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India fails to break deadlock on GST

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NEW DELHI Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax.

India fails to break deadlock on new sales tax

NEW DELHI Indian Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax.

03 Dec 2016

India fails to break deadlock on new sales tax

NEW DELHI, Dec 3 Indian Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax.

03 Dec 2016

Exclusive - Peru would face 'huge sum' if it scraps Odebrecht contract: junior partner

PARACAS, Peru Odebrecht SA's junior partner on a natural gas pipeline project in Peru told Reuters Friday that the government would have to pay $1.2 billion to $1.4 billion in compensation if it decides to rescind the current contract as financing is stuck on corruption concerns.

03 Dec 2016

Delta Air to sell gasoline and diesel as losses at its refinery climb

NEW YORK, Dec 2 Delta Air Lines Inc is preparing to market gasoline from a refinery it owns outside Philadelphia, signaling a shift in strategy toward managing the plant as a commercial refiner rather than a dedicated jet fuel supplier.

03 Dec 2016

Fitch Affirms Wandsworth Council at 'AA'; Outlook Negative

(The following statement was released by the rating agency) BARCELONA, December 02 (Fitch) Fitch Ratings has affirmed the London Borough of Wandsworth's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'AA' with Negative Outlooks and Short-Term Foreign Currency IDR at 'F1+'. The ratings reflect the UK's strong institutional framework and Wandsworth's focused financial management, conservative budgeting, and low debt. However the ratings also reflect low operating margins

02 Dec 2016

UPDATE 1-Slovenia's NLB bank nine-month profit rises, bad loans fall

LJUBLJANA, Dec 2 Slovenia's largest bank Nova Ljubljanska Banka (NLB), which is due to be privatised next year, reported a group net profit of 91.5 million euros ($97.45 million) in the first nine months of 2016, up 18 percent on the same period in the previous year.

02 Dec 2016

Swiss industry still being squeezed by currency shock

ZURICH, Dec 2 Two years after the Swiss franc shock brought Switzerland to the brink of recession, Roland Goethe is still fighting for the future of the sheet metal company his grandfather set up 86 years ago.

02 Dec 2016

BRIEF-Vertex Pharmaceuticals appoints Ian Smith COO and CFO

* Vertex Pharmaceuticals -effective January 1, 2017, have appointed Ian Smith EVP - chief operating officer and chief financial officer

02 Dec 2016

Porous Texas border fence foreshadows challenges for Trump's wall

BROWNSVILLE, Texas The rose-coloured border security fence starts in a dusty field on the Loop family farm in South Texas - about 15 miles inland from the Gulf of Mexico and a mile north of the southern U.S. border. | Video

02 Dec 2016

Director's cut: Best-paid corporate boards

A seat on a corporate board is nice work if you can get it, especially at three companies that pay their directors more than $100,000 per meeting. A Reuters Special Report.  Full Article