EU needs united approach on foreign investment to gain China’s respect
BEIJING, Jan 10 (Reuters): Europe needs a united approach in protecting its strategic assets from foreign takeovers if it wants to be respected by China, French President Emmanuel Macron said on Wednesday.On the final leg of his three-day visit to China, Macron urged leaders from other European Union countries to...
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India allows foreign investors to own up to 49pc of Air India
NEW DELHI, Jan 10 (Reuters): India cleared a proposal on Wednesday to allow foreign investors to own up to a 49 per cent stake in state-run carrier Air India, paving the way for global airlines to bid for the loss-making flagship carrier.It brings Air India, which previously had to be...
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American oil prices hit high since 2014, but analysts warn of overheated market
SINGAPORE, Jan 10 (Reuters): US oil prices hit their highest since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating.A broad global market rally, including stocks, has also been fuelling investment into crude oil futures.US...
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UK fines Carphone Warehouse 400,000 pounds over data breach
LONDON, Jan 10 (Reuters): Britain's information regulator said on Wednesday it had fined Carphone Warehouse 400,000 pounds ($539,400) after a 2015 cyber attack exposed the personal data of more than 3 million customers.The Information Commissioner's Office (ICO) said the electrical goods and mobile phone retailer, owned by Dixons Carphone, left...
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US grain cos fear harm from new tax law
CHICAGO, Jan 10 (Reuters): The new US tax law is poised to drive more control over the nation's grain supply to farmer-owned cooperatives, provoking concern among ethanol producers and privately run grain handlers that they could be squeezed out of the competition to buy crops.Until now, the cooperatives, private companies...
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