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India's coal efficiency drive risks ire of powerful unions
2 May 2016 at 5:14pm
NEW DELHI (Reuters) - Plans by India's coal monopoly to buy billions of dollars of new machinery and outsource work are facing resistance from powerful unions worried about job losses, in a potential blow to Prime Minister Narendra Modi's promise to bring electricity to all.
UK Business Secretary postpones Iran trip to focus on steel crisis
3 May 2016 at 4:52am
LONDON (Reuters) - Business Secretary Sajid Javid has postponed a major trade visit to Iran to focus on the future of Britain's steel industry, a spokesman from the business department said on Tuesday, as the government tries to save thousands of steelworkers' jobs.
ASEAN+3: need all policy tools to support growth
3 May 2016 at 4:46am
FRANKFURT (Reuters) - Asia's top economies will remain the engine of global growth this year producing relatively high expansion, but the risk of a global slowdown persists, a meeting of the ASEAN+3 finance minister and central banks governors concluded on Tuesday.
Indian stocks fall for second session on global growth woes
3 May 2016 at 3:25am
REUTERS - Indian stocks surrendered earlier gains and closed lower for a second straight session on Tuesday, tracking subdued regional stock markets as weak China factory data rekindled global growth worries.
Emerging market challenges unlikely to be overcome quickly, ECB says
3 May 2016 at 1:13am
FRANKFURT (Reuters) - The weakness of emerging economies could prove lasting as deep-seated structural problems rather than fleeting troubles are the root cause, posing a risk to growth even in advanced economies, the European Central Bank said on Tuesday.
Aviva takes an extra 23 percent stake in India JV partner Dabur Invest
3 May 2016 at 1:08am
(Reuters) - Insurer Aviva said on Tuesday it had purchased an additional 23 percent share in Aviva Life Insurance Company India Limited from joint venture partner Dabur Invest Corp.
Higher output pushes oil lower on supply glut fears
3 May 2016 at 2:40am
LONDON (Reuters) - Oil fell on Tuesday, as rising output from the Middle East and North Sea renewed concerns about a global supply overhang.
Liberty House to submit first bid for Tata Steel UK
3 May 2016 at 4:51am
LONDON (Reuters) - Metals group Liberty House sparked new hope for Britain's endangered steel industry on Tuesday by announcing the first firm bid for Tata Steel UK, potentially saving thousands of jobs.
Banks, tech companies move on from bitcoin to blockchain
3 May 2016 at 12:38am
NEW YORK (Reuters) - As a debate raged across the internet Monday over whether the mysterious founder of the bitcoin digital currency had finally been identified, executives at a major bitcoin conference in New York had a simple message: we've moved on.