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  • Britain's ministry of defence said on Saturday that construction work will begin on the country's new nuclear submarines, announcing nearly 1.3 billion pounds ($1.7 billion) of new investment with defence firm BAE Systems. Lawmakers backed renewing Britain's ageing nuclear weapons system earlier this year, a multi-billion …

  • Arundhati Bhattacharya, Chairman of the State Bank of India, poses with the company's logo at the bank's headquarters in Mumbai

    India has given State Bank of India's Arundhati Bhattacharya a one-year extension as chairman, the nation's top lender by assets said, allowing her more time to lead a clean-up of bad assets and oversee a merger of affiliates. Bhattacharya, 60, was due to complete her current three-year term on Oct. 6. Bhattacharya is …

  • MILAN (Reuters) - A Milan court has ordered 13 former and current managers at Banca Monte dei Paschi di Siena (BMPS.MI), Nomura and Deutsche Bank (DBKGn.DE) to stand trial for alleged financial crimes, ...

  • Indian Finance Minister Arun Jaitley speaks at an "Invest in India" forum in Beijing

    A government amnesty targeting tax evasion in India has prompted tens of thousands of suspected tax dodgers to disclose nearly $10 billion in undeclared income, the finance minister said on Saturday. The government of Prime Minister Narendra Modi sent out about 700,000 notices earlier this year to suspected evaders to …

  • Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex, has bought one of Madrid's most famous skyscrapers for 490 million euros ($551 million) through his property investment arm, a source said. The purchase marks another step in the famously-reclusive billionaire' s strategy to …

  • High-profile Conservatives outlined proposals for a post-Brexit system of work permits on Saturday, highlighting the pressure Prime Minister Theresa May faces to cut immigration and appease eurosceptics while addressing the concerns of business leaders. May is due to speak on Sunday during the first day of the ruling Conservatives' …

  • German carrier AirBerlin's aircrafts are pictured at Tegel airport in Berlin

    Air Berlin (AB1.DE) has reached an agreement on pay and conditions for its cabin crew, helping it as it embarks on a drastic restructuring, it said on Saturday. The loss-making German airline this week announced sweeping changes to the company including leasing 40 planes to Lufthansa (LHAG.DE), putting its popular tourist …

  • Motorists pump petrol at Petronas petrol station in Putrajaya

    Petronas, as the company is known, said in a statement on Saturday that it "categorically denied" the Reuters report on Friday that the company is considering the stake sale. "Petronas reiterates that, together with the project partners, it will study the conditions that come with the approval and conduct a total review …

  • Petronas, as the company is known, said in a statement on Saturday that it "categorically denied" the Reuters report on Friday that the company is considering the stake sale. "Petronas reiterates that, together with the project partners, it will study the conditions that come with the approval and conduct a total review …

  • Malaysian state oil firm Petroliam Nasional Bhd, or Petronas, said it "categorically denied" a Reuters report that it was considering selling its majority stake in a $27 billion Canadian liquefied natural gas (LNG) project. Petronas is weighing several options for the project that was approved earlier this week by Canada, …

  • A federal jury in Texas on Friday night ordered Apple Inc to pay more than $302 million in damages for using VirnetX Holding Corp's patented internet security technology without permission in features including its FaceTime video conferencing application. The verdict came in a new trial in Tyler, Texas that had been ordered …

  • Japan and India are likely to sign a civil nuclear cooperation pact during a visit to Japan by Indian Prime Minister Narendra Modi in mid-November, the Mainichi newspaper reported on Saturday. The governments of Asia's second- and third-largest economies are leaning toward holding a summit meeting between Modi and his …

  • Sources told Reuters this month that Depomed was preparing to explore a sale and talks with potential buyers are expected to start shortly after a ruling on Nucynta, the company's biggest drug. Activist investor Starboard Value LP in April called on Depomed to explore a sale after disclosing a stake of close to 10 percent. …

  • An employee works on an assembly line producing automobiles at a factory in Qingdao

    Activity in China's manufacturing sector expanded again in September, an official survey showed on Saturday, which may indicate that recent positive momentum can be sustained. After a significant pick-up in March, China's official PMI slipped, falling below 50 in July before showing expansion in August. Economists say …

  • A 100 Yuan note is seen in this illustration picture in Beijing

    China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power. The yuan joins the U.S. dollar, the euro, the yen and British pound in the IMF's special drawing rights (SDR) basket, which determines currencies …

  • The rear of a Lexus SUV equipped with Google self-driving sensors is seen during a media preview of Google's prototype autonomous vehicles in Mountain View, California

    California will allow companies more leeway in testing self-driving cars on public roads while restricting how the nascent technology is advertised under revised draft regulations released on Friday. The original draft regulations by the Department of Motor Vehicles were criticized by some tech companies, such as Alphabet …

  • Volkswagen AG (VOWG_p.DE) confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of its $16.5 billion (£12.7 billion) diesel emissions settlement to date. VW's dealers will receive an average of $1.85 million each on average over 18 months under the settlement that was first announced …

  • BEIJING (Reuters) - Activity in China's services industry expanded in September at a slightly faster pace than the previous month, an official survey showed on Saturday. The official non-manufacturing ...

  • BEIJING (Reuters) - Activity in China's manufacturing sector expanded slightly in September, an official survey showed on Saturday. The official Purchasing Managers' Index (CNPMIB=ECI) (PMI) stood at 50.4 ...

  • Noranda Aluminium Holding Corp (NORNQ.PK) said on Friday it sold its 263,000 tonne-per-year New Madrid primary aluminium smelter in Missouri to ARG for $13.7 million in a court-approved auction. Noranda filed for bankruptcy in February after struggling with a sharp downturn in aluminium prices (CMAL3) amid a global glut. …

  • A long-planned transfer of the internet's technical management from the U.S. government to a global community of stakeholders is expected to take place on Saturday despite last-minute attempts by conservative politicians and officials to delay the changeover. The U.S. Department of Commerce is due to cede stewardship of …

  • The Federal Reserve building in Washington

    The limits of central bank largesse are set to be a hot topic in the coming week as global policymakers head to Washington for the annual International Monetary Find meetings and key data may harden the case for a tightening of U.S. monetary policy. After September brought the latest overhaul of monetary policy from the …

  • Britain's Prime Minister May leaves 10 Downing Street in central London, Britain

    British Prime Minister Theresa May ordered a review of employment practices on Saturday, saying she wanted to ensure workers' rights were protected under changing business models and a growing trend towards flexible or self-employment. The review comes ahead of the ruling Conservative Party's annual conference, May's first …

  • Britain's Chancellor of the Exchequer Phillip Hammond waits to greet Hong Kong's Chief Secretary for Administration Carrie Lam at 11 Downing Street in London

    British controls on immigration following the country's referendum decision to leave the European Union must not be damaging for the economy, finance minister Philip Hammond was quoted as saying in the Daily Telegraph story on Friday. Hammond told newspaper that Britain would use any new immigration powers "responsibly" …

  • Yahoo's disclosure that hackers stole user data from at least 500 million accounts in 2014 has highlighted shortcomings in U.S. rules on when cyber attacks must be revealed and their enforcement. The Yahoo hack could become a test case of the SEC's guidelines, said Jacob Olcott, former Senate Commerce Committee counsel …

  • Los Angeles-based BlackLine, founded in 2001 by Chief Executive Therese Tucker, counts Coca-Cola Co (KO.N), Under Armour (UA.N) and Dow Chemical Co (DOW.N) among its 1,500 customers. Reuters reported last week that the company was preparing for an IPO that could value it at more than $1 billion. Goldman Sachs, J.P. Morgan, …

  • A Deutsche Bank sign is seen on the floor of the New York Stock Exchange

    Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds. Deutsche shares traded in the United States (DB.N) hit a record low on Thursday, falling as much …

  • People sit outside the NYSE during the morning commute

    After getting strong encouragement from investors, the company kept nudging up the asking price for shares from the $11 to $13 range set early last week, co-founder and Chief Executive Officer Dheeraj Pandey said in an interview on Friday. Nutanix's higher-than-expected valuation and first-day pop demonstrated that once-skeptical …

  • The company also said President Gordon Coburn had resigned and would be replaced by Rajeev Mehta, the head of IT services. Cognizant, which gave no reason for Coburn's departure, did not respond to a query on whether it was linked to the probe.

  • San Jose, California-based Nutanix's share price exceeds the $13.40 value last placed on its shares in a 2014 funding round, an upgrade encouraging for the many unprofitable technology companies that, like Nutanix, have been weary of testing public market valuations. Its $16 IPO price was above its indicated range of $13 …

  • Traders work on the floor of the NYSE

    Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German bank. Deutsche Bank's U.S.-listed shares (DB.N) (DBKGn.DE) jumped 14 percent a day after sinking to a record low. French news agency AFP reported that Deutsche Bank was nearing …

  • Traders work at their desks in front of the German share price index DAX board in Frankfurt

    By Richard Leong NEW YORK (Reuters) - Stock prices across major markets rose on Friday, while the euro stabilized as Deutsche Bank's shares recovered from record lows on a report it is close to a deal ...

  • File photo of shipping vessels and oil tankers lining up on the eastern coast of Singapore

    Oil prices settled mixed on Friday while posting their second straight monthly gain on OPEC's planned output cuts, even as scepticism about the cartel's pledge grew after data suggested another record high in its production. Brent crude settled up 4 percent for September and U.S. West Texas Intermediate (WTI) crude rose …

  • Traders work on the floor of the NYSE

    By Richard Leong NEW YORK (Reuters) - Stock prices across major markets rose on Friday, while the euro stabilized as Deutsche Bank's shares recovered from record lows on a report it is close to a deal ...

  • Newly-appointed PT Garuda Indonesia CEO Arif Wibowo attends a news conference at Garuda Indonesia head office in Tangerang

    Garuda Indonesia's (GIAA.JK), the country's national carrier, expects its return to the United States next year with three flights a week to generate about 5 percent of the airline's top-line passenger revenue for 2017, its chief executive said. The airline is now negotiating rights to start service from Jakarta to Los …

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