Flipkart investors, employees trimming stakes as part of SoftBank deal: sources
MUMBAI (Reuters) – Some early Flipkart [IPO-FLPK.N] investors, employees and ex-employees are selling their shares in the Indian e-commerce firm as part of a $2.5 billion investment deal agreed with Japan’s SoftBank Group , two people familiar with the…
Kansai Electric, Kyushu Electric delay nuclear plant restarts for Kobe Steel checks
TOKYO (Reuters) – Two Japanese nuclear operators said on Thursday they will delay the restart of nuclear plants to check whether they have received compromised parts from Kobe Steel Ltd , which has admitted to widespread fabrication of data on products…
Qatar sovereign fund may support Qatar Airways, local projects, CEO says
DOHA, (Reuters) – Qatar Investment Authority (QIA), one of the world’s largest sovereign funds, may invest in local real estate development Katara and national carrier Qatar Airways as it supports local projects, its chief executive was quoted as sayin…
Aviva to spend $4 billion in excess cash in next two years
LONDON (Reuters) – British insurer Aviva expects to spend 3 billion pounds in excess cash over the next two years, the bulk of it in 2018, the insurer said on Thursday.
Oil edges up in timid trading ahead of OPEC meeting in Vienna
SINGAPORE (Reuters) – Oil prices edged up amid low trading volume on Thursday, ahead of an OPEC meeting in Vienna at which producers are expected to extend a supply-cut deal that came into effect in January with the goal of tightening supplies and prop…
Tech tumble hits Asian stocks, bitcoin steadies
TOKYO (Reuters) – Asian shares fell on Thursday, weighed down by a plunge in high-flying tech shares on fears that a long boom in micro-chips may have peaked, while virtual currency bitcoin steadied after a roller-coaster ride in the previous session.
Asian stocks fall as tech bellwethers hit by fear boom has peaked
TOKYO (Reuters) – Asian shares fell on Thursday, weighed down by a plunge in high-flying technology shares, a move that some see as a healthy correction after a strong rally but others believe may herald the peak of a “super cycle” that has been boosti…
Australia bows to years of pressure, announces inquiry into finance sector
SYDNEY (Reuters) – The Australian government said on Thursday it will hold a wide-ranging inquiry into a scandal-hit finance sector, arguing one was needed to restore public confidence as it reversed its long-held opposition amid mounting political pre…
Softbank offers to buy more Flipkart shares at reduced $9 bln-$10 billion valuation: Mint
(Reuters) – Japan’s Softbank Group Corp offered to buy an undisclosed number of shares in Indian e-commerce giant Flipkart at a reduced valuation in the range of $9 billion to $10 billion, the Mint daily reported on Thursday.
Oil markets on tenterhooks ahead of OPEC meeting in Vienna
SINGAPORE (Reuters) – Oil markets were cautious on Thursday ahead of an OPEC meeting in Vienna, with producers set to debate an extension of the supply-cut agreement that came into effect in January with the goal of tightening supplies and propping up …
