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  • GE to take $6.2 billion hit from insurance portfolio
    on January 16, 2018 at 3:04 pm

    (Reuters) - General Electric Co will take a $6.2 billion charge in its fourth quarter results for a more than decade-old insurance portfolio covering long-term healthcare costs, the company said on Tuesday. […]

  • GAIL reworks Gazprom LNG deal, raises volume
    on January 16, 2018 at 3:03 pm

    NEW DELHI (Reuters) - Gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom, the Indian company said on Tuesday. […]

  • Dow hits 26,000 for first time
    on January 16, 2018 at 2:36 pm

    (Reuters) - The Dow Jones Industrial Average touched the 26,000-mark for the first time on Tuesday and other Wall Street indexes climbed as strong earnings from UnitedHealth and Citigroup helped lift the sentiment. […]

  • Citi profit tops estimates; books $22 bln tax charge
    on January 16, 2018 at 2:13 pm

    (Reuters) - Citigroup Inc on Tuesday reported quarterly profit that topped Wall Street expectations as consumer businesses made up for lower revenue from bond and currency trading. […]

  • Suppliers and staff count the cost of UK Carillion's collapse
    on January 16, 2018 at 12:06 pm

    LONDON/EDINBURGH (Reuters) - The collapse of British services group Carillion started to hurt thousands of small contractors on Tuesday, with some laying off workers after the rapid demise of a company that was winning state contracts as recently as November. […]

  • Exclusive: Saudi Aramco snubs UBS and Bank of America for listing roles - sources
    on January 16, 2018 at 11:59 am

    LONDON (Reuters) - Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sources. […]

  • PM Modi launches $6.8 billion refinery in Rajasthan
    on January 16, 2018 at 11:57 am

    BARMER, INDIA (Reuters) - Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand. […]

  • Reliance declares 30 percent higher refinery capacity at export plant: document
    on January 16, 2018 at 11:34 am

    NEW DELHI (Reuters) - India's Reliance Industries has declared a 30 percent increase in the installed capacity of its export-focused oil refinery, a government report showed, increasing the size of the world's largest refinery complex. […]

  • India's imports of Iran oil in Dec scheduled to rise to most since March - source
    on January 16, 2018 at 8:21 am

    TOKYO (Reuters) - India was scheduled to lift its biggest volume of Iranian crude in nine months in December, helping to shore up the OPEC producer's oil exports to Asia last month, said a person with knowledge of the country's tanker loading schedule. […]

  • Bonds slump after RBI deputy warns of banks' high interest rate risks
    on January 16, 2018 at 7:33 am

    MUMBAI (Reuters) - Indian bonds slumped to a near two year low on Tuesday after a central bank deputy governor highlighted growing balance sheet risks for state banks due to their high exposure to government securities. […]

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