Business & Finance News
India’s Supreme Court said on Wednesday that Reliance Communications chairman Anil Ambani willfully did not pay 5.5 billion rupees to Swedish telecom equipment maker Ericsson, holding him guilty in a contempt of court case.
Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela.
Lockheed Martin offered India a new combat jet, F-21, on Wednesday to be made locally, in a bid to win a large military order worth over $15 billion.
Oil prices were around 2019 highs on Wednesday, propped up by supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.
Nissan Motor Co Ltd’s independent committee on governance is expected to recommend against the company having the same chairman as Renault SA, the Financial Times reported on Wednesday, citing people with knowledge of the discussions.
Asian stocks advanced to 4-1/2-month highs on Wednesday as investors bet that Chinese and U.S. trade negotiators would be able to secure a deal to de-escalate their year-long tariff war.
A top Southwest Airlines Co executive said the low-cost carrier would investigate why the number of aircraft unable to fly due to mechanical issues had doubled in recent days, causing flight delays and cancellations.
South Korean prosecutors on Wednesday raided the office of Hyundai Motor Co’s quality division in southern Seoul as part of a probe into how the automaker and affiliate Kia Motors Corp handled vehicle recalls over engine defects, online media Chosun Biz reported.
The Tokyo Stock Exchange’s push to weed out small and weak firms from its main board could take years, but some fund managers are already ditching small-caps for fear they could be excluded from benchmarks.
South Korean prosecutors on Wednesday raided the office of Hyundai Motor Co’s quality division in southern Seoul as part of a probe into how the automaker handled vehicle recalls over engine defects, online media Chosun Biz reported.
Qualcomm Inc is urging U.S. trade regulators to reverse a judge’s ruling and ban the import of some Apple Inc iPhones in a long-running patent fight between the two companies.
The United States should respect China’s right to develop and become prosperous, the Chinese government’s top diplomat told a visiting U.S. delegation, reiterating that the country’s doors to the outside world would open wider.
Southwest Airlines Co , which has been in negotiations with its aircraft mechanics union for six years, will be investigating the disruption behind an unprecedented number of out-of-service aircraft, its chief operating officer Mike Van de Ven said on Tuesday.
Elon Musk’s Tesla Inc is preparing to launch its leasing products for Model 3 to boost demand, news website Electrek said on Tuesday, citing an email sent to employees.
Oil prices slipped from 2019 highs on Wednesday as soaring U.S. production and expectations of an economic slowdown undermined efforts led by producer club OPEC to cut supply to tighten global markets.
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