Tags: US

Indian Oil Corp plans USD800 million share sale

Two unnamed sources said India would be selling 10% of its stake in Indian Oil Corp. India planned to sell 10% of its stake in Indian Oil Corp. That would amount to USD800 million, two sources familiar with the matter said.


SolarWorld looks to buy Bosch's solar plant

Germany's SolarWorld engaged in talks to buy car parts supplier Bosch's solar plant in Arnstadt.

China's Tencent buys into Snapchat

China's Internet giant Tencent Holdings Ltd. made a move to shower Silicon Valley's app maker Snapchat with a USD200 million investment.

Federal Reserve scales down asset purchases

In response to developments in US economy, Fed officials scaled back asset purchases. In a report by Reuters, the Federal Reserve scaled back asset purchases following the slow improvement of the US economy.


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With the labor market down, private sector employers in the US had hired fewer workers for the past six months.
Sources told Reuters that the end to the probe of JPMorgan's criminal liability about the mortgage bonds it issued in the financial crisis could be far from over.
Europe's clean energy investment had fallen 14% after cheaper US natural gas had lured more investment, said a London-based research firm.
On Tuesday, Finance Minister Luis Videgaray said that Mexico had urged the United States to reach an agreement to raise the nation's debt limits to avoid a possible default that could ruin the international reputation of the country.
According to a report from USA Today, the new USD 100 note has a distinctive feel and new security features.
The US shutdown and its eventual break in the deadlock has been hoped by many countries as the effect has reached other bourses.
Rupee's depreciation makes India an attractive proposition for US investors. India's top ranked takeover advisor Bank of America Corp identified the rupee's depreciation as the main factor in generating interest from US companies in setting up factories in India.
US and South Korea discussed the possibility of delaying wartime control transfer to South Korea's troops amidst fears of North Korea's weapons of mass destruction capabilities.
The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.
A reduction in gas prices could be felt all over the US. Gas prices had been dropping all over the country. GasBuddy, a website that monitors the prices of gas around the US revealed that prices at the pump had fallen to as much as USD 3.
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