Tata escalates boardroom battle with Mistry, ousts him as TCS chairman
MUMBAI (Reuters) – India’s $100-billion steel-to-software Tata conglomerate sharply escalated a battle with its ousted chairman Cyrus Mistry, sacking him as head of the group’s flagship business and blaming him for nearly pushing the group holding firm…
Trump ok for Keystone XL pipeline may boost business: Bilfinger CEO
FRANKFURT (Reuters) – Bilfinger Chief Executive Thomas Blades said the election of Donald Trump as President may boost the German company’s chances of growing business in North America.
Greece to ease capital controls soon, needs debt measures: Stournaras
ATHENS (Reuters) – Greece will soon ease capital controls further but full liberalization will depend on progress in easing the country’s debt burden, which is also a precondition for entering the ECB’s asset buying scheme, central bank chief Yannis St…
BOJ can cut rates only to minus 0.5 percent: ex-BOJ official
TOKYO (Reuters) – The Bank of Japan has little room left to expand stimulus with a cut to around minus 0.5 percent the limit to how much further it can deepen negative interest rates, Hideo Hayakawa, a former senior central bank executive, said on Thur…
Siemens plans public listing of healthcare business
MUNICH (Reuters) – German trains-to-turbines group Siemens plans a public listing of its $15 billion healthcare business, it said on Thursday, in a further step to focus on its core strengths of factory automation, industrial software and energy techn…
China pushes Asia-Pacific trade deals as Trump win dashes TPP hopes
BEIJING (Reuters) – China will seek support for a Beijing-led Asia-Pacific free trade area at a regional summit in Peru later this month, Chinese officials said on Thursday, after Donald Trump’s U.S. election win dashed hopes for a U.S.-led free trade …
Tata Sons cannot appoint, only nominate TCS chairman: source
MUMBAI (Reuters) – Tata Sons, parent and biggest shareholder of Tata Consultancy Services (TCS) , can only nominate a new chairman for the company but not appoint him without the approval of the board of directors, a source close to Cyrus Mistry said o…
Vexation gives way to pragmatism as Wall Street girds for Trump
NEW YORK (Reuters) – Wall Street power brokers may have rolled their eyes in private when ex-Goldman Sachs Group Inc banker Steven Mnuchin agreed to be Donald Trump’s national finance chairman, but now they are lining up to meet him.
Wal-Mart boosts online holiday inventory for Black Friday
CHICAGO (Reuters) – Wal-Mart Stores Inc will boost its online inventory for Black Friday by more than half this year and make deals available on its website early Thanksgiving morning, as it pulls out all stops to grow online sales this holiday season…
China says U.S. has not told it about steel tariff-dodging probe
BEIJING (Reuters) – The United States has not told China about an investigation into whether Chinese companies shipped steel through other countries to avoid anti-dumping duties, China’s commerce ministry spokesman said on Thursday.
