India to push private investment in railway network: minister
NEW DELHI (Reuters) – The bulk of India’s future railway projects will be financed through public-private partnerships, the country’s railways minister said on Tuesday, in a bid to modernise the vast...
View ArticleAir France warns on profit as overcapacity hits prices
PARIS (Reuters) – An Air France-KLM profit warning bruised European airline shares on Tuesday, as the latest evidence of overcapacity set the stage for possible further job cuts. Continued here: Air...
View ArticlePhilips warns healthcare unit will miss forecast earnings
AMSTERDAM (Reuters) – Philips warned its healthcare business would miss forecast earnings but went some way to reassure investors by adding its chief executive would take direct charge of the unit,...
View ArticleEurope’s stocks, bonds dip as bank fines mount, QE hopes dim
LONDON (Reuters) – Europe’s main stock indices and bond benchmarks dipped on Tuesday amid reports of new U.S. fines on banks and dimming prospects for an asset purchase programme from the European...
View ArticleVatican bank clean-up and account closures wipe out profit
VATICAN CITY (Reuters) – The Vatican bank has blocked the accounts of more than 2,000 clients and ended some 3,000 “customer relationships” as part of a clean-up process that nearly wiped out its...
View ArticleAmbition, investor greed fuel rise and fall of Dubai’s Arabtec
ABU DHABI/DUBAI (Reuters) – From a 59-storey tower in Abu Dhabi, the offices of Arabtec look out over the Gulf towards Middle Eastern and Asian nations where the construction firm hopes to expand. It...
View ArticleChina says GSK-linked trial being handled according to law
BEIJING (Reuters) – The trial of a couple arrested last year following work they did for British drugmaker GlaxoSmithKline PLC in China will be handled according to the law, China’s foreign ministry...
View ArticleCar maker Tesla sued in China for trademark infringement
SHANGHAI (Reuters) – U.S. electric car maker Tesla Motors Inc is being sued in China for trademark infringement, a surprise development that casts a shadow over CEO Elon Musk’s ambition to expand...
View ArticleM&S hails womenswear progress as new website holds back sales
LONDON (Reuters) – British retailer Marks & Spencer reported a small rise in sales of its flagship womenswear on Tuesday, saying it was a sign years of investment were starting to pay off despite a...
View ArticleU.S. in sanctions talks with Commerzbank and Deutsche: source
FRANKFURT (Reuters) – U.S. authorities have begun settlement talks with Germany’s Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a...
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