Basic Materials

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UPDATE 5-China's Fosun raises offer for Club Med

* Bonomi's Global Resorts says reviewing options (Updates with comment from Bonomi's Global Resorts)

7:11pm IST

Russia's richest man responds to Putin's call to bring assets home

MOSCOW, Dec 19 - Russia's richest man Alisher Usmanov has transferred his holdings in mobile operator Megafon and iron ore producer Metalloinvest to Russian entities after President Vladimir Putin urged businessmen to bring their assets home.

6:02pm IST

UPDATE 3-BASF, Gazprom cancel gas asset swap as Russian crisis intensifies

* Deal cancelled due to "difficult political environment"

5:55pm IST

COLUMN-For base metals, a year of twists, turns and surprises: Andy Home

(The opinions expressed here are those of the author, a columnist for Reuters.)

5:53pm IST

UPDATE 2-UK households to pay $1.6 bln for backup power plants

(Adds context, comments from Deutsche Bank, E&Y, InterGen)

4:48pm IST
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Modi may use executive order to pass insurance, coal bills

NEW DELHI - Prime Minister Narendra Modi may consider an executive order to pass legislation overhauling the insurance and coal industries after parliamentary clashes raised concern about his ability to pass reforms to revive the economy.