MUMBAI - Ample monsoon rainfall in June accelerated planting of main crops such as rice and cotton, government data showed on Friday, though the current dry spell could slow down the pace of sowing in coming weeks.
Recent Business News
BEIJING/SHANGHAI - China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a nose-dive that is threatening the world's second-largest economy.
- Newly appointed Credit Suisse AG Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank's businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm.
TORONTO - An Ontario court on Friday rejected the city of Toronto's request for an injunction to halt Uber's operations in Canada's largest city.
HONG KONG - The operator of Hong Kong's stock exchange said it will introduce new controls to rein-in volatility, in a long-awaited announcement that comes as Chinese shares see wild price swings, fueling fears of a mainland market collapse.
TOKYO - Japan's Toshiba Corp may need to mark down past earnings by over 100 billion yen ($814 million), more than double earlier estimates, after an investigation into past accounting practices found more irregularities, a source familiar with the matter said on Saturday.
Ex-Goldman director Rajat Gupta fails to void insider trading conviction Full Article