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Updated: 2 min 50 sec ago

Graphic: India's petrol, diesel prices surge to record

1 hour 30 min ago
NEW DELHI (Reuters) - Pump prices of petrol and diesel in India surged to a record high on Thursday, raising pressure on the government to find a solution to provide relief to consumers without taking a hit on its finances.
Categories: India News

Sensex ends higher; IT stocks lead

1 hour 41 min ago
(Reuters) - Indian shares ended higher on Thursday as IT stocks such as Infosys Ltd and Tata Consultancy Services Ltd (TCS) gained on the back of a weaker rupee.
Categories: India News

Deutsche Bank axes at least 7,000 jobs in trading retreat

2 hours 12 min ago
FRANKFURT (Reuters) - Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients.
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GAIL India fourth-quarter profit surges nearly four-fold, misses estimates

2 hours 20 min ago
(Reuters) - State-owned gas utility GAIL (India) Ltd's fourth-quarter profit surged nearly four-fold, but missed analysts' expectations.
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India cuts power to smelter after deadly anti-pollution protests

2 hours 35 min ago
THOOTHUKUDI, India (Reuters) - Indian authorities on Thursday cut the power to a large copper smelter run by London-listed Vedanta Resources after police shot and killed 13 people in protests against what they say is pollution generated by the plant.
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Global Markets: Tariff fears hit car shares, lira back on the rack

2 hours 45 min ago
LONDON (Reuters) - World shares crept higher on Thursday as cars become the latest focus of U.S. protectionism worries, while Turkey's lira slumped back after a huge emergency interest rate hike failed to stem its problems.
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Nestle streamlines R&D to speed up product innovation

2 hours 53 min ago
LONDON (Reuters) - Food giant Nestle plans to combine its scientific research operations into a single unit in an attempt to speed up development of new products at a time when competition from smaller rivals is intensifying.
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China plans to cut import tariffs on some consumer goods from July 1: Bloomberg

3 hours 8 min ago
BEIJING (Reuters) - China plans to cut import tariffs on some consumer products ranging from food and cosmetics as early as July 1, Bloomberg reported on Thursday, citing unidentified sources.
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EU starts new investigation into steel imports from China

3 hours 37 min ago
BRUSSELS (Reuters) - The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday.
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India trying to get resolution soon on rising fuel prices: oil minister

4 hours 3 min ago
NEW DELHI (Reuters) - India is trying to get a resolution soon on tackling rising fuel prices, and the government is looking at both short-term and long-term solutions, said Oil Minister Dharmendra Pradhan on Thursday.
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Former Malaysia government used, sovereign fund deals for 1MDB dues: sources

4 hours 5 min ago
KUALA LUMPUR (Reuters) - The government of former Malaysian Prime Minister Najib Razak used funds from deals with the central bank and the sovereign wealth fund to pay for some of the liabilities of beleaguered state fund 1Malaysia Development Berhad (1MDB), sources with knowledge of the matter told Reuters.
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Jet Airways sinks on March-quarter disappointment

4 hours 10 min ago
(Reuters) - Shares of Jet Airways (India) Ltd on Thursday plunged to an over 15-month low after the company posted a 10.36 billion-rupee ($151.64 million) loss for the March quarter, as the aviation industry is grappling with higher fuel prices.
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Nifty, Sensex rise on surging IT stocks

4 hours 32 min ago
(Reuters) - Indian shares rose on Thursday, driven by IT stocks such as Infosys Ltd and Tata Consultancy Services Ltd on the back of a weak rupee.
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BOJ member warns against overly stimulating demand with easy policy

4 hours 37 min ago
MAEBASHI, Japan (Reuters) - Bank of Japan board member Makoto Sakurai said on Thursday excessive monetary easing could destabilise the economy and suggested the central bank could whittle down its massive stimulus programme if growth continues to strengthen.
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Global Markets: Asia share markets hit by U.S. auto tariff threat, dollar pulls back

4 hours 54 min ago
SHANGHAI (Reuters) - Asian shares fell on Thursday after the U.S. government launched a national security probe into car imports that could lead to new tariffs, and President Donald Trump's comments suggested setbacks in U.S.-China trade talks.
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Deutsche Bank to cut thousands of staff in investment bank revamp

5 hours 55 min ago
FRANKFURT (Reuters) - Deutsche Bank said on Thursday it will reduce global staff levels to well below 90,000 from the current 97,000, as part of a broad restructuring to reduce costs and restore profitability.
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Aryzta further cuts full-year EBITDA guidance

6 hours 27 min ago
(Reuters) - Swiss food company Aryzta further cut its full-year guidance for earnings before interest, tax, depreciation and amortisation (EBITDA) after saying EBITDA margins in the third quarter fell below management expectations.
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General Electric's power unit fights for growth as wind, solar gain

6 hours 44 min ago
NEW YORK (Reuters) - Vistra Energy Corp and Dominion Energy Inc – which serve about 5.5 million electricity customers in more than a dozen U.S. states – both say they are done building combined-cycle natural gas-fired power plants.
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Interview: Russia's top banker warns sanctions retaliation could backfire

6 hours 46 min ago
MOSCOW (Reuters) - German Gref, the head of Russia's biggest bank Sberbank, said a proposed law that could result in people being jailed for helping enforce U.S. sanctions would backfire on the Russian economy if implemented.
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Deadly protests land a blow to Indian resources magnate Agarwal's ambitions

7 hours 14 min ago
NEW DELHI (Reuters) - Indian billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources into a global resources giant. He has already bought stakes in big mining companies, such as Anglo American Plc, and says he plans to spend at least $1 billion on investments in Africa.
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