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'Adani has to pay royalties in full for coal mine'

Adani Enterprises will get no exemption or discounted rates on royalties it has to pay to develop its Carmichael coal mine project in Australia, Queensland state Premier Annastacia Palaszczuk said on Saturday.

Apple opens first official store in Southeast Asia Apple opens first official store in Southeast Asia

Apple opened its first Southeast Asia store in Singapore on Saturday, drawing hundreds of excited fans to the swanky two-storey site in the city`s upmarket shopping district.

Softbank inducts India-born Rajeev Misra into board

Japanese conglomerate Softbank on Friday announced induction of India-born Rajeev Misra on its board of directors.

ArcelorMittal tipped to take over Italy`s Ilva

A consortium led by global steel giant ArcelorMittal is tipped to take over Italy`s troubled Ilva steelworks, one of the most polluting industrial sites in Europe, a source told AFP on Friday.

US economy grows at tepid 1.2%; business spending softens

The US economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.

China says considering tighter controls on yuan currency

China said Friday it is considering a change to its mechanism for managing its currency to buffer it against market forces, in an apparent step back from liberalisation pledges.

OPEC to extend output cuts, to set up OPEC-India Working Group

Even as the OPEC and non-OPEC producers agreed to extend until March 2018 their ongoing oil output cuts, India has reached an understanding with the global oil cartel to establish a joint working group to serve as a forum for "producer-consumer dialogue" to address mutual concerns.

China's reforms not enough to arrest mounting debt: Moody's China's reforms not enough to arrest mounting debt: Moody's

China`s structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody`s said.

13 years after quitting, Facebook CEO Mark Zuckerberg gets honorary Harvard degree 13 years after quitting, Facebook CEO Mark Zuckerberg gets honorary Harvard degree

Facebook's CEO Mark Zuckerberg returned to Harvard,  the school he dropped out of to start the pioneering social network.

World stocks hit record after Fed minutes, oil up as OPEC meets

World stocks hit record highs on Thursday and the dollar dipped after the US Federal Reserve signalled caution in raising interest rates, while oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year.

General Motors to cut jobs in international HQ in Singapore -source General Motors to cut jobs in international HQ in Singapore -source

About 90 employees will leave the company by the end of June and 40 by the end of 2017.

Moody's slashes Hong Kong rating following China cut

Hong Kong on Thursday hit back at a decision by Moody's to cut its credit rating on the city, which the agency said was becoming increasingly close to mainland China.

Moody's downgrading based on inappropriate methodology: China

China's Finance Ministry today dismissed a credit downgrade by Moody's, saying it is based on "inappropriate methodology" and argued that the rating firm has overestimated the difficulties faced by the world's second largest economy.

Euro zone stability risk contained but rising - ECB

Financial stability risks in the euro zone are contained but remain significant and have even increased in some areas over the past six months, the European Central Bank said in a regular stability review on Wednesday.

US revives two infra projects in Asia to counter China's One Belt One Road US revives two infra projects in Asia to counter China's One Belt One Road

The US has revived two major infrastructure projects in South and Southeast Asia in which India would be a vital player, a move that could potentially act as a counter to China's ambitious Belt and Road initiative.

Oil prices rise as market expects extended production cut Oil prices rise as market expects extended production cut

Oil prices rose on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.

German consumer confidence up for second month

German consumers remain in an upbeat mood for a second month in a row, dismissing risks on the horizon in view of a humming economy, said a closely-watched survey Wednesday.

OPEC set to prolong oil output cuts by nine months OPEC set to prolong oil output cuts by nine months

OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.

Moody's downgrades China for the first time in 30 years, warns of fading financial strength as debt mounts Moody's downgrades China for the first time in 30 years, warns of fading financial strength as debt mounts

Moody`s Investors Service downgraded China`s credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise.

US sues Fiat Chrysler for diesel emissions cheating

US environmental regulators on Tuesday filed a lawsuit against automaker Fiat Chrysler, accusing the company of installing devices on its cars that hid harmful emissions during testing.