Business News

From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani's Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy made more urgent by the coronavirus pandemic.

South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives, they said on Thursday, in an investigation of a controversial 2015 merger and alleged accounting fraud.

The U.S. Transportation Department said late Wednesday it granted final approval to 15 airlines to temporarily halt service to 75 U.S. airports because of a lack of demand stemming from the coronavirus pandemic.

The U.S. Transportation Department said late Wednesday it granted final approval to 15 airlines to temporarily halt service to 75 U.S. airports because of a lack of demand stemming from the coronavirus pandemic.

South Korean prosecutors said on Thursday they had requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives as part of an investigation into a controversial 2015 merger and alleged accounting fraud.

To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06042020.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH 11:30 am: Uday Kotak, CII president and MD & CEO of Kotak Mahindra Bank, at a web conference in Mumbai. 4:00 pm: Former member of Central Board of Direct Taxes Akhilesh Ranja

Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic.

As the coronavirus jolts Japan, the government's huge stimulus package has come under fire from hard-hit restaurant owners for channelling funds for items like wagyu beef, melons and tourism rather than accelerating help for firms with burning cash needs.

Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic.

Brazilian meatpackers JBS SA , Marfrig and Minerva purchased thousands of cattle linked to deforestation of the Amazon rainforest since 2018, advocacy group Greenpeace Brasil alleged in a report published on Thursday.

Here are news stories, press reports and events to watch which may affect Romanian financial markets on Thursday.

The U.S. Department of Labor issued guidance on Wednesday that allows private equity investments to be offered to U.S. retirement plans as part of diversified investment funds, a move that the leveraged buyout industry has long called for.

LVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co , as U.S. social unrest and the coronavirus pandemic weigh on the retail sector, people familiar with the matter said on Wednesday.

Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported recent gains.

Snap Inc said it would no longer promote U.S. President Donald Trump's account in Snapchat's Discover section, saying his incendiary comments last week made the account ineligible for the curated section where users explore new content.

Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die.

The chief executive of Pilgrim's Pride Corp, a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.

More than three out of four U.S. human resource executives think more employees will continue to work from home even after the threat of the novel coronavirus subsides, according to a survey by a large business association released on Wednesday.

The United Auto Workers still needs to reform and a federal takeover remains an option, the U.S. prosecutor leading the investigation of corruption within the union told Reuters on Wednesday after the UAW's former president pleaded guilty to embezzlement.

ZoomInfo Technologies Inc on Wednesday priced its initial public offering (IPO) above its upwardly revised target range in the largest U.S. technology listing so far this year, people familiar with the matter said.