union: EU executive
BRUSSELS (Reuters) - The European Union should not withdraw fiscal support to the economy still reeling from the COVI-19 pandemic and must complete its banking and capital markets union projects to ma...
Sep 16, 2020
