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Updated: 59 min 24 sec ago

Honda recalling 900,000 minivans because seats may tip forward

3 hours 20 min ago
WASHINGTON (Reuters) - Honda Motor Co said on Saturday that it was recalling about 900,000 minivans because second-row seats may tip forward if not properly latched after being adjusted.
Categories: India News

Volkswagen to invest $27 billion in core brand until 2022

7 hours 3 min ago
FRANKFURT (Reuters) - Volkswagen will invest 22.8 billion euros ($26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending programme aimed at bolstering its position as a maker of electric cars.
Categories: India News

India raises import tax on edible oils to highest in a decade

10 hours 25 min ago
MUMBAI/NEW DELHI (Reuters) - India has raised import tax on edible oil to the highest level in more than a decade, the government said in an order, as the world's biggest importer of edible oils tries to support its farmers.
Categories: India News

Exclusive: Toshiba set to OK $5 billion injection Monday to stay listed - sources

10 hours 30 min ago
TOKYO (Reuters) - Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.
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Reuters poll: Major U.S. tax cuts not likely this year - economists

10 hours 39 min ago
BENGALURU (Reuters) - U.S. Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll, who in any case were skeptical that the legislation would provide a significant boost to the economy.
Categories: India News

Moody's withdraws RCom's credit rating after missed payment

11 hours 28 min ago
MUMBAI (Reuters) - Rating agency Moody's said on Friday it has withdrawn its credit rating on Reliance Communications, as it considers the Indian telecom operator to be in default for missing an interest payment on its bonds that was due last week.
Categories: India News

India raises import tax on edible oils: government order

Fri, 11/17/2017 - 11:55pm
NEW DELHI (Reuters) - India doubled the import tax on crude palm oil to 30 percent, while the duty on refined palm oil has been raised to 40 percent from 25 percent earlier, the government said in an order late on Friday, as it tries to support local farmers.
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Global Markets: U.S. dollar, Wall Street fall with tax overhaul in focus

Fri, 11/17/2017 - 10:08pm
NEW YORK (Reuters) - The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law.
Categories: India News

China's home price growth picks up in October

Fri, 11/17/2017 - 10:06pm
BEIJING (Reuters) - China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling sales and a tighter liquidity environment.
Categories: India News

Global banks flag concerns over U.S. Senate tax proposal

Fri, 11/17/2017 - 7:26pm
WASHINGTON (Reuters) - Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry.
Categories: India News

Key NAFTA talks open in Mexico amid complaint of U.S. inflexibility

Fri, 11/17/2017 - 6:14pm
MEXICO CITY (Reuters) - A key round of talks to update the NAFTA trade pact formally opened on Friday, but within hours Canada was complaining about inflexibility by the United States, which is demanding big changes, a union leader said.
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Canada, Mexico try more flexibility as key NAFTA round opens

Fri, 11/17/2017 - 4:44pm
MEXICO CITY (Reuters) - A key round of talks to update the NAFTA trade pact formally opened on Friday with Canada and Mexico seeking to show more flexibility about addressing hard line U.S. demands that they had previously dismissed as unworkable.
Categories: India News

U.S. dollar, Wall St. fall with tax overhaul in focus

Fri, 11/17/2017 - 4:28pm
NEW YORK (Reuters) - The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law.
Categories: India News

U.S. dollar, Wall St fall as tax reform in focus

Fri, 11/17/2017 - 3:17pm
NEW YORK (Reuters) - The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at U.S. tax reform.
Categories: India News

U.S. rejects Ford petition to delay recall of 3 million vehicles

Fri, 11/17/2017 - 3:00pm
WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recall of about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.
Categories: India News

Canada, Mexico show more flexibility as key NAFTA round opens

Fri, 11/17/2017 - 1:47pm
MEXICO CITY (Reuters) - A key round of talks to update the NAFTA trade pact formally opened on Friday with Canada and Mexico showing more flexibility about addressing hardline U.S. demands that they had previously dismissed as unworkable.
Categories: India News

Exclusive - Vale delays sale of stake in New Caledonia nickel mine: sources

Fri, 11/17/2017 - 1:45pm
NEW YORK/VANCOUVER (Reuters) - Vale SA has decided to postpone the sale of a stake in its New Caledonia nickel mine after the world's largest iron ore producer decided initial bids were too low, two people with knowledge of the matter said.
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Volkswagen accelerates push into electric cars with $40 bln spending plan

Fri, 11/17/2017 - 1:22pm
WOLFSBURG/HAMBURG (Reuters) - Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars.
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Wall Street slips on worries over tax plan's progress

Fri, 11/17/2017 - 12:58pm
(Reuters) - Wall Street indexes were under pressure on Friday as investors were skeptical about the Republicans' efforts to pass the tax bill.
Categories: India News

Moody's gives Modi a boost by raising India's sovereign rating

Fri, 11/17/2017 - 12:15pm
MUMBAI/BENGALURU (Reuters) - Moody's Investors Service upgraded India's sovereign credit rating for the first time in nearly 14 years on Friday, saying continued progress on economic and institutional reforms would boost the country's growth potential.
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