Unilever shares tumble 8 percent after Kraft ditches bid
LONDON Shares in Anglo-Dutch consumer goods group Unilever dropped 8 percent on Monday after U.S. rival Kraft Heinz Co abruptly ditched its surprise $143 billion merger proposal.
NEW DELHI Accumulated losses at SpiceJet (SPJT.BO) have fully eroded the net worth of the company as at September 30, its auditors said on Monday, after the second biggest budget carrier in India posted a quarterly net loss.
The company's ability to operate on a "going concern" basis is "significantly" dependent on establishing continued profitable operations and raising cash to meet short- and long-term obligations, the auditors said in a review report to the company.
(Reporting by Anurag Kotoky; Editing by Anupama Dwivedi)
SINGAPORE The following are some highlights of Singapore's budget proposals for the fiscal year that begins April 1.
Gold prices held steady on Monday, with investors looking ahead to a clutch of speeches from U.S. Federal Reserve officials later in the week for clues on the timing of possible interest rate hikes.