Bhinneka News Online: Reuters Before the Bell: Exclusive: India aims to raise $47 billion from stake sales in state firms over 5 years

Friday, 12 July 2019

Reuters Before the Bell: Exclusive: India aims to raise $47 billion from stake sales in state firms over 5 years - sources

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Friday, July 12, 2019

Exclusive: India aims to raise $47 billion from stake sales in state firms over 5 years - sources

The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters, in the nation's biggest privatization push in more than two decades.

Volkswagen to contribute $2.6 billion to Ford's autonomous venture: source

Carmaker Volkswagen will inject $1 billion in capital and $1.6 billion worth of assets into Ford's self-driving unit, a source close to the matter said on Friday, as the two carmakers deepen a global alliance to share costs.

Daimler warns on profit again, blames diesel and recall costs

Luxury carmaker Daimler cut its profit forecast for the fourth time in 13 months on Friday, as it set aside more money to cover a regulatory crackdown on diesel emissions and vehicle recalls related to Takata airbags.

Shares flat as investors digest economic data, dollar dips for third day

World shares came within a whisker of posting their first weekly loss since May on Friday and the dollar was down for a third day running, as even stronger than expected U.S. inflation failed to shake bets on Federal Reserve interest rate cuts.

China's June exports, imports fall as trade war takes heavier toll

China's exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further weakness in the world's second-largest economy and slackening global growth.

Expectations are low for bank earnings but investors say 'buy'

Low interest rates and weak trading volume have pushed down Wall Street's second-quarter estimates for the biggest U.S. banks, yet investors still say they want in on the sector.

Airbus pulls anniversary book over fraud probe concerns: sources

Airbus has halted sales of a new book that the planemaker had commissioned for its 50th anniversary to avoid hampering the manufacturer's attempts to win a settlement in a bribery probe, two people familiar with the matter said.

China June rare earth exports rise, snapping two months of declines

China's rare earth exports rose by 9% in June from May, customs data showed on Friday, snapping two months of declines that had stoked worries over supply from the world's top producer of the materials amid the Sino-U.S. trade dispute.

China June soybean imports fall on trade war, deadly pig disease

China's soybean imports fell 11.5% in June from May, customs data showed on Friday, as the Sino-U.S. trade war and an outbreak of deadly African swine fever curb demand.

China's June coal imports fall as local miners boost output

China's June coal imports fell 1.4% from May to 27.1 million tonnes, official data showed on Friday, as local miners boosted output to ensure adequate supply ahead of summer.