Exclusive: India’s NTPC snubs foreign emissions tech, shuts out GE, others from $2 billion orders
Top Indian electricity generator NTPC has rejected the emissions-cutting technology of GE and other foreign firms for its coal-fired plants, documents show, shutting them out of an estimated $2 billion in orders.
Asian shares ease from highs, reaction to impeachment muted
Asian shares pulled back from a one-and-a-half year peak on Thursday as investors booked profits ahead of holiday trade and awaited further data on the state of the global economy.
French designs on dominance of Peugeot-Fiat rest on Tavares
Billed as a merger of equals, PSA’s $50 billion tie-up with Fiat Chrysler (FCA) gives the Peugeot owner one potentially big advantage, its own boss will be firmly behind the new wheel.
Fiat Chrysler CEO Manley to be part of new group after PSA merger: chairman
Fiat Chrysler Chief Executive Mike Manley will remain with the new group set to result from a planned merger with French rival PSA-Peugeot, Chairman John Elkann said on Wednesday.
Oil prices surf near three-month highs after U.S. crude inventories fall
Oil prices remained in touching distance of three-month peaks on Thursday, extending a robust streak that began a week ago, after data showed U.S. crude inventories had dropped while output cuts by major producers kept supply snug.
Dollar barely flinches after Trump impeachment, Aussie jumps on solid jobs data
The dollar took U.S. President Donald Trump’s impeachment in stride on Thursday while its Australian counterpart rallied after a surprise fall in the country’s unemployment rate.
Asian shares tiptoe higher, sterling wounded before BoE
Asian shares edged higher on Thursday amid growing confidence in the global outlook following improving economic indicators and a preliminary trade deal between the United States and China.
Dollar awaits impeachment vote, kiwi flies on GDP
The New Zealand dollar bounced from a one-week low on Thursday after the country’s third quarter economic growth came in stronger than expected while greenback traders awaited a vote to impeach U.S. President Donald Trump.
Canada’s SNC-Lavalin unit pleads guilty to fraud charge in Libya case
A division of SNC-Lavalin Group Inc pleaded guilty to one fraud charge and will pay a C$280 million fine related to projects in Libya, the company said on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis….
SEC proposes allowing more investors access to private companies
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.
