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KKR pitches plan to resolve world’s highest bad asset ratio

KKR & Co. has proposed a plan to help India’s government clean-up the $180 billion of stressed assets that are weighing on the South Asian nation’s banking system and economy.

Banking & Finance News

Modi magic seen lasting in Indian stocks, Sensex may hit 32,000 by December end

Prime Minister Narendra Modi’s election-win magic looks to be casting a spell on the Indian stock market.

Markets News

Race to build offshore wind farms that float on sea gathers pace

Plans to install turbines on platforms that float in the sea are gathering pace as renewable energy developers seek new areas to harvest wind power.

Industry News

G-20 talks drag as US runs into resistance on trade language

Negotiations were bogged down on Saturday with the U.S. rejecting the latest German compromise on wording over trade, according to people familiar with the matter, asking not to be identified as the talks are private.

World News

China wary of US talk about `all options’ for North Korea

Chinese Foreign Minister Wang Yi pushed back against the tougher U.S. line on North Korea, reiterating his country’s view that the only way to rein in its reclusive neighbor is through talks.

World News

Warren Buffett opposes proposal to disclose political donations

Berkshire Hathaway Inc. investors will have a chance to vote on three shareholder resolutions opposed by Chairman Warren Buffett and his board, including a call for the firm to disclose any political contributions.

Industry News

Paris Orly airport shut after police kill man who grabbed gun

One passenger wrote on Twitter that shots had been fired in the south terminal.

World News

Saudi ‘Mission Impossible’ makes longer OPEC cuts inevitable

Saudi Energy Minister Khalid Al-Falih said that OPEC would extend the cuts after they expire in June if oil stockpiles were “still above the five-year average.”

Economy News

Challenge to Airbus and Boeing: China’s homemade C919 jet poised for first flight by end-April

The Chinese C919 aircraft will be powered by the LEAP engine, made by CFM International, an equal joint venture between Safran and General Electric Co.

Industry News

Pakistan Airlines’ German CEO barred from leaving country 

The order comes as the nation looks to turnaround the carrier that hasn’t made a profit in more than a decade by adding planes and increasing flights on profitable routes.

World News

Apple plans two more Chinese research hubs as iPhone sales slow

Apple said it plans to build new research facilities in the eastern Chinese cities of Shanghai and Suzhou, on top of centers already slated for Beijing and the southern city of Shenzhen. It also pledged to spend at least 3.5

Industry News

Cape Town, crown jewel of South Africa’s tourism industry, has 100 days before it runs out of water

After two years of the least rainfall on record, the average level of the six main dams that supply the city of 3.7 million people has dropped below 30 percent, one of the lowest levels on record.

World News

With Uttar Pradesh sweep, Modi can be even more risky with an ambitious Pakistan policy

A landslide election victory and a more conciliatory army chief may not be enough to push nuclear-armed enemies India and Pakistan toward renewed talks, even as small signs of cooperation over sensitive security issues emerge

modi as poet, pm narend News

Indian stocks expensive? S Naren of ICICI Prudential says there is room for markets to rise more

Viewed against its regional peers, the rallying Indian stock market is expensive. Looking at it in terms of its own past, however, a case can be made that there’s room to rise.

Markets News

When billionaire Anil Agarwal became an activist investor

Indian mining billionaire Anil Agarwal wins a gold star for boldness. His timing? "Could do better."

Industry News

Gold Party Back On as US Fed Chair Janet Yellen Assures Market of gradual rate path

The gold rally had faltered in March after two straight monthly gains amid concerns that the Fed would raise interest rates this year at a faster pace than it projected in December.

Markets News

Uber highly priced at $69 billion, its model unlikely to survive the second decade of existence

The model has made Uber, founded in 2009, the highest-valued private technology company. Yet it's unlikely to survive the second decade of Uber's existence.

Industry News

World Bank praises Nilekani’s Aadhaar, says the system in India is the most sophisticated

A new internet is being built: it has 1.1 billion users, a third of the world wide web. Indian banks are running transactions on it and Microsoft has embedded it into Skype.

India News

Bad news for Modi and Indian bonds as states go on borrowing binge

Prime Minister Narendra Modi’s government is finding itself pitted against an unlikely competitor as it pursues bond investors to finance the budget deficit: Indian states.

Markets News

Twitter Swastika hack comes at fragile time for company

With revenue already forecast to decline this year, Twitter Inc can’t afford to spook users or brands.

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Yahoo probe accelerates: Two Russian spies indicted in massive hack

U.S. officials are planning to unseal charges against four people, including two linked to the Russian intelligence service, related to the hacking attacks against Yahoo! Inc., according to a person briefed on the matter.

Industry News

Google ramps up investment in fiber cable, training Africans

Google Inc. is scaling up investment in Africa by laying fiber optic cable, easing access to cheaper Android phones and training a workforce in digital skills as the U.S. technology giant seeks to expand on the continent.

Google, UK, Philipp Schindler, YouTube, Britain News

Deutsche Bank may sell its Indian retail business to boost capital

Deutsche Bank AG is weighing the sale of its Indian retail businesses as the German lender considers asset disposals to help boost capital levels, two people with knowledge of the matter said.

Banking & Finance News

Saudi prince Salman meets Trump, claims “a historic turning point” in ties

Saudi Arabia, seeking to breathe life into its decades-old alliance with the U.S., claimed “a historic turning point” in bilateral relations after President Donald Trump welcomed Deputy Crown Prince Mohammed bin Salman to

World News

Volkswagen slashes executive pay by 37% in wake of diesel crisis

Volkswagen AG slashed compensation of senior executives by 37 percent last year as the German automaker reacted to criticism of past generous pay packages in the wake of the diesel-cheating scandal.

Industry News

WikiLeaks is making the world a more dangerous place

Over the last decade, WikiLeaks has heedlessly published sensitive diplomatic cables, classified military files, secret trade documents and politically explosive emails.

World News