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5 months 4 weeks ago

Factbox: India's telecom sector on the ropes after $13 billion levy ruling

India's telecoms sector has been rocked by a Supreme Court ruling last month that sided with the government in a dispute over how levies are calculated, saddling the industry with a combined $13 billion in fresh debt.

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5 months 4 weeks ago

EU court adviser says Amazon does not infringe trade mark rights in Coty case

Amazon is not breaching trade mark rights by stocking and shipping goods for third-party sellers, an adviser to Europe's top court said on Thursday, siding with the U.S. online retail giant against U.S. cosmetics company Coty .

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5 months 4 weeks ago

China's factory activity seen contracting for seventh month on trade pressure: Reuters poll

China's factory activity is expected to have contracted for the seventh straight month in November amid sluggish domestic demand a Reuters poll showed, despite some optimism over chances for an interim deal to de-escalate a trade war with the United States.

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5 months 4 weeks ago

After $13 billion levy ruling, future of India's tattered telecom sector hinges on government aid

The Indian government's win of a long-contested dispute over telecom fees could end up a Pyrrhic victory, as the billions of dollars in levies now owed are seen as burdens too big to bear for two of the country's three main carriers.

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5 months 4 weeks ago

Factbox: India's telecom sector on the ropes after $13 billion levy ruling

India's telecoms sector has been rocked by a Supreme Court ruling last month that sided with the government in a dispute over how levies are calculated, saddling the industry with a combined $13 billion in fresh debt.

Link
5 months 4 weeks ago

Oil falls for a second day amid rising U.S. inventories, output

Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose against expectations as production hit a record.

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5 months 4 weeks ago

Panasonic to sell its chip unit to Taiwan's Nuvoton for $250 million

Panasonic Corp said it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers.

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5 months 4 weeks ago

China's major shareholders sell A-shares, pressuring markets

Business owners and major shareholders are selling down their stakes in listed companies, producing a glut of shares in a market already under pressure from a slowing economy and the impact of the Sino-U.S. trade dispute.

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5 months 4 weeks ago

Drugmakers slash prices in China to get on reimbursement list

Drugmakers including Roche and Novartis' have agreed to cut the prices of some of their newest drugs by an average of 61% in China in order to get on a national reimbursement scheme list, regulators said.

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5 months 4 weeks ago

Exclusive: Facing U.S. sanctions, Venezuela offers suppliers payment in Chinese yuan - sources

Venezuela's government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China using the yuan currency, five people familiar with the matter said.

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