Japan’s Mizuho sees pickup in US M&A lending after tax cut
TOKYO (Reuters) – Japan’s Mizuho Financial Group Inc sees a pickup in overseas lending after a slowdown last year in the United States, where a recently enacted corporate tax cut is widely expected to spur mergers and acquisitions (M&As).
Jittery U.S. bond market braces for supply wave
NEW YORK (Reuters) – Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their work cut out for them as the U.S. government seeks to sell $258 billion worth of debt this coming…
In boost to reform, Saudi Arabia’s cabinet approves bankruptcy law
DUBAI/KHOBAR, Saudi Arabia (Reuters) – Saudi Arabia’s cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors.
Billion dollar diamond fraud case puts India’s state banks in focus
By Krishna N. Das, Aditya Kalra, Devidutta Tripathy and Tom Lasseter
India’s Reliance, global tech firms to invest $9.3 billion in industrial area
MUMBAI (Reuters) – India’s Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company’s chairman Mukesh A…
Software may have helped Daimler pass U.S. emissions tests: report
BERLIN (Reuters) – U.S. investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported on Sunday, citing confidential documents.
Proxy advisory firm ISS says Qualcomm should negotiate sale to Broadcom
(Reuters) – U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter’s sweetened $121 billion offer, proxy advisory firm Institutional Shareholder Services Inc (ISS) said.
Judge approves Takata’s U.S. bankruptcy plan
WILMINGTON, Del. (Reuters) – Takata Corp’s U.S. unit received court approval for its bankruptcy exit plan, a plaintiffs’ law firm said on Saturday, clearing the way for a $1.6 billion sale of Takata assets and providing compensation for those injured b…
Exclusive: Indian banks may take more than $3 billion hit from PNB fraud – tax department
NEW DELHI (Reuters) – Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the center of a massive alleged fraud at the state-run Punjab National Bank, the tax department has estimat…
Stock volatility: back with a bang and here to stay
NEW YORK (Reuters) – U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders have rapidly dialed down fear.
