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Tata Steel to sell SAW mills in UK to Liberty House Group Tata Steel to sell SAW mills in UK to Liberty House Group

The sale agreement covers the 42-inch and 84-inch pipe mills, also known as the SAW mills, where about 140 employees manufacture pipeline for gas and oil projects around the world, the company said in a statement.

Nepal officials to hold talks with India on GST Nepal officials to hold talks with India on GST

The delegation will discuss issues concerning Goods and Services Tax (GST) recently imposed in India in relation to the bilateral Trade and Transit Treaty between the two countries, officials said here.

Remove barriers, reduce subsidies to open up trade: IMF chief Remove barriers, reduce subsidies to open up trade: IMF chief

Complementing the G20 leaders for adopting an action plan to strengthen the global financial safety net during the two- day Summit that ended last night, Lagarde said the world needs to continue to collaborate to address risks and ensure strong, sustained, balanced and inclusive growth.

SBI in Nepal launches digital village SBI in Nepal launches digital village

The State Bank of India has launched a digital village initiative in Nepal by installing a cash recycling centre.

PM Modi invites Norway pension funds to invest in India PM Modi invites Norway pension funds to invest in India

Modi congratulated in person Moon on his victory in presidential elections, while the South Korean President recalled the prime minister's congratulatory phone call and tweet in Korean language, saying it was warmly received by the people of South Korea.

India in talks with Canada's Teck Resources to buy coking coal India in talks with Canada's Teck Resources to buy coking coal

India has joined top buyers China and Japan to scour new markets after a powerful cyclone hit Australia that knocked out rail lines carrying coking coal to ports for export, causing a surge in prices.

China's FAW to recall 680,000 more Mazda cars over faulty Takata airbags China's FAW to recall 680,000 more Mazda cars over faulty Takata airbags

China`s FAW Car Co Ltd, a partner of Japan`s Mazda Motor Corp, will recall over 680,000 Mazda cars due to issues with air bags that were supplied by embattled Japanese auto parts supplier Takata Corp.

IMF, World Bank call for removing trade barriers IMF, World Bank call for removing trade barriers

Stressing that governments must find better ways of supporting workers, they said each country needs to find its own mix of policies that is right for their circumstances.

PM Modi pitches for expediting BRICS rating agency PM Modi pitches for expediting BRICS rating agency

Expeditious action should be taken to establish the BRICS credit rating agency, Prime Minister Narendra Modi said on Friday, while emphasising that international financial institutions should reflect the world's current economic balance.

Global Markets: Central banks in focus as oil slump, spiking bond yields dent risk appetite

Bond markets are having an increasing impact on FX and equity markets, the strategists said, drawing parallels with moves seen in 2013 during the so-called "taper tantrum," when Fed signals about withdrawing liquidity hit markets. 

 

LG Electronics says second-quarter profit likely rose 14% year-on-year LG Electronics says second-quarter profit likely rose 14% year-on-year

Revenue likely rose 3.9 percent to 14.6 trillion won, also lower than the 15.1 trillion won SmartEstimate.

Twitter's lawsuit over surveillance can move forward: US judge Twitter's lawsuit over surveillance can move forward: US judge

In a boost to Twitter's effort to reveal more about surveillance requests from the US government, a US judge has ruled that the microblogging site can move forward with a lawsuit over the discussion of national security letters.

Warren Buffett's Berkshire Hathaway nears $18 bn deal for Oncor

The energy unit of Warren Buffett`s Berkshire Hathaway Inc is nearing a roughly $18 billion deal to acquire Oncor Electric Delivery Company LLC, people familiar with the matter said, three years after the utility`s parent entered bankruptcy.

Samsung Electronics expects record-high Q2 profits Samsung Electronics expects record-high Q2 profits

Samsung Electronics expects profits to soar 72 percent in the second quarter to a record high, it said on Friday, as it moves on from a recall debacle thanks to rising memory chip prices and increased demand for smartphones.

Microsoft to start layoffs today in sales force shake-up Microsoft to start layoffs today in sales force shake-up

The technology giant cut 7,800 jobs in 2015, and 4,700 last year.

LeEco boss asks for time, pledges to pay back debts LeEco boss asks for time, pledges to pay back debts

Jia, writing in a post on his public WeChat account, apologised for causing worry, pledged to pay back LeEco`s debts and to stick to its ambitious electric vehicle project.

SoftBank aims to raise $3 billion-$5 billion via bond issue SoftBank aims to raise $3 billion-$5 billion via bond issue

SoftBank Group Corp is targetting raising between $3 billion and $5 billion through an offering of U.S. dollar bonds, according to a person familiar with the plans.

State Bank of Pakistan says 3% currency drop to address external pressures, help economy State Bank of Pakistan says 3% currency drop to address external pressures, help economy

Pakistan`s central bank said on Wednesday a sudden 3 percent weakening of the rupee against the dollar would help the country`s external account and shore up economic growth.

India, Israel launch 5-year tech fund to further biz ties India, Israel launch 5-year tech fund to further biz ties

India and Israel on Wednesday launched a five-year technology fund, reminiscent of a fund that boosted the Jewish state's ties with US over four decades, and agreed to holds talks for an investment protection treaty in a bid to boost trade and business ties.

Troubled China tech giant LeEco confirms assets frozen

Assets linked to Chinese tech giant LeEco have been frozen in a dispute with a creditor, a unit of the troubled company has confirmed, highlighting its perilous financial state.